Reading Time: 8 minutes 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. …
Reading Time: 7 minutes What kind of small business can I do with 100,000? I get asked this question very often. Fact! There’s always a small business that you can do with little capital. However, I don’t think this is the right question to ask when you are thinking of starting a business. The reason is that asking questions like these compels you to …
Reading Time: 5 minutes 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 …
Reading Time: 4 minutes Challenges of the rampaging Covid-19 may force financial firms operating in the Unsecured Business Loans space out business soon; this writer observes. Often, our dreams are bigger than our bank accounts. You might want to start a pizza shop downtown. Or, you might have your eye on that 2,000 square foot home in the suburbs. In these cases and others, …
Reading Time: 5 minutes 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 …
Reading Time: 7 minutes In this post I highlight 10 Industries to invest in 2020. If you desire to own your own business this year, the tips here will help you make informed decisions. The type of business you chose to do is a critical to your success as an entrepreneur. Most aspiring entrepreneurs make the mistake of believing that selling what people need …
Reading Time: 9 minutes Business Opportunities In Waste Management? What comes to your mind whenever the expression “waste management” is mentioned? If you are like most people, it is probably Refuse Collectors or Scavengers that come to mind. Yes, those people that haul the rubbish from households. Waste management is much more than collecting garbage from your residence. It is a big industry that …
Reading Time: 4 minutes Anybody can make money in Nigeria! How? You may ask, with the scary statistics that we read in the press every day. Nigeria today has more people living in extreme poverty than any other place in the world. World Poverty Clock reports that the number of extremely poor people in the country is increasing by six every minute. By the …
Reading Time: 7 minutes The Nigeria solid minerals sector is one big untapped opportunity for investmet and business. As Nigeria makes efforts to diversify her economy away from crude oil, the exploitation of solid minerals is the next big thing apart from agriculture. There are at least 44 solid mineral types in Nigeria’s soil most of which are available in proven commercial quantities but …
Reading Time: 7 minutes Agent banking is beginning to gain currency in Nigeria, yet not so many people know about it. If you have an existing small business that brings in cash on a daily basis, you can diversify your revenue streams by becoming a bank agent. Who is an Agent Bank A person or entity who, not being an employee of a bank, …
