Swiych,
15:59 mins

S009: How to Build a Successful Social Venture – with Seun Onigbinde

September 21, 2016
Seun Onigbinde

S009: How to Build a Successful Social Venture – with Seun Onigbinde

Building a successful social venture is no small feat. Seun Onigbinde, the Co-founder of BudgIT, knows that all too well. BudgIT is Nigeria’s foremost data visualization startup in the area of public data and budget. In this episode, Seun Onigbinde shares tips on how to build a successful social venture.

Episode Takeways

In this episode, you will learn

  • two major turning point for BudgIT,
  • about the business model that drives the growth of BudgIT and most successful social venture,
  • the best ways to get maximal productivity from co-workers.
  • how a typical day looks like for Seun Onigbinde,
  • about BudgIT’s plan for the future, and
  • how Seun fared in our word game.

“Occupy Nigeria 2013” and BudgIT

In our last episode, Seun Onigbinde shared with us how he and his partner started BudgIT. Especially relevant was how BudgIT took advantage of the 2013 “Occupy Nigeria” campaign. It rose to prominence largely because of this event. This was because the attempted removal of subsidy by then President Goodluck Jonathan led to the need for more facts to support public outcry. In a few days, its followership on Twitter rose from 500 to over 10,000.

On Funding

In addition to that, Seun sheds more light on how the startup got its first funding (about 400,000 dollars). Furthermore, he explains how BudgIT makes money.  Only a few successful social venture in Nigeria can boast of this.

How to Build a Successful Social Venture
Photo credit: www.socialventures.com.au

Building a Successful Social Venture

As BudgIT celebrates its 5th year anniversary, Seun takes it a step further. He shares tips on the best ways to get maximal productivity from co-workers in a social venture.

Covering issues relating to team formation, taking advantage of circumstances, productivity as well as business model, Seun covers key areas a social entrepreneur should work on to achieve success.

Conclusion

In conclusion, Seun Onigbinde time travels into his past and reveals what he wished he could have corrected about his past. Listen to Seun now.

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About Swiych

Swiych is Podlobe’s interview based channel focused on bringing you entrepreneurs, business owners, and enthusiasts, whose experience you can learn from. Hosted by Samuel Adeoye (a.k.a Se7en), Swiych is a 10-15 minute weekly podcast show.



Today's Guest

BudgIT founder, Seun Onigbinde reveals the story behind the success of his startup. Seun left his job as an executive of First Bank to start his social enterprise, BudgIT. Seun Onigbinde graduated as an Electrical Engineer from the University of Agriculture, Abeokuta before proceeding to the Graduate School of Business, Standford University. Onigbinde is an Ashoka Fellow and has won several renowned awards.

Episode Takeaways

In this episode, you will learn

  • two major turning point for BudgIT,
  • about the business model that drives the growth of BudgIT and most successful social venture,
  • the best ways to get maximal productivity from co-workers.
  • how a typical day looks like for Seun Onigbinde,
  • about BudgIT’s plan for the future, and
  • how Seun fared in our word game.

Bonus Track

Bonus Tracks are short cuts (1 to 5 mins long) from our interview with guest that are not included in the main podcast. We find them useful, but cannot include them in the main podcast because of our show length policy.

SEUN’S BIGGEST CHALLENGE AS AN ENTREPRENEUR IN NIGERIA

  • My main takeaway from this podcast is the importance of readiness to take advantage of situations that present themselves. If an individual or organisation is not prepared, when a tide comes, it wouldn’t be able to ride it

    • Trueee. Truee. I think a lot businesses or startups that scale fast learn this well. Positioning one’s self and startup/business can mean the difference between success and failure

    • Omoloro Fasuyi

      Same here. He said something about watching out for external factors and being ready to take advantage of them. Some people see problems, others see a way to profitably solve the problem

  • Ekundayo Babayeju

    Impressive

    • Thank you Sir! Any thing you felt didn’t sound too right i the podcast? We always lovee to improve your listening experience!

  • Yes ooo, a very humble, deep and interesting personality. Even before and after our interview, I was well lectured about the importance of civic education. He is also a great thinker, and I won’t be surprised if he becomes a force to be reckoned with in the world

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