Notes / 0610 min read
Build for permanence, not applause.
I am less interested in building companies that look impressive today than in building institutions that will still matter when nobody remembers the excitement surrounding their beginning.
Jed IbekweFounder, Chairman & Group CEO

There is a lot of pressure in business to be seen.
Announce the company. Announce the product. Announce the expansion. Announce the partnership. Announce the funding. Announce the numbers. Announce what comes next.
Visibility has value. A company needs customers to know it exists. A brand needs a voice. Founders need to communicate their vision.
But visibility can also become a trap.
At some point, you have to decide whether you are building something to be noticed or building something to last.
I want to build for the second.
Because attention is temporary.
The institution has to remain after the attention moves somewhere else.
The beginning always gets more attention
Starting something is exciting.
There is a name. A logo. A website. A launch. A story about what the company intends to become.
People are naturally attracted to beginnings because beginnings are filled with possibility.
But companies are not built at the beginning.
They are built in what happens afterward.
The ordinary days. The difficult months. The years when nobody is watching. The customer complaints. The hiring decisions. The mistakes. The financial discipline. The systems. The improvements. The decisions to continue when the original excitement has disappeared.
Anyone can announce an ambition.
Execution is what determines whether that ambition becomes an institution.
I don't want to confuse appearance with progress
This is something I think about within my own journey.
I care deeply about presentation.
I believe companies should be well designed. Brands should communicate clearly. Offices should represent standards. Products should feel intentional. Websites should be excellent.
But there is a line that has to remain clear.
Presentation should communicate progress. It should never become a substitute for progress.
A beautiful brand cannot rescue a weak business.
A sophisticated website cannot replace customers.
A large office cannot replace healthy economics.
A founder's public profile cannot replace operational competence.
And the number of companies under a Group means very little if those companies are not becoming stronger.
The substance has to justify the presentation.
Permanence changes the questions you ask
When you build for today, you ask: how quickly can we launch?
When you build for permanence, you also ask: what happens after we launch?
When you build for today, you ask: how much can we grow this year?
When you build for permanence, you also ask: can the organization support that growth?
When you build for today, you ask: who can help us now?
When you build for permanence, you also ask: what kind of leadership will this company require five years from now?
The time horizon changes the quality of the decision.
You begin thinking beyond immediate outcomes.
You think about reputation. Culture. Governance. Capital. Succession. Infrastructure. Leadership. Institutional knowledge.
And the ability of the company to survive periods when things do not go according to plan.
Build beyond the founder
One of the strongest tests of permanence is uncomfortable for founders.
Can what you are building eventually function without you?
A founder may begin the company. Define the vision. Create the culture. Make the first decisions. Recruit the early team. Provide the initial energy.
But if the organization can only function when the founder is present, then the organization remains fragile.
I don't want the companies I build to depend permanently on my presence.
I want my influence to remain in their principles, standards, architecture and culture.
But eventually, capable people must be able to lead them.
Systems must preserve knowledge.
Governance must protect direction.
The institution has to become larger than the individual who started it.
That is one of the differences between building a personal empire and building an institution.
I am interested in institutions.
Reputation compounds quietly
There are assets that do not appear immediately on a balance sheet.
Trust is one of them.
A company that consistently does what it says begins accumulating something valuable.
Customers remember. Employees remember. Partners remember. Investors remember. The market remembers.
Reputation compounds slowly, but it can become one of the strongest advantages a company owns.
The opposite is also true.
You can spend years building trust and damage it through one period of careless decisions.
This is why permanence requires thinking beyond the immediate transaction.
Sometimes the profitable decision today can become the expensive decision tomorrow.
If you intend to operate for decades, reputation becomes part of your capital.
Institutions require standards
A company cannot become permanent without standards.
How do we treat customers? What quality do we accept? How do we handle money? How do leaders behave? What happens when we make mistakes? What do we refuse to compromise?
These questions matter because eventually the founder will not be present for every decision.
The organization needs principles capable of guiding behaviour when leadership is not in the room.
Standards also determine what becomes normal.
If mediocre work is repeatedly accepted, mediocrity becomes part of the culture.
If deadlines are optional, eventually everyone understands that deadlines do not matter.
If accountability only exists when the founder becomes involved, people learn to wait for the founder.
Permanence requires standards that survive personalities.
Some growth should be refused
If your objective is simply to become bigger, almost every growth opportunity can look attractive.
But permanence requires another filter.
What kind of growth is this? Does it strengthen the business? Does it weaken quality? Does it create unhealthy dependence? Does it stretch the team beyond its capability? Does it require capital the company cannot responsibly support? Does it move the company closer to its long-term direction?
Sometimes the correct answer is to grow more slowly.
That can be difficult when competitors appear to be moving faster.
But companies do not all run the same race.
I would rather build at a pace the foundation can support than create growth that eventually collapses under its own weight.
Capital should have patience
Building for permanence also changes how I think about money.
Capital is not only something to spend.
It is something to allocate.
Every naira placed into one part of a business is a decision not to place it somewhere else.
That creates responsibility.
There will be moments when aggressive investment makes sense. There will be moments when preservation matters more. There will be companies that deserve additional capital. Others may need to prove more first.
The objective should not simply be to fund ambition.
It should be to fund durable value creation.
The same applies to profits.
A company can distribute everything it earns, or it can reinvest some of those earnings into systems, technology, people, infrastructure and capabilities that strengthen its future.
Permanence requires thinking beyond the current period.
Technology should survive products
This philosophy also influences how I think about our technology strategy.
Products will change. Interfaces will change. Technology will change.
