Chartered Accountant and business analyst Success Ajilore has emphasized the importance of financial discipline, responsible borrowing, and structured business systems as critical factors for the survival and long-term sustainability of small and medium-scale enterprises (SMEs) in Nigeria.
Ajilore spoke during the SME Hangout programme organized by BusinessDay Newspapers under the theme: “Financial Literacy for SMEs.” The event featured industry conversations around financial management, sustainability, and business growth in Nigeria’s challenging economic environment.
Speaking during the panel session, Ajilore stressed that one of the most important mindset shifts SME owners must embrace is the need to build businesses that can survive independently of the founders themselves.
“Business owners should have a mindset to build a brand that outlives them,” she stated.
Using the founder of House of Tara as an example, Ajilore explained that sustainable businesses are built through systems, structures, mentorship, and leadership development rather than depending solely on the founder’s daily presence.
