Category Archives: Business

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How To Start Cosmetics Business In Nigeria With N50,000 ($150)

 

Cosmetics business is one of the most lucrative businesses to start in a country like Nigeria.

It is in high demand as there is no home in Nigeria that does not make use of cosmetic products. Though there are so many cosmetic retailers in Nigeria but that shouldn’t stop your dream of starting your own cosmetic business.

Remember “It’s not what you do but how you do it” and it’s not the number of people that do your kind of business that matters, but how well you do your own.

The great advantage everyone doing business in Nigeria has is the population density. Regardless of whatever business you do in Nigeria, you will always have your own customers and make much profit if you run your business the right way.

Setting up a cosmetic business in Nigeria is an exciting idea, especially when you’re doing it from home you must have to take a decision on how you want to go about this. This business has a lot of competition because of the high demand but still very fast moving and profitable.

Cosmetic business does not require much capital to start with, In this case, when you want to start small. Starting with cheap cosmetic product allows you to start small and grow gradually if you can’t start big.

I have never done this business before, but I have lots of friends who do and I have studied and researched a lot about this business and you know what, you can increase your business capacity gradually and be making your super cool profits.

Image Credit= YourProject

Starting small means, you can start this business with as low as N50.000 ($150) and the turnover of this amount in a month can give you twice your investment.

This means you will only sell to final users. It’s a good idea right? Likewise if you invest like N500.000 ($1580) or more it can give you % 70 profits monthly. With this amount you’ll be selling to final users directly but if you have up to N2.000.000($6340) you can be a wholesaler. Depending on the exact amount you want to invest, you can also get profit worth %70 in return if you frequently turn the money over and over for months.

Cosmetics product business is really an interesting one. Once you get the strategic location for your business, you just go ahead and start your business and you’ll see yourself achieving success

SEE ALSO: Top 10 most profitable small Business Ideas In Nigeria

CHOOSE A PRODUCT TO SALE

They are different areas of cosmetic business in Nigeria: you can decide to go into one or more at a time. It could be:

  • Hair care Products: Either hair expression which is weave or attachment mostly used by females or hair care and treatment , here we have hair spray, relaxers, shampoo and conditioners, hair cream, e.t.c
  • Personal care products and toiletries: This aspect is used daily in every home such as bathing soap, tooth paste and brush, toilet papers, e.t.c
  • Skin care products: Body cream for different purposes fall into this category: moisturizing cream, age defying, toning cream, e.t.c
  • Makeup products: This is the fast moving category; it is used by both you and old, rich and poor because everyone wants to look good at every occasion. Women are mostly the ones that use this in Nigeria to enhance their beauty using Lipsticks, eyeliner, powder, e.t.c

In Nigeria, different products from different companies are available. Having selected the category to concentrate on, next is to start your business.

GET A SPACE 

Image Credit= Phuket

You can start at home or rent a shop outside your home for your cosmetics business. A shop should be located at a corner where people pass often, to enable come in to buy from you. If your plan is to start small from home, you’ll have to create a space in your house. This serves as both your warehouse and display store.

SEE ALSO: How to start a Business With No Money

Proper planning when starting a business is very important. Base on how you want to start your own cosmetic retail business, you need to estimate the cost of what you will incur in order to start your business properly. The good news is that, with Fifty Thousand Naira (N50.000) 0r $150 you can start cosmetic retail Business.

FIND OUT WHERE TO BUY YOUR PRODUCTS

After you have figured out the line of cosmetic retail business you want to start the next thing is where and how to buy it cheap. The sole aim of starting any business is to maximize profit and it will be unwise for you to buy products at market prices and yet remains in business.

 

CREATE SECTIONS IN YOUR SHOP

To be extremely successful in this business, you will not just restrict yourself to one aspect of it; you must try to have all the different sections available in your shop. For instance if you’re setting up your shop you must include the hair extension section, the skin care section, the personal care and toiletries section and so many others. This will make your shop look beautiful and everybody who passes by will want to patronize your shop.

SEE ALSO: How to start Bread Bakery Business In Nigeria

TO SUCCEED IN THIS BUSINESS: Here Is My Advice;

  • Be friendly as no one will Love to buy anything from an unfriendly person no matter how good his products and services are
  • Say what your products can do for your customers with truth, not just a sale talk to sell them anything. In order for you to have a returning customer all the time
  • Don’t sell your products with too many profits. Greed can make you lose good customers
  • Once you promise a customer that you’ll do one thing make sure you do it
  • Look good; remember you’re selling beauty products. Let your physical appearance do the talking about your products as people believe much in “Seeing is Believing”
  • Don’t spend your profits on unnecessary expenses, re-invest in your business and expand your comfort zone
  • Don’t quit so soon; so many people when they start a business they want instantaneous business expansions and when it does not happen quickly, they quit. Saying the business is not working for them
  • Know that Quitters never win and Winners never quit
  • Setup realistic goals

GOOD LUCK

I Believe you read this article to the end, share on social media and please don’t hesitate to leave comments. also ask questions if facing any Challenges.

 

Farmers- Improve your yield as much as 167% with this organic product

 

Super Gro The Wonderful Natural Liquid Fertilizer Super Gro, as the name suggests, is the most wonderful natural liquid fertilizer ever produced for agro industry. It is meant for the purpose of growing crops and plants in order to add much value to them. This is to ensure that agricultural productivity is enhanced both in quality and in quantity. Super Gro Liquid Fertilizer being natural in
essence means that it is devoid of chemical input which makes it different from the conventional chemical fertilizer that we all know. The advantages of Super Gro Natural Liquid Fertilizer over the Chemical Fertilizer are numerous and very great. Because crops and plants depend so much on water, Super Gro is meant to improve the quality and quantity of water as required by these crops and plants for wonderful growth and production by adding the essential nutrients they require for that purpose. No wonder, Super Gro helps you make the most use of water: water, one of the basic fundamentals of life
itself. Water, good quality water, is an issue of such importance that governments, states, provinces and major suburban areas around the world have created agencies to ensure its long-term availability. As our global population grows, water will become an even greater concern to everyone because of its importance in our daily life most especially for the production of food. Bearing this in mind, it therefore,
becomes much essential that we all should also be much concerned about improving the quantity and quality of water to ensure its most efficient use. Drought or otherwise, we should always try to get the most efficient use from water. This is one of the reasons why agricultural industry must not underestimate the constant use of this wonderful product – Super Gro.

Continue reading Farmers- Improve your yield as much as 167% with this organic product

How A Coach Can Help Your Business to Succeed

 

Finding a competitive advantage for your business is one thing. Sustaining it day to day is another . The perpetual grind of performance improvement can be overwhelming to say the least. Hell, getting out of bed is sometimes too much to think about.

  The process of continual renewal for individuals and organizations is never-ending, which is exactly the reason why soliciting an external party in the form of coaching can help lead your business towards lasting success.

Here are Helpful ways a coach can help you achieve business success:

  1. Eliminate tunnel vision

Whether it’s a life coach, leadership coach or business coach, having somebody with an array of diverse experiences only helps broaden your own awareness about yourself, others and the competitive landscape.

Nobody learns in a vacuum — we learn through knowledge sharing that’s dependent upon relationships.
Think about it.

When you read, you have a relationship with the author and you either adopt his or her viewpoint or not. When you travel, you have a relationship with the passenger sitting beside you — positive or not. In either case, you acquire new information that broadens your awareness.

  1. Minimize Errors

Coaches work with many clients. A coach can share past lessons learned from other clientele (while maintaining confidentiality, of course) who faced similar challenges, thereby saving you the time, money and emotional investment from repeating the mistakes yourself.
Don’t get me wrong — mistakes are healthy and necessary for improvement. However, to the extent that such lessons learned can be gained through somebody else experience, even better.

