HOLYDICK:
Nice try bro.....but my mama always taught me....ALMOST doesn't count.

Just my take

Exactly. I saw this fluff a few days ago and I was not impressed. It's simply the story of a rich boy who blew daddy's money chasing a deal that was too big for him and has nothing to show for it. If you read between the lines, his expenses would have amounted to at least a million pounds.

He should just go and get a job in his fathers company. Lion ko, leopard ni

MrMcJay:
Just look at the comments on this thread and you'll realise that more Nigerians suffer from intellectual poverty than financial poverty.

The lessons to be learnt from that article are more than what some Nigerians learnt in their entire time spent in school and they don't have the wisdom to read and pick a lesson or two.

10 Years from now, Paddy would be a billionaire under 40, some people who picked lessons from this article might have surpassed Paddy in wealth but our dumb friends would still be shouting "I receive" in Church not knowing that their Pastors are also reading and picking lessons from this post.

Don't waste your energy on those ones. Someone is always responsible for their misfortunes.

Enlightening piece from Paddy. I never saw him in this light... His daddy's shadow is really big o!

The mentor he refused to mention is d dad( d bull)

The kind of story I like to read,the kind of life I'd love to live. Making serious business moves and playing those chess moves... Someday God willing, I'd get there and surpass this. I'm proud of this young man,Paddy.

einsteine:


What lessons exactly? How about you point out the lessons? The reality of the average Nigerian is different from the reality of Adenuga. The whole story does not provide any actionable insight for the average small business owner out there. It's just a tale of the son of a rich man who is bold enough to gamble. Even if he loses, he still got a fall back. I repeat, there is nothing to learn from the story.

I can tell you one or two lessons,the most important one that cut across Paddys bullshit story. There was a guy in the writeup called Edgar, he asked for his payment upfront, he was denied it, paddy later paid him double that when he needed him again.

Lesson1: know your worth, do not undervalue yourself.

Lesson 2: Don’t listen to naysayers,stick to your guts(if he had gone with his guts, he would have gone all in

Lesson 3: Don’t keep your cards to close to your chest, the next person might be your solution(he failed to involve his friend “Remi”)and that was the person with the solution.

Every other thing he said was bullshit

a lot of confidential info is in.this write- up

would feel uncomfortable doing business with someone like this

bit myopic, but my take

otherwise kudos to strategy and GUTS!!!!



.

JideTheBlogger:

As in, the comments weak me...

boss, but this content was shared on facebook group by Ronald Nzimora, why u just dey see am now?

chronique:
The kind of story I like to read,the kind of life I'd love to live. Making serious business moves and playing those chess moves... Someday God willing, I'd get there and surpass this. I'm proud of this young man,Paddy.

dude is exceptionally good... kai.. exposure is very paramount.. i didn't get this early enough in life as my parent shielded me too much so much that 3 years after her death, I was still no able to navigate my way in the outside world... over pampering a child is bad

Almost cannot kill a bird

At first I wanted to shun it and think 'almost doesn't count' but damn. . .lots and lots of lessons to learn from this!!! The most important is. . .trust your gut. ALWAYS trust your gut. Learn to manage your ego, and always have a few trusted friends you can confide in. . .you never know what help they could be to you.

MrMcJay:


I don't have to break down everything for you. This economic recession that a lot of Nigerians are experiencing throws up a lot of opportunities.

For instance, since the price of imported rice has risen, a smart investor would go and invest in the local rice chain. Seek out local rice producers and get the price per bag. Contact nearby restaurants and bulk buyers and promise to supply them at wholesale price with the option of payment on delivery. Even if you advertise local rice on NL, you are sure of plenty customers.

Instead of benefitting from the opportuinty above, they prefer to drink N10 garri and use it to insult Buhari on NL.

Let me tell you a true story.

Sometime ago during the telecoms boom in Nigeria, an very smart Nigerian who I respect so much formed a company called Emerging Markets Telecommunications Services (EMTS). He put the basic corporate structures on ground and ran it as a startup.

