Get Business Ideas, Learn to Invest and Gain Financial Freedom
by 0 Starting a business is not easy. Growing your small business may even be more challenging. According to some studies, approximately 22% of new businesses failed in their first year, 30% in their second year; 50% fail in their fifth year and 70% don’t make it past their 10th anniversary. In other words, it may be easy to start a business …
by 0 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 …
by 0 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 …
by 1 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 …
by 0 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 …
by 0 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 …
by 0 Tax! Let’s talk about it. A good number of small and medium business operators do not understand tax matters and how these affect their businesses, hence the high level of noncompliance. A certain study showed that over 80 percent of small businesses in Nigeria don’t pay taxes. Some only realize the need to pay tax when their business premises are …
by 0 No entrepreneur wishes to start a business that will fail. But the incidence of business failure is a reality. According to statistics 8 out of 10 new businesses fail within their first eighteen months while only about 30% of them survive their 10th anniversary. Economic challenges and bad government policies are some of the excuses an average entrepreneur will give …
by 1 There are effective ways to raise capital for your new business that you don’t know about. You are not alone! Getting the needed funds to get his ideas off the ground is every aspiring entrepreneur’s nightmare – well may be not all. If you happen to be a beneficiary of a large inheritance, you probably will not have any difficulty …
by 0 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 …
