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Embrace partnership, shared services to grow businesses—Fidelity boss tells youths

Leading retail banking group, Fidelity Bank has called on start-ups and other businesses to embrace collaboration and take advantage of shared services and offerings to stay afloat in business.

Speaking during a Business Entrepreneurship Empowerment and Professionalism (BEEP) conference organised by Fidelity Bank in conjunction with Flame Consulting Ltd in Lagos, the managing director of the bank, Mr. Nnamdi Okonkwo, advised entrepreneurs in Nigeria to take advantage of emerging opportunities and grow their businesses.

Represented by the Regional Head, Ikeja Bank, Mr. Ken Opara, the bank boss averred that entrepreneurs should embrace collaboration and take advantage of shared services and offerings, stressing that renting a space for business was not necessary, as an entrepreneur could start small and grow in bounds later.

While disclosing that “You don’t need to rent a building before you start a business, take advantage of shared services and offerings’’, he said that talent was the major thing in entrepreneurship and not an emphasis on funding, noting that an entrepreneur with great talent would grow.

Fidleity Bank boss futher argued the need for a good business plan in place, rather than starting a business because of sentiments, as “A business plan is not about having a consultant, you must know why you want to enter a business”.

He hinted that Fidelity Bank has concluded arrangements to launch an Enterprise Development Fund in March for businesses with high sustainability.