Dino Melaye, a disgrace to the Senate - Tinubu
Vanguard Newspaper 14 July 2016
Vanguard Newspaper 14 July 2016
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Vanguard, THURSDAY, JULY14, 2016 — 21<br />
& YOU<br />
,<br />
It is not enough <strong>to</strong> have a<br />
vision. We need <strong>to</strong> have<br />
processes and structures in<br />
place that will help us achieve<br />
<strong>the</strong> vision<br />
,<br />
people who are not exporters<br />
<strong>the</strong>mselves. You need <strong>to</strong> be wary of<br />
<strong>the</strong>se.<br />
The best way <strong>to</strong> learn about <strong>the</strong><br />
export business is <strong>to</strong> contact a<br />
seasoned exporter with years of<br />
experience in <strong>the</strong> business and ask<br />
him/her <strong>to</strong> teach you all you need<br />
<strong>to</strong> know before starting your own<br />
business. Practical teaching in a<br />
face-<strong>to</strong>-face setting is best.<br />
Identify products <strong>to</strong> sell: In<br />
Nigeria, <strong>the</strong>re are many<br />
commodities and resources that can<br />
fetch you huge profits in <strong>the</strong><br />
international market. But you will<br />
fail woefully if you try <strong>to</strong> sell <strong>to</strong>o<br />
many items at once.<br />
So, you should focus on only one<br />
product from <strong>the</strong> start. As you gain<br />
more experience, you can expand<br />
your scope <strong>to</strong> include o<strong>the</strong>r<br />
products. Start with products that<br />
you can easily make available in <strong>the</strong><br />
The best way <strong>to</strong><br />
learn about <strong>the</strong><br />
export business is<br />
<strong>to</strong> contact a<br />
seasoned<br />
exporter with<br />
years of<br />
experience in <strong>the</strong><br />
business<br />
required quantity whenever <strong>the</strong>re<br />
is demand for it. Cassava, cashew<br />
nuts, bitter kola, cocoa, charcoal,<br />
and kola nuts are very good<br />
examples of products <strong>to</strong> start with.<br />
Product sourcing: After<br />
deciding which product you would<br />
like <strong>to</strong> export, you need <strong>to</strong> decide<br />
how you will source <strong>the</strong> product.<br />
Basically, you have two options: you<br />
can ei<strong>the</strong>r produce <strong>the</strong> product<br />
yourself or buy from manufacturers<br />
or producers in wholesale<br />
quantities.<br />
For a start, buying from someone<br />
else is <strong>the</strong> easier and cheaper<br />
option, as you might not be able <strong>to</strong><br />
afford <strong>the</strong> cost of setting up and<br />
maintaining a production point. If<br />
you are going for this option, <strong>the</strong>n<br />
you need <strong>to</strong> find suppliers or<br />
producers of <strong>the</strong> product.<br />
Register your business:<br />
Legalising your business is one of<br />
<strong>the</strong> most important steps <strong>to</strong>wards<br />
starting any business in Nigeria<br />
and <strong>the</strong> export business is no<br />
exception. You must register your<br />
export business with <strong>the</strong> Corporate<br />
Affairs Commission. Aside giving<br />
you <strong>the</strong> legal permission <strong>to</strong> operate<br />
your export business, registering your<br />
business will boost your credibility.<br />
Before doing business with you, most<br />
foreign distribu<strong>to</strong>rs will try <strong>to</strong><br />
establish your credibility by<br />
requesting a Certificate of<br />
Incorporation and o<strong>the</strong>r documents<br />
showing that your business has been<br />
legally registered in Nigeria.<br />
Find your buyers: With <strong>the</strong> internet,<br />
export business has become easier<br />
than ever. You can find buyers for your<br />
products and seal trade deals right<br />
from <strong>the</strong> comfort of your room without<br />
necessarily holding a face-<strong>to</strong>-face<br />
meeting with <strong>the</strong> buyers. All you<br />
need <strong>to</strong> do is join trade websites,<br />
become an active member, and start<br />
sealing trade deals with interested<br />
buyers.<br />
Exhibit your products: Trade<br />
fairs and missions provide great<br />
opportunities for exporters <strong>to</strong><br />
