Hehehe

Do not depise the days of lil beginning.

SoNature:
I must give credit to these foreigners on how they grow companies to have branches almost in all countries around the world.

Imagine how hard it is covering your own country let alone having branches around the world.

even covering a state is not an easy task

The way foreigners run businesses that can span generations and having branches worldwide is amazing.

SoNature:
I must give credit to these foreigners on how they grow companies to have branches almost in all countries around the world.

Imagine how hard it is covering your own country let alone having branches around the world.

Franchising is one of the fastest ways to grow your business in cities and countries outside of your business location.

These companies charge less to nothing for you to use their brand name on your business. You get the name of a huge company, they get free marketing and advertising plus whatever percentage you agree on the deal.

They're always fast and efficient with their deliveries. I've never had any issues with them.

Racoon:
https://www.facebook.com/share/p/VpPEeYrdMVHXg7vV/?mibextid=xfxF2i

Simply put, vision is key.

Nice

blowjohn:
But a typical Nigerian business man will carry profits of the early months and years to go and build houses instead of concentrating on expanding the business.

He wants to build house to impress people and buy luxury cars.

When the economy is harsh, he brings up the excuse of price of diesel and increases prices of his goods and services....

I agree with you except on the 3rd paragraph. Is he supposed to reduce price as cost of production increases?

All what I pick up here is " surround yourself with inventors , visionaries , missionaries and people who see the light despite the darkness ..

SoNature:
I must give credit to these foreigners on how they grow companies to have branches almost in all countries around the world.

Imagine how hard it is covering your own country let alone having branches around the world.

Especially Nigeria that does not have good address system

Offpoint1:
Time to start my restaurant biz with just toothpick.

hehehehe ! Motivational Speakers will soon come for your Beading

Business that was started in 1969 when there were no competitions or anyone other company doing the same business, ofcourse, it would be a big success. Most companies that are big with billions in revenues were started 40, 50 or 60 years ago, Cadbury, Macdonald, KFC, Mercedes, Ford, Peogeot, Coca cola and ETC.

Try building this kinda big business today, it would be very dfficult, with many companies to competitions and technologies to compete with..

40 years ago, people wrote letters and send through the posts to companies, to their friends
and famlies, send birthday cards. Today people just send emails, text messages, call people on watssap even do live video calls..

Ladiesdoctor:
The meaning of the DHL 😲😲
Give it a Nigerian name jare

Dike Haruna Lanre

You didn't state that in 1995 or so to 2000, Deutsche Bundespost Postdienst bought all of its shares and became the owner of DHL, and this company was owned by the German government because the government owned the largest shares in Deutsche Bundespost Postdienst..... so we could say that the German government saw that the company had potential and decided to invest in it and take it to the next level


Be like the company is privatized but German government still owns largest shares...

SoNature:
I must give credit to these foreigners on how they grow companies to have branches almost in all countries around the world.

Imagine how hard it is covering your own country let alone having branches around the world.

The Race matters a lot.

There is a lot that can't be explained on here.

Visionaries.

Cmanforall:


German, not American

Americans initially, before Germans bought it over in 2001.

Benki003:
Next would be my success story of how I left Nigeria and then came back bought it and became the owner of Nigeria

Have you reached puberty,?

justmi1:
I agree with you except on the 3rd paragraph. Is he supposed to reduce price as cost of production increases?

Thing is by then, he's got no money( by virtue of contentment) to cushion the effects.

If I offer a certain service and after months or years I have the highest customer base, I'll never increase prices anyhow( indomie is a case study)

Over years I have been making 10 naira profit.
Suddenly the economy gets bad. I start making 5 naira die to cost of production. I won't increase prices cos am still contented with my 5 naira profit; and more importantly, be cos my customer based has not changed much.

So am ok with whatever comes into my pocket.

The issue with many businesses is the shareholders.

They always want to have maximum profits because they are busy squandering profits on many many houses. The average multimillionaire business man in Nigeria has more than 15 houses scattered everywhere both home and abroad.

Think about what those houses can do for his business, employees etc.

Look at the big banks. How much do bankers who dish out money at the counters earn?

Look at chicken republic

Mr biggs

Tantalizers etc.....

It's everywhere. The ogas are busy eating a large chunk of the money.

Why won’t they succeed by building up from scratch to bequeath the thriving companies to their offspring when the companies were built on their sweat , and not by the moneies stole from the state’s coffers, just like lots of African leaders/public office holders do.

Racoon:
https://www.facebook.com/share/p/VpPEeYrdMVHXg7vV/?mibextid=xfxF2i

Nice one.

Better enabling environment for hard work and perseverance. Try the same here, you go suffer fit die throway.

WikiGuru:

Franchising is one of the fastest ways to grow your business in cities and countries outside of your business location.

These companies charge less to nothing for you to use their brand name on your business. You get the name of a huge company, they get free marketing and advertising plus whatever percentage you agree on the deal.

Oga, nobody needs this lecture.

Copy them and do what they do.

How come no Nigerian company has branches around the world even with all this knowledge?

The car was a reigning car that time, it was a car that was just manufactured and released into the market that same year 1969.

It like saying someone bought a 2024 model car. How many afford that?

Those guys had money 💰 which they wisely invested.

jamesversion:


Americans initially, before Germans bought it over in 2001.

Okay
Where did you get the information from?

Racoon:

And no gree for anybody til u faint

SoNature:
I must give credit to these foreigners on how they grow companies to have branches almost in all countries around the world.

Imagine how hard it is covering your own country let alone having branches around the world.

Na money Naija dey find even when most of them open so called companies.

heniford2:
The system worked for them not in Nigeria here

Your mind sir, is very bad.

Even with the millions those criminals steal in the name of constitutional projects, yet their best investment is building hotels or buying properties abroad.

The shortest biggest story I have read on nairaland

Benki003:
Next would be my success story of how I left Nigeria and then came back bought it and became the owner of Nigeria

That's exactly how Nigerians reason....
I can relate!!