Thursday, 8 February 2018
Thursday, 6 July 2017
8 Quick Ways to Improve Cash Flow of Your Business
Cash flow management is an essential practice to smoothen financial ups and downs of your business. It helps you understand your financing needs that may help to boost your business bottom line. The poor cash flow management can derail even a profitable company.
Small and medium sized businesses have always been troubled by late payers, debtors and defaulters. Focus on better cash flow management to reduce the brink of the cash squeeze and become a stronger business. Considering that this particular sub-set of clients continue to make life difficult for entrepreneurs, here are some tips to keep the cash flowing
Wednesday, 26 April 2017
50 Hot Selling Products To Import & Make Profits in Nigeria
If you have been wondering what items to import into Nigeria and make your profits, here’s your chance.
The good thing is that the Nigerian market is so wide enough and demand for items that improves their lifestyle is forever increasing.
Therefore, smart importers like you and I can jump on this golden opportunity to reap the gains attached.
Err…that depends on if you know exactly what item to import that sells really fast.
The first thing to do before importing is to take a good look around you to see what people’s needs are.
Wednesday, 12 April 2017
NIGERIAN CELEBRITIES IN BUSINESS
Don’t put all your eggs in one basket” is one saying that is often said in Nigeria but in the actual sense, only few understand what it actually means. Life has a funny way of springing up surprises, especially in Nigeria where anything can happen in the future due to the unstable economy. Growing up I heard a lot about celebrities who made so much money that could last them a lifetime, but due to poor financial management, ended up in penury. I then began to ask myself if those so called celebrities ever thought of ‘tomorrow’ or ever considered it. They allowed their affluence, popularity and the glory of their fame to becloud their minds and thus never invested or make the right financial decisions to safeguard their future.
How to Survive Economic Recession with your Business
How to Survive Economic Recession as an Entrepreneur
The United States of America and other nations in the world are currently experiencing Economic Recession. This downward trend in the growth of the economy is having adverse effect on global businesses. The Stock Market Crash is a good pointer at this difficult economic times. The question an average entrepreneur wish to ask is, How can my business survive this difficult economic times? To answer that question, we need to consider some facts.
First we need to understand the fact that, irrespective of how careful an entrepreneur has been, sudden changes in the business climate can have adverse effect on his business. For example, sudden change in Government Economic Policies, rising Inflation, sudden change in Interest rate, Sudden Changes in the International Markets, Wars or Civil Unrest etc can adversely affect the economy of a nation thereby creating difficulties for business owners. Be rest assured that such events will always occur it is just a matter of time!
Thursday, 6 April 2017
Top 5 Emerging Business Destinations in Nigeria
For long Lagos has been the economic and commercial hub of the country. While this may not be changing anytime soon there are cities emerging as also exciting places to invest and do business in Nigeria as a result of several factors which we have carefully considered;
– Security
– Market
– Infrastructure
– Ease of Doing Business
– Human Resources (population) and
– Education(higher institutions concentration)
– Security
– Market
– Infrastructure
– Ease of Doing Business
– Human Resources (population) and
– Education(higher institutions concentration)
TOP 10 BUSINESS DESTINATIONS
As another year begins, it is time to reflect back on 2016 and look forward to what this year will bring. With budgets getting bigger and staff incentive programmes once again growing in popularity, we see a steady increase in demand and a buoyant desire for business and incentive travel. New European Economy looks at the hotspot destinations to help grow your business, inspire your workforce and build your brand.
Wednesday, 5 April 2017
HOW TO WRITE A BUSINESS PLAN
Planning for Success
You’ve no doubt heard the expression, “Failing to plan is planning to fail.”
Many entrepreneurs write a business plan only when they need to secure start-up financing. However, your plan is far more than a document for banks and investors to read; it’s an invaluable roadmap for launching and growing your business.
In order to put your business concept on paper, you need to think through and research the many factors that are needed to make sure your business is a success. With a plan, not only can you spot potential weaknesses, opportunities, and threats, your plan can help you make informed decisions about your venture before you commit yourself legally or financially.
Here, we’ve summarized the key sections that you’ll find in a business plan.
You’ve no doubt heard the expression, “Failing to plan is planning to fail.”
Many entrepreneurs write a business plan only when they need to secure start-up financing. However, your plan is far more than a document for banks and investors to read; it’s an invaluable roadmap for launching and growing your business.