  1. Say “ahh”

The saying that “it’s lonely at the top” is all too true, especially for those leaders unwilling to trust or talk with others. Sharing concerns with a coach offers two advantages.
First, it acts as an emotional release. Packing all your worries, gripes and frustrations into one suitcase of emotion has the same end state as at the airport: a high price.

Continue reading How A Coach Can Help Your Business to Succeed

10 Businesses that will fetch you much money on valentines Day

 

 

Are you a smart entrepreneur? Do you need ideas on how to make money off lovers and fun seekers on Valentine’s Day?  Then below are ten amazing small business ideas for making money on Valentine’s Day in 2017.

Every February 14th is Valentine’s Day, a day when lovers all over the world rekindle their love by sharing cards and gifts, attend parties, play games, and have lots of fun. But some smart entrepreneurs can’t just stand missing out on the fortune that they can amass during the Valentine season. So, they seek out ways to make money from Valentine’s Day.

So if you are anything like these smart entrepreneurs and would like to make money from this Valentine season, this post is for you, as it reveals ten profitable business ideas that can fetch you extra cash on Valentine’s Day.

Here are some Part-Time Businesses You Can Do on Valentine’s Day and Make money

  • Organize entertainment shows
  • Organize specialized parties for either students, singles, married couples, etc
  • Organize special tour packages for couples
  • Partner with a designer and make customized portraits for people
  • Organize competitions for lovers or couples
  • Set up a temporary lounge or special garden for lovers

Top 10 Businesses that will fetch you much money on valentines Day

1. Valentine cards

Image by: HousefulOfNicholes
Image by: HousefulOfNicholes

During Valentine, many people buy cards to show their loved ones how much they care. Why not take advantage of this and make some cards to sell? If you are good at graphics design and can keep churning out lots of unique and creative designs, you can make a lot of money. Most cards available in shops are very expensive. Some cost as much as $12. So, lower your prices slightly to make things competitive and you could make much money.

2. Flowers and roses

Image by = Aliexpress
Image by = Aliexpress

Sharing flowers and roses are the best way to express how much you care, and many people buy them on Valentine’s Day for this reason. You can set up a stall that sells flowers or launch a website for selling beautiful flowers online, offering a wide range of choices. To attract more customers, sell your flowers for slightly cheaper prices than what obtains everywhere, but don’t cut out your own profit in the process. If you are selling your flowers online, bear in mind that you need to offer flower delivery services.

SEE ALSO:Top Businesses that can fetch you much money during Christmas

3. Sell baked goods

Image by = Allrecipes
Image by = Allrecipes

Cakes, chocolates, and other snacks sell like wild during Valentine. If you are very good at baking, then you can turn your skills into profits. You can visit online cake websites for more ideas on how to make your Valentine cakes even more special. Baking cookies is another option you might as well consider.

4. Offer services

Image by = Sansan
Image by = Sansan

During the Valentine season, there is a huge demand for services such as flower delivery, dining or shuttling services, massage, pedicures, make-up services, etc. If you are particularly good at rendering any of these services, why not make as much as you can during the next Valentine?

5. Babysitting

Image by = Care.com
Image by = Care.com

On Valentine’s Day, most parents go to parties and attend other fun places in order to rekindle their love. However, such parents usually face one problem; they cannot find someone to look after their kids.

If you love kids and are very good at caring for them, you can make money by offering to render babysitting/Nanny services to such parents. In order to get clients to book you up for next Valentine’s Day, slap up an ad in your local newspaper or your city’s section of Craigslist.

6. Start a blog or write a book

Image Credit = Pinterest
Image Credit = Pinterest

If you are very good at crafting great pieces of writing, you can start a blog with Valentine’s Day as the topic. Offer several tips, tricks, gift ideas, and more on how lovers can make the Valentine’s Day a memorable experience. Better yet, you can write a book centered on the importance of Valentine’s Day or one discussing the negative aspects of the occasion; depending on your views about it.

7. Organize a party

Image by = Dance-Parties
Image by = Dance-Parties

Valentine parties are one of the avenues where lovers enjoy themselves on Valentine’s Day. If you are very good at organizing fun-filled parties, why not convert your skills into cool cash? Alternatively, you can organize a party for singles. Most singles would feel lonely on Valentine’s Day, since they have no partners to share all the fun with. But they will be eager to attend your party, since it’s aimed at cheering them up.

8. Stage performance

Image by: AmericaGotTalent

If you have a great voice and the confidence needed to perform on stage, before a large audience, then you can arrange a live concert on Valentine’s Day. Publicize the concert by involving your friends and advertising at places where fun-lovers hang out, such as local restaurants, bars, and clubs.

9. Write love letters

Image Credit = Business Insider
Image Credit = Business Insider

Are you a gifted writer? Then you can make some extra cash during the next Valentine by writing amazing love letters for those who want to share their love feeling with their lovers, but don’t know how to arrange the words impressively. Many lovers will pay you well for helping them craft heart-touching love letters. Prior to Valentine’s Day, you can advertise your services in local newspapers and on classified ads websites.

10. Affiliate marketing

Image by: OpenDesigns
Image by: OpenDesigns

 

If you have a website or blog that generates a sizable amount of traffic and is targeted majorly at people who would most likely celebrate Valentine, you can make money by advertising flowers, Valentine cards, etc. You will need to register as an affiliate with a website that sells flowers for online. Each time someone buys an item through your affiliate links, you get a commission on the sale.

Hope this was Helpful, I hope you make much money this Valentine… please comment any other valentine business ideas you know!

SOURCE: MyTopBusinessIdeas

Strive Masiyiwa: Building an Efficient Organization – Part 5

 

__Process: getting the right things done right.

For the last few weeks, I’ve talked about the critical importance of “people” in organizational management. Today I want to talk about “process.” Every single day, I’m approached by people with great business ideas, and I also have my own fair share of new ideas. Sometimes I just love to sit in my study, or go for a walk, just thinking about a new business idea.

Let me share with you one of my best kept secrets: If I can’t get my mind around the PROCESS, I’m not going to do it!

I have to feel I have a deep understanding of how an organization will emerge to take this great idea forward. I can easily take 50% of my thinking time on this. Once I get my mind around the process, I can then focus on the right PEOPLE to make the right things happen.

__Process and people are the backbone of the organization.

Now what I mean here by “process” is the series of actions you take in order to achieve an intended outcome or result. Within one business, several different processes usually take place – raising capital, strategic planning, recruiting and training staff, research, product development, product testing, marketing and so forth.

When I first started in business, I was still very young, and had worked for just a few years. Fortunately, my two employers had been a computer start-up, in Cambridge, England, and a state-owned enterprise (SOE) in my home country, Zimbabwe. In both organizations I’d made observations about how companies are set up and run.

I loved the start-up, which had only two owners. Decisions were made quickly and I got my chance to do all sorts of things, even though I only had a freshly-minted engineering degree! The SOE was the exact opposite: it had rigid organizational structures. There were many highly-skilled and qualified individuals, but decisions were slow.

Whilst I enjoyed the mission of the SOE, I knew I had to get back to the start-up environment. I nevertheless took away a critical understanding of how big organizations work, including their political culture.

If I’d been able to choose, I probably would have first joined a large international organization before I went off on my own. I certainly would have loved to get an understanding of “best practice” from an international organization like Coca-Cola or GE, both of whom I greatly admired. The opportunity was simply not available, so I did the next best thing… I bought books about them.

My favorite books were written by entrepreneurs, explaining how they set up these businesses. At weekends I’d just disappear into my own world of Sony, IBM, Coca-Cola — the great companies of my day. I didn’t just read, I devoured their material!

