As Africa’s richest man, Aliko Dangote is a source of inspiration to entrepreneurs around the world due to his considerable success and for the fact that he was once a budding entrepreneur.
On the way, he encountered many challenges but persevered until he expanded his company and launched the Dangote Group in 1977.
Read more about Business
There are many lessons to learn from the business tycoon, especially ones he has to give during interviews and seminars.
Listen To People
A business’ success depends largely on the people behind the scenes. Aliko Dangote opines that you have to value teamwork if you want to build a thriving business.
“There’s no way you can make it as a person without a good team,” says the entrepreneur.
Dangote reminds us that every business comes with its own set of challenges. According to him, entrepreneurs should welcome challenges because life would be boring without them. He advises that as long as you stay consistent and find ways to solve problems that arise you will be successful.
Seek Out The Right Information
Running a business requires one to keep up with the trends in their industry. On this, Dangote advises business owners to have as much information as they can at their fingertips and ensure the information is up to date. He uses his experience as an example, revealing that if he did what he was doing years ago without the automation available today, he wouldn’t be successful.
Find our comprehensive listings of businesses in Nigeria here https://businesses.connectnigeria.com/
Focus comes from loving what you do and seeing a future in it. According to him, “you shouldn’t take your business or job as something you must do; you must see it as a hobby. If it’s a hobby then you’ll do it better.”
The more evolving your industry is, the more you have to think ahead and weigh your options before taking action. While Dangote advises entrepreneurs to diversify if they have the means, he also emphasises on the need to know when to consolidate. Expanding without a good strategy will lead to costly errors in the long run.
In your quest to become a successful entrepreneur, there’s no better person to emulate than Aliko Dangote himself. These lessons remain relevant and applicable in today’s world.
Featured Image Source: CNBC
Got a suggestion? Contact us: editor at connectnigeria dot com