Subsequently, he approached some Arab investors to invest in his company. These Arab investors were impressed in his company that they decided to buy a part of it. Today, that company was Etisalat Nigeria and he owned 40% of Etisalat Nigeria.

If you think you are too young, go and read up the story of the guy behind Sujimoto Construction.

Don't make the mistakes your fathers made. Seek out opportunities and take advantage of them.

I am all for entrepreneurship but you must come down and face reality.

1. The recession and mangled economic system we operate means that people have no money to buy N50 milk much less go looking for investments. You invest when your basic needs are met. Are you aware that workers are owed salaries and pensions ?

2. EMTS founder (Bello-Osagie) was already a billionaire when he started his company. He used his university contacts to penetrate the arab royal families for investment in his venture, and his relationship with IBB to secure his telecom licence.

Point is, there is no level playing ground. These people are exploiting their unfair advantage gained in the past. Nobody needs to encourage a Nigerian to do business. It is in our genes. Level the playing field and watch them fly.

I'm blown away boss.

einsteine:


What lessons exactly? How about you point out the lessons? The reality of the average Nigerian is different from the reality of Adenuga. The whole story does not provide any actionable insight for the average small business owner out there. It's just a tale of the son of a rich man who is bold enough to gamble. Even if he loses, he still got a fall back. I repeat, there is nothing to learn from the story.

you fall into the category of masses who feels their frustration is caused by the Rich or Mega Rich... you have no idea how many people went from grass to mega rich... there is a Nigerian like you, 24 years old, born into poverty but his worth Billions of Naira as of today. How did he do it, especially within 10 years?

Lol. People in oil trading business before you were born have not reached this stage yet. It’s good to have a sure footing to stand on sha. Good attempt at least. Will you even be able to be where you are without your father? I highly doubt. Write a story when you start a business of your own, not using you name, contacts or father’s money and then we can listen to stories about your hard work. Till then...

MrMcJay:


I don't have to break down everything for you. This economic recession that a lot of Nigerians are experiencing throws up a lot of opportunities.

For instance, since the price of imported rice has risen, a smart investor would go and invest in the local rice chain. Seek out local rice producers and get the price per bag. Contact nearby restaurants and bulk buyers and promise to supply them at wholesale price with the option of payment on delivery. Even if you advertise local rice on NL, you are sure of plenty customers.

Instead of benefitting from the opportuinty above, they prefer to drink N10 garri and use it to insult Buhari on NL.

Let me tell you a true story.

Sometime ago during the telecoms boom in Nigeria, an very smart Nigerian who I respect so much formed a company called Emerging Markets Telecommunications Services (EMTS). He put the basic corporate structures on ground and ran it as a startup.

Subsequently, he approached some Arab investors to invest in his company. These Arab investors were impressed in his company that they decided to buy a part of it. Today, that company was Etisalat Nigeria and he owned 40% of Etisalat Nigeria.

If you think you are too young, go and read up the story of the guy behind Sujimoto Construction.

Don't make the mistakes your fathers made. Seek out opportunities and take advantage of them.

You should have ignored him bro.

222Martins:
Why do i have this feeling that he is trying to get a pat on the back or prove to society how smart he is or prove to society that he is not a daddy's boy?? Every business man has once in his life backed a deal that didn't sail through and they never made a fuss out of it. Dangote and Femi Otedola didn't sail through with their Blue Star Consortium backed by Tony Elumelu, Cecilia Ibru, Jim Ovia and others.

Now in retrospect, Nearly does not kill a bird!!! In big deals, there's no second place. It's a winner takes all game. I understand he was trying to stay within his circle of competence which is within the oil and gas industry. But with the kind of money and circle of friends he has, he would have just bought out or back a tech startup and ride the waves.

Update: Now for those that may have opposing views, i have read and re-read the article time and again. Aside the euphoria of the write-up, i observed the "I" factor. He credited himself too much, trying too hard to make us understand how smart and brilliant he is. You paid your team thousands of dollars and you don't want to listen to them, you would have gone it all alone and save your money. He should go thank his God the deal didn't sail through. Just like one of my mentor's do say:

"If you are the smartest person on your team, you are in trouble."