SEE ALSO: Strive Masiyiwa: Building an Efficient Organization – Part 1

I wanted more, so I moved into the really academic work of people like Peter Drucker and W. Edwards Deming (Google them). I had all their books and articles.

In my own country, I’d constantly ask questions about the organizational structures of well-established companies. Information was always limited back then, not like now with the Internet!

As a young entrepreneur in Africa, it won’t always be possible for you to start your own business after a professional career in an established organization where you can learn all the ropes, and study processes.

# You still owe it to yourself to try and close the deficit in your understanding of what it takes to organize and build an effective business organization.

# You may not even be ready yet to have people working for you, with all those fancy titles and positions, but you still must have the intellectual curiosity to do your homework and understand what’s really happening!

If you don’t understand the processes that help you build and run an efficient organization — managed by capable, highly motivated professionals — you’ll struggle, wear yourself down, and probably end up bust, or worse.

Let’s get down to business, real business. We’re good managers, what about you?

THE END

Strive Masiyiwa: Building an Efficient Organisation – Part 4

__A great vision needs great people.

Organizational management is really about “people and process.” If you don’t know how to master these two, it doesn’t matter what you’ve invented, or how much money you’ve raised… you won’t make it in business.

It’s usually really hard to get the best people to join you when you’ve just started a business because you’re (rightly) considered too risky.

It’s particularly difficult when you, the founder, are yourself young and inexperienced. I know what I’m talking about because when I started out almost 30 years ago, I was only 26 years old and didn’t have either the money or reputation to attract people to work with me.

So I understand why most people in that situation will often turn to unemployed relatives and friends, who can sometimes be unskilled and even troublesome. Believe me, I’ve been there, and done that!

I almost laugh now when I look back, but I hired some people who were downright incompetent and almost got me killed… Remember I’m an electrical engineer by training, and some of my early recruits as electricians did not quite measure up!

In my own case, my partner and I did almost every kind of job in our little business. There was simply no room for “pretending to be the big man”! When we did a job for a customer, I was there myself, and sometimes when we finished, I joined the cleaners to make sure the customer’s premises were left clean. We did the work, the cleaning, the invoicing, and the books. We woke up early, and went to bed very late.

I never complained because it was “honest hard work” for a young man, and I enjoyed it. I interviewed every single person that I hired very carefully. I always looked for people who were skilled, sober, honest, and prepared to go the extra mile. I knew them personally, and their families.

I tried to be fair in every aspect of my dealings with my employees. It wasn’t just that I considered myself an honorable man, but I also knew that “people talk.” I wanted word to get out that I was a “fair guy” in an industry where people were often exploited, and owners of businesses were known to think of themselves first, particularly when they got paid, as I discussed last week.

When I did get paid, the first thing I tried to do was invest back in the business. In particular, I wanted my staff always to have the best tools for their job. I also wanted them to be proud of their employer. I was fastidious over things like uniforms, presentations and appearance before a customer.

Knowing that I didn’t always have the opportunity and money to hire the most skilled people, I focused a lot on training and workshops, which I handled myself. I drilled and drilled my staff. We talked about each job, and I allowed everyone to say something about what we learned. It’s great to have the big idea, but you must have an eye for the details.

Then one day it happened: I got a call from an engineer who worked for a highly reputable and well-established player in our industry. He wanted to join me. And soon it was a flood, with people prepared to take a pay cut for the opportunity to work with my young company.

Now remember what I said earlier: “People talk.” You want them to give you and your company a good reputation, one that attracts the best people to your business. The best people are the most profitable. That’s business!

In his bestselling book, “Good to Great: Why Some Companies Make the Leap… and Others Don’t,” Jim Collins writes, “Great vision without great people is irrelevant.”

Do you have the right people in your company focusing their time doing the right things?

Strive Masiyiwa: building an efficient organization – Part 3

 

__Always pay your workers first.

You can’t call yourself an entrepreneur if you have the habit of not paying your workers on time, erratically, or not at all. Real business leaders always pay their employees first. Let’s call it the first law of entrepreneurship.

Let’s talk.

I began my business career as a construction contractor more than 30 years ago. My business entailed getting construction contracts, some which took several years to complete. I would sometimes have thousands of people working on my projects. 90% of my people were paid on a weekly basis. It was almost a ritual, whereby we’d go to the bank on Friday morning to collect the “payroll.”

Each worker was paid in cash, and we would sit and pack the money into little brown envelopes, after deducting taxes. We’d then travel to the sites and pay them their money.

I never ever missed a payroll… except once, and it probably saved my life. I was abducted from my office at gun point on one of my payroll days. The person who raised the alarm that I was missing said this: “We know something has happened to him because he didn’t come to supervise the release of this week’s payroll.”

# If you owe your workers money, you’re not yet an entrepreneur.

The second law of successful entrepreneurship is this: If, for any reason, you’re going to miss your payroll, you must always make sure the lowest paid workers are the first to get paid — not the managers and others you deem most skilled.

# Always pay the lowest paid workers first. They’re the most vulnerable.

If we didn’t have enough money to meet our payroll, I spoke to my senior people and asked them to make the sacrifice. It also meant I myself would go home with nothing. But workers like cleaners, laborers (we had a lot of these in the construction business), drivers etc., were always paid first. This always included the youngest people in our business.

If you want to go far as an entrepreneur, treat workers’ salaries and wages as sacrosanct. If you see a big man who has lots of cars, a big house, goes on holiday overseas but is in arrears on salaries and wages, he’s really not an entrepreneur.

Don’t be fooled, he’s not a big man at all! True entrepreneurs pay their people on time, all the time. And they take care of the most vulnerable members of their organizations first. I’d rather someone called me a successful entrepreneur on the basis that I never missed my payroll, than on the basis that I made a billion dollars.

Now to help avoid such a crisis, there’s one thing you must learn to do straight away in your business, and that’s manage your cash flow… your “accounts receivable” (sales) and your “accounts payable” (expenses). If you don’t keep track of your cash flow, I guarantee at the end of some months, you’ll have a shortfall.

If you haven’t already done so, put together a cash flow budget, with a few different scenarios (best case, worst case, different assumptions). You can’t predict everything, of course, and surprises happen, but do your best with what you know now. Cash in? Cash out? Timing? Enough cash to meet payroll? (This is a complicated subject but we’re just talking about payroll here.)

A few years ago there was an article in Forbes’ magazine called “Success will come and go, but integrity is forever.” Never forget that. Most all businesses have legal and contractual obligations which you must respect. But there are also moral obligations to consider… Do you know the difference?

 

To be Continued…

Top Businesses that Can Fetch you Much Money During Christmas

 

Christmas is a season where celebrations and fun are usually at the peak. To those who are business-minded, it is also an opportunity to make big money while the celebrations last. Entrepreneurs who desire to make huge gains during the yuletide can give these 10 money-spinning business ideas a try:

Continue reading Top Businesses that Can Fetch you Much Money During Christmas

Strive Masiyiwa: building an efficient organization – Part 2

__Talking a good game is not enough.

I was meeting with one of New York’s most successful bankers, when he quipped, “In my business we don’t rely on intellectual property. There’s nothing we do that’s so special; we’re just damned good managers of businesses!”

I could immediately understand what he meant because when, for instance, you stop to think about a business like McDonald’s, you ask “What’s so special about a hamburger?”

But somehow out of that humble hamburger they’ve built a $96bn business… a global business bigger than the GDP of Kenya ($70bn)!

