5 SECRET BUSINESS MEASURES OF THE RICHEST BLACK MAN,DANGOTE

According to Forbes, dangote remains the richest black man having a network of about $33.32 billion dollars. And this have made him the very richest black.

Sources of his business wealth

• Cement manufacturing
• Sugar
• Flour
• Fast food (spaghetti)
• Noodles

Cement remains the main source of of his wealth and is now having his business established in some other part of the continent. 

Dangote remains the very business man with strategic attributes.

He have better understanding on how inflation and deflation affects his business and knows the very way to counter it.

5 business measures the richest Blackman Dangote uses

1. Engaging in multiple investment
2. Ability to understand the demand of his products
3. A great economist
4. Power of exportation
5. Having his own industry

Engaging in multiple investment: He have the power of saving and investment. In as much he deals particularly in cement production,he also have other investments like sugars, flour, rice Noddles etc.

His investments have attributed to his income and wealth. He's now looking forward to invest into football club and oil line. To be a great business man one should know how to invest. Investment does not gives you an instant result but it accumulates for years to get to a standard level.

Ability to understand the demand of his products: Dangote is a man who knows when the demand for a particular products is high or low.He engages on net analysis of a particular demand of his product.

E.g

Cements in Nigeria especially in the dry season has a larger demand than in the rainy season due to the fact that most structural designers and builders Dont want a situation were by work is not going on always due to rain or a situation that the rain drop will affect the cement while on the process of casting concretes or block moulding.. This hence results to a higher demand of cement in the dry season. He puts this in his measures.

A great economist: He is a great economist who understands the principle of demand and supply of goods in economics.

He engages on high demand to high price of goods and low demand to low price of goods.

As in economics,, '" The higher the price of goods the higher the demand and supply and vice versa"

Power of exportation: He engages in exportation of goods to other countries in the continent.examples are: ghana , south Africa, Egypt ,Libya, Cameroon , part of Asia and Europes.
Exporting goods to other countries creates a faster means of sales of products since more consumption equals more more sales.

Having his own industry: he engages in self productions of his products by having his own industry in the countries. As seen in Nigeria he doesn't import his products outside the country hence boosting his personal profits other than paying for boarder charges and taxes for importation..

These are measures one can put in place for a more success in his business.
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