Editorial Team

Emmanuel Udom-Managing Editor, Stephen Dijo Philemon-Deputy Editor, Janet Udom-Senior Correspondent, Precious Udom-Senior Correspondent, Williams Ita-Bureau Chief(Akwa Ibom/Cross River), Fabian Idoko-Senior Correspondent
  • ABURIGHT NIGERIA COMPANY

    Manufacturer's Representative Import Export General Merchandise Contract Adress: Araromi Quarters, Owode Area, Ifo, Ogun state, Nigeria P.O.Box 2632, Oshiodi, Lagos Telephone: 2348166719412

    Tuesday, 8 October 2013

    How Aliko Dangote became a multi- billionaire




     
    If you are searching for information on making money, I will recommend you apply Alhaji Aliko Dangote leverage strategy. With commitment to the application of this strategy you will be rich in few years.
    The application of leverage strategy is the secret of how to be a millionaire and wealth creation. So if you truly want financial freedom, you don’t need to reinvent the wheel. You just copy the successful ones and you will likely be one.
    What is a leverage business? It’s a strategy of making money using other people’s money, contacts, resources, idea, time, effort and brand to achieve success. The application of this strategy has been proven to make ordinary people become wealthy beyond their expectation.
    According to Robert Kiyosaki, “People with leverage have dominance over people with less leverage. In other words, just as humans gained advantages over animals by creating leveraged tools, similarly, humans who use these tools of leverage have more power over humans that do not. Saying it more simply, ‘leverage is power’.”
    With this article, let me buttress my point using Alhaji Aliko Dangote as a case study. He is chairman, Dangote Group of companies and rated by Forbes magazine as the richest black man in the world. He started business in 1977.
    He was mentor by his grandfather, who was a successful businessman in his time. His grandfather gave him a small capital to start his own business and additional loan of N500,000, which was not a small money in those days.
    He was supposed to repay the loan in four years when the business should have been yielding profits, but Aliko Dangote repaid the loan within 6 months.
    He runs the business under the watchful eyes of an uncle, who gave him the right links that he needed to succeed.
    Few years ago when he wanted to build the largest cement factory in Africa, Obajana Cement Plc, he applied the leverage strategy of using other people’s money to complete the project. The project was estimated to cost one billion dollars. Dangote Group of companies brought $320,000 and a consortium of banks brought the remaining $680,000.
    Are you wondering of making money applying this strategy since you don’t have a mentor, or someone to give you a loan and the connection to succeed? My outright answer is to join a proven network marketing business opportunity.
    Network marketing provides the platform to leverage on other people’s time, money, ideas, resources, connection and much more. This industry has produced more millionaires in the last 15 years than any industry in the world.
    No wonder Robert Kiyosaki said, if I had to do it all over again, rather than build an old style type of business, I would have started building a network marketing business.


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