OWNING 100% OF NOTHING

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It is in our nature as human beings to always be in control and ownership of everything we want, be it our businesses, our families, our life and at times even other people's life. But the truth is, being fully in charge of something does not guarantee that it will do well regardless of how smart or intelligent you think you are and a good example is owning a business you started yourself.

You see, anybody can be an entrepreneur, it just depends on what you want to do, for example if you set up a small store where you buy and sell to customers or you render services of different kind to different people based on their demand and also based on your specialty , it can also be finding creative solutions to problems. As your business grows and expands, it's logical to employ more workforce, as well as have a team of well trained professional to handle diverse section of the business in other to ensure smooth sailing of the business. Investors are also very important to a business in other to help scale it exponentially as you reduce the risk and setbacks of not having enough cashflow to run the business.

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But often time's, we Nigerian's or let me say Africans has this mentality of wanting to own everything since we are the founders of the business, yes it's not bad to hold on to 100% shares of your company but that depends on the type of business and also if you don't plan to expand it, because the bigger you grow, more decision making will be required, legal problems and so many more. According to Vusi Thembekwayo a South African entrepreneur, investor, businessman and speaker, he said "you can have a 100% of the business, 100% of the decision making, 100% of the legal problems, 100% of the headaches, 100% of the stresses and you will die broke".

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You can never be a CEO of a one man shop, and why is that, it's because as a CEO you must have others under you or those that you work together with, because the Chief Executive Officer CEO title that you carry means that there are other executive officers in the business/company. He made a sentence while addressing a large group of people during a conference and he further went ahead to say and I quote "every entrepreneur will exit their business" in the sense that one day, you will definitely exit your business even if you are the founder of that business and the only question is what will that reason for the exit be

For most of our Black African people who have the mentality of if it's not me in charge and controlling everything, then nobody else deserves it, our most obvious exit from our business is often dead and when that happens, the business as a whole tend to fall apart because there was never a team or investors that were holding onto some percentage of shares that will make them give in their best so that the business will continue to thrive even after you are no more.

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Be smart and wise when you run a business, you must not own 100% of everything to prove your point as the owner, rake in investors who are willing to share the risks and profits with you as well as build a team of professional minds who have equal zeal and yearning to see the business grow and delegate responsibilities to them to handle.

So what's your take on this, guy's? Let us know in the comment section