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5 Business Lessons I Learned From The Richest African Billionaires - Business - Nairaland

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5 Business Lessons I Learned From The Richest African Billionaires by maasflan: 7:02pm On Oct 23, 2015
[img][img][/img][img][/img]







Lesson one: Problems are opportunities
The first business lesson I learn from the African billionaires is that problems are not what they seem to be. The’ve taught me that problems are simply opportunities in disguise. Africa is often regarded as the third world; a continent engulfed in strife, political poverty and corruption.

Yet, in the midst of all these; some men stood their ground and built wealth where the poverty level is rated high. What lesson does this entail? The lesson here is simple: people’s problems are simply avenue to generate wealth; if only you can position yourself as a problem solver. The billionaires in Africa listed above were critical problem solvers; and that was why they became billionaires.

What is the Primary Duty of an Entrepreneur?

Mike Adenuga and Mo Ibrahim solved the telecommunication problem in Africa; Aliko Dangote provided the basic needs of Nigerians and Africans in general while Patrice Motsepe helped Africa maximize her potentials with respect to mineral resources. So regardless of your region or predicament; just focus on solving problems and you may join this list of richest Africans.

Lesson two: Money is not seen with your eyes
The second lesson I learned from Africa’s richest billionaires is that money is not seen with your eyes. If money can be seen with the eyes; the world would probably be running down to Africa because of the potentials she holds; but unfortunately, money is not seen with the eyes.

While others see Africa as a poverty stricken continent; these billionaires saw the hidden potentials in Africa. While others were screaming “stay away from Africa”, these men stood their grounds and invested in Africa and that’s why they became billionaires. Once again, I restate the lesson; money is not seen with your eyes. You can only see money with your mind; that’s if your mind has been trained to spot business opportunities amongst problems.

Lesson three: Concentrate on your strength
How do you become a billionaire? This is one question most people ask online. Well, there are several factors to becoming a billionaire and one of such factors is concentration. Take a close observation of the richest billionaires in Africa and you will note that they concentrated on their core strengths. They did not diversify their effort; they concentrated on what they know how to do best.

Aliko Dangote concentrated on commodities; Femi Otedola concentrated on diesel, Mo Ibrahim focused on telecoms and Patrice Motsepe concentrated on mineral mining. So if you are going to achieve extraordinary success; if you want to build a success business empire, then you must learn to concentrate your efforts on your core.

continued....... www.olufemimausi..com.ng

Re: 5 Business Lessons I Learned From The Richest African Billionaires by mayorall(m): 10:54pm On Oct 23, 2015
One day, God will make me an envy of the world and also you.

lalasticlala . Williams of life. FP worthy abeg
Re: 5 Business Lessons I Learned From The Richest African Billionaires by dasanchez1(m): 11:48pm On Oct 23, 2015
mayorall:
One day, God will make me an envy of the world and also you.


lalasticlala . Williams of life. FP worthy abeg

One day, God will make you the manufacturer of Mayor source power bank...

Op, nice post ^^^^ .. smiley
Re: 5 Business Lessons I Learned From The Richest African Billionaires by saudatu(m): 12:06am On Oct 24, 2015
maasflan:
[img][img][/img][img][/img]







Lesson one: Problems are opportunities
The first business lesson I learn from the African billionaires is that problems are not what they seem to be. The’ve taught me that problems are simply opportunities in disguise. Africa is often regarded as the third world; a continent engulfed in strife, political poverty and corruption.

Yet, in the midst of all these; some men stood their ground and built wealth where the poverty level is rated high. What lesson does this entail? The lesson here is simple: people’s problems are simply avenue to generate wealth; if only you can position yourself as a problem solver. The billionaires in Africa listed above were critical problem solvers; and that was why they became billionaires.

What is the Primary Duty of an Entrepreneur?

Mike Adenuga and Mo Ibrahim solved the telecommunication problem in Africa; Aliko Dangote provided the basic needs of Nigerians and Africans in general while Patrice Motsepe helped Africa maximize her potentials with respect to mineral resources. So regardless of your region or predicament; just focus on solving problems and you may join this list of richest Africans.

Lesson two: Money is not seen with your eyes
The second lesson I learned from Africa’s richest billionaires is that money is not seen with your eyes. If money can be seen with the eyes; the world would probably be running down to Africa because of the potentials she holds; but unfortunately, money is not seen with the eyes.

While others see Africa as a poverty stricken continent; these billionaires saw the hidden potentials in Africa. While others were screaming “stay away from Africa”, these men stood their grounds and invested in Africa and that’s why they became billionaires. Once again, I restate the lesson; money is not seen with your eyes. You can only see money with your mind; that’s if your mind has been trained to spot business opportunities amongst problems.

Lesson three: Concentrate on your strength
How do you become a billionaire? This is one question most people ask online. Well, there are several factors to becoming a billionaire and one of such factors is concentration. Take a close observation of the richest billionaires in Africa and you will note that they concentrated on their core strengths. They did not diversify their effort; they concentrated on what they know how to do best.

Aliko Dangote concentrated on commodities; Femi Otedola concentrated on diesel, Mo Ibrahim focused on telecoms and Patrice Motsepe concentrated on mineral mining. So if you are going to achieve extraordinary success; if you want to build a success business empire, then you must learn to concentrate your efforts on your core.

continued....... www.olufemimausi..com.ng
My jewel
Re: 5 Business Lessons I Learned From The Richest African Billionaires by mayorall(m): 12:07am On Oct 24, 2015
dasanchez1:

One day, God will make you the manufacturer of Mayor source power bank...
Op, nice post ^^^^ .. smiley


grin

1 Like 1 Share

Re: 5 Business Lessons I Learned From The Richest African Billionaires by dasanchez1(m): 12:18am On Oct 24, 2015
mayorall:




grin
Your laugh dey make laugh

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