Managing Business in Nigeria: Challenges and Prospects - Vanguard News

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 87 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 75%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Managing Business in Nigeria: Challenges and Prospects vanguardngr.com vanguardnews

practical insights from my experience of managing a business in our dear country in the past decades. I expect that through that, we shall see some of the challenges of doing business in Nigeria and at the same time, appreciate the prospects that they provide for us. They may come as little issues, but I bet you, they mean a lot. In understanding the challenges, we see the prospects that are there for us. So, I want to talk generally with you and not to make this technical.

With a 2018 staff estimate of over 703,000, Tata Group, aged about 151 years, has Tata Steel, Tata Motors, Jaguar Land Rover, Tata Consultancy Services, Tata Advanced Systems Limited, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Coffee, Tata Teleservices, Titan, Voltas, Tata Cliq, Tata Communications, and The Indian Hotels Company Limited , on its list.

In our clime, business vision is rare. Most of our business people establish businesses without clearly defining their visions. Many just establish a business for the sole reason of having an office address and waffling through with whatever comes. This approach leaves one with one certain end -Failure! Businesses will fail if founders fail to properly define their vision and communicate the same to their teams and also, trust them to drive it. Vision is about the next big picture.

Like I said at the beginning, I promised to talk more from my experiences as a businessman and an investor. An investor is also a manager of human resources. Once you set up your business, your next big worry is where to get the best of humans to manage it. I am deliberate in saying “the best of humans”. But beyond the best of humans, you need people of competence and capacity.

As a business manager or leader, you will meet and interact with a lot of people. These will include clients and possible partners. If you are not convincing in your first meeting, which may also be chanced meetings, you may have bungled a great opportunity. So, in driving out for business, please, keep your car the cleanest and make sure the air conditioning system is ok. You don’t inspire confidence if you appear at a meeting in a rickety taxi or keke.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Nigeria’s population holds huge business potential’ | The Guardian Nigeria News - Nigeria and World NewsThe Managing Director, Crown Flour Mills Limited, Mr. Anurag Shukla, has said with a population of over 200 million people, there are many business potential in Nigeria to put food on the table of its citizens. Shukla said at 2019 Customer’s Forum and Gala Night, in Abuja, said: “Investors should not be afraid to invest …
Source: GuardianNigeria - 🏆 1. / 94 Read more »

How furniture business became a goldmine in Nigeria – Andrew Ngene, CEO, No Limits Furniture - Vanguard NewsIn every business there are challenges. But being very committed, consistent and above all, involving God in whatever you do, made me overcome the challenges involved in furniture business.
Source: vanguardngrnews - 🏆 5. / 75 Read more »