Some time ago, I was directed by a business coach to the collection of Sun Tzu’s strategic advice - The Art of War. I remember taking cognisance of the lessons outlined by the great Chinese military general and as often as I could, I drew on the 33 nuggets. Looking back, the advice is sound. In fact, a refresher stroll through my copy of this classic has affirmed a few very important strategies for me:
Naturally, this time of the year forces one to reflect on the past twelve months. In doing so, I cannot remember ever having a tougher year than this one. We have had a tumultuous year at BON Hotels, a year of growth, celebrations, discovery and of course, lessons.
Lesson #1- don’t take your eye off cash flow
It’s been a week of GOOD news, but our most significant experiences in the last few days have stemmed out of Nigeria.
Having spent a few days on a fact finding mission whilst we tie up our joint venture agreement, the prospects for BON hotels in one of the largest countries in Africa are most exciting. Although many opportunities have already been snapped up by the major hotel management companies in Lagos, our focus will be on properties in the capital, Abuja and Kano.