showcase <strong>the</strong>ir products. As your<br />
export business grows, you will need<br />
<strong>to</strong> attend more of <strong>the</strong>se events <strong>to</strong><br />
create awareness about your export<br />
products. You have bright chances of<br />
meeting with potential buyers and<br />
sealing additional lucrative trade<br />
deals.<br />
Challenges: As a beginner in <strong>the</strong><br />
trade, some of <strong>the</strong> initial challenges<br />
one can encounter are: Lack of<br />
product and market information;<br />
Logistics management of export trade;<br />
Non-conversance with export<br />
procedures and documentation; Lack<br />
of access <strong>to</strong> funds <strong>to</strong> start export<br />
business; and Lack of export culture.<br />
O<strong>the</strong>r<br />
requirements<br />
To start exporting, individuals,<br />
companies/cooperatives should seek<br />
fur<strong>the</strong>r understanding on <strong>the</strong><br />
following subjects: Registration with<br />
NEPC as an exporter; Export<br />
Quotation; Product sourcing; Market<br />
knowledge; Funds sourcing; Making<br />
an export offer; Payment methods<br />
and; Export documentations. O<strong>the</strong>r<br />
information required are: Preshipment<br />
inspection of exports<br />
(NESS); INCOTERMS 2010 and;<br />
ECOWAS Trade Liberalisation<br />
Scheme.<br />
Financing your export : One<br />
major fac<strong>to</strong>r that s<strong>to</strong>ps most aspiring<br />
exporters in Nigeria from kickstarting<br />
<strong>the</strong>ir export business is<br />
funding. When you are sourcing<br />
funds for your export business, do not<br />
overlook any possible source.<br />
Approach members of your family<br />
as well as your friends who you think<br />
can afford <strong>to</strong> lend or give you all or<br />
some of <strong>the</strong> money you need. The<br />
advantage of seeking startup funds<br />
from your close ones is that <strong>the</strong>re is<br />
little or no pro<strong>to</strong>col or formality<br />
involved. Trust won’t be an issue,<br />
since <strong>the</strong>y have known you for years.<br />
Angel inves<strong>to</strong>rs are wealthy<br />
individuals and serial entrepreneurs<br />
who are willing <strong>to</strong> invest in business<br />
opportunities with huge profit<br />
potential. In return <strong>the</strong>y will take a<br />
share of your business.<br />
Whose role is it <strong>to</strong> run an<br />
organisation's vision?<br />
“Action springs not from thought, but from a<br />
readiness for responsibility.”…Dietrich<br />
Bonhoeffer<br />
IT is a big risk when <strong>the</strong> leaders<br />
are <strong>the</strong> only people that<br />
understand <strong>the</strong> vision of an<br />
organisation. There is yet a bigger<br />
risk when <strong>the</strong>y chose <strong>to</strong> run with<br />
<strong>the</strong> vision alone.<br />
Developing <strong>the</strong> vision is <strong>the</strong> first<br />
step; <strong>the</strong> second and most<br />
important step is running with <strong>the</strong><br />
vision. Two pertinent questions <strong>to</strong><br />
ask are: who owns <strong>the</strong> vision of an<br />
organisation, and who runs with<br />
<strong>the</strong> vision?<br />
The CEO (with <strong>the</strong> board or<br />
senior management) is expected<br />
<strong>to</strong> develop <strong>the</strong> vision of any<br />
organisation. The vision helps<br />
<strong>the</strong>m <strong>to</strong> know where <strong>the</strong>y are<br />
going <strong>to</strong>, and what <strong>the</strong>ir end state<br />
results will look like. That<br />
does not mean that <strong>the</strong><br />
CEO or senior<br />
management owns <strong>the</strong><br />
vision. As soon as any<br />
vision is being<br />
developed, it ceases <strong>to</strong> be<br />
<strong>the</strong> CEO’s “property”.<br />
Everyone in <strong>the</strong><br />
organisation now owns<br />
<strong>the</strong> vision.<br />
Core<br />
strategies<br />
Running with <strong>the</strong> vision<br />
is akin <strong>to</strong> implementing<br />
Leaders<br />
are <strong>to</strong> lead<br />
and<br />
navigate<br />
change in a<br />
way that<br />
will yield<br />
sustainable<br />
results<br />
core strategies that will help<br />
organisations achieve <strong>the</strong>ir end state.<br />
