- Ubi Franklin, a Nigerian talent manager and music executive, shared his experience of losing over ₦1 billion in a failed business investment.
- He revealed this story on July 22, 2026, via his Instagram page.
- The account was part of his podcast series, “Talks with Ubi Franklin,” focusing on business, entrepreneurship, and personal lessons.
Nigerian talent manager and music executive Ubi Franklin has shared the difficult experience of losing more than ₦1 billion in a business investment that failed before it could fully begin.
Franklin revealed the story on July 22, 2026, through his Instagram page as part of his Talks with Ubi Franklin podcast series, where he discusses business, entrepreneurship, and personal lessons.
According to the music executive, the venture started from a growing customer base in the laundry service industry. After noticing strong demand, he decided to expand the business by establishing a large-scale industrial laundry company.
To bring the idea to life, Franklin travelled to Italy to purchase industrial-grade equipment, acquired a property, and committed significant resources toward setting up the operation.
However, challenges emerged before the machines even arrived in Nigeria. He explained that difficulties with port clearance and documentation resulted in costly delays and demurrage fees, preventing the equipment from reaching the country on time.
By the time the issues were eventually resolved, Franklin said the business opportunity had already disappeared. The delay affected cash flow, the market timing was lost, and the venture could no longer continue as planned.
Reflecting on the experience, the entrepreneur explained that business failures do not always happen because an idea is poor or because there was a lack of effort. He noted that external factors such as timing, logistics challenges, and unexpected setbacks can affect even well-planned ventures.
Franklin also used the experience to share a message with business owners about knowing when to let go. He warned against allowing pride, pressure, or the money already invested to keep people trapped in failing ventures.
“Don’t let pride, pressure, or sunk costs keep you in something that’s costing you your peace, your health, or your future. It’s better to leave the business than to let the business bury you,” he advised.
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Read some comments below;
@iampatrickknox:”UBI, these talks has really help a lot to encourage people in different facets of life, sharing your experiences will continue to sharpen the lives of many, I hope you don’t stop soon, well done bro.”
@princetheophiluz:”One thing I’ve learnt in life is… No matter the business you’re doing, if it costs you your peace, shut it down! I shut down a business last year because it was costing my peace… And started all over again. And it’s worth it. Thank you for these valuable stories. Well done🙌”
@ettabellahair:”Your content is insightful and engaging. Please don’t stop posting. 🙌”
@brown__naya:”I invested less than a million in a business that flopped and I almost killed myself because I used all my savings….Thank you for sharing ubi 🙌”
@rushvantv:”Every failure carry a lesson because a great idea is coming out of it to will make you keep moving. If I were to one I would have hold my own laundry service and get it insured. God bless you my brother”
