11 March 2015

Nigeria: Business Leaders Chart Path to Entrepreneurial Development

TO help entrepreneurs mitigate the challenges of start-ups in the country, a global business network of experienced leaders have charted path to drive the growth of entrepreneurial development in Nigeria.

The forum organized by Entrepreneurship Organisation (EO), a global business network of about 10,000 leading entrepreneurs in 144 chapters and 46‎ countries to share experience and values for entrepreneurship development, tagged "business leadership values in Nigeria" provided a platform for business owners to come in contact with young and intending entrepreneurs to address challenges hindering their businesses.

‎Delivering his keynote at the event, the Managing Director, Sahara Group, Tonye Cole advised young and intending entrepreneurs to imbibe the fundamental principles of respect, integrity, hardwork and quality relationships to achieve desired growth.

‎Cole stressed that growing up as an entrepreneur, he had to learn through failure, practice and what he called the "hard way of doing business", but stressed that technology has created many opportunities for entrepreneurs to thrive.

He however tasked entrepreneurs to utilise the opportunities information ‎technology (IT) platform offers to transform their businesses.

‎ "You cannot equate relationships, you must have respect for everybody because it is very critical for the whole entrepreneurship journey. Do not also compromise your integrity," he said.

In his words: "Honesty is also a key factor. Although the business environment we find ourselves is tempting, but you must always stand your ground to do the right thing always."

According to him, entrepreneurship carries some of the greatest responsibilities for economic development, maintaining that countries that have transformed their economies have given entrepreneurship a great deal of attention.

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