__They are “just damn good managers of business!”

When we launched our Mobile Money business in Zimbabwe, it wasn’t a new idea in Zimbabwe, or in Africa. To be honest, one of our competitors was a year ahead of us, but it really didn’t matter to me. I knew that when we finally launched our own service, it would be bigger and better because “We’re good managers of businesses! It’s not all IP and innovation!”

Whenever I see a business, as a management practitioner, I’m interested in how it’s run. I’m always asking myself, “How are they organized?”

We hear a lot spoken about good leaders, but a good leader who doesn’t know how to manage effectively, using the latest management techniques, is a total waste of time as far as I’m concerned.

You’ve heard the expression, “He talks a good game, but he can’t play.”

Unfortunately, many entrepreneurs are like that. They can talk a good game, but they cannot manage an organization. Talking a good game can be important, but it’s not enough!

If you want to build a profitable and growing business organization, you must first have an acute awareness of the role that organizational management plays. Your awareness must extend to an appreciation that it is a “technical discipline” which must be learnt.

It doesn’t happen naturally: Good management is something you must apply yourself to. Never fool yourself into believing that if you have a good idea, and some money, you just hire the right people and “Hey presto, you have a big successful business!”

I want you to be different: I want you to be able to pick up an idea, any idea, and turn it into a successful business organization that generates profits, and can grow into a national, regional, and continental champion, even a global one.

 

Search this Blog for the Continuation

Strive Masiyiwa: Building an Efficient Organization – Part 1

 

As an entrepreneur, you may have a great idea or innovation which you believe is going to change your community, your country, or maybe even the world we live in. And you’ll probably make a lot of money along the way. That’s allowed, and there’s nothing wrong with it, provided you don’t harm others, the environment, or break the law.

Go ahead, make money, be a billionaire, and you know I’ll be right there cheering you all the way! But before you can ever get there, you’ll have to build an efficient business organization, employing lots of people, because no one can do these things alone.

In this new series, I’m going to talk about what I call, “The hardest thing to do in business: building an efficient organization.

You’ll face many different challenges as an entrepreneur, but the most difficult is building an efficient organization. What do I mean by efficient? Let me start with one formal definition: “Achieving maximum productivity with minimum wasted effort or expense.

Most people fail dismally in this area. It’s at once the most difficult and most complex thing that any entrepreneur ever has to do. In this series, we’ll talk about many issues including registering a business, recruiting and hiring your team, and organizational structure.

This is business “MBA stuff” and if you just want to run a little bottle store, it might be tough for you, but if you think you can open more than one bottle store, hang around and see. As they say in my beloved Nigeria, “It’s for the senior class.

You won’t be the next Dangote or Zuckerberg if you don’t know how to set up an efficient business organization.

To lay the foundations for this series, here’s another definition: The Cambridge dictionary describes “organization” as “a group whose members work together for a shared purpose in a continuing way.”

__The verb “organize” is also important here! It means, “to make the necessary plans for something to happen; arrange.”

Do I really need to write much more…? If only it were as simple and straightforward as it sounds!

Building an organization has many different aspects. Can you tell me the importance of nearly each and every word in these three definitions?

Organizations can be almost any size, but the ones I’ll be talking about here are ones that involve a hierarchy of authority and delegation: executive leadership, mid-level management, technical experts, frontline supervisors and employees in different departments, most with different operational functions.

This means a complex array of people with different talents and skills, like those I’m proud and blessed to have on our companies’ teams globally. Maybe different roles and gifts, but the key non-negotiable ingredients? Integrity, shared vision, mutual respect, accountability.

I won’t dwell on problems so much as solutions in this series, but to get started, here’s a list from a McKinsey report on some of the biggest challenges faced by companies (young and old) trying to build organizational capability:

# Organizational resistance to change.

# Lack of resources.

# Lack of credible metrics.

# (Lack of) identification of who is accountable for execution.

# Inability to gain attention and buy-in from line managers.

# Lack of senior management support.

# (Lack of) clear vision or objectives.

# Ineffective training approaches.

# Inconsistent application of methods, processes.

Now you see why I’ve said building an efficient organization is the hardest thing to do in business. But with great people on your team, all is possible!

 

READ:

 

CROWDRISING Nigeria… Make Money With Ease

  Dear friend, greetings from my heart. Take time to read this, it can change your financial life forever!

I want to introduce you to a tested and proven system that guarantees you steady income into your Bank account every day to the tone of 370,000 in 14 days. Yeah, that may sound crazy and outrageous but it’s as true and real as the air we breath. Lol.

Details of the system: 

It’s a network business called CROWD RISING. It’s a program that makes you money while you sleep 😀.

I will make this explanation as brief as possible, highlighting also the differences between this system and other network businesses.

Crowdrising is a peer to peer payment platform where you pay others and get paid too.  This simply connotes that there is NO central account where all monies are paid and disbursed, rather, members pay directly to each other in order of uplines and downlines. (uplines are people above you, while downlines are people below you)

Stages of the program:

There are 15 stages in the program where you can earn six figures 😀.

Stage 1: this is the first and least stage. Here, you register and you will be automatically paired with a NIGERIAN member from any part of the country. Failure to pay after 3 days, you get blocked You pay the sum of N7,400 to the person and upon confirmation by the person, you will be qualified to receive payments of N7,400 from five members. Now these five members can be brought by you to make it faster or it could be done by the random merger system or better still by promoting this link to nigerians who are yet to know. So, you pay 7400 and get activated to receive 7400*5 = 37000. This happens in two days to one week.

Stage 2:

After stage 1, you can upgrade to level 2 by paying 14,800 to a member in level 2 which the system will pair with you. When your payment is confirmed, you will automatically qualify to receive same amount from 25 persons. So, you pay 14,800 and get 14,800*25 = 370,000. Complete payment in this level takes 8days at most it is also due to publicity as it is a very new system.

Stage 3.

Here, you pay 22,200 to a member matched with you, and you will get 22,200*125 = 2.7million. This takes approximately 30days or less. The system works with a multiple of 5 on every level 
The stages continue till the topmost which is stage 15. You are free to stop at any stage, but who wouldn’t want to make it to stage15??

Differences b/w this system and other network businesses :

This system is unique in many respects. I will highlight them here under.

1. Fastest payment system ever:

The cardinal selling point of this system is fastness. No need to waste many days just to be paid peanuts! The circles of this system is the fastest to complete. Is there any other system known to you that can pay you N37,000 in 2days for a 7,400 investment?? I answer in the negative 😜

So, with this system, you make your money fast,  as in, Usain Bolt speed ooh😀.

2. You are not required to bring people before you can earn money. but it might take longer to earn if you don’t. The greatest challenge of most networkers is the ability to convince others to join their network. This bottleneck has been made easier by the use of this link and by the advent of this system. All you need do is register relax and broadcast this on most social media post 😜. “money go dey find you” No need to stress yourself trying to bring people. In crowdrising, it’s believed that the facts and benefits of the system will speak audibly for itself to attract new members without tasking already existing members with such job.

3. You are not limited to your downlines. In crowdrising, members can get matched randomly by the system, though it might take a a bit longer so, you are not limited to your downlines as you can earn money from payments by people from different parts of the country. This is why you can escape bringing  people,by broadcasting this link

Note that, the link is being circulated around the country, so random matching occurs most time.

Many other benefits abound but I shall leave you to decide for yourself.

When you are done deciding, join us in making the cash😀 now that you have the opportunity.

4. Every new member is given 3 days to pay up or will be removed, this is to avoid stagnating payments as it is only meant for serious members

To register: CLICK HERE NOW

Note 1: for you to enjoy the aforementioned benefits, you must use the above link. It’s a link meant for Nigerians. The website has members from so many countries, but When u use the above link to register, you will be matched with people within Nigeria only so that your payments can go directly to you Nigerian bank account. 

