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Showing posts from December 15, 2019

Why Most Nigerian Businesses Don't make it past the First Generation. 3

To conclude what I've been writing on why in my opinion many businesses hardly make it past the first generation let me share my experience like I promised to.  A few years back I was approached by someone through a close friend to come and help start a diagnostic centre. The owner was a civil servant who worked in one of the Teaching Hospitals in the country.  After asking some questions and all, I agreed to give my off days at work to come to the centre to offer my services and help oversee the runnings of the place.  So we began, the location was very good and strategic, great facility. Good working environment. The admin staff who happened to be a relative of the MD was quite cooperative and easy to work with. We would sit and brain storm and I would give some ideas on how we could do things better.  Gradually things began to pick up and we were having patients visit the facility and feedbacks were good.  Then a 'marketer' was brought in to help

Why Many Nigerian Business don't go beyond the First Generation. 2

Two weeks ago I wrote about a particular business brand I'd been observing over the years and from my observations I shared what I thought among others helped them succeed. I remember talking about consistency and affordability. Today let me talk about another one. For those who are know Kaduna very well, it's a state that is home to virtually every category of educational I know in the country. And primary and secondary schools are not left out. One of the thriving businesses is the establishment of private schools. I remember growing up and knowing some schools that were making waves in terms of quality education and excellent facilities but as time went on one by one we began to see the 'death' or the folding up of these schools. And from my little observations and thinking I'll share what I felt maybe have been the reasons for such folding ups. First among one of the things I observed was the absence of long term vision. The Bible says where there

Why many businesses in Nigeria don't go beyond the First Generation. 1

I have this funny habit of wanting to know why things work or not. I don't know maybe it's a side effect of being a Physiologist. 😀 Because in Physiology you are trained to study the various systems of the body to understand why and how things work and function to achieve a state of balance. I've keenly observed lots of businesses especially in the city where I live and I've discovered some interesting things about them that I'd like to share. It's no news that in Nigeria many businesses hardly make it past the first generation. Many die with the founders. I still remember from childhood till now how many businesses I know that have collapsed. I remember writing a post about one of such last year. It used to be a popular furniture company but has become a shadow of it's former self. I've also seen a few that have made progress over the years inspite of all the odds. One of such is a popular bookshop that sells bibles and Christian literature