The Entrepreneur

By Luke U Ubani

A consideration of the mindset and skills required for the entrepreneurial management of one's life and career, and an introduction to the exerietial education certification of UMUNNAWUIKE EDUCATION FOUNDATION COLLEGE.

• Language: English
• Publisher: UMUNNAWUIKE EDUCATION FOUNDATION COLLEGE
• Release date: Mar 31, 2021
• ISBN: 9781527290624

Book preview

1

THE ENTREPRENEUR

by Dr. Luke Umunna Ubani

© Copyrights 2021 by Dr. L. U. Ubani

Published by UMUNNAWUIKE EDUCATION FOUNDATION COLLEGE

ISBN: 978-1-5272-9062-4

© All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any mesas of electronics, mechanical, photocopying, recording and otherwise without the prior written permission of the author or the publishers.

Printed and bounded in the United Kingdom by Anglo-African Cultural Society, 284, Heath Way, Dagenham, Essex RM1O SQA and distributed by the Universal Centre of Mind Regeneration Education Academy.

DEDICATION

This book is dedicated to Alhaji Aliko Dangote, MFR, GCO the president of Dangote Group-the authentic African entrepreneurial role model of all times. I also dedicate this book to Chief 0key Emereoyne the Managing Director of Keystone (UK) Limited and my son Ugochukwu.

FOREWARD

I am writing to congratulate Dr. Ubani for his effort in acknowledging the MD of Dangote Group-Alhaji Aliko Dangote as a renowned Entrepreneurial Role Model. Dr. Ubani has written and published many books in various fields including the Human Relations Management in hospitality and tourism in Africa. But this very book is, indeed, exceptional!

The projection of Alhaji Dangote as the world’s African best Entrepreneurial Role Model of all time, is indeed, commendable! This book should be read by every entrepreneurial manager and experts in all businesses. This phenomenally successful African business giant, has challenged and provoked the motivating spirit in all of us throughout the world. The CEO of Dangote Group has set standard measure for all of us in business to follow.

The program of Experiential Education Certification expressed in this book is one of the best things that could happen to any group of work force as this will add to their personal pride and motivation.

Dr. Emmanuel Ezeugwu

Professor of Engineering Systems

Faculty of Engineering,

South Bank University, London England.

PREFACE

Writing a book of this nature not only poses great challenge to me but also provokes an intrinsic joy within me to be able to draw an inspiration from the most successful African on earth. Alhaji Aliko Dangote success is extraordinary in the history of entrepreneurship in Africa and the world in general.

This book should be read by all who aspire to entrepreneurial business throughout the world. Yes, you may say that the initial contract granted to him during the period of Military era in Nigeria offered him the wider opportunity but how many of us could have expanded to his present-day magnitude? In fact, my deduction from all that has been written about Alhaji Dangote including his biography is that he is in the main a self-made man! His success is commendable. As a role model, he has shown us the light but finding the way is our own responsibility.

Dr. Luke U. Ubani.

ACKNOWLEDGEMENT

In this book I have presented the DCO of Dangote group as the Role Model Extra-Ordinary in modern time. I am grateful to all the previous writers who had presented the portrait and profile of this special Nigerian black African.

My special thanks go to Chief Chris Emereoyne the Managing Director of Keystones (UK) Limited for his encouragement and visionary attention in the writing of this book. I also wish to thank the following people:

I must thank Moonhood Ademola Fayemi and Margie Marie Neal, for writing of the Biography of this Richest Black Person in the world-Alhaji Aliko Dangote. I must also extend my gratitude to my publishers for their utmost encouragement for this book. Finally support in the production of this book, my thanks go to Mr. Tim Ejeta for designing the cover of this book.

CHAPTER ONE

The Role Model

1.1. Introduction

1.2. His Humble beginning

1.3. Touching life Activities

1.4. His innate Qualities

CHAPTER TWO

The Elements Very Essential for Successful Entrepreneur

2.1. Defining Entrepreneurship

2.2. Personal characteristics

2.3 Leadership and motivation

2.4 Practical Functional skills and dexterity

2.5. Food for thought.

2.6. Practical Functional skills and dexterity

2.7. Five essential skills for today’s entrepreneur

2.8. Ability to see things through.

CHAPTER THREE

The Arts of Managing Self

3.1. Introduction.

3.2. The effects of self-behaviour.

3.3. Poor dieting habit and unbalanced nutrition.

3.4. Psychologically defined of-self.

3.5. Emotion and the effects.

3.6. The effects of emotions on wellness.

3.7. Emotional hunger calls for emotional nourishment.

3.8. Emotional Nutrients.

3.9. Effects of emotions.

3.10. Stresses-Emotional Nutrient.

3.11. Emotionally hungry parents.

CHAPTER FOUR

Health and Well Being.

