Uncategorized

Agile Democracy

Globally, we’ve seen an increase in strongman leaders who take a more authoritarian approach to run their countries. They have the mandate from the people, normally accelerated by populist speeches and changes in society that are in danger of disrupting the status quo.

The promise of these strongmen is pretty standard across the board, ” I’m here to cut through the politics and drive the change no matter what it takes.”. As a result, we’ve seen leaders literally find any opportunity to sidestep institutions in their way. Boris Johnson, for example, illegally suspended parliament in order to prevent a no-Brexit vote or Donald Trump sidestepping Congress to build a wall on the Mexican border.

While their tactics are questionable, democratically- elected strong men tapped into something that’s been an issue with democracies but further exacerbated by the present realities of the world. We live in a world of instant. We get information instantly. We communicate instantly. We get packages within hours where it used to take weeks. It seems like everything in our world got faster but our democratic process. Democracy, as an institution, seems super slow in today’s world. As a result, citizens are frustrated and feel like democracy, as it is, is not working for them. They’ve elected leaders who championed alternative methods and came from outside politics to change the way things are done in their respective countries.

I don’t believe more authoritarian leaders are a sustainable solution. We have to look at how to revamp our institutions so that they are more responsive to people’s needs and realities. We need to reshape policies and procedures so they are more inclusive to populations that don’t feel like they’re heard in the current democratic process. We need a form of democracy that is agile at its core but driven by the same steadfast democratic values that have gotten us this far.

Normally, I’d go into a summary of potential solutions but this is a multi-layered problem that could require a whole book to explain. To be brief, people need more active ownership of the democratic process. Democracy needs to be more accessible to citizens. We also need some procedural and structural changes to decentralize power but also centralize power when the system calls for it. Democracy needs a reboot.

Vacation

London In Pictures

Got a chance to spend more time in London than I normally get to spend in a European city. I didn’t bring my DSLR, but my One Plus 6 did a great job of capturing some cool shots.

One of the key features of London is the mix of the old and new. Throughout the city, you’ll see really cool modern architecture and structures right next to historic building and landmarks. I was blown away by how London is able to balance the heritage of its past with the promise of the new. I found out they regulate just about everything when it comes do construction and renovation. My cousin was telling me you have to get a permit to paint rooms in your house.

This picture particularly captures the dichotomy I mentioned. The London Eye is a modern imprint on London’s history and its paired right next to the aquarium (I believe) in a building that been around for a while ( 200+ years?) This is all next to a more modern building. London does a great job of managing its architectural past and present.

London to me has always been a nexus for connection. It’s only right that I would run into Danielle Coleman. We met in Paris a couple of years ago on a lay over back to the US. I went to Afro-punk and she was there with a couple of friends. Danielle was spending time in Paris and was looking to move back to the states. We kept in contact and used Instagram to figure out we were in London at the same time. It happens we were about 5 minutes away from each other so I walked over to Waterstone Bookstore and we caught up!

While London had a lot of “British” experiences, London is a melting pot for the world. You can go to great restaurants and bars that bring different parts of the world right to you. This was a “Japanese” bar on the 38th floor of a building in Central London. Great views, drinks, and aesthetics.

We got the sun to come out! The weather is a constant in London. I see why so many novelist and soulful singers come out of London. The weather definitely gives you time to be in your feelings. Drake should head out to London for a while for his next album.

Oh and yes, Big Ben is under construction.

Thats all for now. I’ll try to add more as I continue to edit pictures.

Africa · business

5 Reasons Why HNIs Aren’t Investing in the African Tech Space

This is in response to a twitter thread

Nigerian startups are yet to be backed & championed by local high net-worth individuals on a large scale. The result is a tech ecosystem powered mainly by foreign capital.

