GULU. Entrepreneurs have advised students aspiring to start business ventures not to be afraid of failure.
The Agago North Member of Parliament, also an entrepreneur, Prof Ogenga Latigo, told Gulu University students on Thursday that it is from failure that people learn to succeed in business and life.
Prof Latigo was addressing hundreds of students at the university main hall during the first day of the annual Career expo organised by National Social Security Fund (NSSF) in partnership with Monitor Publications Limited.
“Don’t fear failure, there are lesson you learn only after you have failed. You can never learn from someone else’s failure because you do not know their situation,” Prof Latigo counselled students.
He narrated his story of how he began working on his farm in Nwoya District after he failed to go back to Parliament in the 2011 parliamentary elections.
“After losing the polls, the first call I made was to my farm manager, asking him to prepare for me a home at the farm. That is how I managed to set up the largest farm in the district,” Prof Latigo said.
He advised students to optimally use their time at the university, adding that time lost can never be regained.
“Time is more important than money. You can lose all the money and recover it later but with time, once you lose it, you won’t recover it,” Prof Latigo said.
He added: “The time God has given you to come to the university should be well spent. Know that you have 24 hours a day and endeavour to make a mark every passing day. Avoid postponing things because once you postpone things to tomorrow, you lose today.”
Mr William Olwoch Olobo, an entrepreneur and owner of Paragon Hospital in Kampala, advised students never to fear approaching established entrepreneurs for skills training.
He added that students must create enough time for themselves in order to succeed in the future.
Mr Olwoch also advised students to pick interest in reading newspapers for better career and business opportunities, arguing that most students buy newspapers to read about sports.
“Some of you buy newspapers and just turn to the sports pages and you complain later that there are no job opportunities. Me I am smart, I buy newpapers to search for new opportunities,” Mr Olwoch said.