Richard
471 posts

Richard
@Rickson____
Happy boy. |OgzyEnt| MUFC | Buying 📊📉🗳📍. Humanity before religion. Leader of tomorrow 🔝🌳
Lagos, Nigeria Katılım Ekim 2020
1.7K Takip Edilen691 Takipçiler

I have been warning you lot since 2011. You made your bed. You will lie on it.
Ologunwa Temitope mercy@abikeade_mii
My brother called me around 3:00am in the morning that armed robbers came to their compound … but they couldn’t enter his apartment..but robbed his neighbors..guess the language the robbers were speaking.."hausa Fulani " Ikorodu is not safe again like before Hausa Fulani dun full everywhere for ikorodu. from bikers to maruwa riders na dem full am..these people are closer than we think in south west ..
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Immediate to Europe or America and be a patriotic citizen from there.
Mr. Láyí@layiwasabi
what is the nigerian dream?
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If you are broke and the first thing that comes into your mind is selling property to make more money, then you are walking on very dangerous terrain. It is not a sustainable way out of the problem of insufficient income.
If you now have to sell the property to pay off debts, then maybe you should seriously consider a career change and give up entrepreneurship.
I have seen former "big men" go through this phase and finally be saved when they open up, and their friends rally around them. This is why African politicians will always support corruption. Their income is never enough to sustain their lifestyle.
This is also what leads to all the bad side deals in the private sector and why they exclude outsiders from their circle.
For those in sports and entertainment, it is brutal. When Davido mentioned that his Dad would send him $300k after a show, I laughed because the man probably knows his burn rate and cash cycle better than anyone.
You can't plan a life around doing one-off deals, but you can plan a life around working with a group of people to generate constant income. The reason the Lebanese, Indians, and others are better businessmen in Africa is that the business groups they form are equivalent to corporations, with proper support and planning.
We have cooperatives, but they don't function the way the Lebanese and Indians in Africa do theirs. Most people in our cooperatives are typically there for emergency loans or crisis support. They don't see them as an active business organization that is responsible for their regular income.
An Indian friend I grew up with was one of the richest people I knew, but was also one of the most frugal. Any fancy car he was driving was usually one that he imported for sale. He was the one who wanted me to buy houses in Calabar almost 30 years ago at 100k Naira each, but I didn't see the value then. He bought several and housed his staff there.
He was always "switched on" and in moneymaking mode, and we did some interesting deals together while he still had his factories selling regular cheese balls and biscuits. That regular income from those factories was sacrosanct. Those were his core products; the side deals were for extra income.
For me, those side deals were my main source of income until my cousin, Lateef Belo-Osagie, made me see the folly of consulting and tech deals. He told me to go and get a job. I struggled with this until I took the course at HBS with @JosephBFuller, who gave us the truth about consulting and services. It was a zero equity game.
Find products to build and sell daily, or join a corporation or group that does. The lawyer guy who kept his 9-5 in the tweet I quoted earlier is very smart because a constant income source lets you plan better. The best business people I know sell something almost every hour. Sometimes, every minute.
If you don't have more income coming in than outgoing expenses, you are definitely going to end up in financial trouble. If you are in a group that does business together, you should all aim to generate regular income by selling products consistently.
Before we were chased away from the POS agent business by those with more resources, my dashboard showing regular income from those transactions used to give me more joy than anything else. These days, it is Stripe. Each sale gives me joy.
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Richard retweetledi

@ShinaFasheun Progress brings clarity, it brings awareness. You cannot know until you do the thing. Reality is the best feedback generator.
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@officialABAT of @OfficialAPCNg has borrowed the future of the 10th generation to come.
A wise leader leaves an inheritance for the next generation.
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