Venture Guide 03: Build to last commandment
Build your Business to last!
Building a business to withstand regulation changed and changing economic climate is a basic requirement for starting a business from 2020 onwards.
A business must possess the inherent ability to innovate, adapt, evolve and have with solutions that will help it always come out on top no matter the prevailing regulation, policy or situations.
Airbnb IPO'd in the year that travelling was worst hit and social distancing became a thing
Gokada, a Nigerian ride hailing company, was hit by probably one of the worst sudden policy change that wrecked the entirety of their business model.
With a few weeks the company pivoted into doing delivery, deploying a huge chunk of their existing infrastructure and making a few partnerships to push ahead. Their tagline now reads "WE DO DELIVERY NOW" - Simply phenomenal.
Business Landscapes will continue to change and only what is built to last will STAND TALL!