20/06/2023
Lessons Learnt while doing business in Nigeria.
1. If you cannot run after debtors, just don't bother to start this entrepreneur thing that you are having ideas about.
2. The system is piled up in layers with both good people and bad eggs. Be discerning enough to know what to do to navigate.
3. Ensure you focus less on the negativity in the news, it will drain your mind and energy
4. Make decisions very swiftly. Delay can be dangerous.
5. How long are you willing to stay without earning a salary, it may come to that.
6. There are still very good employees in Nigeria, they will sweat blood to see that the company thrives. Ensure you value them.
7.Loans are not the only source of funding for your business. Think deeply before borrowing.
8. Grit and determination are an essential element for success in business.
9. Book keeping is VERY IMPORTANT. It will do you a lot of good.
10. Enjoy yourself while at it. You determine the scenery, do not allow the environment, news, government policy or people to determine your scenery.
As written by Alabi Olushola
Furthermore, don’t commingle your business finance with your personal finance.
Beware of problematic cheap clients. They will drain the living daylight out of your soul.
Written by Auditor Bamgboye Adeniyi Emmanuel .
