My neighbour is fascinated by Bloomberg’s Billionaire’s Index, in which the 500 wealthiest persons in the world added $1.2 trillion to their combined wealth in 2019. They boosted their collective net-worth by 25% taking the numbers to $5.9trillion!
He believes all the small and medium size entrepreneurs in Nigeria who danced to Teni’s I want to be a billionaire’s hit during the holidays, should take a cue from the report. With regards to their billing and mark-up. Since the wealthiest increased their net-worth by 25%, he believes these business owners should make 25% their own mark-up this New Year.
Will they ‘hammer’ or ‘blow,’ like they say, if they peg their mark-up at 25%?