| operations |
| comment | | "parent_author":"",<br>"parent_permlink":"r2cornell",<br>"author":"zami2",<br>"permlink":"inspirational-story-from-successful-people-in-entrepreneurship",<br>"title":"Inspirational story from successful people in entrepreneurship",<br>"body":"They say necessity is the mother of invention. Yeah it is at the very least,<br> just as entrepreneurship is the mother of innovation. Much of the rise in entrepreneurship is as a result of unemployment which continues to run rampant with about 114 million jobs lost worldwide last year.\nToday,<br> I'll be writing about a character who has made name for himself when it comes to entrepreneurship in Africa and Nigeria in particular.\nHis name is Aliko Dangote.\n![Screenshot_20210816-132147_1629116598164.png (https:\/\/cdn.steemitimages.com\/DQmYwDWbjPGWdVLcrU3r6EXfTLdz6spc2a9KxvNiYJxmbeo\/Screenshot_20210816-132147_1629116598164.png)[source (https:\/\/www.forbes.com\/profile\/aliko-dangote\/?sh=485905b222fc)\n\n\n\nEARLY LIFE \/EDUCATIONAL BACKGROUND\nBorn in 1957,<br> Dangote grew up in an entrepreneurial household in Kano State,<br> Nigeria.\u00a0He began his educational career at the Sheikh Ali Kumasi Madrasa,<br> followed by Capital High School,<br> Kano.\nIn 1978,<br> he graduated from the Government College,<br> Birnin Kudu. And further proceeded to the Al-Azhar university,<br> Cairo where He received a bachelor's degree in business studies and administration.\nHaving spent much of his childhood with his grandfather,<br> Dangote quickly became interested in the world of business,<br> once saying,<br> \u201cI can remember when I was in primary school,<br> I would go and buy cartons of sweets [sugar boxes and I would start selling them just to make money. I was so interested in business,<br> even at that time.\u201d\n![images (8).jpeg (https:\/\/cdn.steemitimages.com\/DQmW41yympG7JRpHsmz2CQG8Xvh8TUS7RkyaMjksfqbYoxB\/images%20(8).jpeg)[source (http:\/\/edition.cnn.com\/2010\/BUSINESS\/09\/28\/nigeria.rich.dangote\/index.html)\n\n\nBUSINESS CAREER\nDangote is the CEO of dangote group. It was established as a small trading firm in 1977. Today its a multi million dollar conglomerate with many of its operations in Benin,<br> Ghana,<br> Nigeria,<br> Zambia and Togo. \n\nAfter graduating from\u00a0college in 1977,<br> Dangote managed to convince his uncle to lend him money\u00a0to start a business. The funds from the loan allowed him to import\u00a0soft commodities at wholesale prices from international suppliers. Two of his main imports were rice from Thailand and sugar from Brazil. He then sold those items in small quantities\u00a0to consumers in his village at a lucrative markup.\n\nThe venture quickly became successful and turned into a cash cow. In an interview with Forbes,<br> Dangote claims that on his best days,<br> he was realizing a daily net profit of $10,<br>000. That allowed him to repay his uncle in only three months. \n\nDangote Group has moved from being a\u00a0trading company\u00a0to being the largest industrial group in Nigeria including Dangote Sugar Refinery,<br>\u00a0Dangote Cement,<br> and Dangote Flour.\n![images (5).jpeg (https:\/\/cdn.steemitimages.com\/DQmVsZNirXJgw2QoLMG7dSQqhnLXsQ9E58sZysfbRrJ5kpT\/images%20(5).jpeg)[source (https:\/\/www.google.com\/amp\/s\/www.vanguardngr.com\/2019\/02\/aliko-dangote-now-64th-world-richest-person\/amp\/)\n\nIt has expanded to cover food processing,<br> cement manufacturing and freight. The dangote group dominates the sugar market in Nigeria and is a major supplier to the country's soft drink companies,<br> confectioners and breweries.