4.1. Introduction

4.2. Heart Problem

4.3. Obesity as medical condition

4.4. Obesity-associated morbidity

4.5. Diet and obesity

4.6. Genetics of obesity

4.7. Social determinants of obesity

CHAPTER FIVE

The Entrepreneurial Experiential Education Certification Program

5.1. The aims and objectives of the program

5.2. The purpose and benefits of the certification Program

5.3. The definition of an Entrepreneur

5.4. An alternative method of gaining professional certification:

5.5. An assembly of certified professionals on conference

5.6. The difference between management and entrepreneurship

5.7. The Characteristics of an entrepreneur

5.8 The six principal Entrepreneurial skills.

5.9. The summary

CHAPTER SIX

An Overview of The Professional Certification.

6.1 Certification characteristics

6.2Principciples of the certification

6.4 Professional competence and Performance

6.5Responsibilities

6.6 Specific or business-related Entrepreneurial skills.

CHAPTER ONE

1.1. Introduction.

This book is about the modern entrepreneurial education and learning in the world in general and African in particular. During the independence struggle in what was then called Rhodesia, (modern Zimbabwe) the then Premaster Mr. Ian Smith declared UDI-Unilateral Declaration Independent and said: (I quote, ‘’one man-one-vote in this country’’ will never happen in my lifetime). But few years after that, his wish came to no avail. Another example was when Nelson Mandela under the umbrella of ANC, dedicated himself to bringing about a historical change in the government of South Africa in 1989. You see, wonders shall never end! In the beginning of the enslavement of Africa and the Africans, the question was can anything good come from Africa? Today, we are witnessing that the answer to this negative pessimistic question is a capital Yes! There are many examples to typify this.

On the point of our learning at various business schools of the world our attentions were always directed towards the Western Management Experts. But in modern time, a wind of change is blowing towards Africa among the Africans. The following is a typical example of this change:

Alhaji Aliko Dangote (Born 10 April 1957, in Kano, Nigeria) is a Nigerian self-made business magnate, with an estimated net worth of $20.1 billion USD as of March 2013. Based in Nigeria, he is the owner of the Dangote Group, which has interests in commodities with operations in his homeland and several other countries in Africa, including Benin, Cameroon, Togo, Ghana, South Africa, and Zambia.

Our aim for presenting this Nigerian international entrepreneur is for us to draw motivational influence from his wonderful background and adventure. This finds expression following order:

Aliko Dangote is the Nigerian founder and president of Dangote Group. He is known to be one of the richest men in Africa, but he said, I think I have to be rated by Forbes magazine first before I can be [called] the richest man in Africa, says Mr Dangote modestly. But, you know, I'm comfortable. He ranked first in Nigeria in the Forbes 2008 list of the richest people in the world with a fortune estimated at $3.3 billion dollars. This unassuming modest black African Nigerian possesses a very amiable relaxed personality. With an estimated current net worth of around US$ 13.8 billion, he was ranked by Forbes as the richest Nigerian citizen. He is also simultaneously the richest person of African descent in the world, surpassing Mohammed Al Anoud ($12.3 billion) and Oprah Winfrey ($2.7 billion.)

Aliko Dangote is the 'golden child' of Nigerian business circles. The Dangote consortium spans across many sectors of the Nigerian economy. The Dangote Group provides cements, sugar, salt, flour Rice, spaghettis, textile etc. at competitive prices. As a nonpartisan and detribalized businessperson, he is generous to different political parties, religious groups, and cultural institutions. Apart from providing employment to elite graduates from different ethnic backgrounds, he minimizes the level of crime by engaging youths who are school leavers around transportation, packaging, Security amongst others.

It may not be a wild assumption to say that every Nigerian has heard of his name because of the impact of his business. His products are in most homes across the country. Those who may not use his products would have passed some of his trailers by the way. He is into export, import, manufacturing, real estate, and philanthropy. All these are rolled together into what is known as the Dangote Group. At the helm of its affairs as president and Chief Executive Officer is an unassuming man named Aliko Dangote. The focus of his investments is food, clothing, and shelter.

The Dangote Group imports 400,000 metric tonnes of sugar annually which accounts for about 70 per cent of the total requirements of the country and is a major supplier of the product to the manufacturers of Coca Cola, Pepsi Cola and Seven-Up in Nigeria. It imports 200,000 metric tonnes of rice annually just as the company imports tonnes of cement and fertilizer and building materials. Dangote Group also imports fish and owns three big fishing trawlers chartered for fishing with a 5,000 MT capacity. The group exports cotton, cocoa, cashew nuts, sesame seed, ginger, and gum Arabic to several countries.

1.2. His Humble beginning.

Born in Kano, his grandfather the late Alhaji