Stillwater Equity Partners

Stillwater Equity Partners Stillwater is a Pan-African Private Equity & Investment firm specialized in building businesses in frontier markets, primarily in Sub-Saharan Africa.

Stillwater is a Pan-African Private Equity & Investment firm specialized in building businesses in frontier markets, primarily in Sub-Saharan Africa, while also earning good returns for investors. We specialize in recognizing value or the potential for value, and with a consulting-based approach, partner with management teams to build great businesses and improve their operations. Since inception

in 2012, we have extended this approach across asset classes to build strong organically grown companies in Ghana.

08/01/2016

Pause: Are you prepared to become very serious?

When I was a young entrepreneur just beginning to enjoy the first flashes of success in my business career, I befriended a very successful businessman from my homeland. Ariston Chambati was a towering figure in his day. He was the nearest thing I ever had in those days to someone you would call a mentor today. He'd already gained international recognition and often travelled to international meetings, and served on several international boards.

He would often say to me, "Master two things: your time, and finding the right person for a job. Get those two things right and you are on your way."

He was a "no-nonsense type" and he did not "suffer fools." If he invited you for a meeting, no matter what time of day, he would turn up on time and well dressed.

I will never forget how he once asked me to come see him late one Sunday evening. Arriving at his home, I found him dressed up and in his study. He never joked around and expected you to get to the point quickly.

After the meeting, I asked him why he went to such great lengths ahead of such a simple meeting, even with me. His response was well measured and serious.

He first explained to me a very painful experience he'd gone through on one of his business travels. Then he added: "Young brother (he always used a term of endearment in my mother tongue and I always addressed him by a similar term, which means "senior brother"), you have the talent to go very far. . ."

__"Only remember this," he said, "Don't expect others to take you seriously when you are not prepared to take yourself seriously. When you walk through that door, I want you always to know that I'm a serious person."

Those words still ring in my ears over what must be two decades now, as though that conversation took place only yesterday.

The men and women who are going to take Africa to the next level are those really prepared to become serious, very serious.

End.

Pan-Africanism requires a lot more...
16/11/2015

Pan-Africanism requires a lot more...

Pause: Modern Management

I once visited an elderly gentleman who ran one of the most successful supermarkets in my home town. He was a legend of his time, and everyone knew him to be "very rich." Knowing that I was keen to learn about business, he invited me to his office to watch him at work; this was a rare privilege and I took it with both hands. He allowed me to ask questions which he answered slowly and carefully.

I still remember some of the things: "You must work very hard." This was almost every third sentence.

He told me he started his day at 4 in the morning: "I'm here to open the shop every day, seven days a week."

"What time do you leave?"

"11 pm, after I have counted the money and done my reconciliations. I do it myself. I don't trust anyone."

"What about holidays?" I asked.

"I don't do holidays. That is for employed people," he said with an emphatic wave of his hand.

I listened, then I asked: "Why have you never expanded?"

"You can only be in one place at a time," he answered with finality.

"I tried it once and they stole from me."

I said to him: "You know there is a man I have been reading about from America. He has thousands of stores like yours, and he is one of the richest men in the world. He has so many stores, that he cannot visit all of them. And he also goes on holiday."

"Does he have a lot of children to help him?"

"Actually, no. He works with total strangers."

Finally, he sighed and said to me:

"I wish I had gone to school and learnt these modern management techniques that you talk about. We have to learn these things otherwise we will just end up running small things. I never went to school, but I yearn to learn these things, only now I'm too old and set in my ways."

I was deeply saddened because I realised that with his entrepreneurial zeal, armed with the modern tools of management and the right exposure, he could easily have built a pan-African business.

When the old man died, his sons took over the business and ran it to the ground in no time. All gone.

There are a lot of people like him. They work very hard, and many long hours. No one taught them that there are many modern management tools that can make them more productive and profitable. They can also have a better quality life.

You still have to work hard, but not that hard. Just be smart, and learn the tools of modern management.

Even now after 29 years in business, I still spend a lot of time reading business management books and articles. I try to learn new techniques that can make me sharper and more productive. It is a continuous process, which should never stop.

The other day, I said "I'm a numbers guy," and some people even asked, "What are numbers?"

__ It's a business management technique whereby you do not start a business without first developing a business plan with well researched marketing and financial projections. When you start the business, you must develop budgets, and adhere strictly to them. You collect statistics continuously on what is going on in every aspect of your business and use the data to drive your decision making.

End.

You've been invited...!
03/11/2015

You've been invited...!

01/11/2015

Patrick Bet-David Stillwater Equity Partners

We at Stillwater Equity Partners want to keep this on our wall. When an indigenous brand is making waves, we salute it a...
27/10/2015

We at Stillwater Equity Partners want to keep this on our wall. When an indigenous brand is making waves, we salute it and tell the whole world about it.

http://www.myjoyonline.com/business/2015/October-27th/mpedigree-a-ghanaian-solution-to-global-counterfeiting-the-story-of-gtp.php

MPedigree Goldkeys

Only few entities are solving Ghana's many problems. Even fewer are attempting a global solution to the world's challenges. mPedigree is one of the few companies doing both, breaking the monotony of excuses and explanations that have underlined most of Ghana's heroic failures.

22/10/2015

The Regrets, Cry and Fears of Entrepreneurship Alibaba.com President speaks.
Stillwater Equity Partners

National StartUp Festival on the 7th of November, 2015 at the British Council,Ghana
20/10/2015

National StartUp Festival on the 7th of November, 2015 at the British Council,Ghana

20/10/2015
National StartUp Festival at British Council,Ghana  7.11.15BeThere!!!!
14/10/2015

National StartUp Festival at British Council,Ghana 7.11.15

BeThere!!!!

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No. 25. Ayebeng Drive, Adenta
Accra
00233

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