@ubonanalyst Former internal control officer here, we used to do GL reviews first thing every morning. First thing we were taught to do. Flag and escalate exceptions immediately.
Those were his exact words, but the caption strips out the context. Watched the full interview and his point was really that it is far easier to sit on the investor side of the table than to actually build, operate etc and take the punches that come with creating a company. And honestly, I think he’s right.
the real reason you’re tired all the time: it’s not your workload. it’s your open loops. the text you haven’t answered. the apology you owe. the decision you’re avoiding. the conversation you keep postponing. these run in the background of your mind all day, draining your battery. close your loops. watch your energy return. mental clutter is more exhausting than physical work ever will be.
Asking a startup founder on a TV show what WACC is doesn't sit well with me at all.
i understand that investors want to assess a founder's competence, but throwing advanced accounting and corporate finance terms at someone who is simply seeking investment raises serious concerns about what is actually being evaluated.
When we watch Shark Tank, the focus is rarely on whether a founder can define technical terms like WACC, CAPM, or even explain every finance acronym off the top of their head. The discussion is centered on the business itself, its problem, solution, customers, traction, unit economics, scalability, execution, and the founder's vision.
A founder's primary responsibility is to build, execute, recruit great people, understand the customer, and create value. Deep technical accounting or corporate finance expertise can always be brought in through CFOs, finance teams, advisors, auditors, or investment professionals. That's why companies hire specialists.
If the purpose of a pitch show is to identify businesses with potential, then the questions should reveal whether the founder truly understands their market, knows how to acquire customers, can execute their strategy, and has a realistic path to building a sustainable company, not whether they can recite textbook finance definitions under pressure.
The world's best founders aren't necessarily the people with the strongest academic knowledge of finance. They're often the people who can identify a real problem, build a solution that customers love, and assemble a team capable of scaling it.
Investment should ultimately be about backing talents and exceptional execution, not turning a pitch into an olympiad accounting examination.
@vannjonn This is the major bottleneck rn. But tbf, those cars are imported in good condition, not needing major maintenance apart from routine oil & filter change for >3 years
If I ever hear anyone say Salah cannot play. Reducing him to some G/A merchant with no overall play is very disrespectful. Don’t ever try it again.
That’s a supreme IQ footballer, which is also why he gets all those G/As.
@AnythingNRS@NigeriaRevenue
You need to fix up your system. Been trying to add assets since morning, no avail. Now I cannot even login for almost 45 mins now.
Rev360 has to be the worst site ever mehn., even worse than NYSC website.
Too many bugs, too many issues, just making work so tedious than it needs to be.
In 2019, a Nigerian man called Gerald “Sunny” Okafor died in a Japanese detention center after a 4-week hunger strike. Detained for immigration issues, he begged to be sent home, but the Japanese authorities refused.
The Japanese are extremely hostile to Africans.