Kevin Olu tasks Nigerian entrepreneurs on risk taking for business growth
At a time when the world is experiencing turbulent period in the business environment and the returns on investment is unpredictable, Nigerian entrepreneurs have been enjoined to imbibe the spirit of risk-taking as part of the strategy to sustain and get optimum yields from their businesses
This was the submission of Hon. Kevin Olu, a senior special assistant to the Delta State Governor, Ifeanyi Okowa, while giving a tip on the best way entrepreneurs can survive these hard times.
Kevin Olu, who hails from the Fregene family in the Fregene Quarters at Ogwanja in Koko Warri North Local Government Area of Delta, and is the CEO of Orits-Winor Ltd, as well as First Triple Billion, said he was able to attain success in his business ventures over the years because he is a risk-taker.
Olu mainly deals in equipment, vessels parts and marine equipment, but he recently ventured into real estate which is far different from the line of business he has been accustomed to.
“I take risk by putting money in what I am not sure of and by faith it’s working for me. Going into real estate business was a tough decision, but I took the risk. I bought a property in Lekki, in Lagos for ₦300 million and, after a while, someone came to buy that property from me for ₦600 million. So, my real estate business is doing well right now.
“The advice I want to give people is you have to be faithful and be ready to take risks. Sometimes, I have bought cars overseas and fixed them and made them my own till someone comes to buy them. So, don’t be pessimistic, always think positively. This is how a businessman can survive this period,” added Olu, who holds a diploma in Business Administration and a degree in Public Administration from the Edo State University.
He also attended various courses overseas before resettling in Nigeria and delving into politics.
Speaking on how he pushes his business concerns, Olu said he uses his social media handles and advertisements to push his business across to people far and near, adding that these have helped and contributed immensely to the growth of his businesses.
Olu also has a hotel which is a subsidiary of Triple Billionaire Investment.
“There was a time I gave my hotel to an oil company, which gave me a four-year hospitality contract. This gave me a lot of money. I built a house in Delta State close to a billion naira with the money and I was able to travel abroad to get equipment for my other business. This was a breakthrough for me,” he said.
The business tycoon cum politician, while speaking in an interview with reporters, said that Nigerian business magnate, and Africa’s wealthiest person, Aliko Dangote, is his role model.
“My role model in business here in Nigeria is Aliko Dangote. He is someone I hold in high esteem. I have met him twice and he is someone God has ordained and I wish for God to take me to that level, and give me more orientation in business,” he said.