The CEO’s job is not <strong>to</strong> implement <strong>the</strong><br />
core strategies, his primary roles are<br />
planning and change. Employees<br />
implement <strong>the</strong> change, in o<strong>the</strong>r words<br />
<strong>the</strong>y run with <strong>the</strong> vision.<br />
I am disturbed. Why is it that in most<br />
organisations, only <strong>the</strong> senior<br />
management sees <strong>the</strong> organisational<br />
“big picture”? These people constitute<br />
about 20-30 percent in population.<br />
What happens <strong>to</strong> <strong>the</strong> o<strong>the</strong>r 70 percent<br />
who are middle officers?<br />
These groups of people in one way<br />
or <strong>the</strong> o<strong>the</strong>r are expected <strong>to</strong> run with<br />
<strong>the</strong> vision. Can you see why I am<br />
disturbed?<br />
Why is it easier for senior<br />
management <strong>to</strong> see <strong>the</strong> big picture? The<br />
answer is because <strong>the</strong>y have been<br />
taken <strong>to</strong> a “helicopter ride” and from<br />
5000 feet above <strong>the</strong> ground level <strong>the</strong>y<br />
were able <strong>to</strong> see <strong>the</strong> big picture.<br />
The CEO must ensure that everyone<br />
in <strong>the</strong> organisation sees and knows<br />
where <strong>the</strong> organisation is going <strong>to</strong> –<br />
this is a critical task.<br />
Whenever I am teaching Strategic<br />
Thinking <strong>to</strong> organisations, I always<br />
include a slide titled “Danger”. Why<br />
danger? Yes, <strong>the</strong>re is a big danger<br />
when <strong>the</strong><br />
CEO or<br />
Senior<br />
Management<br />
thinks that<br />
his/her idea<br />
is <strong>the</strong> best<br />
and only<br />
idea.<br />
Nobody<br />
has <strong>the</strong><br />
monopoly of<br />
best ideas. BY ‘UJU ONWUZULIKE<br />
When <strong>the</strong><br />
ideas of some group of people (younger<br />
officers) are disregarded and slighted, it<br />
negates <strong>the</strong> true fact that “people support<br />
what <strong>the</strong>y help create”. When this happens,<br />
<strong>the</strong> people involved might not work with <strong>the</strong>ir<br />
minds and hearts <strong>the</strong> way <strong>the</strong>y<br />
ought <strong>to</strong>.<br />
Points <strong>to</strong> ponder:<br />
For a CEO <strong>to</strong> achieve <strong>the</strong> organisation’s<br />
vision, everyone in<br />
<strong>the</strong> organisation must begin <strong>to</strong><br />
see <strong>the</strong> “big picture”. Mildly<br />
speaking, some employees do<br />
not know what <strong>the</strong>ir vision statement<br />
is. They also do not know<br />
what <strong>the</strong>ir core values are, so<br />
what guides <strong>the</strong>m and what have<br />
<strong>the</strong>y been doing?<br />
Leaders and Managers must<br />
avoid “DAD” syndrome when<br />
running <strong>the</strong> affairs of <strong>the</strong> entire<br />
organisation.(“DAD” stands for: Deciding<br />
– Announcing – Defending).<br />
They should ra<strong>the</strong>r enforce “Parallel Involvement<br />
Process”- where <strong>the</strong> views of<br />
employees are valued. Being a leader does<br />
not confer on us <strong>the</strong> right <strong>to</strong> use ve<strong>to</strong> powers<br />
on subordinates. Remember people support<br />
what <strong>the</strong>y help create.<br />
Final Note:<br />
It is not enough <strong>to</strong> have a vision. We<br />
need <strong>to</strong> have processes and structures in<br />
place that will help us achieve <strong>the</strong> vision.<br />
Remember structures influence behavior.<br />
The roles of leaders are <strong>to</strong> lead and<br />
navigate change in a way that will yield<br />
sustainable results.<br />
These results are achieved collectively.<br />
Senior management and <strong>the</strong> collective<br />
workforce should not focus on <strong>the</strong>ir<br />
personal goals but ra<strong>the</strong>r on <strong>the</strong> goals of<br />
<strong>the</strong> organisation. It is much easier <strong>to</strong><br />
achieve one’s personal goal(s) after<br />
helping <strong>the</strong> organisation achieve its goal<br />
first.<br />
For your views or perspectives:<br />
Email: uju.onwuzulike@mclgroup.net<br />
Mobile: 09091142093<br />
C<br />
M<br />
YK