Note 2: there are no referral bonuses. It means that when you refer people, you earn nothing. You only donate to move up and allow others donate to you. This is because the system doesn’t mandate you to do so. However, it’s okay if you refer friends so they can benefit from the system like you. (which is what I’m doing for you right now 😀)
See you at the top when you register with this:

CLICK TO REGISTER

For further info, contact: 08032367384

Nobody has ever come to this business with more than 7400 naira. But people have earned more a fortune from this. I am a living testimony

See Pictures below if still in doubt

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Don’t be afraid to try new things, for fear kills more.

How to Make Money On Linda Ikeji Social (LIS)

LindaIkejiSocial.com was launched on 1st November as a social networking site with a twist. Apart from allowing you to share memories, connect with friends, read breaking news from Linda Ikeji’s blog, you can also MAKE MONEY on the Linda Ikeji Social Network. that’s Awesome…RIGHT?

Well, below are the ways you can make money on Linda Ikeji Social :

1. Submit Original Stories

You can make money by submitting stories on Linda Ikeji Social.

LIS will pay you N1,000 per approved story. For your story to be approved for payment, it must be exclusive and original. Payments will reflect in the “wallet” section of your LIS profile.

Imagine, submitting 10 exclusive news to LIS in a day. That’s N10,000. Not bad if you are not yet making reasonable money online and if Adsense is not yet making sense on your blog…lol

To submit exclusive news on LIS, sign in and click on “Submit Story” button.

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2. Adverts On Your LIS Business Page

You can also make money through the business pages you create on LIS.

According to Linda Ikeji, if your LIS business page has at least 50,000 followers, LIS will use your page to advertise goods and services for their clients. Hence, you will get a share of what advertisers pay LIS to advertise on the platform.

You will get 20% of whatever advertisers pay for each banner.

If your business page followers get to 100,000, two banners will be placed on your page and you will earn double of the amount i.e x2 of the 20% per banner. Cool…huh?

3. LIS Giveaways

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Every week, LIS will be giving out cash, prizes, recharge cards and other amazing freebies etc So, this is another way you can make money on LIS.

You have to be part of the community to find out what LIS will be giving away. Just click on the “Giveaways” button to know what’s up.

Join LIS and Follow me at : pospi-otuson

also FOLLOW our page on LIS here

WATCH THIS VIDEO TO KNOW MORE

 

Few things you should know about SME FINANCE

 

Small and medium enterprises (SMEs) play an important role in employment creation and income level or gross domestic product creation. As a consequence, SMEs constitute a key economic actor to achieve poverty alleviation and sustainable growth.

In numbers, evidence showcases that regardless of the economy size, SMEs have created 67 percent of the global employment and between 60-70 percent of the global GDP is attributable to SMEs. Policymakers around the world are aware of the pivotal role of SMEs in the global economy. Yet, when looking at the bottlenecks that prevent SMEs’ development, access to finance is one of the top barriers faced my many. Still, access to financial services remains a very significant challenge in emerging economies, particularly in the aftermath of the financial crisis.

smes

Financial regulators, such as central banks or ministries of economy, are aware of their responsibility and mandate to work on implementing policy solutions that improve access to finance for SMEs. AFI member institutions established the SME Finance (SMEF) Working Group  in 2013 with the aim of exchanging knowledge to set a common understanding of data indicators that needed to be shared and collected, define the role of financial regulators related to the access to finance, examine the global picture and heed lessons learned from all regions around the world, and to foster a joint peer-to-peer dialogue on tangible policy solutions that enable and improve the sustainability of small enterprises, with particular focus on financial sector policy.

 

NOW LET US SEE HOW SME HELPS YOU.

 

If you are a start-up or a micro business and you require working capital, the SME Bank may be able to help you grow your business and provide you with financing or business development advice on our special programmes. In this SME category, there are special schemes which have been established to promote entrepreneurship across priority and growth sectors.

Should they not have a programme to suit your needs, they will work closely with you to ensure that you receive end-to-end advice on how to grow your micro business.

 

For the micro businesses, SME offer conventional products and services and these include:

  • Working capital for the purchase of raw material, stock and overheads.
  • Term Loans, hire purchase and leasing for asset acquisition (e.g. For furniture/fittings, computers, machinery, equipment and vehicles).
  • Mentorship and Advisory services on the preparation of bankable business plan, book keeping and cash flow management.

Special features

  • Easy to apply
  • Flexible loan tenor
  • A dedicated Relationship Consultant to cater to your business needs
  • Business Savings Account
  • Business Cheque Account

Requirements

  • National ID/ Valid passport of shareholders, directors or sole owner
  • Business registration documents

 

Continue reading Few things you should know about SME FINANCE

top 25 quotes for business in 2017

Life is about making an impact, not making an income. –Kevin Kruse

Whatever the mind of man can conceive and believe, it can achieve. –Napoleon Hill

Strive not to be a success, but rather to be of value. –Albert Einstein

Two roads diverged in a wood, and I—I took the one less traveled by, And that has made all the difference.  –Robert Frost

I attribute my success to this: I never gave or took any excuse. –Florence Nightingale

You miss 100% of the shots you don’t take. –Wayne Gretzky

I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed. –Michael Jordan

The most difficult thing is the decision to act, the rest is merely tenacity. –Amelia Earhart

Every strike brings me closer to the next home run. –Babe Ruth

Definiteness of purpose is the starting point of all achievement. –W. Clement Stone

Life isn’t about getting and having, it’s about giving and being. –Kevin Kruse

Life is what happens to you while you’re busy making other plans. –John Lennon

We become what we think about. –Earl Nightingale

Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do, so throw off the bowlines, sail away from safe harbor, catch the trade winds in your sails.  Explore, Dream, Discover. –Mark Twain

Life is 10% what happens to me and 90% of how I react to it. –Charles Swindoll

The most common way people give up their power is by thinking they don’t have any. –Alice Walker

The mind is everything. What you think you become.  –Buddha

The best time to plant a tree was 20 years ago. The second best time is now. –Chinese Proverb

An unexamined life is not worth living. –Socrates

Eighty percent of success is showing up. –Woody Allen

Your time is limited, so don’t waste it living someone else’s life. –Steve Jobs

Winning isn’t everything, but wanting to win is. –Vince Lombardi

I am not a product of my circumstances. I am a product of my decisions. –Stephen Covey

Every child is an artist.  The problem is how to remain an artist once he grows up. –Pablo Picasso

You can never cross the ocean until you have the courage to lose sight of the shore. –Christopher Columbus

SOURCE; FORBES

12 bible verses every business owner need

I pull together my favorite bible verses to encourage you along your entrepreneurial journey. Running your small business is a spiritual journey as much as a road trip to business success. Along the road, you will be tested, stretched and stressed and these words from the bible will give you needed encouragement.

This is my 2nd year of writing bible verses every small business owner needs, and I wanted the bible verses that so many of you have shared with me in the comments section of this blog over the last 2years. You all have inspired me.

My bible verse theme for the year is Jeremiah 29:11-13, so many of you shared this verse and when I read it I felt so encouraged. Many of us who run a business can feel like a one-armed wallpaper hanger at times and it’s easy to become too busy or tired and forget to pray. This verse keeps me grounded, and I hope it does the same for you. Here are 13 bible verses every small business owner needs for 2016

Jeremiah 29:11-13 (NIV) “For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future. Then you will call on me and come and pray to me, and I will listen to you. You will seek me and find me when you seek me with all your heart.” In order to have a successful business, you must trust in the Lord. God’s will is what is best for us. There will be times when you do not understand why things are happening in your business, but God is always trying to teach us and protect us.

