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Lessons from a Sh2.7m Business Blunder

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 16 May 2020.

Published on May 16, 2020, Diego Ngugi Wilson, managing director at County Guards, a security solutions firm, shares his story of business growth and lessons learned from a costly mistake.

Wilson achieved significant expansion in just six months, opening four county offices in Mombasa, Meru, Murang’a, and Embu. He attributes this success to teamwork, a clear vision, and meeting set timelines.

However, Wilson also shares a cautionary tale of losing Sh2.7 million within three months due to trusting a business partner. He emphasizes the importance of trust and due diligence in business dealings.

Wilson's experience highlights the value of involving his team in decision-making, rewarding workers for exceeding expectations, and prioritizing customer satisfaction. He also stresses the need to cultivate the right attitude and treat everyone with caution.

Reflecting on his journey, Wilson advises being prepared for life's ups and downs and not being a slave to money. He prioritizes honesty, genuineness, and trust in God.

Wilson's story serves as a reminder of the importance of careful planning, trust, and due diligence in business.

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