Business Life

So much depends on reputation. Guard it with your life...Robert Greene (48 Laws of power)

Every business has a life in itself and in the same light, every business cycle should pass through life's stages of infancy, childhood, adolescence to adulthood.

It is a sad thing when a life is cut short. I personally believe that a business should outlive its creator. There is absolutely no reason why a business should cease to exist after the demise of its owner. However, this is not the case of so many businesses (Nigeria not exempted). Like so many illnesses, a Doctor can diagnose it through its symptoms.

I have observed that many Business persons whose business have a tendency of an early death are particularly individuals with no work experience and with a poor organizational structure. People with work experience who have grown "successfully" through the ranks, usually have enough acumen to structure their organisation for growth.

I am amazed when I meet gifted individuals who cant meet up with commitments because "they are overwhelmed with work". A proper organisation should have division of labor. Tasks must be broken down into parts and run through a process to its completion, "The Boss" shouldn't be the one holding all the aces up his/her sleeve. "The Boss" should be that person that ensures all work is done, targets are met, customers are happy, and the profits are constantly coming in..

A good boss empowers his/her workers in the interest of business growth. Just in case you don't get it, your customer is the last person you should give endless reasons why you can't meet up with deliveries. When you give your word to your customer - KEEP IT. Results and not efforts are rewarded. It is your responsibility to structure your business for success. Identify and remove all bottlenecks to success. What is that thing that only you know? TEACH YOUR WORKERS.

I intend to share more on this subsequently, They say "experience is the best teacher" so I will share my experiences in this light. Till we meet again, keep winning.


Mr David Chiaka
Twitter: @MrChiaka