The other day i was arguing with someone about how books like 'Rich Dad, Poor Dad' are foolish to Nigerians at large.
One of the points i raised was that financial literacy cannot cover for systemic failures.
This is a prime example of the statement: “you cannot out-hustle a bad system.”
Imagine a loan was taken for this.
seeing this poultry farmer lose thousands of chickens to the lagos flood made me reflect on something very important
pay attention;
if you were starting a business in africa, you shouldn’t start with a product. you should start with a system failure cos africa is not poor, africa is just poorly optimized.
we don’t just have business problems, we have infrastructure problems, logistics problems, drainage problems, electricity problems, insurance problems and trust problems. this farmer didn’t lose cos people stopped eating chicken, demand is still there. the loss came cos a broken system turned a natural event into a financial disaster.
this is why i keep saying the biggest opportunities in africa are not always in what people buy. they’re in fixing the friction that prevents businesses from surviving and growing.
anyone can sell a product but few people build systems that make products reliably reach customers, protect businesses from avoidable losses and create trust at scale. the entrepreneur who solves those system failures doesn’t just build a company, they build an economy around themselves.
learn something. save, bookmark and share with other entrepreneur, buena suerte 👍
My first book is officially out on Amazon.
Power, The First begins The Dagen Chronicles, a gripping blend of fantasy and sci-fi, steeped in political intrigue, desperate battles, and the ultimate tragedy of human nature.
Start the journey here: https://t.co/TTqFspzhoX
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