Ideas

FAULTS IN YOUR FMCG OR DISTRIBUTION BUSINESS MAY HAVE BECOME PART OF YOUR BUSINESS IDENTITY WITHOUT YOU KNOWING IT.

I recently went to review a Restaurant that one of my clients was planning to acquire. During the inspection, I decided to check the restroom facilities and what I saw shocked me. The faucet was broken. The toilet handle was no longer working. Several tiles were broken. The toilet door handle was missing. Instead of simply fixing the problem, they had moved a drum of water into the restroom and placed a bucket inside for people to fetch water manually. When I asked how long the toilet had been in that condition, one of the staff replied: “It has been like this since I joined the company.” Think about that.

Read MoreFAULTS IN YOUR FMCG OR DISTRIBUTION BUSINESS MAY HAVE BECOME PART OF YOUR BUSINESS IDENTITY WITHOUT YOU KNOWING IT.

MOST FMCG WHOLESALERS ARE CELEBRATING BILLIONS IN SALES… BUT SILENTLY GOING BANKRUPT WITHOUT KNOWING IT

Recently, I sat in a weekly management meeting of one of our FMCG clients in Ikeja. The National Sales Manager stood up confidently and announced: 

“We did over TEN BILLION naira in sales in the last 30 days.” The room lit up. He recommended bonuses for the sales team. But the MD asked one question that changed the entire atmosphere: 

Read MoreMOST FMCG WHOLESALERS ARE CELEBRATING BILLIONS IN SALES… BUT SILENTLY GOING BANKRUPT WITHOUT KNOWING IT