Some applications that appear important today may become irrelevant.
So beneath individual products, I am interested in building capabilities that can remain useful even as the products evolve.
Identity. Financial infrastructure. Data. Intelligence. Permissions. Files. Search. Operational infrastructure.
These are some of the ideas influencing how we are approaching Centradeck.
The objective is not to predict exactly what every product will look like ten years from now.
That would be impossible.
The objective is to create foundations capable of supporting whatever the ecosystem becomes.
Good architecture should create room for evolution.
Je'don Group should outgrow its current form
The Je'don Group that exists today should not be identical to the Je'don Group that exists twenty years from now.
Some companies may become much larger. Some may evolve. Some may combine. Some ideas may disappear. Entirely new businesses may emerge.
Markets will change. Technology will change. Africa will change.
The structure should be capable of changing with them.
What should remain is something deeper.
The standards. The purpose. The discipline. The infrastructure. The ability to build. The willingness to adapt. And the commitment to creating long-term value.
I am not trying to preserve today's organizational chart forever.
I am trying to build an institution capable of continuing to evolve.
Legacy is not a slogan
People use the word legacy frequently.
I use it too.
But I think it is worth defining what it actually means.
Legacy is not having your photograph in an office. It is not naming buildings after yourself. It is not being remembered simply because you were successful.
For me, legacy would mean building things that remain useful.
Companies still employing people. Infrastructure still enabling businesses. Homes still being lived in. Technology still solving problems. Leaders who became stronger because they passed through the organization. Businesses that continued creating value after the people who founded them were no longer responsible for their daily operation.
That is a much harder form of legacy.
Because you cannot manufacture it through storytelling.
Time decides whether it is real.
Africa needs institutions, not only startups
I believe this matters particularly for Africa.
We celebrate entrepreneurship, and we should.
Africa needs founders. It needs innovation. It needs startups. It needs people willing to take risks.
But the continent also needs companies capable of surviving generations.
Companies that become trusted institutions. Companies that build infrastructure. Companies that develop talent. Companies that accumulate knowledge. Companies that can invest through economic cycles. Companies that expand beyond their original markets. Companies that other businesses can depend on.
The journey from startup to institution is not automatic.
It requires a different mentality.
Starting asks: can we create this?
Institution building eventually asks: can this endure?
Africa needs both questions.
Do the work when nobody is watching
Some of the most important work we are doing within Je'don Group right now is not particularly exciting to announce.
Strengthening existing companies. Improving leadership. Clarifying structures. Developing technology. Building internal systems. Creating stronger financial visibility. Improving execution. Developing Centradeck. Making decisions about what deserves to be built next and what should wait.
This work does not always produce a headline.
That is fine.
Because the work that creates permanence often happens quietly.
Foundations are usually underground.
People admire the building later.
Applause can distort decisions
Attention creates its own incentives.
Once people expect you to keep announcing things, you can begin making decisions partly because you want something new to announce.
That is dangerous.
The market does not care how frequently you announce.
Eventually, reality catches up.
Did the product work? Did the customers stay? Did the company become profitable? Did the expansion create value? Did the partnership matter? Did the infrastructure become useful? Did the company survive?
Those are much harder questions.
I want our decisions to be driven by what strengthens the organization, not by what creates the most immediate reaction.
Sometimes the most important announcement is no announcement at all.
Just work.
Think in decades
One of the mental shifts I am trying to make is thinking in longer periods.
Not only: what should we achieve this year?
But: what are we trying to become over the next decade?
What capabilities should exist? Which industries should matter? What infrastructure should we own? What should we integrate instead of build? Which companies could become category leaders? What should Je'don Group represent? What would make the organization valuable even if I were not running its daily operations?
Thinking in decades does not mean moving slowly.
It means understanding what the speed is supposed to produce.
You can move extremely quickly in the right direction.
You can also move extremely quickly nowhere.
Direction matters.
Build something time can strengthen
There are businesses whose greatest advantage comes from being new.
There are others whose advantage becomes stronger with age.
I am interested in the second category.
A trusted brand becomes more valuable with time. A strong network becomes more valuable with time. Operational knowledge becomes more valuable with time. Good data becomes more valuable with time. Infrastructure becomes more valuable as more people depend on it. A capable leadership culture becomes more valuable as it produces more leaders.
Relationships compound. Reputation compounds. Knowledge compounds.
The objective should be to build assets that time strengthens rather than businesses that constantly need novelty to remain relevant.
I am still early
I am careful when talking about permanence because we are still early.
Je'don Group was formally established in 2021.
There is a long distance between building for permanence and proving that something is permanent.
That proof requires years. Then decades.
There are systems we still need to build. Companies we need to strengthen. Mistakes we will make. Ideas that will change. Assumptions that will prove wrong.
The important thing is the direction.
I want to make decisions today that increase the probability that what we are building still matters tomorrow.
And then make better decisions tomorrow.
Again and again.
That is how permanence is built.
What remains after the attention moves on?
Eventually, every announcement becomes old news.
Every launch becomes yesterday's launch. Every trend moves on. Every founder stops being the newest founder.
Eventually, nobody cares that a company once had potential. What matters is what you actually built.
Then only one thing matters.
What did you actually build? Did it work? Did it create value? Did it improve people's lives? Did it become stronger? Did it survive? Did it become useful enough that people wanted it to remain?
Those are the questions I want my work to answer.
I appreciate recognition when it comes.
But recognition cannot be the objective.
The objective is to build something worthy of recognition even when nobody is watching.
Build for permanence.
Let the applause be optional.