MATERIAL IMMORTALITY AND THE ADVANCEMENT OF ENTREPRENEURSHIP | Business Tip

MATERIAL IMMORTALITY AND THE ADVANCEMENT OF ENTREPRENEURSHIP

But for the presence and relevance of companies such as the Habib Bank AG Zurich, the Folawiyo group, Transpaco, Siemens, Kewalram Chanrai group, Ghabbour Autos, Dantata Investments, and many others; names such as Habib Esmail, Iyanda Folawiyo, Sam Abelheim, Werner von Siemens, Jhamatmal and Thakurdas Chanrai, Kamal and Sadek Ghabbour, Alhassan Dantata, would have been long obliterated from the collection of people stored away in our memory banks. Individuals in their numbers, families and even whole communities still owe their existence and daily survival to the daring entrepreneurial strides of these iconic plungers.

 

Their names not only introduce the history scripts of their companies, but their vision, values and the cause they pursued, still influence the very nature of how business is carried on by these companies. The vision of the Ghabbour brothers at the start of their automotive trading company over 60 years ago still forms the bedrock of Egyptian GB Auto’s corporate quests. Now one of the Middle East’s largest auto manufacturers, the foundation they set is vivid and their influence lingers.

 

Daily as these corporations open to business, the memory of their founders will continue in the minds of their beneficiaries and generations to come. In 2008 alone GB Autos maintained 5,500 employees and contributed over (Egyptian pounds) LE100million in taxes. To say they have achieved immortality is certainly not out of place.

 

Albeit rarely pursued with deliberateness, ‘Material immortality’ – which describes a man’s continuous relevance even after exiting mortal world – is a desire for many. Entrepreneurship is one potent way this is achieved. Treading the many a time torturous path of entrepreneurship anchored by the values of discipline, self sacrifice, deferred gratification, deep insight, knowledge and an untamed desire to succeed would usually berth this ship of continuous impact.

 

Entrepreneurship however, isn’t just about securing your name a place in corporate history books or is it primarily a tool for attaining material immortality, but it is actually a cardinal contributor to the progression of society through the value its consequent products and services create.

 

The survival of modern capitalist economies is underpinned by the survival and continuous relevance and productivity of private corporations. They are at the very heart of the economic cycle of wealth creation and distribution, keeping people employed, families intact and society running. The cataclysmic effect of the global economic crisis discloses the effects when this group is left in jeopardy; massive job losses, crumbling economies, depreciating human and material value, frustrated people, edgy peace and a society perpetually at the brink of an eruption.

 

The initiation of new enterprises has therefore always been strongly recommended as a reliable route to finding solutions to problems, creating wealth for people, expanding the avenues for continuous value delivery and building self sustaining economies.

 

Travelling by road around Nigeria, it becomes palpable how individual prosperity remains the pillar upon which social and economic change of Nigerian states rest. The nature of the business practices carried out reflects in the prosperity of the state and the quality of its real estate. Hence entrepreneurship should be encouraged and promoted while real attempts at helping petty business persons grow and build their businesses into significant corporations are initiated. Entrepreneurial knowledge need be expanded to include the process of systematization and self sustenance to build more of such corporations that out lasts its founders and continues to add value to the economy.

 

The entrepreneur who has contributed one company is worthy of note let alone one who has not only created one company but has, by careful planning or just  instinctive genius, ensured its survival and continuity beyond himself.

 

Sanyaolu Kehinde and Taiwo aka Stakes are the Founders of Stakes Capital Ltd and its research subsidiary International Corporate Research, the Stakes are business and investment aficionados with an enviable research knack. They are self trained experts in the rudiments of investing and the fundamentals of equity investing.

Research analysts of repute, the ‘Stakes’ have a natural talent for research and training and have provided solutions to clients of all classes in model design, developing evaluation frameworks, corporate assessment, industry benchmarking and project impact assessment.

They are the authors of numerous published articles and research reports which cut across diverse sectors and countries on the African continent and are driven by a purpose to ensure the creation, promotion and distribution of knowledge in all fields of endeavor with a bias for entrepreneurship and personal finance.

They have a firm belief that a revolution can only come to a nation if and only if there is a people revolution (a change in the mental state of its people).

The ‘Stakes’ are also very compassionate businessmen who believe that wealth should be used to pursue just causes. They have an obsession for clean environments and received the maiden award of the Centre for Values in Leadership club member of the month for their contributions towards cleaning up of dirty communities in Lagos, Nigeria.

They are both members of the International Age of Character Clubs of the University of science and philosophy, USA

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