This is a real life story, I am astounded as to how people can be so savvy in business that even their brother is a competitor. Now these 2 businessmen are into importation of ceramic sinks, washbasins, tiles and plumbing materials. In fact I discovered that these 2 men have built credibility with their suppliers that they literally do not pay their suppliers from overseas.
They can order as much quantity as their warehouses can contain and pay gradually. The highest share holder of the company who supplies them those wares visit Nigeria periodically and these guys I learnt always sponsor her trips and make sure she is so comfortable lodging at Eko hotels and suites. The primary purpose of this lady is not to come after her debtors but to inspect the warehouses of these men so that she can have first hand view of what they need. What these guys do is that they rent or build as many warehouses as possible so that they can get more supplies. Need I say these guys are billionaires, you need to see competition. When millionaires call each other 'small boy'.

Now to the main story. One of these men bought about 3 plots of land with a structure that was supposed to be a shopping complex in a very choice location in a Lagos suburb on the mainland. The structure on this particular land was nearing completion but due to the reasons best known to the owner, he decided to sell it. He sold everything (both the land and the structure) for N200million to one of this men. The man told him that he doesn't need anything from there, that all he wants is the land. He offered it to the owner to demolish it within 2 weeks and take whatever he wants from there; iron rails, gate, pillars, anything or else if he is to do it, else he will demolish it under 3 days and wouldn't need a pin from there. This is indeed more money for the landlord.

Meanwhile, the other business man was always monitoring their movements, seeking for an opportunity to take over the deal. In fact he secretly offered the man N210 million to revert the sales of the choice property and give to him. When the other man discovered hat was going on, he didn't fight, what he did was he literally assisted the land lord to carefully demolish the property before 2 weeks, and before 3 more weeks, he has erected 2 massive warehouses there even without roofing them, he put his goods there.

I thought about all this and I learnt some cool business ideas;

1. Your competitor is not your enemy but someone to make you wake up from slumber

2. There is no 'brother ' in business

3. Don't think you are the only one that knows what is good. Someone has also seen that business opportunity you just saw

4. To ward off competition, you must make an outstanding statement. The first man realized that if he had wasted more time with the land lord, the other man would have sold his way into the landlord's heart with more money. He quickly erected his ware house and that put an end to his competitor's prying eyes.

5. What did you learn

i learnt that you should learn how to summarize ur write ups,i got bored reading just 10lines

I learnt the need to a millionaire!



Btw
Nice one bro

EverestNwatu:
i learnt that you should learn how to summarize ur write ups,i got bored reading just 10lines

Ok lazy reader

that nigerians can lie

I learned that u need money to make money

coursednigerian:
that nigerians can lie

really but not on this thread

tjark1:
I learned that u need money to make money

Yes but more of ideas

tjark1:
I learned that u need money to make money

Thats just it.

I learnt that Ibo men are very smart when it comes to bussiness.

No doubt, Igbo men are business gurus. I deal with them. They are blessed with that.

ok