SEE ALSO: Top 25 Quotes For Business

Often in business when we don’t close a sale or get a contract that we invested a lot of time in, we take it personally. Start thinking about things in your business differently. When you don’t get a contract, it’s because it wasn’t meant for you. In some cases, God might have been protecting you from a nightmare client.

Exodus 35:35 (NIV) He has filled them with skill to do all kinds of work as engravers, designers, embroiderers in blue, purple and scarlet yarn and fine linen, and weavers—all of them skilled workers and designers. God has given all of us talents that we can sell, but that doesn’t mean you should start a business. Make yourself a student of business, first. Make sure there’s a paying client for your product or service. Develop your business and leadership skills so that you can turn your talent into a real business.

Always remember who you are and who you are in Christ. We are not defined by our bank accounts or by how many plaques are on the wall. Never hesitate to share your testimony with others about what the Lord has done for you in business. God wants us to be fine examples of his light and love.

Joshua 1:8 (NIV) Keep this Book of the Law always on your lips; meditate on it day and night, so that you may be careful to do everything written in it. Then you will be prosperous and successful.

 

The most important thing you can do for your business is pray daily. Start each day in meditation and prayer and you will stay calm as the day’s struggles come upon you. Read words from the bible to stay encouraged and balanced.

 

Proverbs 16:3 (NIV) Commit to the Lord whatever you do, and he will establish your plans. Whenever you have doubt, go to the Lord in prayer and wait on God to give you the answer. Remember that he speaks to us through visions and dreams, and sometimes he will send people who will speak his words to you.

Isaiah 45:3 (NIV) I will give you hidden treasures, riches stored in secret places, so that you may know that I am the Lord, the God of Israel, who summons you by name. There is no such thing as luck, only blessings sent from God. When unexplainable things happen, do not be fooled that you did anything to make them happen. Always remember that God has already prepared a place for you to succeed and to learn.

Titus 3:14 (NIV) Our people must learn to devote themselves to doing what is good, in order to provide for urgent needs and not live unproductive lives. God helps those who help themselves. If you do nothing, nothing will happen. Focus your activities each day on trying to accomplish 5 things before 11a.m. daily.  You will feel less stress and get a lot more done each day.

Psalm 37:5-6 (NIV) Commit your way to the Lord; trust in him and he will do this: He will make your righteous reward shine like the dawn, your vindication like the noonday sun. There will be times in your life when no one will think that you are going in the right direction with your business. But no one can stop God’s anointing. If he gave you the idea for your business, he will bless it.

Stay faithful and focused. When you think you have no more to give, give some more and you will be rewarded.

Isaiah 54:2-3 (NIV) Enlarge the place of your tent, stretch your tent curtains wide, do not hold back; lengthen your cords, strengthen your stakes. For you will spread out to the right and to the left; your descendants will dispossess nations and settle in their desolate cities. You do not need to wait until you are rich and super successful to help others. You should help others now as you are building your business.

 

Now, that does not mean you should go hungry to help others, but do not be afraid to enlarge your tent to partner with “so called” competitors. There really is enough business for everyone.

 

Romans 8:38-39 (NIV) For I am convinced that neither death nor life, neither angels nor demons, neither the present nor the future, nor any powers, neither height nor depth, nor anything else in all creation, will be able to separate us from the love of God that is in Christ Jesus our Lord. No matter what you do, God loves you. He will forgive you. He believes in second chances and hundreds more, if you need them.

 

Be quick to forgive and pray for a forgiving spirit. How would your life change if you loved unconditionally?

 

2 Corinthians 2:14 (NIV) But thanks be to God, who always leads us as captives in Christ’s triumphal procession and uses us to spread the aroma of the knowledge of him everywhere. Be thankful that you know God for all of his goodness. God wants us to be fine examples of his light and love.

Deuteronomy 30:16 (NIV) For I command you today to love the Lord your God, to walk in obedience to him, and to keep his commands, decrees and laws; then you will live and increase, and the Lord your God will bless you in the land you are entering to possess. Walk in God’s ways and he will bless your business ventures.

I want you all to know that I write these verses for myself, as much as I hope to inspire you. Examine which of these verses speaks most clearly to your heart. I pray that you will be healed by God’s powerful holy word.

 

God Bless you in 2017.

 

Please share your favorite bible verse and tell me what it means to you.

how to Start plantain farming in Nigeria and Make millions

 

By now, it should be no surprise to you that agriculture is the most

lucrative business sector in Nigeria . This has led to a huge boost in local and international investment, which has seen the agriculture industries potential increase exponentially.

If you’re still thinking about whether or not to invest in Nigerian agriculture, you should stop thinking and make a decision today. My advice to you is – don’t delay. The industry is so full of potential, and moving so quickly that you risk being left behind.

If you are already planning to start plantain farming in Nigeria, then you have made the right choice to help you turn your financial status around. With very little capital, plantain farming can help you make millions of Naira every year.

The secret to successful plantain farming is to ensure that you learn the basics, and master a few tricks of the trade. This is why you can start small and scale up to earn a lot from it.

The Plantain tree is a native of Asia, having been cultivated first in 500BC by South Indians. It has spread widely throughout the tropics, moving from Africa to the Caribbean and Latin America. At present though, Nigeria is a large producer of plantain. Nigeria produces more for local consumption in comparison to export.

You might be wondering why is plantain farming such a lucrative business? Plantain farming in Nigeria is so lucrative because plantain features heavily in the staple diet of most Nigerians. The few farmers who are successfully operating in this sector are making millions of Naira.

Continue reading how to Start plantain farming in Nigeria and Make millions

how to be happily engaged at work

“My life is awful.” It’s a phrase many of us use when talking about our everyday routines, our work and our prospects in life. There are many reasons for this logic. As a species, it’s part of our progressive force. If we were always happy, we’d have no ambition.The problem is, a lot of people do nothing about it. It’s easier to blame our mean bosses, the government and everyone else for our dissatisfaction.

Yet – if you will entertain the possibility – all of us can improve our thinking and change our habits to become more engaged, more productive and more satisfied.

It’s very easy to say your work sucks because your boss is mean and doesn’t care. But let’s be honest – if you think that, you don’t care either. If you did, you’d do something to feel better.

how to Start generator repairs and Make millions


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In as much as, generators repair service is considered to be a profitable business, the location you chose to setup this business will go a long way to determine how profitable the business can become. For instance if you setup this type of business in a location where there is a challenge of steady power supply, then you are sure going to make good returns on your investment.

Much more than acquiring the technical skills needed to start your own generator repairs service, you would also need some other skills such as marketing skills and customer service skills to be able to do pretty well with this type of business. Consequently, if you have made up your mind to start your own generator repair service, then you need to follow these 7 surefire tips that will guide you to get started from the scratch and then build the business to profitability within the shortest time possible.

Starting a Generator Repair Service – Sample Business Plan Template:

 

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⏩1. Conduct Your Market Research

The first thing for any person who intend to start a business to do is to conduct a market research so as to be certain that there will be a market for the service or product that they are bringing to the market. The truth is that there are areas where generator repair business can’t thrive and there are areas where this type of service is needed. It is your market survey that can help you discover it.

For example, you are likely going to struggle with a generator repair business in London or any part of the UK and you are sure of making great returns on your investment if you setup your own generator repair business in any part of Nigeria. As a matter of fact, Nigeria remains one of the highest importers of generators in the world; in essence, the services of generator repair technicians will be in high demand.