With thoughts from @TomiDee, @asemota, @OtunbaSho, @oviosu, my @qzafrica latest: https://t.co/5DXBHxMcfv— Yomi Kazeem (@TheYomiKazeem) January 22, 2019

HNIs = High Net-worth Individuals

  1. They’re too old– Average age of an African billionaire is 62ish… They are probably struggling to manage in the current world of emails and text messages. How would they see the value technology can provide to society and even their companies?
  2. If it ain’t broke – If I amassed my wealth by relationships and tangible / assets, why would I take a chance, let alone several chances, in something that only holds paper value? I’ve already established several moats that will keep me rich forever, why do I have to speculate on an industry when I can focus on things I can see.
  3. It doesn’t make financial sense– Alright, maybe I want to invest but the risk start-ups take on in Africa is higher than their counterparts ( I’d love to do research on this but we all know its true). Why would I invest in such a risky proposition when I can just buy government bonds or some land and see better returns?
  4. Not enough 0s- Even a later stage investment in some tech companies don’t make sense. An entry point for investment doesn’t even seem viable in the way some of the HNIs. Scale seems to be a problem
  5. They are afraid of their own death – African tech could be so dangerous, they stand to destroy the companies HNIs built. They are collectively starving out the competition.

Ultimately, the best way for HNIs to engage the tech space are as partners and not competition. I believe working with tech companies to figure out ways applications can solve real business problems and create scalable opportunities is the way forward. Think of further integrating Dangote’s supply chain by leveraging more digital solutions, or improving Otedola’s exploratory efficiency leveraging predictive analytics and drone tech. All thats possible with collaboration.

#MentalNote · Education

New Hobby Alert

Shot with a One Plus 5. I was visiting my brother’s apartment in Jersey City overlooking New York City and Hudson River.

Over the last couple of years, I’ve been interested in tapping into my inner creative. I’ve been looking for areas to explore where I can capture moments and share my perspective and thought photography would be a great place to start. So, I got a phone with an excellent camera and got a Nikon DSLR starter kit and now I’m ready to start sharing my journey to explore the world of photography.

I’ll continue to post pics on my Instagram account here , but I’ll use my blog to explain some of the shots in more detail.

#MentalNote · Idea!!! · Leadership

Getting Past No: A Non-Sales Person Guide To Objection Handling

If you’re doing life right, you hear no or get objections frequently. I had one of those days last week. I heard no/ objections to a lot of different projects, clients, and opportunities. Objections is easy to handle on a one off basis, but when you get an overload in a day, you’ve got to have a system or framework to help navigate objections in an effective and positive way.

I thought back to my early start-up days when I got a chance to work intimately with the sales team. I had the privilege to train under a sales genius who imparted a lot of sales wisdom and business experience on to me and the team. We didn’t have a pure sales training regiment, but I felt like everyday was an opportunity to learn from a well seasoned sales executive.

One of the lessons he taught our team early was on how to handle objections from prospects. Potential clients often say no for several reasons and a good sales professional has tools to identify their reasons for saying no and help the prospect get to yes. But most importantly, great sales professionals re-frame objection as an opportunity to learn more about the client and their needs.

We learned the L.A.E.R framework to manage our responses to objections. When we hear an objection from a prospect, we :

  • Listen– Take a step back and just listen to the prospect. Let them discuss their main concerns uninterrupted.
  • Acknowledge– Repeat back to them their concerns as you hear it. This helps to make sure you understand what they are saying but also they understand what they said during your conversation. Re stating a prospects objections also demonstrates you’re really listening to them and looking to seek a solution.
  • Explore– Most no’s or objections need to be unpacked. A great sales professional uses an objection to get to know more about the prospects needs and values. For example, a prospect might say your product offering is too expensive. What does that really mean? Is there a budget issue? Did you demonstrate and communicate the value your product/service provides? Asking more questions to understand their objections helps get past no’s and find new opportunities to help the prospect see the value in your product or service.
  • Respond– After identifying the objections, acknowledging their concerns, explored and unpacked the reasons for the objection, now you can finally respond with some recommendations. This may not always go in your favor. The main goal is help your prospect understand if the concerns you’ve discussed still exist and if so, what are the next step.

Overall, the L.A.E.R framework really helps to guide conversations with prospects during the sales cycle. It’s definitely applicable to any type of objection handling moments you’ll have personally and professionally. At the core of the L.A.E.R framework is need and a goal to understand and empathize with the prospect. Using L.A.E.R will help you get past objection and hopefully closer to yes.