How To Prevent Going Back to Broke

How To Prevent Going Back to Broke

ENTERPRISE54 – A dear friend and technology entrepreneur started a Facebook thread on preventing going back to broke, which I found quite enlightening and thought to share on this platform. On hitting profits or securing multi-million dollar investments, many entrepreneurs assume success is finally within their grasp and begin living a lavish life. Sadly, nothing

ENTERPRISE54 – A dear friend and technology entrepreneur started a Facebook thread on preventing going back to broke, which I found quite enlightening and thought to share on this platform. On hitting profits or securing multi-million dollar investments, many entrepreneurs assume success is finally within their grasp and begin living a lavish life. Sadly, nothing could be farther from the truth.

Celtel founder and Zimbabwe’s richest man Strive Masiyiwa recently posted on his blog:

“As a young business person, it took me about 10 years to realise that it is harder to hold on to money, than to make money.”

Sadly many people never actually realise it, throughout their business life or even career. No wonder many seemingly successful growing companies crash out of business!

The Facebook discussion pasted below flows between several leading young Nigerian entrepreneur including Morakinyo Mo Beckley, Oluseun Onigbinde and Sola Kuti. Views expressed are those of the authors but I’m convinced readers would infer lifesaving lessons from this discuss.

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Do join the conversation. Comment to share tips on how to grow sustainable wealth and prevent going back to broke.

Adegoke Oyeniyi
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