⏩2. Acquire the Technical Skills Required

If you have made up your mind to start your own generator repair business, then you should endeavor to acquire related technical skills. There are several ways you can acquire generator repair skills. You can enroll in a technical school or a trade school, or you can go ahead to learn the trade directly from someone who is already into generator repair business. As a matter of fact, you can even go through college to acquire generator repair skills. All you need to do is to apply to study mechanical engineering and then specialize in Plant and Power.

⏩3. Write Your Business Plan

Once you have done you market survey and you are sure that generator repair services is needed in your area and you have been able to acquire the required skills, then the next step to follow is to write your business plan. Although you can operate this type of business without a concrete business plan, but if you have a dream of building a business that will grow beyond you, then it will pay you to take the pain to document your business plan.

⏩4. Register Your Business and Open a Corporate Account

The next step that you are to follow in your quest to successfully start your own generator repair service is to register your business with the corporate affairs commission of your country, obtain your Tax Payer’s ID and then open a corporate account for your business with any bank of your choice. You can also choose to open a corporate account for your business with different bank since there are no restrictions to the number of corporate account you can have for your business.

⏩5. Purchase the Required Working Tools

When planning to start your own generator repair service, you are expected to make provision for the purchase of tools that are needed for generator repairs. Some of the tools that you would need are Thread Chasers for spark plugs, complete set of spanners, pliers, choke cable bender, ignition system tester, and carburetor pressure gauge et al. or you can just order for a complete generator repair kit.

⏩6. Rent a Decent Facility for Your Repair Workshop

Since the nature of your job requires you going to fix your clients generator in their location, it is still important that you have a workshop where you will operate from. The truth is that some people still prefer to bring their generator to your workshop to get it fixed. So ensure that you rent a spacious and secure facility for your generator repair workshop.

⏩7. Source for Generator Repair Jobs

There are several ways you can source for generator repair jobs. You can source for repair jobs by dropping your business card with generator owners. You can as well inform those that sell generator to refer clients to you. As a matter of fact, you can partner with generator dealers to help out in helping their customers install their generators and also to help them with maintenance.

Starting a generator repair service is indeed a profitable business, but you can as well maximize your profit in this type of business by adding the sales of generator spare parts to your business. It is the wise thing to do, because it will save you some bucks when you need to buy parts to help someone fix his or her generator, and you can also maintain steady flow of income when you don’t have repair jobs to handle.

There you have it; the 7 surefire tips that can help you setup your own generator repair business from the scratch and then build it to profitability within record time.

How to win and retain customers in business


One of the greatest challenges you may face in business is how to building your customers base and keep them coming. You may have everything required to run a business but once you don’t have customers to patronize you, you are not in business especially in business where the back bone of success is good customer base. As a matter of fact, strong customer base is the lifeblood of every successful business because; you are in business as long as they keep coming.

 

Image credit= wealthresult.com
Image credit= wealthresult.com

 

Some really have this believe they are not in business because of any particular customer therefore, they go ahead and treat those who come around them as if they are out to prove a point that they not hungry. That isn’t too good because every business person is hungry for profit and success. If you are not hungry for the reasons mentioned, then you do not suppose to be in business.

Can you remember the last time you visited any good establishment? Do you notice how prompt and polite you were received? Can you tell me the reason why all the major companies and establishment has customer care unit? If this ones can still go extra mile to satisfy their customer no matter how small and insignificant they seem to be despite the strong publicity some of them have, then you will understand how wrong you where if you are among those who has the syndrome of “Soldier go, soldier come” for their customers.

It is one thing to win a customers and it is another thing to keep them coming time and again.

You may be just loosing your customers to your competitors due to your attitude towards them.

Yes, do not forget that what builds business is knot how much invested in it, it is how best your positive attitude toward those who may come around you for the purpose of transaction. Therefore start doing the following now!

By all means, make yourself appealing to those who choose to patronize you, see it as a rare privilege no matter how scarce your product or service seems to be – your customers may choose to go elsewhere after all.

Create products or services that are unique, let your services distinguish you from your competitors by so doing you make your customers see value for the money they intend to part with.

 

 

 

Be punctual and regular in your business, do not crate the impression of irregular, unreliable business person in the mind of your customers as this is capable of damaging whatever trust they may have in you to provide good service delivery on time.

 

Always try to know the mind of your customers by asking question such as: Are you satisfy with my service or goods? Are there ways you want us to improve on? Then conclude by assuring him of your readiness to attend to his need next time.

You may ask him to come back if there is any complain about the goods or services, as that will create a room for open discussion between you and your customer thereby creating positive relationship that is required in building solid customer relation.

Work on your personal and business image – you have to sell yourself before you can sell anything else. People are naturally attracted to something neat and presentable. Therefore, by paying attention to your personal appearance and to your business premises your customers will be naturally attracted and enjoy coming to you always.

Granted, some customers can be very difficult to deal with but never mind. You can still win them over or at least create positive impression of a good businessperson in their mind.

If by any reason, your customer seems unhappy due to the quality of goods or services rendered see what you can do to remedy the situation. Your business will not in any way be affected if you overlook some few issues and at the same time you will enjoy good relationship with your customers. Your goal is not just for instant gain at that point in time, but to keep them coming for the future benefit because, once they stop coming you seize being in business.

Every business is capable to make you rich, only if you can master the best way to treat those who show interest in your goods and services! You will surely reap the rewards that come with hard work. Don’t procrastinate, go ahead with any aspect of Business you find interesting on

 

POSPITIPS ONLINE the profit is there waiting for you.

 

The journey has just begun! I hope as we have started it together, please do not give up. “A winner never quit and quitter never wins”.

👤POSSIBLE OTUSON (Pospi)  – Blogger and Business Coach

Top 10 most Profitable Small Business Ideas in Nigeria

Continue reading Top 10 most Profitable Small Business Ideas in Nigeria

how to Start a bread bakery business in Nigeria

 

Bread is the third most popular food staple in most parts of the world. It is widely consumed across the continents by almost all citizens, ethnics and religions groups. Everyone likes the smell and taste of bread, especially when it is freshly baked. It is one of the quickest and cheapest food to get your hands on in time of hunger.

With these in mind, we can safely conclude that starting a bread bakery business anywhere in the world is going to be a viable business.



Like I have always said, the best product to deal with is the product that is in high demand in the market and bread happens to be one of such product.  Continue reading how to Start a bread bakery business in Nigeria

Starting Your Own Business? what are the Benefits?

Thinking of starting your Business? 

its a good thing when the resources of getting started are in place. Also, having your own business established means you are practically taking a step to take control of your life, and your dreams.

There are literally countless business ideas floating out there.

Some are brand new ideas while others have been successfully implemented by thousands of people. Many of these ideas are simple, straightforward, and inexpensive to start, while others are a bit complex.

Starting your own business may require a lot of process. But in my own opinion, I advise you to start small and simple, using your own hard-earned resources to execute the idea first.

Then the success gained and your entrepreneurial spirit may motivate you to take your business to the heights you may never imagined. But you will never encounter such success if you do not give it a shot.

There are lots of benefits of starting your own business and some of them you might never know until you give it a trial.

Here are tips and motivations that can help you to start a successful business:

  • Independence And Flexibility

When working for yourself you tend to gain more freedom and independence. And once your business is firmly established, you’ll probably have the flexibility to make sure you don’t miss the moment and events that matter to you the most in life. You work your own hours and if you want to take a day off you don’t need to call the boss.

That does not mean starting your own business is a passport to relaxation, it simply means you’ll have the freedom to decide when to work and when to rest. Sometimes, starting your own business could even mean working harder but you make that decision and not someone else else making it for you.

You Decide Your Income If you are an employee, no matter how hard you work, you will always receive limited income even if you are the most efficient and most qualified employee. If you are a business owner there is no limitation to how much money you can make. Your income will depend on how good and efficient you are in running your your business.