\u00a0In July 2012,<br> Dangote approached the\u00a0Nigerian Ports Authority\u00a0to lease an abandoned piece of land at the\u00a0Apapa Port,<br> which was approved. He later built facilities for his sugar company there. Today that facility is the largest refinery in Africa and the third largest in the world,<br> producing about 800,<br>000 tonnes of sugar annually.\n![Dangote-refinery.jpg (https:\/\/cdn.steemitimages.com\/DQmPtMedXyeXmQ3wUzmdN4kcd1sgjbiHDrN6tUJk54zHcAg\/Dangote-refinery.jpg)[source (https:\/\/www.google.com\/amp\/s\/nairametrics.com\/2021\/07\/01\/dangote-refinery-on-track-to-be-the-5th-largest-company-in-africa\/%3famp)\n\n\n\nOne intriguing thing about Dangote is that he always reinvest the majority of his profits back into his businesses. This is one of the reason the company has grown so much since its inception. In fact,<br> This birthed my love for him and his company as he's solely focused on the expansion of the business,<br> not only on the profits.\n![images (2).jpeg (https:\/\/cdn.steemitimages.com\/DQmQhV8dgUC3fPVDahG7yNBqNZgDBTiD7Fq3tPHnw2nBw5Z\/images%20(2).jpeg)[source (https:\/\/www.google.com\/search?q=aliko%20dangote&tbm=isch&tbs=rimg:CbcQiLKHUbqhYbWGq5ldLwyJsgIGCgIIABAA&client=ms-android-transsion-tecno-rev1&prmd=inv&hl=en&sa=X&ved=0CBIQuIIBahcKEwiYk_Dxx7XyAhUAAAAAHQAAAAAQCw&biw=360&bih=592#imgrc=WLPfh9XCciwh2M)\n\n\nDuring an interview with Al Jazeera News,<br> Aliko Dangote explained,<br> \u2018\u2018We [Dangote Group are not doing like other Africans who keep most of their money in the bank. We do not keep money in the bank. We fully invest whatever we have and we keep on investing.\n\nAWARDS AND RECOGNITION\n![images.jpeg (https:\/\/cdn.steemitimages.com\/DQmX6dPxGTGaftmgsoFLnv9hnsBu523bhhKjkvQFAxf78sH\/images.jpeg)[source (https:\/\/www.google.com\/search?q=aliko+dangote&client=ms-android-transsion-tecno-rev1&prmd=inv&sxsrf=ALeKk02WYhJP_xzlOszL1qoiKVvHQbfkyg:1629116456276&source=lnms&tbm=isch&sa=X&ved=2ahUKEwin27Hdw7XyAhVk0uAKHeM3AVYQ_AUoAXoECAIQAQ#imgrc=yS8l7VdJAy65pM)\n\n\n\u2022Dangote was awarded Nigeria's second-highest honour,<br> the Grand Commander of the Order of the Niger (GCON) by the former president,<br>\u00a0Goodluck Jonathan.\n\u2022He was also named \u00a0Forbes Africa person of the Year in 2014.\n\u2022For six consecutive years,<br> 2013,<br>\u00a02014,<br> 2015,<br> 2016,<br>\u00a02017,<br> and 2018,<br> Forbes\u00a0listed him as the \"Most Powerful Man in Africa\".\n\u2022In 2014,<br> he was listed\u00a0CNBC's \"Top 25 Businessmen in the World\" who changed and shaped the century.\n\u2022Dangote was cited as one of the top 100 most influential Africans by\u00a0New African magazine in 2015,<br> 2017,<br> 2018 and 2019.\n![images (3).jpeg (https:\/\/cdn.steemitimages.com\/DQmTyqamA7Pv1SsDhixS6SvHFe7tcbd5613SvoKpNVRFC4B\/images%20(3).jpeg)[source (https:\/\/gbc-education.org\/dangote-hosts-un-secretary-general\/)\n\n\u2022In October 2015,<br> he was listed among \"50 Most Influential Individuals in the World\" by\u00a0Bloomberg Market.\n\u2022In 2016 he won the African Business Leader Award,<br> organized by the\u00a0Africa-America Institute\u00a0(AAI).\n![images (1).jpeg (https:\/\/cdn.steemitimages.com\/DQmUCQLcPTCWEsL9BuRLLK5mPqdV7jvLJ43a3SB1MnG3AmA\/images%20(1).jpeg)[source (https:\/\/www.google.com\/amp\/s\/www.bbc.com\/news\/business-27330460.amp)\n\n\nEntrepreneurship is not always about starting a business with a million dollar capital,<br> in fact most successful entrepreneurs started theirs with relatively little capital which had since grown to become multi dollar businesses.