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Entrepreneurial Challenges And The Importance Of Delivering On Client Contracts: Lessons From Global Business Leaders

BY Steve Biko Wafula · March 29, 2023 08:03 am

KEY POINTS

Entrepreneurial challenges are inevitable, but the ability to deliver on client contracts is critical for success. Entrepreneurs who persevere and deliver on their promises will build successful businesses and earn the trust and loyalty of their clients.

KEY TAKEAWAYS

Kenyan entrepreneur Vimal Shah faced numerous challenges while building Bidco Africa, a leading manufacturer of consumer goods. Despite facing intense competition and regulatory hurdles, Shah continued to deliver on his contracts, ensuring that his customers received high-quality products and services.

Entrepreneurial challenges are inevitable in any business venture, but the ability to deliver on client contracts is paramount for success.

Clients are concerned with results and expect entrepreneurs to fulfill their obligations regardless of any challenges they may face. This reality has been demonstrated time and time again by successful business leaders around the world.

One example of this can be seen in the story of Mark Zuckerberg and the early days of Facebook. When Zuckerberg was first building the social media platform, he faced numerous technical and financial challenges, but he persevered and delivered a product that was both innovative and valuable to his clients.

Another example is the late Steve Jobs, who was known for his ability to deliver on client contracts even in the face of significant personal and professional challenges. Despite his battle with cancer, Jobs continued to drive innovation and ensure that Apple’s products met the expectations of its customers.

Closer to home, Kenyan entrepreneur Vimal Shah faced numerous challenges while building Bidco Africa, a leading manufacturer of consumer goods. Despite facing intense competition and regulatory hurdles, Shah continued to deliver on his contracts, ensuring that his customers received high-quality products and services.

In the construction industry, Nigerian entrepreneur Aliko Dangote faced similar challenges when building his cement empire. Despite regulatory challenges and difficulties accessing funding, Dangote persevered and delivered on his contracts, providing his clients with quality cement products and building a successful business in the process.

In the tech industry, Chinese entrepreneur Jack Ma faced significant challenges while building Alibaba, one of the world’s largest e-commerce companies. Despite initial skepticism from investors and regulators, Ma continued to deliver on his contracts, ensuring that Alibaba’s clients had access to reliable and efficient e-commerce services.

Another example is the late Anita Roddick, founder of The Body Shop. Roddick faced numerous challenges while building her business, including opposition from larger cosmetic companies and criticism from environmental groups. Despite these challenges, Roddick continued to deliver on her contracts, providing her clients with high-quality, ethically sourced cosmetic products.

In the hospitality industry, South African entrepreneur Sol Kerzner faced numerous challenges while building his hotel empire. Despite regulatory hurdles and intense competition, Kerzner continued to deliver on his contracts, providing his clients with luxurious and memorable hotel experiences.

Similarly, Nigerian entrepreneur Tony Elumelu faced numerous challenges while building his banking and investment empire. Despite facing significant regulatory hurdles and difficulties accessing funding, Elumelu continued to deliver on his contracts, providing his clients with innovative financial products and services.

In the entertainment industry, Nigerian entrepreneur Mo Abudu faced similar challenges while building her media empire. Despite intense competition and regulatory challenges, Abudu continued to deliver on her contracts, providing her clients with quality entertainment products and building a successful media company in the process.

In conclusion, entrepreneurial challenges are inevitable, but the ability to deliver on client contracts is critical for success. Entrepreneurs who persevere and deliver on their promises will build successful businesses and earn the trust and loyalty of their clients. The examples provided above demonstrate the importance of this principle and highlight the success that can be achieved by those who prioritize delivering value to their clients.

Related Content: 10 Shocking Financial Deals In The Private Sector: Lessons Learned And Why We Must Remember Them

Steve Biko is the CEO OF Soko Directory and the founder of Hidalgo Group of Companies. Steve is currently developing his career in law, finance, entrepreneurship and digital consultancy; and has been implementing consultancy assignments for client organizations comprising of trainings besides capacity building in entrepreneurial matters.He can be reached on: +254 20 510 1124 or Email: info@sokodirectory.com

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