2. He lacks personal business experience. He got too emotionally attached to the deal. If there's one thing every businessman knows, it's that there's always another deal opportunity coming.

Did you read the part where the team asked him to only $1 cos of the abandex value?
...or you just feel it's a good idea to say things you clearly are not aware of?

smartest person in the room but kept going to Zurich to meet with the mentor...the guy who increases his fees from a princes wage to a kings ransom?

This your comments stink of pure jealousy!

Any businessman knows yhen yhen yhen ...plot twist, paddy has more business game than you can ever imagine.
if you like say it's cos of his dad. That's not his fault or consign.

stop hating it'll do you good.

enigma2007:


Don't waste your energy on those ones. Someone is always responsible for their misfortunes.

Enlightening piece from Paddy. I never saw him in this light... His daddy's shadow is really big o!

He has something about his father but doesn't want to accept it... they are both silent operators. Imagine the South African designer asking him if he wants a bull logo done for him and he replied he is not a bull but his father is the bull... the man asked what are you and he said he is a lion. He seems like a guy who likes challenging his father's steps and wanting to prove a point to his father at all cost.

nateevs:
Read this on yesterday. Even though he operates in a world most can only dream about, there were several lessons to take from the story. I personally found his journey very inspiring, despite not reaching the goal.

Best comment on this thread.

i want to be on this level if not more than it ...boils down to hardwork. I dnt want to go for job interviews or earn a pension when am old. Want to be at the apex and be able to bid for shares in mega firms. Have numbers of presidents across the world, bribe ministers in corrupt countries in order to get a contract from the government. Drive around in a posh convoy with a private security, own penthouses in three major cities, get married to a spanish model. I Want to be a Nigerian oligarchy.

This is how privileged kids move mehn....

Well, I have my own mind blowing story too.

How I almost won 43 million on bet9ja, na one game cut am.

.....I play the hand I was dealt. Nobody sabi my papa

Interesting

but I didn't say I am just seeing it nao. It was everywhere online yesterday. Blogs, social media etc

americanson:
boss, but this content was shared on facebook group by Ronald Nzimora, why u just dey see am now?

couldn't read all dat

MrMcJay:
Just look at the comments on this thread and you'll realise that more Nigerians suffer from intellectual poverty than financial poverty.

The lessons to be learnt from that article are more than what some Nigerians learnt in their entire time spent in school and they don't have the wisdom to read and pick a lesson or two.

10 Years from now, Paddy would be a billionaire under 40, some people who picked lessons from this article might have surpassed Paddy in wealth but our dumb friends would still be shouting "I receive" in Church not knowing that their Pastors are also reading and picking lessons from this post.

you are right on point MrMcJay.

Some Nigerians surprise me with their comments. So because Mr.P's pop is a billionaire, he shouldn't hustle on his own? Or because he didn't succeed at his bid, he isn't successful.

yes he has the money to throw around and engage in risky deals, but life is all about risk. It is those that have taken on head to head the riskiest risks and have won that stand tallest at the end of the day.

We can learn from the rich, we can learn from the poor.

Jealousy is worrying so many people in this country

regards
HK

americanson:
dude is exceptionally good... kai.. exposure is very paramount.. i didn't get this early enough in life as my parent shielded me too much so much that 3 years after her death, I was still no able to navigate my way in the outside world... over pampering a child is bad

True. I started biz all by myself with no mentor nd nobody dropping a dime. I have seen some of lovely ideas which I carelessly submitted to companies with the view of them sponsoring it,being tweaked and reproduced on grand scale and I had no idea who to hold. I'd even carelessly posted those ideas on Nairaland way back... That was just the naive and inexperienced me back then. I once sat and talked with my dad about financing some of my lofty ideas. He looked me in the eyes and told me the ideas were actually great and juicy but were too risky to finance. As someone who was in charge of credit risk in one of Nigeria's biggest first generation banks,he felt it risk was too high despite the ROI being very high. He simply told me what the banks were interested financing, were businesses that could easily show how the 1 naira can become 2 naira with minimum with the barest minimum risk. Moreover, there had to be such existing businesses on ground... It was the same old archaic way of Nigerian banks lending money to businesses. From that day onward,I decided to keep all my ideas to myself until I have enough money to push them. This year,I'd be testing the waters with one.

