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Motivational Quotes from 20 Successful Nigerian Entrepreneurs

Quotes and wise sayings from successful entrepreneurs have become a source of inspiration and motivation to young and upcoming Entrepreneurs as well as those who are deeply business inclined.

The application of these quotes Quotes given by 20 successful Nigerian Entrepreneurs based on their series of experience will be of
great help to young entrepreneurs regardless of the type of enterprise, firm or dream you intend building.

Take a ride below to see awesome motivational and inspirational Quotes from 20 successful Nigerian Entrepreneurs.

Aliko Dangote
“Endeavor to work hard as possible to attain a new aim with each day
that comes by. Don’t go to bed until you have achieved something
productive”.

M.K.O. Abiola
“No one can give you the power to succeed, It’s yours. Take it”.

Abasiama Idaresit
“I consider myself an expert and a leader in the field of technology,
marketing and business, my past successes has been as a result of my
passion and commitment”.

Henry Fajemirokun
“Events may fail, that does not make me a failure”.

Hakeem Belo Osagie
“In today’s world paradoxically, It is the boldest action that is
often the safest. Remaining where you are in a world that is changing
so rapidly is in fact the most dangerous of all places to be in”.

Folorunsho Alakija
“It’s is essential to draw up a “Things To Do” List on a daily basis
and set priorities in executing them, making sure that any unfinished
task get posted to the next day’s list”.

Charles Igwe
“Getting things done is better than having things perfect. Done is
better than Perfect. Whatever you have in your hands, get going with it. Just do it”.

Jason Njoku
“You have to be in the ground in Africa. I personally don’t believe
that you can start a business in Africa if you don’t immerse yourself
in the market 100%”.

Cletus Ibeto
“I started as spare part import dealer, after spending some time as an
apprentice in the motor parts Business. You must be once a boy before becoming a Boss “.

Ola Orekurin
“True success is about a passion to create a better world, live a life
you can look back on and be really proud of”.

Uche Pedro
“Keep it simple. Don’t try to do everything. Pick your lane and be the best at it”.

SEE ALSO: Top 25 quotes for Business In 2017

Jim Ovia
“I will continue to empower the youths. That’s my passion. The youths are leaders of tomorrow. We must continue to support them”.

Wole Soyinka
“Be yourself. Ultimately just be yourself”.

Damilola Solesi
“I might fail in business but I don’t consider myself a failure until
I have given up. Failure is given up on your goals and dreams “.

Bakrie Delano
“We all make mistakes; the even bigger error is not learning from them”.

Chinua Achebe
“One of truest test of integrity is its blunt refusal to be compromised”.

Fella Durotoye
“Failure is the test of true commitment. If you back out and quit
after a failed attempt, then you’re not yet committed to the dream”.

David Oyedepo
“How far you can see determines how far you can go”.

Okechukwu Ofili
“You got to have the bad years so that you can love the good years”.

Oluwaseun Osewa
“Our Preferred holding period is forever”.

SEE ALSO: 12 Bible Verses for Business Owners

I hope you find guidance and strength in this words of those who have traveled through the way of success and extremely successful doing business. Now go out there, excel, be great and stay Inspired.

Watch the Video Below for more Inspirational quotes!

 

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

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

Agriculture and the Nigerian Economy

 

Nigeria Economy is blessed with series of Natural resources, yet they suffer in the midst of plenty. Nigeria has a high poverty rate comparison with other African countries despite its high GDP.

well I once shared an article on Ways to boost the Nigerian Economy Through Agriculture Maybe you should check it out.

However, Nigeria’s Agricultural sector has a high potential for growth, but this potential is not realized. Productivity is low and basically stagnant.

Farming Systems, which are mostly small in scale, are still predominantly subsistence-based and for the most part depend on the varieties of the weather . Many agricultural policies have also been ineffective, either because they have been misguide  or because their impacts have been swamped by macro policies affecting inflation,  exchange rates, and cost of capital.

Recognizing these challenges the Federal Government of Nigeria has identified the modernization of the agricultural sector as a major priority.

This article is aimed at shedding some light on the role of agriculture in the Nigerian Economy.

SEE ALSO:  How to start plantain farming In Nigeria and Make millions

agri

Agriculture involves the science, practice and occupation of cultivating land ans raising crops. It also involves the feeding, breeding and raising of livestock, The main purpose of agriculture is to provide food and raw materials for human use.

Nigeria is currently poised to be a world power in the Agricultural sector.

The fact that Nigeria is richly blessed with abundant human and Natural resources is one point that has been consistently repeated in Various fora.

