Maintenance Is Death

I recall during my days at the university, we had a VC (Vice Chancellor) who most came to accept as one with a knack for excellence.

?

His time as Vice-Chancellor birthed a few yet powerful policies which brought in a level of advancement that greatly impacted the school community.?This season also saw the introduction of a Solid ICT department, rapid reduction of cultism and cult activities on campus, and an upgrade in the lecturing experience due to a better system of accountability.

?

During one of the holidays, we suddenly saw a group of technicians, fixing lecturing halls, classes, and even mounting air conditioners. The air conditioners specifically because it was a whole new development. It was surprising yet commendable and commendable to say the least.?I mean considering where we were.

This went on until his transition. A new VC came into the scene and to greatest fear, and ironically, as expected, the ACs got spoilt, and parts got stolen. Facilities gradually started going back to its previous deplorable state, people started corrupting systems that were once accountable.

The new administration complained they couldn't maintain this innovation due to growing costs. A few Students argued but I wasn't surprised.

This is what happens when businesses prioritize maintenance over growth.?

In countries like Nigeria where inflation is over 24%, failing to increase your business output by at least 30-50% yearly will eventually lead to the death of that business.?

?

Let me quickly break this down:

?

Let's say your business makes over N100M In revenue and your running cost is N50M. At an inflation rate of 22%, yearly your running cost will most likely move from 50M-61M>74M in three years.... up until running cost begins to chew into everything and your business goes into a coma.

?

The school wasn't making enough money to keep the facilities running excellently. There were no innovation, no growth hence a decline in maintenance.

?

As a business owner, there are only two ways to solve this challenge.

1. Increase your product value offering and price?

2. Get more clients and grow more profits.

?

In my next letter, I'll share more details on how to go about this.

Until then, Stay winning.

Jagz.