Whether you are investing in shares of quoted companies, or shares traded at the OTC platform or you are investing in government bonds, you are required to have a CSCS Account. Why? It is a requirement for investment in securities traded in Nigerian capital market The Securities and Exchange Commission has given a deadline to eliminate the issuance of physical share certificate. Thus, all investment in shares shall be electronically held, It is easy to monitor your investment portfolio with a CSCS account It guarantees the safety of your investment
Proper book keeping helps you to track the progress of your business, measure performance, and take informed decisions. It is a fundamental tool of strategic planning and most importantly, it helps you meet the requirement of the law.
[pullquote]How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.–Robert G. Allen[/pullquote] If your growing-up was like mine, your parents probably would have drummed it into your ears, especially on getting your first job after finishing college that you must save. But they failed to teach you how to save money. Neither did the schools we attended. Truth is you cannot get rich by simply saving money.
Did you know that there are intervention funds set up by the government to help SME’s finance there businesses? Why am I discussing it in this post? Available data shows that 8 out of 10 new small businesses do not survive beyond the first 18 months after they started. That is a staggering 80% mortality rate. Many reasons have been adduced for this parlous state of affairs.
Have you ever tried to get a business loan from your bank? What was your experience like? Most small business owners I ask these questions give depressing answers: frustrating, nightmarish, not very palatable. Their frustration usually begins from the complex application process to the stringent conditions the banks would require them to meet. Their conclusion always come to this:
Anybody can get rich in real estate. Really? Yes. Like you, I had always thought that real estate business is an exclusive preserve of the ultra wealthy individuals until a casual experience changed my opinion. In 2013, I bought a small parcel of land measuring 30 x 120 sq. m., somewhere around Ibeju Lekki where I had hoped to put up a small bungalow to live with my family.
Many people have the aspiration but very few know how to start a business. Being your own boss gives you an exciting feeling but to so many people, the excitement disappears as soon as they start. The reason is simple: many aspiring entrepreneurs don’t take the right steps in developing their business ideas, hence many businesses fail for this reason. How then do you start a business that succeeds? This is the exact questions I provided answers to in the following paragraphs. #1 THINK THROUGH YOUR IDEA. A poorly conceived business will fail. At this stage, you may have a…