Maryland Mall Opens For Business- “The Big Black Box”
The Maryland mall was official opened for business yesterday Tuesday 28 June, after a year and 8 months of construction and N5 billion in capital investment.
The mall, which boasts of the largest LED screen in Sub-Saharan Africa, was funded by Stanbic IBTC and Axa Mansard, and the construction executed by Purple Capital Partners Limited.
Sola David-Borha, chief executive office (CEO) of Stanbic IBTC, who represented Atedo Peterside, CEO of Stanbic IBTC Holdings PLC, praised the “discipline, focus and resilience of indigenous financial industry firms like Purple Capital” as worthy of emulation.
“This successful delivery of the Maryland Mall project showcases the fact that domestic investment fuelled by the indefatigable spirit of Nigerian entrepreneurs is key to driving social harmony and national economic growth,” he said.
Tosin Oshinowo, the architect who designed the mall, expressed pride in being part of the indigenous mall called ‘the big black box’.
She said “the screen which is 60 metres long is the longest in west Africa, also ensures revenues opportunity” for the mall, and is unconventional with no windows, yet adequate lightning.
Omotola Mobolurin, chairman, Purple Capital Partners Limited and chairman, Capital Bancorp Ltd, expressed his delight with the safe delivery of the facility.
“I am delighted about the safe arrival of this new retail, lifestyle and entertainment infrastructure, with the capacity to provide merchants and shoppers with amenities and services that befit the state’s mega-city status,” he said.
“It is particularly gratifying that the construction and financing for this retail development is being concluded on time and within projected funding estimates.”
Located where the defunct Maryland Shopping Centre was once located, Maryland Mall sits on one of the most important arterial routes in Lagos today, with an estimated 5,000 cars passing through every hour.
The mall sits on a total land size of 7,700sqm and will have the first dedicated underground car park within any mall in Nigeria.
It will play host to a mix of local and international brands anchored by Shoprite, The Place restaurant, Stanbic IBTC Bank, amongst other retail, hospitality and entertainment brands.
The exterior of the mall will be a 550 square metre LED screen, the largest in Sub-Sahara Africa. This unique feature will set it apart from any other retail complex in Africa’s most populous nation.
Currently, only 2% of Nigerians shop in formal retail supermarkets compared to 60% of South Africans, 30% of Kenyans, 4% of Ghanaians and 2% of Cameroonians.
Photo Credit: www.thecable.ng
5 Tips To Start A Business
There are so many things that comes in mind when you want to start a business.
Here are 5 tips that would be helpful and might come in handy when you want to start your own business.
1. Do what You Love
The driving power or force of an entrepreneur is the passion in them that drives them to do what they love. You must love what you’re doing since you will be spending your time and energy nurturing the business.
2. Make Plans
Ensure that you create a business plan when you want to start up yours, this brings about understanding and helps you strategize important ideas for your business. Having a solid business plan is very important.
3. Source Of Capital
Always be aware that when you start a business, you won’t become wealthy or rich overnight, you may not gain your profits immediately. However, it is advisable to have a source of capital in order to ensure of smooth-running system of your starting up process.
4. A Team
In business, you cannot do it all alone, you’re not an island and you would require some level of support specifically a team that supports you and your ideas, you might require a mentor who can always guide and provide you with helpful advice. You might as well hire a consulting firm.
Don’t wait until your business officially starts before you make contact with potential clients, start now to promote your business and network yourself. This will give you some form of assurance.
3 P’s To Build A Long-Standing Business
When starting a business what comes to mind? Is it to gain profit or for it to last long?
Many would say profit, their main purpose of even building the business is to gain profit but however, won’t you want your business to last long? Even if you step down or pass down responsibility, wouldn’t it be a great opportunity to see your business flourish even when you aren’t there.
Here are 3 Ps to build a business that will survive long after you’re gone.
Having people with great talent to carry your value, vision and mission is a necessity. You need to build a people machine by recruiting new talents that will bring new and fresh ideas that will make your company grow and also replacing employees that require replacement. However, this people machine should run smoothly, it is even advisable to hire an outside recruiter to do this.
This is where matters concerning strategy and execution comes in, this is where you define the key goals you want your company to achieve and the mechanisms or methods involved in delivering them and holding people accountable for their various duties. This phase determines how you measure progress. Have your goals and projects set, while you distribute the various responsibilities to your employees ensure you hold them accountable.
This has to do with the rules governing your entire business, has to do with ethics, interpersonal relationships with co-workers, employees, customers and partners. You need to set policies to guide the everyday activities of your workers in order not to risk anyone crossing the lines. Be thoughtful and systematic about the policies you form, always keep in mind what’s best for your company.
5 Soft Skills That Will Save Your Job
While you are busy acquiring all the skills in this world, it is also important to acquire soft skills because these days, a university degree and your long years of working experience is not enough and saying that the world is moving quickly is an understatement, Everything is happening so quickly that you might wake up and discover that robots have taken over your job. That is why it is important to improve your soft skills too.
Here are 5 important soft skills that will save your job
Being creative often means being able to solve problems and manage situations with limited resources.
Both written and verbal communication skills helps boost your performance because they help you to extract clear expectations from your manager so that you can deliver excellent work.
It is the capacity to be aware of control and express one’s emotions and to handle interpersonal relationships with empathy. It is important to find time outside of the office to explore new experiences that allows you to explore new experience that helps you grow, and build empathy for others. One can get these skills by volunteering, reading, attending conferences and cultural events and more.
A company’s success is not dependent on just one person. A company’s success is the result of many people working towards a common goal. When employees can contribute their talents, everybody wins.
When people with diverse backgrounds and perspectives are together in high-pressure environment, conflict naturally arises. Hence, an employee with great conflict management skills is an asset to the organization as the individual ensures that their bosses don’t have to do the dirty works of settling conflicts among colleagues.
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