In order to put your business concept on paper, you need to think through and research the many factors that are needed to make sure your business is a success. With a plan, not only can you spot potential weaknesses, opportunities, and threats, your plan can help you make informed decisions about your venture before you commit yourself legally or financially.
Here, we’ve summarized the key sections that you’ll find in a business plan.
Wednesday, 22 March 2017
How To Start A Profitable Poultry Farming Business In Nigeria
Poultry Farming in Nigeria is one of the most profitable businesses in the Nigerian agriculture sector, and is a lucrative, and a legitimate money making venture in Nigeria. For entrepreneurs in Nigeria, this type of livestock farming can be very profitable, and has the potential to generate high returns within a short time frame, due to the fact that chickens mature very quickly. In Nigeria, poultry farming in Nigeria is experiencing significant growth due to the fact that an increasing number of people are moving away from the consumption of smuggled birds, and red meat due to health worries. As a result, there is an increased demand for local chickens. This is great news as it creates business opportunities in Nigeria.
How to Start a Chicken Farm Business
It's one thing to start a chicken farm, but to start an actual business out of it is something else entirely. You are not only going to become a chicken farmer, but a businessperson as well, depending on what markets you want to target and what part of the chicken industry you want to tap into. In the chicken industry there are two main sectors: Layers, which are chickens bred and raised to produce eggs, or broilers, chickens raised and bred to be slaughtered. Whatever sector you choose, you have to make responsible managerial and financial decisions to make your chicken farm business a profitable one.
Monday, 20 March 2017
THE SECRET OF SUCCESS OF THE RICHEST PEOPLE (ENTREPRENEURS) IN NIGERIA
What is the secret to the success of the top 20+ richest people in Nigeria? Who are the Nigerian billionaires and how did they amass their wealth? What are the business success secrets of the successful entrepreneurs in Nigeria? What does it take to become a billionaire in Nigeria? If the answer to any of these questions interests you, then please read on.
Recently, i compiled a list of the world’s richest billionaire school drop outs and today, I will be compiling a list of Nigerian billionaires and top richest people in Nigeria, but please this list will be restricted to entrepreneurs only. Politicians and individuals whose source of wealth cannot be traced are excluded from this list. Most people have asked why so few Nigerians made the Forbes list of richest people in the world.
Well the answer to that question is this: Forbes estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies (companies listed on the stock exchange) and most of the richest people in Nigeria prefer to run their businesses privately. That’s why they don’t make the Forbes list of richest people in the world.
Update: We want to state categorically that this list has nothing to do with the Forbes list. We are not affiliated with Forbes and did not source this content from Forbes. We did our own research before coming up with this list. Secondly, our list is strictly focused on entrepreneurs / business owners whose businesses can be ascertained; not politicians.
FEMI OTEDOLA
Recently, i compiled a list of the world’s richest billionaire school drop outs and today, I will be compiling a list of Nigerian billionaires and top richest people in Nigeria, but please this list will be restricted to entrepreneurs only. Politicians and individuals whose source of wealth cannot be traced are excluded from this list. Most people have asked why so few Nigerians made the Forbes list of richest people in the world.
Well the answer to that question is this: Forbes estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies (companies listed on the stock exchange) and most of the richest people in Nigeria prefer to run their businesses privately. That’s why they don’t make the Forbes list of richest people in the world.
Update: We want to state categorically that this list has nothing to do with the Forbes list. We are not affiliated with Forbes and did not source this content from Forbes. We did our own research before coming up with this list. Secondly, our list is strictly focused on entrepreneurs / business owners whose businesses can be ascertained; not politicians.
FEMI OTEDOLA
Sunday, 19 March 2017
Most Influential Business People in Nigeria
Who are the top most influential business people in Nigeria? Well you are going to find out in this article.
Nigeria is a country endowed with human, mineral and natural resources; and among these human resources, we have individuals who have carved a niche for themselves in the business world. They are huge employers of labor, providing meaningful jobs to several thousands of Nigerians. They have ideas that could spin tons of cash out of any business venture. And their influence is not felt only within Nigeria; they are known all over the world as successful and influential people. This article is not focused on their wealth; rather it is focus on the amount of influence they weld among the elites and masses of the society. Without wasting your time, below are the top 10 most influential business people in Nigeria.
