Afrigather
Abdul Samad Rabiu is the founder and chairman of BUA Group, a serious Nigerian conglomerate concerned in manufacturing, infrastructure, and agriculture, producing over $2.5 billion in income.
He additionally serves because the chairman of the Nigerian Financial institution of Trade (BOI). BUA Group has pursuits in numerous sectors together with cement manufacturing, sugar refining, and actual property.
In early January 2020, Rabiu mixed his personal firm, Obu Cement, with Cement Co. of Northern Nigeria, which he managed, to kind BUA Cement Plc. This firm is now listed on the Nigerian inventory alternate, and Rabiu owns 98.2% of it. He additionally owns 95% of BUA Meals, a publicly traded meals conglomerate.
Listed below are 5 vital approaches that formed Rabiu’s superb profession, providing a information for individuals who wish to achieve success in enterprise.
1. Be Decided to Make a Distinction
In enterprise, difficult the same old manner of doing issues is vital. Rabiu didn’t succeed by following the gang. He at all times questioned established strategies, appeared for brand new options, and dared to go the place others wouldn’t. He as soon as mentioned:
“I’m quiet however very cussed. If I need one thing, I’m going for it, and if I don’t need it, no quantity of strain will make me do it. Being cussed is typically seen as conceitedness, however I don’t assume I’m an conceited particular person.”
2. Plan and Develop Rigorously
Rabiu’s firm, the BUA Group, didn’t turn out to be huge in a single day. Its development was because of cautious planning and good enlargement. Rabiu shared:
“We began with oil in Kano. We have been processing crude palm oil to refine it. We have been additionally getting peanuts from Kano, crushing and processing them. It was enterprise on the time as a result of it added worth, and folks weren’t used to including worth to something in any respect they have been importing every thing.”
3. Delegate Duties Properly
Regardless of how arduous you’re employed, you may’t deal with each a part of a rising enterprise by your self. Rabiu understood the significance of surrounding himself with succesful folks and sharing duties. This not solely ensures issues run easily but in addition permits leaders to concentrate on larger objectives. By constructing a robust crew, he was in a position to develop his companies successfully.
4. Be Able to battle for Your Enterprise
The enterprise world is stuffed with challenges, and surviving usually means being sturdy and decided. Rabiu emphasised:
“In the event you don’t battle again or if you’re weak, you’ll by no means survive. You must perceive that this isn’t private however enterprise, and you need to hold combating. After they see that you’re combating and never giving up, then they let go.”
5. Shield Your Enterprise Pursuits
Attaining success isn’t nearly making the correct strikes it’s additionally about safeguarding your belongings and pursuits. Rabiu highlighted the significance of authorized protections, understanding the foundations, and ensuring your enterprise operates inside the regulation. He informed a private story:
“I knew that we had powerful competitors from individuals who had factories, they usually weren’t proud of the federal government giving us the license as a result of they have been making a lot cash and didn’t need anybody to enter the enterprise. They have been doing every thing to frustrate the method. Realizing there can be an issue, I went again to Nigeria, sought an appointment to satisfy the president, who granted me an viewers, and I defined every thing to him.”
