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50 Things I learnt from Business Sustainability Masterclass organized by Dr. Olumide Emmanuel

Dayo Adetiloye Business Hub

50 Things I learnt from Business Sustainability Masterclass organized by Dr. Olumide Emmanuel

Business Sustainability

Business Sustainability

Today, I will be sharing with you what I learnt from the just concluded Business Sustainability Masterclass.

The facilitators are:

  1. Dr Olumide Emmanuel
  2. Tara Fela-Durotoye – CEO of House of Tara (She used House of Tara as a case study)
  3. Nnamdi Ezeigbe – CEO of Slot

The Masterclass is a paid event and worth all the investment.

  1. The reality of today’s marketplace is V.U.C.A – Volatile, Uncertain, Complex and ambiguous
  2. You need collaboration, coordination, contextual thinking, and divinity leverage skills to navigate the marketplace etc.
  3. Crisis creates opportunities; you will need vision, understanding, clarity and agility to maximize opportunities.
  4. Organisation stop growing because people get comfortable, quit dreaming, stop taking risks, and lack a master plan for enduring for generations.
  5. Business fails because of lack of staff loyalty, failure to organize little details, poor customer service, and insufficient capital.
  6. Business also fails because of poor credit management, government policy, economic climate, and the death of the founder.
  7. Most staff left their job because of how they were treated, not just because of what they were paid.
  8. The real money in real estate is in the diaspora
  9. Copycat principles – whatever you start in 6 months, other people will come into it and do it.

    Business Sustainability

    Business Sustainability

  10. Create a 5 – 10 year plan for wealth
  11. Know when to walk away
  12. Walk away when government policy threatens the future of a business venture.
  13. Build a network of positive people around you.
  14. Seek help and advice.
  15. Pursue your dream vigorously.
  16. Think big picture.
  17. There is no problem without a solution.
  18. Walk away from things and count your loss.
  19. Be tender and tough.
  20. Hope is not a strategy.
  21. Do staff retreat two times a year.
  22. Document the performance of your business in the last 5 years.
  23. Gather accurate data of your customers.
  24. Do regular meetings with your staff.
  25. Follow your values.
  26. Cut cost.
  27. Position your business for 24 hours economy.
  28. Do old things in a new way.
  29. First law of marketing is to understand the product.
  30. Put systems and structure in place for your business to run and be profitable without you.
Business Sustainability

Business Sustainability

  1. Customers are not just kings in business; they are the kingdom.
  2. Be committed to the people you are sent to.
  3. Commitment and mentorship help with business sustainability.
  4. Superior customer service helps with business sustainability.
  5. Define your purpose.
  6. The CEO is a strategist.
  7. People are critical success factors to business sustainability.
  8. Tell people you trust them.
  9. Design a repeatable business model.
  10. Design growth strategies.
  11. Use other people’s money (OPM).
  12. Use other people’s resources (OPR).
  13. Be sensitive to opportunities.
  14. Hire slowly and fire quickly.
  15. When revenue goes up, profit grows up.
  16. Plan for the future.
  17. Human capital + structure + culture + strategy helps with sustainability, and they are your competitive advantage.
  18. Focus on the customer more than the competition.
  19. Document what you do in your business.
  20. Focus on what you can do, and others cannot do and delegate what you can do, and others can do.
Business Sustainability

Business Sustainability

And lots more…

The write-up is put together by Dayo Adetiloye, a participant in the business sustainability Masterclass. I am available to train and facilitate sessions with Business owners and staff on strategy and business growth. I am also an expert in fundraising through grants, loans and investments.

Call or whatsapp 08060779290 if you need my services.

 

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Dayo Adetiloye Business Hub
Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness
Dayo Adetiloye Business Hub
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