Managing Director and Chief Executive Officer of Rite Foods Limited, Seleem Adegunwa, has enjoined SME owners, founders, corporate innovators and business executives to cultivate flexibility and agility as required traits for success in scaling up their businesses.
Adegunwa stated this at The SME Scale-Up, a platform targeted at SME CEOs in Nigeria, desiring to scale up and expand their businesses. The SME Scale-Up workshop held at the Four Points by Sheraton, Victoria Island, Lagos.
In a session facilitated by the Rite Foods’ boss, he said: “in entrepreneurship, agility is the name of the game. You can be very dogged as an entrepreneur, but very flexible”.
He urged the participants to ignite their spark by developing their staying power to succeed in business, and also admonished them to be adaptable.
He further stressed the need for founders, business leaders and executives to stay focused despite an uncertain economy, strive for excellence and imbibe critical success traits like integrity, innovation and accountability to weather the storms.
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Managing Director, SevenUp Bottling Company Ltd and Founder of The SME Scale-Up, Ziad Maalouf, reiterated the initiative’s goal of equipping SMEs with the knowledge, skills, and network they need to overcome growth barriers, scale their businesses sustainably, and create lasting employment opportunities in Nigeria.
President, Nigerian Association of Small and Medium Scale Enterprises (NASME), Dr. Abdurashid Yerima, commended the workshop and its facilitators for addressing critical issues affecting the development and growth of small and medium scale businesses in Nigeria.
He stressed the need for more collaboration with CEOs, founders, executives and their teams to find and implement the best solutions to their toughest challenges for rapid acceleration and growth to bridge the unemployment gap in the country.
The SME Scale-Up Module 2 was the second in its series, tagged “Igniting The Spark – Where Talent Meets Harmony For Unstoppable Growth”. It was designed to reduce the rate at which small businesses fail and decrease the rate of unemployment in Nigeria; with a vision to be a leading catalyst for scaling SMEs, fostering a thriving entrepreneurial ecosystem, and drive sustainable employment for 1 million Nigerians by 2035.
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