5 REASONS WHY NIGERIA BILLIONAIRES ARE VERY SUCCESSFUL.
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REASON 1: They are STRONG WILLED
The richest people in Nigeria are strong willed in spirit. They are dogged and persistent. To these set of individuals, success is not an option, it is a must and a necessity. These successful Nigerian entrepreneurs refuse to be held down by their circumstance, instead they reached out for their inner strength and went for success. Above all, these entrepreneurs don’t take no for an answer, they simply refuse to give up and that is one of the major reasons why they are very successful today.
PRACTICAL EXAMPLES: When Raymond Dokpesi was on the verge of losing A.I.T, he refused to give up. Mike Adenuga had his telecom license revoked twice and lost over 20 million dollars but he refused to give up. Orji Uzor Kalu had his oil bloc license and his aviation license revoked; his airline business was grounded and the business accounts of his publishing firm (The Sun) was frozen, yet he refused to give up. Cletus Ibeto’s cement company was shut down by the government but he persisted and refused to give up.
END NOTE: If you are ever going to have your name listed as one of the richest people in Nigeria, then you must be prepared to stick with your success plan down to the very end. You must never give up.
REASON 2: They are FOCUSED.
The richest people in Nigeria are focused, they chose a specific business of their strength and stuck to it. If you are ever going to make it in Nigeria, then you must obey the first law of business success of Andrew Carnegie, the steel mogul. The first law is simply to “Concentrate your energy, thoughts and capital exclusively upon the business in which you are engaged in”.
Having begun in one line, resolve to fight it out on that line, to lead in it. Adopt every improvement, have the best machinery and know the most about it- Andrew Carnegie. If you think this statement is a mere fad, then think again because it’s the truth in its entirety.
PRACTICAL EXAMPLES: Aliko Dangote focused on commodities and basic needs while Femi Otedola concentrated on oil and gas. Cosmos Maduka and Ade Ojo focused on automobiles; Fola Adeola focused on banking, Leo Stan Ekeh concentrated on computers and Raymond Dokpesi focused on broadcasting and entertainment.
END NOTE: This should tell you that concentration is a key factor to succeeding in business. To succeed and be like them you must need to stay focused and true to your dreams.
REASON 3: They have a STRONG BUSINESS MISSION AND VISION.
The Nigerian billionaires have a strong business mission and visions and these two factors propel them to greatness. If you decide to take away their business mission from their business, you would realize that they are no more. This is simply because their entrepreneurial spirit lies in their mission and vision statements.
PRACTICAL EXAMPLE: Aliko Dangote set down a mission to provide the basic needs of over 170 million Nigerians. Femi Otedola is out to provide oil and gas at a uniform price with faster delivery. Fola Adeola is on a mission to provide innovative banking services to Nigerians. Leo Stan Ekeh wants to put a computer in every home and Raymond Dokpesi is out to give Nigerians uncompromised news and informations on latest happenings.
END NOTE: A strong business mission and vision is one of the reasons why these men are on top of their game. If you want to be like them you must have a strong business mission and vision.
REASON 4: They THINK BIG.
One attribute I love about Nigerian billionaire entrepreneurs is the fact that they are big thinkers even after making billion of Naira’s. They think big and love to keep on doing bigger things. Despite the fact that they have all they need in life, they are still generating bigger and better business ideas.
PRACTICAL EXAMPLES: Aliko Dangote is the largest cement manufacturer in Africa and yet he is planning to build the biggest refinery in West Africa. Femi Otedola is the largest diesel importer in Nigeria yet he is thinking out new ideas that would take his Diesel market outside Nigeria. Raymond Dokpesi owns the first indigenous cable network television in Nigeria (A.I.T) yet he is developing new ideas that would raise A.I.T (African Independent Television) to the next level.
END NOTE: If you are going to leave a legacy in life, you must be ready to think big and act big. To be a billionaire my friend you must think big. You have the inner power to get to the top. YES YOU DO!!!
REASON 5: They THOROUGHLY UNDERSTAND THEIR LINE OF BUSINESS. Take a close look at Nigerian billionaires and you will see the names of entrepreneurs that thoroughly understand their line of business like the palm of their hands. They know the in-depth intricacies of the various businesses they are involved in.
PRACTICAL EXAMPLES: Cosmos Maduka, the billionaire founder of Coscharis Group even liken himself to a first class degree holder from the University of Automobile spare parts whereas he drop out from school in Primary 3.
END POINT: This goes a long way to prove to you that knowing your line of success is essential to success not only in business world but life in general.
Written by OGUNTOLA ADELOWO.