If only I had mentors or financiers back then,things would have different. But I have few regrets. Those experiences have become valuable to me.

MrMcJay:
Just look at the comments on this thread and you'll realise that more Nigerians suffer from intellectual poverty than financial poverty.

The lessons to be learnt from that article are more than what some Nigerians learnt in their entire time spent in school and they don't have the wisdom to read and pick a lesson or two.

10 Years from now, Paddy would be a billionaire under 40, some people who picked lessons from this article might have surpassed Paddy in wealth but our dumb friends would still be shouting "I receive" in Church not knowing that their Pastors are also reading and picking lessons from this post.

You took the words right off my keyboard I swear!

Assassin101:
couldn't read all dat

You know what they say about the best place to hide something from a...nevermind.

NEARLY ACQUIRED ..Abegi..we still want your father not you

Whether this is a show off or not, it deserves a read a hundred times over...

Some valuable lessons to be learnt from a young man like myself...

Thumbs up Paddy.
I learnt alot.

And to all those saying this is a show off... I say keep quiet. Thats how business is done.

1. Never back down
2. Think smart not hard
3. Find your competitors and partner with them if you cant kill them off
4. Always have a strategy
5. Fight back when you are boxed in.
6. Trust your instincts.
7. And Paddy prayed to God.

Once again.... thumbs up Paddy

Rich man story.

I read everything!

i did it, you can do it also.
This nothing but an insult to an average working Nigerians intelligence. Of course I expect some people to see this is as inspirational! There are countless of them on the internet.

One thing they never address
1 you flew to London
2 you flew to Netherland
3 you got a house to stay in London
4 you set up a company in London
5 you set up a company in Lagos and had staff that were negotiating oil deals for you

All these things would have at least rounded up to almost a million pounds.

Come on man. Tell this to your rich friends when you are having cocktails

Do you realize how much money you wasted. And still you are not broke or poor

You are a privileged kid boy. Don't mess with our minds telling us you are one typical hustler.

All these rich kids davido,cuppy etc should stop telling us about their hustle we don't care.

I'd rather listen to the fish seller that trained her kids in school with her proceeds.

Many lessons to take from this piece

222Martins:
Why do i have this feeling that he is trying to get a pat on the back or prove to society how smart he is or prove to society that he is not a daddy's boy?? Every business man has once in his life backed a deal that didn't sail through and they never made a fuss out of it. Dangote and Femi Otedola didn't sail through with their Blue Star Consortium backed by Tony Elumelu, Cecilia Ibru, Jim Ovia and others.

Now in retrospect, Nearly does not kill a bird!!! In big deals, there's no second place. It's a winner takes all game. I understand he was trying to stay within his circle of competence which is within the oil and gas industry. But with the kind of money and circle of friends he has, he would have just bought out or back a tech startup and ride the waves.

Update: Now for those that may have opposing views, i have read and re-read the article time and again. Aside the euphoria of the write-up, i observed the "I" factor. He credited himself too much, trying too hard to make us understand how smart and brilliant he is. You paid your team thousands of dollars and you don't want to listen to them, you would have gone it all alone and save your money. He should go thank his God the deal didn't sail through. Just like one of my mentor's do say:

"If you are the smartest person on your team, you are in trouble."

2. He lacks personal business experience. He got too emotionally attached to the deal. If there's one thing every businessman knows, it's that there's always another deal opportunity coming.

Keep an objective mind. Yes it is very human to read an article such as this one with the natural prejudice of "who does this privileged brat think he is", but there are some lessons to be learned as well as some important insights into how the highest echelon of the corporate world works, as well as a good dose of humor. Once i pushed my prejudice aside i was able to enjoy this piece and i suggest you do the same.