Business Plan – Is It Still Relevant Today?

One prominent Nigerian entrepreneur caused a stir at a certain business conference for aspiring entrepreneurs where he was a guest speaker. At that conference, he told his mesmerized audience that he didn’t believe in writing a business plan. One of his obviously confused wannabe entrepreneur in the audience stood up and asked… “Sir, Did you mean that writing a business …

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8 Types of Business Insurance Every Entrepreneur Must Know About

There are many types of business insurance cover available out there for business owners.   Unfortunately many entrepreneurs, particularly small business owners seem not to know the  positive impact insurance can make on their businesses. Particularly in a developing country like Nigeria, insurance knowledge is low.  Ask someone whether he has a life insurance policy he will tell you he doesn’t …

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6 Steps to Create Your Company’s Financial Plan

Mastering your finances is one of the essential tasks of any entrepreneur. Yet many business owners overlook basic aspects of financial management that can give them greater control over their business and greater peace of mind.  Indeed, to have financial plan is a necessary step towards avoiding business failure Early Warning System The financial plan differs from the financial statements …

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5 Ways Digital Signage Can Benefit Your Small Business

In the current digital era, we have screens everywhere and people have a passionate love affair with all things digital. Shopping habits are changing and consumers are becoming more technology oriented than ever. Digital signage is now a trusted source of information used by consumers in choosing what to buy and where to shop. It offers new invigorating ways to …

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Effective Steps to Separating Your Business and Personal Finances

What I found common, in my interactions with a good number of entrepreneurs is that they find it difficult to separate their business finances from their personal finances. More often than not the entrepreneur uses proceeds from his business to finance family-related needs.  This practice is a major reason why businesses fail. It is important that entrepreneurs understand the difference …

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Steps to Register A Business In Nigeria

Post updated April, 2019 EASY STEPS TO REGISTER A BUSINESS IN NIGERIA Whatever be its nature, to get your business registered is one of the very important steps you must take to bring your business idea to reality.  Some people would have commenced trading before registering their businesses but it is advised that you do this at the preliminary stages …

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