Growth Mindset Grows a Business
I have been studying the collapse of businesses in Nigeria. My conclusion is that Buhari is not the reason why businesses collapse and many loose their jobs. Our mentality and lack of discipline is.
“Vision is not enough. It must be combined with venture. It is not enough to stare up the steps; we must also step up the stairs.”
— Vaclav Havel
A company sponsored Big Brother Nigeria with N350m yet could not pay the salaries of its workers. A startup raised millions of Naira to run its operation but became bankrupt because there was no financial discipline.
Skye bank and many banks are distressed because most of Nigeria’s CEOs or Managing Directors don’t read. And those who do, read for the sake of it and not with the aim of solving a problem their company has.
I am running about 5 organizations right now. To scale and grow them I need to know what to do. You see, most business people in Nigeria rise to their level of in-competencies and ignorance, and as a result, they are unable to move the company forward. That’s when it begins to decline.
GEJ’s era of surplus supply of cash made many business people over-confident. They thought the bazaar will continue forever. and when the ropes got tighten, there was nothing to fall back on. They began to take money out of the business for themselves. In all, the mediocrity Buhari has entrenched, will further kill more businesses.
Until we begin to grow as a people, both employee, and employer, businesses will not grow here. But foreigners with a growth mindset will build businesses and grow their value to billions of dollars. The secret to business success anywhere is having growth mindset.
Having a vision of a great business is not enough. You have to grow to make the vision a reality. There is no magic formula anywhere and there is no law that says Nigerians cannot grow businesses in Nigeria to billion dollar value. But in order to do that, we have to grow and become people who can produce billion dollar worth of value for the people.
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CEO, MegaGrowth Solutions
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