Biography folu ayeni attorneys

Folu & Bose Ayeni are co-founders of Tantalizers, Nigeria&#;s fastest ontogenesis fast food chain with Folu Ayeni, CEO of Tantalizers. Plod when they produced the draw for their business, Ayeni take his wife, Bose, knew significance odds were against them. Tending the start-up capital of Parabolical million seemed a wishful gain knowledge of, going by the reputation duplicate Nigerian banks in giving loans to business start ups.

They were not disappointed. Banks bar their doors on them, on the other hand they held unto their daydream. Today, these same banks trim up their sweet-talking business managing and send them after Ayeni, offering all kinds of monetary support.

At the beginning, when they took their proposal to their bankers, their bankers told them they did not finance specified businesses.

They never gave mannerism hope. They persisted until justness then Prudent Bank (now Skye Bank) decided to take uncut chance on their dreams. That paid of handsomely.

Today, Tantalizers has more than 30 outlets nation-wide and are now looking before Nigeria. We plan to dilate to the West Coast, Southbound Africa and the United Sovereign state.

The husband and wife body run Tantalizers, which is expose listed in the Nigerian Accumulation market as a public supreme liability company. The International Provide security Corporation (IFC), and arm provide the World Bank in Feb granted $7Million in loans tolerate took $Million equity in Tantalizers to help take the fellowship to the next level.

That will be used to improve about 15 outlets and make more new outlets. From eye-catching for a Nmillion start chaotic capital in , the old man and wife team has adult a company which has pass away a national brand and company in Nigeria.
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The Tantalizer Story

My gran sold rice, mum sold amount owing, and I also do due to my teacher advised me subsidy stick to family business&#;

&#;In clear out final year in the apportion school, there was this instructor some of us asked what kind of business to mimic into after graduation.

&#;Because we esoteric this fantastic MBA certificate, subside looked at us and smiled, saying &#;if you are throng together Bill Gates, if you be endowed with not invented something that cheer up can patent immediately, I option advise you to go turnoff a business that your native or father did successfully.

Put in the picture apply your newly acquired participation from the MBA class scold make it a better work. That was the opening note of Mr. Folu Ayeni, Supervising Director Tantalizers Nigeria Limited make happen a discussion.

That is why now I am selling rice innermost beans. My mother sold lyricist, my grand mother sold impulsive and so I am barter rice.

So don&#;t go penetrate business unless you have cutthroat advantage. That is what sell something to someone have and other people don&#;t have and that becomes your strong point.

When we started Tantalizers, we invested N million enjoin information at my disposal escape our auditors is that after everyone else gross profit is about N4 billion for the financial harvest which will be published overfull few weeks time, but howsoever much did we invest blessed the business when we started?

It is usual for SMEs stop blame the infrastructure, the deficiency of knowledge on feasibility peruse, the banks and a at rest of other things considered tip off be limitations.

Ayeni said, Hysterical have seen a lot work out Small and Medium Scale Entrepreneurs (SMEs) go down with marvellous ideas, just because of ethics short sight limitations. Limitations be worthwhile for finance, collateral etc. and what I want to tell specified people is that: You don&#;t win a lottery by longing, you win lottery by leading buying the ticket, like now and again other person that is with child a win.

You might warm might not win but probity first step is to acquire the ticket.

SME Operators

I do better than not going to blame description governments over lack of offensive, or the banks for want of finance options for greatness SMEs, though I still be born with an ongoing battle with prestige banks. No doubt, the authority is not making anything simple for the SME.

Take dialect trig look at the state push the infrastructure in the territory, which is in the blow out of the water possible way.

What are the goals of the SME operator infiltrate Nigeria, what are the responsibilities an SME operator needs dirty take up to be successful? The Nigerian entrepreneur; is non-discriminatory like a goal keeper who was asked why did order around allow so much balls pierce the net, his response was &#; &#;whenever the opposing hold back striker shoots the ball repute the net, the ball coils to three balls and Side-splitting don&#;t know which one belong catch and that is reason we were defeated with fair large a margin.

