UGANDA, Kampala | Real Muloodi News | PML Daily‘s recent article about Uganda’s biggest success story, Real Muloodi billionaire Sudhir Ruparelia, gives an insight into the fundamental secret behind his mega achievement in the business world. The report was a recap from a Webinar interview Sudhir earlier had with Billionaire Tomorrow. This publication focuses on hard work and the struggles of wealth creation on the African content.
Arguably the most refined entrepreneur in Uganda’s history, Sudhir is the chairperson of Ruparelia Group. Ruparelia Group is a conglomerate chain of business establishments. Sudhir is the number one taxpayer in Uganda.
From a casual taxi driver in the UK, Sudhir has built an empire brick by brick. Recently, Forbes listed him among The Top 100 Entrepreneurs in Africa. His story is truly an inspiring one that he rarely comes out to share with the public.
The property mogul told Billionaire Tomorrow that 30 years ago, as an ordinary entrepreneur, he used his meagre savings from taxi driving to start his first business in Uganda. Today, the Ruparelia Group’s business interests extend to hospitality, education, real estate, finance, insurance, labour export, and agriculture, among others. The Group has operations in Uganda, Kenya, Tanzania, Rwanda, Burundi, Asia, Europe, and other parts of the world.
Sudhir Ruparelia’s secret? Don’t overextend yourself with too much debt. He extensively discussed his opinion on borrowing to raise operating capital in business during his interaction with Billionaire Tomorrow. Anyone striving to succeed in business should attentively listen to Sudhir’s advice.
“Do not expand quickly, outside your means,” Sudhir cautions, “Allow organic growth. So long as you have a good amount of cash flow coming in, you need to first focus on projects which you can fund.”
Although one would expect Sudhir, an investor in financial institutions, to preach in favour of massive borrowing, he doesn’t.
“Avoid borrowing if you can,” Sudhir wisely points out. “First, try to grow according to the cash flow you have and are creating. It is probably the best option. Because the truth is said, opportunities come all the time, especially when you have good cash flow. Take those opportunities,” Sudhir told Billionaire Tomorrow.
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