Nigeria is a country endowed with human, mineral and natural resources; and among these human resources, we have individuals who have carved a niche for themselves in the business world. They are huge employers of labor, providing meaningful jobs to several thousands of Nigerians. They have ideas that could spin tons of cash out of any business venture. And their influence is not felt only within Nigeria; they are known all over the world as successful and influential people. This article is not focused on their wealth; rather it is focus on the amount of influence they weld among the elites and masses of the society. Without wasting your time, below are the top 10 most influential business people in Nigeria.
Successful Nigerian Entrepreneurs that Never Finished School
School! School!! School!!! The ultimate dream of every Nigerian parent is to see their children pass through school, earn a degree, get a high paying job and live happily ever after.
This was the dream we were sold on as kids, “To graduate and get a good job” and most parents / children pursued this dream vigorously. But unfortunately, the dream of go to school, secure a good job and live happily is now a fairy tale to the average Nigerian youth.
This was the dream we were sold on as kids, “To graduate and get a good job” and most parents / children pursued this dream vigorously. But unfortunately, the dream of go to school, secure a good job and live happily is now a fairy tale to the average Nigerian youth.
Thursday, 16 March 2017
The 4 Things You Need to Have a $500,000 Career Without a College Degree
According to the latest statistics, It's never been harder to get ahead in America without a college degree. In 2015 graduates earned 56 percent more than those with only a high school diploma, the widest gap since economists started keeping track way back in 1973.
So are those trying to build a career without a degree doomed to barely scrape by? Not if Susie Moore's experience is anything to go by.
A UK native, Moore decided years ago to postpone college for a gap year, and through the twists and turns of life, ended up never actually returning to formal education. That didn't hold back her career though. A natural hustler, she first failed as an administrative assistant before finding her footing in recruiting and then moving on to a lucrative career in sales.
Many folks would be content with a $500,000 a year career selling adtech for startups, but Moore was just getting started. Now based in New York, she set up a side hustle as a career coach and has since moved into coaching full-time, helping others learn to make good money doing things they enjoy on their own terms.
The 1 Decision That Launched Warren Buffett's $76 Billion Empire
With an estimated net worth of $71.9 billion, octogenarian and Omahan Warren Buffett is one of the world's most successful financiers.
From an early age, Buffet seemed destined for greatness--by 16, he'd already amassed the equivalent of $53,000.
By the time he graduated from Columbia Business School in 1951, it seemed nothing could stand in his way.
Well, almost nothing.
For much of his life, Buffet struggled with a crippling fear of public speaking.
"I would throw up," he told biographer Alice Schroeder in The Snowball: Warren Buffett and the Business of Life. "In fact, I arranged my life so I never had to get up in front of anybody."
How did Warren Buffett overcome his fear to eventually become one of the most engaging, relatable, and revered business communicators of all time?
Simple: practice, practice, practice.
10 Simple Laws of Business Success
If my son or daughter were to ask me, "Dad, what do I really need to know in order to be really successful in business?", here's exactly what I'd tell them:
Tuesday, 14 March 2017
Meet the business guru who has made THOUSANDS in his spare time
Mohammed Ali, from Dewsbury, West Yorkshire, spends his days earning thousands of pounds while most teenagers struggle to get out of bed
15 Online Business Ideas You Can Start Now
When you dream of opening your own business, you might envision four white walls and a mess of boxes to unpack in a commercial space. However, it doesn't have to be this way. With today's technology, you can start and run a business online, often with little to no cost. By focusing on your strengths, you'll be able to build a client roster and get your online-based business started. Here are 15 great ideas you can run withFriday, 10 March 2017
10 Start-up Tips For A Thriving Real Estate Business In Nigeria
All over the world the real estate business is one sector of the economy that offers a good financial opportunity. Though at different times the sector crashes, but by and large, it has always bounced back. Landed property does not depreciate but appreciates. This is not an exception in Nigeria.
There are different levels of participation in this sector. There are small players and big players. Determine what category of the populace you are going to serve, high-end, middle-end or low-end earners? You definitely cannot serve all categories of the populace. Your investment capacity may also determine which sector of the populace you can service.
Whichever way you choose to come in and operate, there is an assurance that you will find your own landing pad and earn some reasonable profit from your investment.
Business Lessons From Mega-Entrepreneur Richard Branson
Like many entrepreneurs, Richard Branson loves creating things. He sees problems in the world and provides solutions. But unlike others, he has established many different businesses. In fact, in his 40+ years as an entrepreneur, he has developed over 100 brands.
Branson has given a lot of advice along the way. He has spoken on topics of starting a business, running a business, managing people, and hiring people. Let’s get into what he advises entrepreneurs.
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