Dear Hustlers,
Private Equity is one of the fastest ways billionaires create wealth, yet most people never learn how it works.
In 2007, Blackstone acquired Hilton Hotels in a deal worth about $26 billion.
They spent years improving operations, expanding the brand globally, and increasing profitability.
When Hilton returned to the stock market, Blackstone gradually sold portions of its stake over several years, ultimately generating tens of billions of dollars in value from the investment.
Now imagine the same model in Nigeria.
Buy a private school for ₦70 million.
Invest ₦50 million in new classrooms, a computer lab, school buses, better teachers, and marketing.
Enrollment grows from 400 to 1,500 students.
Five years later, the school is valued at ₦950 million.
Or buy a neighborhood restaurant for ₦18 million, renovate it with ₦30 million, expand to three branches, and sell it for ₦650 million.
Or acquire a small bakery for ₦50 million, improve production and distribution, and later sell it for ₦350 million.
That's private equity.
Buy.
Improve.
Grow.
Exit.
The biggest fortunes are not built by trading businesses.
They are built by transforming businesses into more valuable assets.
Are you learning?
@DemolaRewaju In 2019, the opposition zoned the party ticket to the same North as the incumbent. So why wasn’t all these logic applied, “you don’t zone what you don’t have” “you have to pick a candidate from opposite side of the incumbent”
@DemolaRewaju The authenticity of history is at the mercy of who’s writing it they say. Good analogy you have put out, however you skipped 2007, 2011 and 2019 maybe because it didn’t align with your logic. In 2007 Buhari from even the same state as the candidate from the ruling party ran
@KvngTRox@FinPlanKaluAja1 You seems not to understand the point. Ok, it was not intentional, why uploading the video to the public, that’s the question. The video would only be necessary in court when the evidence is needed and the nude part could be edited out.
@HAHayatu Has the Southeast not supported the North and other regions in PDP enough before now? At what point should their support be acknowledged by the “North” and other regions?
@emmaikumeh It was still you and your Atiku boys that were parroting the propaganda that Atiku contested only because PDP refused to zone the ticket to the southeast, that he agreed not to contest if only it’s zoned to Southeast. The truth is revealing itself
This morning, I want talk about Performance Management in the Public Sector. I will define Performance Management as a systematic process to improve personal, activity, programme or organisational achievement by setting goals, monitoring progress and evaluating outcomes.
For the notion of managing performance to have any meaning, you must be comparing it with a stated mandate or some predetermined outcome. Many public sector organisations deviate from their stated mandates and start chasing revenue and encroaching on the mandates of others once they see there is money there.
Quite often, we also don’t measure the performance of activities and projects. Like asking “How did the last recruitment exercise go against our original plans? Where we measure, we don’t evaluate. So, “We’ve dug all these boreholes. Do they have water in them a year later? Are the intended beneficiaries using it or was it not what they needed or was it even cited in the wrong place. What have we learnt?” We tend not to ask these questions. We just want to make a big announcement, cut a tape and take pictures. On to the next project.
The targets that are set must relate to the mandate. If the mandate is no longer appropriate or relevant, change it by going to the National Assembly to amend the Establishment Act.
In the private sector, the overriding measure of performance is profit. It doesn’t matter how you dress it up, people go into business to make money. You must make money for the owners and shareholders of the business.
In the public sector on the other hand, performance is notoriously difficult to measure. It is not just about profit. You need a complex mosaic of indicators. You have to balance national interest, social cohesion, ethnicity, gender, disability, public health and safety, etc.
The private sector people will tell you “All they need is KPIs.” KPIs in the public sector is not like the ones for selling soft drinks where the more you sell, the better your performance. You don’t have to worry about your product rotting the teeth of children and the more people that are addicted to your sugary drinks, the better for you.
In the public sector, you are dealing with things that are difficult to put numbers to in the way that you can put numbers to profit. There isn’t just a bottom line. There are several bottom lines. As Einstein once said, “Not everything that can be counted counts and not everything that counts can be counted.
Evaluating public sector performance requires striking a balance between Inputs (human and financial resources given to the organisation), Outputs (what they deliver for the resources provided to them) and Outcomes (the overall effect of those things they delivered on the wellbeing of the populace).
End of free lesson. If you want more, you’ll pay.
I am Ezemmuo. I know things. 😊
#NaijaKnowledgeX
@emmaikumeh Did he accuse LSG of being behind the demolitions? He was only questioning who was behind the demolitions, asking the people he met there who sent them or which court order do they have.