Aliko Mohammed Dangote,Africa`s richest man comes from the northern part of Nigeria, precisely Kano state. He was born on the 10th of April 1957 into a wealthy Islamic polygamous family. Started his life as a trader of cement after getting a loan of 500,ooo Naira from his wealthy grandfather to start the cement business. The loan which he has converted into billions of dollars through his zealous entrepreneurial spirit and has attracted the deserving title to himself as the richest man on the African continent. There is no doubt that there is a lot to learn from this great entrepreneur Africa has known. pushing from the popular quote that says “if you want to be rich and successful, observe what the rich are doing and do the same.” so here are few lessons to learn from this genius entrepreneur.
1. Being focused in what you doing no matter the challenges.
Africa`s richest man, Aliko Dangote is a good example of a focused person. Focus which is one of the attributes and qualities of successful people, should be a quality every one and anyone who desires to reach success should possess. Dangote remained focus in business even when the policies of the government of the day was not favourable to him.he never loosed focus or discouraged in what he was doing, which is one advice he gives to young entrepreneurs to always remain focused notwithstanding what the situation confronting you might be.
2. being Consistent
Dangote never ceases to advise the young ones to always be consistent in the area of business they have chosen. His success which he said never came over night.He said in one of his speeches that it took him 30 years to be where he is today. so he teaches the younger ones who wish to be like him to always remember that success does not come overnight.it requires patience, hard work and being focused. “Start small and dream big“ he advises
3. Do not be afraid of taking risk or making mistakes
Another great lesson to learn from richest black man is never be afraid of taking risk or making mistakes if you really want to be successful.Every successful person is a risk taker. It is real entrepreneurs that see opportunities in very risky areas. Likewise is making mistakes.do not be afraid of making mistakes because mistakes contribute to making a person stronger and effective.
4. Sell very cheap but give quality.don’t kill the competition
Aliko Dangote always emphasizes on the need to sell very quality products at cheap and affordable price. Doing this as an entrepreneur increases your customer`s loyalty to you.Always show respect to competition Dangote advises. “Don’t kill the competition. Competition is healthy for businesses. It keeps you the entrepreneur on your toes.” – Aliko Dangote
We hope this lessons will go along way in adding value to you, that entrepreneur aspiring greatness.