{
  "id": 7818947,
  "title": "Trust – The Entrepreneur’s nightmare",
  "url": "https://urgent.news/2026/09/16/trust-the-entrepreneurs-nightmare",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T15:42:19.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/16/trust-the-entrepreneurs-nightmare/"
  },
  "original_language": "en",
  "account": "Trust is an essential element for entrepreneurs building and running their enterprises. Trust comprises various aspects such as integrity, transparency, principles, and values. Empowering others and delegating responsibilities are crucial for growth, reducing key-man risk, and institutionalizing processes. The entrepreneur should focus on their vision, growth plans, and market expansion, believing in the capabilities of their team to execute the plans guided by trust.\n\nThe author has experienced significant breaches of trust while attempting to devolve power and empower staff. In a case in London, he lost N50 million due to the untrustworthy actions of a producer who abused the delegation and empowerment given to him. Another incident led to a breach of N millions, causing damage to the brand's reputation.\n\nUpon hearing about the latest breach, an associate criticized the entrepreneur for not double-checking responsibilities. The associate emphasized the importance of scrutinizing printing costs, invoices, and other expenses to avoid falling victim to people who scam entrepreneurs.\n\nRecognizing his approach to human capital acquisition, the entrepreneur admits to being easily swayed by people because he loves them. He does not conduct adequate background checks and assumes people will behave like him. This carelessness led to the London fiasco, where the entrepreneur trusted a highly recommended, overqualified individual who stole N50 million.\n\nDespite these setbacks, the author believes that devolving into a one-man model is not the solution. He still believes his management style, which includes visioning, building relationships, and expanding horizons, is the best. However, he acknowledges the necessity of building structures that protect, audit, and screen human capital while detaching himself from the process, allowing it to flow uninterrupted. Ultimately, a successful CEO must understand human capital and, more importantly, the trust element in human capital deployment.",
  "summary": "In building and running an enterprise, many entrepreneurs usually do not look at the Trust element and its impact on business Trust comes with varying inroads – integrity, transparency, principles, values, to mention a few. In building a viable business, the need to delegate and empower is very crucial to growth. Apart from growth, it […] The post Trust – The Entrepreneur’s nightmare appeared…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}