This Article first appeared on [url]cresthub.com[/url]



Dr. Cosmas Maduka is the founder/CEO of ‘Coscharis group’, a company which has a presence in Beverage industry, Automobile industry, Agro-allied services and much more.

As a young child who lost his father at the age 4, he never stooped so low to what life can offer. His humble beginning and success story has inspired a lot of young people and has taught them that there is no limit to what we can achieve.

Narrating his entrepreneurial journey during an interview with the Vanguard newspaper, he shared some business tips that have gotten him to where he is now.

START SMALL
In 1977, after serving his uncle as an apprentice, he was settled with two hundred naira which is equivalent to $1 as at 2014/2015. Meanwhile, with the current exchange rate of the dollar to naira been 360, it’s not even up to $1 in today’s economy.

He went on to found his first company ‘’MADUKA BROTHERS as a sole trader, a company that deals with importing motorcycle and its spare parts, after which he moved on to partner with his bosom friend,(Mr. David Nwosu) to startup a new company that deals on the importation of car parts. Shortly after the company was dissolved, he went on to starting Coscharis motors and the rest is history. According to Forbes Magazine, Coscharis group is said to worth five hundred million dollars.

STICK TO YOUR DREAM:
Truly, energy focused on one direction produces a maximum result when compared to energy focused on multiple directions.

As he always says, “my dream is to build an institution that is capable of competing with big companies like Leventis motors and UAC”. Today, we could see how far he has gone with that dream.

NURTURE YOUR PROFIT:
When he finally started seeing the dividend of his hard work, he didn’t spend it on luxury. Even though he had the money to buy up to 20BMW cars, he never did that. Rather, he sticks to his old 504 model of Peugeot in order to nurture his profit.

GO EXTRA-MILE TO MAKE WORK:
Being someone who only had a 3rd-grade education, he grew his business to the point of a plateau, in order to get to the next level; he hired a professional manager to make it work. However, he still went on to attend a program at Harvard University.

DO NOT HIRE LIKELY MINDS:
“At Coscharis, we do not think alike, because if we do, nobody is thinking”. Those were his words during an interview session with a journalist.

MAKE GENUINE COMMITMENT:
“Anything worth doing is worth doing well” Your level of commitment towards your goal determines how successful it will be. He said,” At age 14, I made a commitment to serve God, this decision shaped my life”.

BE ACCOUNTABLE:
“Beware of little expenses, a small hole can sink a big ship –Thomas Jefferson”, Cosmas claims that ever since he heard the above-written quote of Thomas Jefferson, it has helped him build the right foundation for money.

Source:http://cresthub.com/cosmas-maduka-turned-1-multimillion-dollar/

First to comment, I dedicate it to all hardworking Nairalanders, May God make us bigger, shoutout to the Chicken Republic deliveryman bringing me food, you guys save lives

ChiefPiiko:
Ok

Are you alright with it?

Success stories inspire me

Behind every great fortune, there is a crime...Honoré de Balzac.

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Lets make clean money attractive. Lalasticlala.

FortifiedCity:
Success stories inspire me

I thought I was the only one that had the same feeling. abeg help me call Lalasticlala....make he move this to Fp. Others needs to get inspired too

Femoje:
hello, my name is femi I'm a young Tech startup, and am working on a social network basically for Nigeria. my team and I have been coding and programming the network site for about four months now to bring out the best. we need your assistant in the area of funding, we want seed funding offering in this project because we plan to launch the site first week of next month. And I will be glad if you play a part by funding the project to your capacity and interest. I will be glad to get feedback from you. Best Regard. WhatsApp: +2348173857040

Keep me up to date once you launch it. I do like to ask the Cresthub team to write about you guys... Atleast to help you guys gain publicity.

Ranchhoddas:
Behind every great fortune, there is a crime...Honoré de Balzac.

Some many things we call crime has some legal ways of attaining it.

Mission2prosper:
Lets make clean money attractive. Lalasticlala.

You are on point man. Super Attractive. #Super_Attractive.

200 naira is equivalent to almost 100.000 naira in 1977

Our white and black panasonic TV +antenal +stabilizer+ tv shelf cost 281 naira in 1979

60 by 120 land at agidingbi ikeja cost 80 naira in 1978,

Ranchhoddas:
Behind every great fortune, there is a crime...Honoré de Balzac.

10000000000000000likes

200 naira in 1977 was a lot more than $1.

This article is nonsense.

y

misleading headline, do you know how much 200 naira could get you in the 70's?

mmsen:
200 naira in 1977 was a lot more than $1.
This article is nonsense.

the op brain lacks water

why not one cent.... 1$ too much

Made his first millions through his girlfriend Stella Oduah

Luxuryconsult come and read

This writer is .......
I don't know what to call him. You can't be converting N200 of 1977 using today's exchange rate. use exchange rate of 1977. A dollar was less than N1 in 1977 . N 200 was much more than the monthly salary of a level 6 officer.

This headine is misleading.

JONITEZ:

Keep me up to date once you launch it. I do like to ask the Cresthub team to write about you guys... Atleast to help you guys gain publicity.

Same here

I'll get there soon!

Whats the thing now?

In 1977, 200 was like 400k naira in today's value.

The story no pure abeg. You mean the 200 naira was enough to start up the said business and that just metamorphosised to his current worth.. I cherish the man and his wealth but as per the write up here I disagree

nice

need brand new or tok vehicles?
send a pm.

Ranchhoddas:
Behind every great fortune, there is a crime...Honoré de Balzac.

thought provoking