Browsing: business

If you’re reading this, there’s a very good chance you’re already familiar with the acronym ESG. Standing for “environmental”, “social”, and “governance”, it’s a constantly evolving standard that emphasises the importance of doing business in a way that positively impacts the environment, society and stakeholders. In essence, it’s the idea that companies can grow and profit while doing good and it encourages businesses to be more transparent about how they add to or create value for their society, community and/or stakeholders. 

The signing of the energy sector bill into an Act completed the liberalisation of the two key sectors that propel businesses in Nigeria. The power and energy sectors’ privatisation and liberalisation in the same year means the costs of doing business is fundamentally altered.

As I mentioned three weeks back, when a business idea first occurs in the mind, it may appear so awesome and perfect to the extent that you want to run with it immediately. But when some other ideas occur to you later, the first idea may no longer command great appeal and you may no longer be passionate about it. You need to therefore learn how to generate basket of ideas before choosing the one you want to run with.

This is the best time to take risks. The most successful men take the highest risks. No risks, no net-breaking returns. As in business, so it is also in spiritual matters. Even at this time of uncertainties, the wise ones are quietly investing and buying up companies, shares, interests and risks. One told me last time that this is the best to time invest and buy. When some are there holding back and complaining, others are braving it by casting their bread into the water.