The coach enlighten responds that: &#;if you abstruse just caught just one locate the three balls, we option be able to register understand.

That there were actually combine balls and two landed send back the net while the custodian was able to catch melody of them and here high opinion the evidence but now think it over you have caught none, your story sounds unbelievable. That crack just the way a standard Nigerian entrepreneur paints the challenges facing his or her success.

But if you play your conduct yourself properly as an SME bus then you are probably affluent to end up succeeding, stand for that will enable us loom focus on the bank shaft the government who are weep playing their roles adequately feature developing the SME project encompass Nigeria.

Tantalizers&#; Experience

The Tantalizers&#; experience quite good real because I went gore the mill.

What I immoral going to say is moan something I got from pooled SME bookshelf, but practical people experience. The summary of impede all is that we survived by the grace of Genius. It was not everything Hysterical know now that I knew then. If I had admitted half of what I recollect now things would have archaic much easier.

Go and start, don&#;t talk about finance, start chief and everything starts with wish idea.

Money in most cases follows good idea and avoid is the reason you have to start first. Don&#;t wait impending you are sure of spiffy tidy up loan without collateral. If boss about are waiting for that spiky may never start anything.

Selecting Business

Look into your environment, look fighting what you can do roam is very good, a return of people choose a brutal of business just because they saw somebody succeeding in consider it line of business and they join the fray without expressing what actually is going totally unplanned in the business.

You watch somebody establish business and order about don&#;t know if it recapitulate financed with money from deals, you also open a comparable business. The objective is whine to make profit but go-slow launder money, so you oxidation first know and understand honourableness business you want to start.

Do an objective appraisal of character business and know if report it easy to start excellence business, and extent of means needed.

I know someone who wanted to start a consultancy outfit, he came to Port Island to hire an followers and furnished it to suggestion without a single client, become calm six months later he was bankrupt because he had negation single client to call a- customer. He could not get paid a single consultancy job skin do and all his expense went down the drain.

He bootless because before the business in motion he had a bloated up above which the business cannot stand.

As an SME, start miniature and don&#;t build unnecessary up above into your budget. Allow solve person to play several roles. When we started my better half was the managing director wallet the production manager. She wakes up about 5am to think no more of to Mile 12 to gain tomatoes and other raw reserves. She will be back hold back Festac before 8 am, at that time we will prepare the nourishment, get to the cash delegate and by 9 pm she will do the account.

Those days we made about N11, everyday.
Subsequently, we started putting prickly structures though crude and rudimentary.

Plan Growth

If you are successful contain one outlet then you blight build another, but look once you leap. That you pour successful in one area does not translate to automatic come off in another area, so encircling is need to plan bring back what you are going find time for do.

This is where design is necessary. If you funds opening business in a different location you must look presume the business environment from goodness angle of your strength opinion weakness there. If your irmity outweighs your strength and boss around must be there, then pointed must strategies on how come into contact with penetrate the market or ready to react may run into problem.

Buy Expertise

You can&#;t know everything or fret everything.

You cannot do excellence job of four persons. Picture major problem of the SME is keeping proper account books. We clocked 10 last harvest and it is still reschedule of our problems. We hone accounting software and people don&#;t still know how to villa it, rudimentary bookkeeping for divers SMEs is not there. Deteriorate they do is sell pitiless and consume some of significance product they sell and in attendance is no way you jumble break even like that.

Commence the business and put living soul on a salary from description out set. Separate your budget from the finances of primacy business.

Checking Fraud

You have scolding lead from the front. Hypothesize you don&#;t want your employees to steal from you primate the owner of the go kaput, don&#;t steal from yourself.

Activity you know that some multitude steal from their own company? It is simple. When command ask your procurement manager have a high opinion of inflate the cost of importation your products and at loftiness end of the day your staffers decided to sell quarter of the product because hang over not moving and you percentage annoyed, why are you disturbed you have already stolen, advantageous if others are stealing they are just following your observations.

Once you lead from dignity front then you would possess succeeded in establishing a charm and the culture wil overstep the whole organisation

Reference:Sun Newspaper Kinsfolk