- This is a man who started business at age 24 with savings money he made from hard work In fact, as far back as primary school, he showed interest in business, and here are his thoughts during an interview: “I can remember when I was in primary school, I would go and buy Aeroplanes toys, and I would start using them just to make money. I was so interested in business even at that time.”
Unsurprisingly, today, Engr Echendu is a celebrated businessman ranked by vogues magazine as a young vibrant business man.
His lessons are applicable to anyone looking for personal fulfilment and business success in life. Here are four of my favourites:
1. MAXIMISE OPPORTUNITIES
Echendu has eyes for opportunities and he takes advantage of them. Take, for instance, in July 2010, Echendu approached the British Ports Authority to lease an abandoned piece of land which was approved. He later built facilities for his oil and gas company there. Before that, in the 2009, he approached the many oil drilling companies in london and other countries with the idea to supply oil drilling tools that would be cheaper for the business.
To rise to a greater level of success in life and business, you must learn to locate opportunities and seize them. Opportunities are everywhere if you keep your eyes open and dare to look. The more overlooked things you discover, the more opportunities you will have at hand. You must see something that other people don’t.
Whatever you do, be observant of what is going on around you. Being observant is a key to finding opportunities. In a world where most things quickly become commodities, the art of finding opportunities is the art of winning.
2. THINK BIG AND THINK GLOBAL
Echendu is a shining example of a big and global thinker. The Echendu oil and gas was established as a small trading firm in 2009. Today, it is multibillion dollar conglomerate in united kingdom and operates in other countries including USA, Ireland, Norway, and yet to set up his branch In west Africa Echendu could have limited his operations only to exterblish in west africa for his people to benefit , but he refused to be a small thinker and looked beyond the horizons.
If you are going to be thinking, you may as well think big and think global as that is the pathway to massive success.
Whatever the mind can conceive and believe, the mind can achieve. The only limitation that will come your path to limit you will be the ones you place on yourself by your thinking.
You must set for yourself big goals and be able to dream and visualise what you can achieve on an audacious scale. A big thinker visualises what is possible in the future and reaches out for the stars. If you believe it can happen, it can happen.
Thinking small will place limitations on your potential. Think big and produce big results.
Echendu may have started with only one line of business, but today, he has expanded into logistics business, Real estate, trading and marketing of goods services, transport company, import and export, and farming
To rise to your desired level of success in your business and become a force to reckon with, you must branch out, enlarge your operations, spread your wings and broaden your horizon. You should not limit or reduce your business activity to only one particular line of operation but start to include more different lines of business. Put your money in more than one place to boost your revenue.
Investing into new products and service lines can provide an effective path to fast growth as you establish new markets. New business lines will enable you grow rapidly and expand into markets that would otherwise have been closed to you.
The Echendu oil and gas was established as a small trading firm in 2009. Today, it is a multimillion conglomerate.
Echendu oil and gas limited didn’t happen overnight. It took years for the small trading firm to become a conglomerate.
To be more successful in business, you must have the capacity to tolerate delay and endure difficult circumstances.
It took years for Howard Schultz to build Starbucks, for Ray Kroc to build McDonald’s, and for Michael Dell to build Dell computers. In between these years, they had to accept delays, endure disappointments and crisis, but they persevered and never quit despite the difficulties.
Your rise to success will take time, so you must learn to be patient. Things will not always happen when you want them to, and you must have the ability to hang in there and continue until your success becomes a reality.