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Wednesday, May 29, 2024

From Desk of Business Magnet and Philanthropist Tony Elumelu

By Suoyo Ekubo 

A renowned Nigerian businessman, CEO of United Bank of Africa UBA and other conglomerates Tony Elumelu, has recounted partnerships as a veritable strategy for business capacity development and growth.

Elumelu highlighted the need for business owners to partner with people who share the same business philosophy.

He said, “In my experience as an entrepreneur, I will say that partnerships are crucial for business success. However, it must be said that partnerships are hard in this part of the world. And because partnerships are hard, you and your partners must commit to ensuring that the partnership succeeds.”

“There can be a lot of distractions in business so ensure you go into partnerships with people who share the same business philosophy, ideals and views as you. If like me, you are a longterm thinker, do not go into a partnership with people who focus on the short-term GAINS. There must be alignment and a common goal WITH YOUR partners.”

“Business is tough but through FOCUS, SACRIFICES, hardwork, discipline, and a bit of luck you will succeed on your journey!,” Elumelu shared this in a social media post.

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