Nigeria\u2019s richest man, Aliko Dangote, has bemoaned the complacency and the lack of introspection that creep into the mind of business owners the moment they start making profit from their enterprise. <\/p>\n
He admonished business owners especially in Africa not to take their feet off the pedal of success in their business and they should remain steadfast and focus because the vagaries of entrepreneurship could upend one’s business successes. <\/p>\n
Dangote spoke during an interview with Business Insider Africa and published recently on the Tonyelumelufoundation\u2019s verified Instagram account. <\/p>\n
He also revealed that while some of his staff have houses abroad which they use as holiday homes, he has none.<\/p>\n
He said: \u201cA lot of people even the younger ones, we need to be very careful because one of the biggest issues. With us Africans, it is that we spend our projected incomes.<\/p>\n
\u201cOnce you start doing business and the business starts doing well, rather than for you to keep investing into the business, you start spending money and thinking that the profit will continue to come. There are ups and downs in business so you need to be very focused and say \u2018Okay fine what do you do and how to do those things.\u201d<\/p>\n
The businessman further advised that acquiring luxurious things could be a distraction.<\/p>\n
Citing himself as an example, Dangote stated, \u201cLuxury things \u2014 they also take up your time which will not make you focus on your business. I mean, I don\u2019t have any holiday home anywhere; I don\u2019t have a house anywhere but I know people who are working for me, they have a house in London. But I don\u2019t.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Nigeria\u2019s richest man, Aliko Dangote, has bemoaned the complacency and the lack of introspection that creep into the mind of business owners the moment they start making profit from their enterprise. He admonished business owners especially in Africa not to take their feet off the pedal of success in their business and they should remain […]<\/p>\n","protected":false},"author":39,"featured_media":265899,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[3582,5323,38259,67533],"class_list":["post-277637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-business","tag-dangote","tag-elumelu","tag-luxury"],"yoast_head":"\n