African Entrepreneurs
I find that each time I bring up a conversation about investing in Nigeria, I get greeted with a pessimistic reception. This suggests that some individuals believe Britain and United States were built in one day and by all their countrymen.
Recently I proposed that creating small pots of money ($0.5 - 1 million) will be a good start and immediately everyone was like Nigeria needed $20billion (the number was plucked from air) in order to be in the same league as some European countries. I disagree. Where are you going to get that amount from? I have to say in advance that I am a debt relief skeptic. America did not certainly start with $20billion, it started with individuals with a small initial capital layout which was built up and has since formed the basis of the American Economy.
If anyone thinks General Electric was always a big company, please email me for free counselling, otherwise enjoy this piece on African entrepreneurs. (via Timbuktu Chronicles)
Tags: Africa, Business, NigeriaIn the past: Willing People
Comments (1)
You are always going to get cynics when it comes to investments in Africa in general and Nigeria in particular. I guess the problem is that people only see the crowning glory of a business enterprise and fail to realise that it started small so we see Microsoft as a major corporation but forget that it started in Bill Gates father’s garage.
Dont be afraid to start small - the important thing is to believe in the strength of your convictions and realise that starting small is the beginning of a journey and certainly not the final destination.
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