In a nutshell, you are the decision maker and everything lies in your hands. If you are extremely ambitious, starting your own business will give you freedom to compete and set target for yourself to even compete and become one of the very rich persons in your niche and community. You decide when to retire depending on how much money you’ve made and even when you retire, your business will still be making you money.

SEE ALSO: How to win and retain customers in Business

  • Personal Fulfillment In Your Own Business

Having your own business can be more satisfying than working for someone else. Many successful small business owners enjoy the respect they get from their peers for having the courage to go out on their own and set up a business.

You are not limited in applying your creativity, you have the freedom to experiment and take calculated risks that you dare not do if you are working under someone. When such creativity and risks brings positive results, you become the most fulfill person on earth.

You become a business creator and not merely a product of business creation. You can brag about your achievement and enjoys all the recognition you get.

To Learn New Skills The more you work to build your business, the more you will realize how little you actually know. As your business expands, you will learn time management,marketing, general management, book-keeping, new types of problem solving, tax implication and so on. You will learn plenty about yourself and what you can handle throughout the life of your business.

Don’t be surprised if power is one of your goals, you will acquire power through your business and keep learning the skills of managing your power. In your business, you have employees who are out there to do your bidding your way.

However, if power is important to you and you really want to retain it, think of using it in a more constructive way to build positive value.

There Are Organizations To Help You Success There are non profit organizations out there to help you succeed in your new business. They will provide you with guidance, specialized expertise, and even offer services in helping you establish your organization up and running.

Small businesses are very important in the economy because it represents one of the workforce.

There are several organizations that you can search on the web that have the resources to help you with any advice that you will networking need for your business.One of such organization is The United States Small Business

Administration which is a Government agency that provides resources, guides, and advice to small business owners and startups.They also provide tools such as business plan software, etc.‘Doing Business’ which is powered by World Bank Groups another powerful resource platform for business startups.

SEE ALSO: How to win and retain customers in Business

Here on POSPITIPS ONLINE also we make effort to provide you with some of the finest business ideas to work on. Having a vision Most new business owners realize the dream of doing business through their own visions of how they can do things better.

Your vision or idea often comes from businesses that are not providing service or products, and you feel you could improve them if you own a business that render such services in more effective and efficient ways.

Once you have a vision for a business, it is easier to turn that vision to reality. The quality of employees you hire could also determine your success or failure in a business. How many times have you sought out business products or services and dealt with poor customer service people? By hiring the employees that will get the job done, you can make your business better.

Income Expectation Small business can be profitable. It is not only big corporations that pulls in big profits. They are countless stories of entrepreneurs landing a solid idea and exploiting it for a large financial gain. And from a selfish point of view, you get to keep more of the profits if the business is your own.

Starting your own business affords you the opportunity for professional growth. Entrepreneurs get to try there’s hands in all of the business from marketing to sales and business development. This gives business owners the ability to be more creative and become involved in the whole process of starting and running a new venture.

This can also lead to more business opportunities in future as entrepreneurs learn all factors that make their business successful.

Did you learn anything from this report?

Share it with us through the comment section and help to empower others.

How To Produce Garri In Commercial Quantity And make Million

 

For instance, if you taste a Yoruba made garri and Igbo version,you are bound to notice some major and minor differences just like you would of a Togo and Ghana garri.

The guideline is to know what appeals to your market, if not onemay end up with the right product in the wrong market.In Nigeria, one may have the options of producing garri with varying methods and have it taken to the market for sale but among these various methods of productions, manually produced garri usually last longer than quickly made ones which contains moisture and starts getting bad as soon as it’s bagged, but the downside of this methods of production is that it doesn’t pass the international standards and are not fit for exportation.

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Garri production is a very big business that is churning out millions of naira for those doing just the ways it should be done. The investors with the right machinery are making real money producing this essential commodity in some great quantity to serve the market that is far from being saturated as the demands of it continues to increase.

 

It is a viable business because it is one of the most widely consumed food in Africa and beyond.jdghjhgkhgkhg As the population of Africa continues to grow along with its economy, likewise the demands of staple foods like garri continues to match up with it.

 

To start with, Garri is a product of Cassava which thrives in African soil due to good tropical climate. Even when other farm produce fails, cassava is is very sure to live up to expectations in bringing good harvest to the farmers.

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There are so many ways to convert the produce of cassava into different foods in Africa which garri happens to be the most among the list and its accepted throughout Nigeria as a common food for all.

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common man’s food

Put simple, garri is a common man’s food.

Sometimes and no matter how intense the economy is or howhard other food commodities may be to obtain in the market, the common question from caring relatives or others are usually,‘Hope you are eating garri or ebba?’ as its otherwise called. Just to show you how sure and affordable garri is.

 

Garri is very common and that has affected its prices for a long time now and making it to be stable. At least,close to 80% of cassava produce are processed into garri  just to show you how high the demands of garri is around within the country not to talk of having it exported to other countries which those who met the stringent exports requirements are doing.

You may not have to concern yourself over that because you can still make it big producing and selling it locally and even contact those exporting it to be buying from you if are sure of enough quantities and best processed products.If you have interest in garri production, here are some tips to guide you into making it a reality as you are sure to have your millions to show for it.For any serious entrepreneur to go into garri production, he may have to invest in cassava production which in its own is a profitable farming in Nigeria.

But if you are sure of having a steady supply of cheap and fresh cassava tubers, then you can still make it without your own farm.Another important thing to keep in mind is that cassava is a perishable item and if left for a long time it may get spoiled and that would affect your end product; because of that, always have the time frame in mind whenever you are placing order for a fresh supply or going to the market to buy yourself.

Continue reading How To Produce Garri In Commercial Quantity And make Million

5 Fears I Overcame to Become an Entrepreneur

The freedom entrepreneurship can provide is priceless. Being able to set your schedule and earn an income based off of the value you provide is appealing. 

There are many enjoyable parts of an entrepreneur’s life, but life isn’t a movie, and there are challenges and struggles every entrepreneur will face. These challenges are especially strong when you’re starting a business.
Fear kept me stuck in a business I hated because the money was good and pretty much guaranteed. I had a full plate of customers, but the work felt like it was draining my soul. My dream was to create a lifestyle businessthat allowed me to write, speak and consult. I had to beat these five fears to make that dream a reality.

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How to Know Your Customers and Their Needs

 

If you have ever found yourself being caught up in the web of building a business, then you will know by now that starting a business is a lot of work. However, once you are able to successfully launch the business, the next phase of challenge is to win customers over.

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How to Start an Architectural Firm

 

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How to Know How Much Your Business is Worth

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3 important Business Skill you dont Learn in school

 

The fact is that a formal education will bring you up-to-speed on the latest develops, and history, of your chosen field. In addition, your dedication to post-secondary education will help you to create business networks that it will take decades to re-create without the college / university environment.

Regardless of your personal opinion of formal education’s role in business success and entrepreneurial endeavors, here are three skills that you will not learn in school but are crucially important to your success as an entrepreneur / founder.

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5 Awesome Tips for Success in Both Life and Business

Sometimes what helps us to be successful in our professional lives is not such a great idea in our personal lives — competition is a quality that comes to mind. At the same time, we all have a limited amount of time each day to do the things that we want to do.
So for the sake of saving time and energy, I’m sharing a list of tips that will help you be successful in both life and in business.

1. Add Value

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Benefits Of Using Twitter For Business

 

With over 500 million accounts and 200 million tweets every single day, Twitter is the new media kid on the block. No wonder Twitter plays a vital role in the hundreds of social media marketing tactics run by different companies worldwide.

Continue reading Benefits Of Using Twitter For Business