\nMistakes most aspiring entrepreneurs do is waiting for massive capital before kick starting a project which is why most intended start ups never becomes reality.\nI want to end by saying that all aspiring entrepreneurs should be committed to their course no matter the challenge,<br> the road that leads to success is commitment.\n\nREFERENCES\n5. CNBC (29 April 2014).\u00a0\"The List: CNBC First 25\".\u00a0www.cnbc.com. Retrieved\u00a023 March2020.\n6.\u00a0\"Aliko Dangote GCON \u2013 Omnia Strategy LLP\".\u00a0omniastrategy.com. Retrieved\u00a022 March\u00a02020.\n7.\u00a0Ilan Bijaoui (2017).\u00a0Multinational Interest & Development in Africa: Establishing a People's Economy. Springer. p.\u00a055.\u00a0ISBN\u00a0978-33-1948-914-8.\n4. Gabriel Edigheji.\u00a0The Entrepreneur Magazine. Lulu.com.\u00a0ISBN\u00a0978-1-105-9093-20\n5. The World's Billionaires: Aliko Dangote\".\u00a0Forbes.com. Retrieved\u00a09 March\u00a02018.\n6. IV,<br> Editorial (4 January 2018).\u00a0\"Birnin Kudu College hails Dangote on projects\".\u00a0Blueprint. Retrieved\u00a015 March\u00a02020.\n7. \"Dangote Sugar Refinery Plc (DSR)\",<br>\u00a0Institute of Developing Economies-Japan External Trade Organization. Accessed 26 November 2015",<br>"json_metadata":" \"tags\":[\"r2cornell\",<br>\"blurtafrica\",<br>\"instablurt\",<br>\"blurtmob\",<br>\"blurttribe\",<br>\"blurtconnect\",<br>\"blurtstory\",<br>\"blurt\" ,<br>\"image\":[\"https:\/\/cdn.steemitimages.com\/DQmYwDWbjPGWdVLcrU3r6EXfTLdz6spc2a9KxvNiYJxmbeo\/Screenshot_20210816-132147_1629116598164.png\",<br>\"https:\/\/cdn.steemitimages.com\/DQmW41yympG7JRpHsmz2CQG8Xvh8TUS7RkyaMjksfqbYoxB\/images%20(8).jpeg\",<br>\"https:\/\/cdn.steemitimages.com\/DQmVsZNirXJgw2QoLMG7dSQqhnLXsQ9E58sZysfbRrJ5kpT\/images%20(5).jpeg\",<br>\"https:\/\/cdn.steemitimages.com\/DQmPtMedXyeXmQ3wUzmdN4kcd1sgjbiHDrN6tUJk54zHcAg\/Dangote-refinery.jpg\",<br>\"https:\/\/cdn.steemitimages.com\/DQmQhV8dgUC3fPVDahG7yNBqNZgDBTiD7Fq3tPHnw2nBw5Z\/images%20(2).jpeg\",<br>\"https:\/\/cdn.steemitimages.com\/DQmX6dPxGTGaftmgsoFLnv9hnsBu523bhhKjkvQFAxf78sH\/images.jpeg\",<br>\"https:\/\/cdn.steemitimages.com\/DQmTyqamA7Pv1SsDhixS6SvHFe7tcbd5613SvoKpNVRFC4B\/images%20(3).jpeg\",<br>\"https:\/\/cdn.steemitimages.com\/DQmUCQLcPTCWEsL9BuRLLK5mPqdV7jvLJ43a3SB1MnG3AmA\/images%20(1).jpeg\" ,<br>\"links\":[\"https:\/\/www.forbes.com\/profile\/aliko-dangote\/?sh=485905b222fc\",<br>\"http:\/\/edition.cnn.com\/2010\/BUSINESS\/09\/28\/nigeria.rich.dangote\/index.html\",<br>\"https:\/\/www.google.com\/amp\/s\/www.vanguardngr.com\/2019\/02\/aliko-dangote-now-64th-world-richest-person\/amp\/\",<br>\"https:\/\/www.google.com\/amp\/s\/nairametrics.com\/2021\/07\/01\/dangote-refinery-on-track-to-be-the-5th-largest-company-in-africa\/%3famp\",<br>\"https:\/\/www.google.com\/search?q=aliko%20dangote&tbm=isch&tbs=rimg:CbcQiLKHUbqhYbWGq5ldLwyJsgIGCgIIABAA&client=ms-android-transsion-tecno-rev1&prmd=inv&hl=en&sa=X&ved=0CBIQuIIBahcKEwiYk_Dxx7XyAhUAAAAAHQAAAAAQCw&biw=360&bih=592#imgrc=WLPfh9XCciwh2M\",<br>\"https:\/\/www.google.com\/search?q=aliko+dangote&client=ms-android-transsion-tecno-rev1&prmd=inv&sxsrf=ALeKk02WYhJP_xzlOszL1qoiKVvHQbfkyg:1629116456276&source=lnms&tbm=isch&sa=X&ved=2ahUKEwin27Hdw7XyAhVk0uAKHeM3AVYQ_AUoAXoECAIQAQ#imgrc=yS8l7VdJAy65pM\",<br>\"https:\/\/gbc-education.org\/dangote-hosts-un-secretary-general\/\",<br>\"https:\/\/www.google.com\/amp\/s\/www.bbc.com\/news\/business-27330460.amp\" ,<br>\"app\":\"blurt\/0.1\",<br>\"format\":\"markdown\" " | | comment_options | "author":"zami2",
"permlink":"inspirational-story-from-successful-people-in-entrepreneurship",
"max_accepted_payout":"1000000.000 BLURT",
"allow_votes":true,
"allow_curation_rewards":true,
"extensions":[ |
|