On BU$I₦£$$ DIG£$T this morning, January 6, 2022
*BUSINESS LESSONS FROM 2021* Part 4of5
The year 2021 had alot of lessons for many of us in the business space in Nigeria and of course having picked the lessons, I will be sharing some of them this week.
*Lesson No. 4*
Never depend on Government deals as your main or only stream of income.
In 2021, not like I didn’t know, but it was even clearer that payment from Government jobs no matter how small or huge can be delayed for genuine or even no genuine reasons of which you can’t do anything about, but it is important you know how this works.
Just imagine after being paid a percentage to start a job and here you are still waiting for balance after completion long ago with several followups? Let me advice, don’t even plan with the balance you are expecting, you will be shocked to your marrows that that money will not be paid as you expected.
Another thing with Government deals, even when you have gotten The Executive Governor’s approval and it gets to the Accountant General’s desk, don’t think it will be paid expeditiously, alot of payments were on queue before yours, so planning solely with such is not advisable at all. Come and ask me how long some of us have been waiting.
It was indeed a practical learning curve for future deals.
_If you learnt anything from this, kindly share with someone out there._
_*Dr. Emmanuel Idenyi Shaibu*_
_animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE_
The Millennium Entrepreneur!