I hear say....Pt3

It is still sad to know that we don't have some form of local Forbes to depend on for new information on Nigerian billionaires and the decisions they make daily to shape the economy of our nation...we just keep hearing things...
If I may ask...
Who said so?
We know not

The Palms shopping mall has been around for years now and it is by all standards the most successful and the most patronised mall in Nigeria (Tolu said so)

How did it all start?
A nigerian entrepreneur approached Actis group a south african based company that have great track records when it comes to setting up retail outlets in different African countries.

Word has it that all the Nigerian guy had was a large piece of land along the Lekki Express way and that was all he brought to the bargaining table.
The agreement was that Actis group will setup an ultramodern mall on this large piece of land, run it for a period of time, check out when they are done making their desired profit.
After they did their financial computations, their forecast revealed that they will need to run it for 5years to make that desired profit...after which 100% ownership of the mall will be ceded to the Nigerian.

Everything started out as planned but did not end as planned, as of the end of the 2nd year of operation Actis group had made just what they had aimed to earn in 5yrs!! so they cashed out honourably, ceded 100% ownership to the Nigerian

They left him to run the business and over the years the business has remained fresh, increasing earnings with each passing year
They left but they didn't leave
They left but they didn't leave him without a system

If Nigerian entrepreneurs can understand in-depth, the importance of systems development then business succession will be a reality.

Its a shame to watch businesses, organisations crumble as their owners die

Don't we get the message when see brands like
T.M. Lewin (est 1898) ?

It can happen to us if we will make it happen. Our nation needs builders, systems developers
We need it in the family
Things can work when daddy is not home
We need it in governance
Things can work when a new leader takes over
We need it in church
Church can be fun when the senior partner is away
We need it in business
Things can work when the CEO retires

We need it in YOU
Things can work when your days are gone

Don't just read these things
Use it to do something!
Sent from my BlackBerry wireless device from MTN