Agriculture contributes between 30 and 40 percent to the national gross domestic product (GDP) of the the country with a huge majority of the rural population engaging in subsistence Agriculture.

The relatively diverse variety of climate condition in Nigeria makes it possible to raise a wide range of crops across the country.

The major crops grown in economic quantity in Nigeria are beans, cashew nuts, cassava, cocoa, groundnuts, gum, Arabic kola-nut, Maize, melon, millet, oil palm, plantain and banana, rice, rubber, sorghum, Soy beans and yams.

Coupled with these crops Nigeria also produces fruits such as pineapples, oranges, lemon, lime, and tangerine.

Prior to the discovery of oil in Nigeria, agriculture was then the highest earner of foreign exchange for the country, and Nigeria was also largely self-sufficient in food production.

Although agriculture is no longer the focal point of the Nigerian Economy, it still plays some important roles in the country.

………………..To be continued on Roles of Agriculture in Nigeria’s Economy.

 

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:

 

Major Fears all Successful People Must Overcome

If you want to succeed live in life, you must overcome your biggest fears. Some fears hold us back more than others. The nasty ones are like straight-jackets that restrain our abilities, making our dreams an impossibility. To be successful, you need to confront them head on.

Continue reading Major Fears all Successful People Must Overcome

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

See how banana & plantain business can generate Millions

 

Banana farming is the most neglected farming in Nigeria, yet, holds more promises and profit potential than most other farming. Knowledge is power and useful, but when it is kept away from the others it becomes useless! In this post we want to take a look at banana and plantain farming in Nigeria and how to get started.

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You can be making N1million monthly from banana and plantain farming if you take it to the commercial standard. If many people Nigeria today could sit down and review their living standards, they will see that most of their complaints for poverty and their inability to take care of their situation were actually their own making.

Why would the city be clustered by hungry people who are doing nothing when the surrounding states are made up of vast expanses of productive farmlands? Even when you can make millions from farming without stress? Take up banana farming today and see how it goes.

Hear what a man said with regards to this: “I was shocked that I was largely to blame for the poverty I was wallowing in. Since then I resolved to do something to turn round the situation,”

Many people today are still wallowing in abject poverty notwithstanding that they can still conveniently do some things about the sad situation and rescue themselves from poverty, take care of the situation by embarking on personal business or the other instead of waiting endlessly for a white collar job that may be here today and gone tomorrow.

Plantain_Farm

Do you know that plantain and banana mean much more than being carried with tray-pan and running after vehicles on the go-slow as so many are seen doing in many parts of Nigeria? If we realize that the demands of these fruits that has become staple food in Nigeria and other parts of the world is increasing by the day, we would then know that thinking towards that area would make some serious business senses.

Take plantain for example, Nigerian are not playing with it as they prefer eating it in various ways both ripped and unripe and very good for those working on their sugar levels.

Again other foods like beans, rice, and groundnuts all make very good combination when taken with banana or plantain. Think again about the delicious chips that we like to eat, all these and many more are the end products of plantain.

So without going into much details, looking at various usages of these fruits is enough to tell someone with entrepreneurs mindset that this is simply, money in bunches!

You may be new into farming or has been farming but hasn’t cared enough to consider banana and plantain as all that important.

Banana

But with the above brief analysis, we are encouraging you to give it a trial, with the assurance that if done properly,  you will not regret it.

For those interested in plantain/banana cultivation, we will be glad to provide you with just enough knowledge needed to go into its farming and take part of the profits that those already in the business are enjoying.

Guidelines For Starting Banana And Plantain Farming

  1. Look for the right climate –

Agriculture-Nigeria-e1468769335599

Plantain and banana have one thing in common and that is, they thrives very well in an average climate that is neither too hot nor very cold. They do well in naturally fertilized soil or thick compost manure. Having them in groups is another tricks to getting good harvest because they protect each other from harsh rays of the sun or alternatively, if there are other trees to provide some needed shades that could help to maintain the humidity of the environment, that would suffice.

SEE ALSO: Ways to boost the Nigerian Economy through Agriculture

  1.  Get Healthy suckers –
Banana and plantain suckers
Banana and plantain suckers

Bananas and Plantain are not grown like other plants but its grown through suckers and as such, choosing healthy suckers goes a long way to producing healthy harvests. Always use suckers from matured and dying plantain or banana plants.

  1. Transplant –

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While transplanting, make sure that the corm or the roots at the bottom is trimmed properly to facilitate good growths. Give five meters gap between plants and keep the plants moist at the early days but do not over wet the soil because the leaves are not yet out for much water evaporation.

 

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Also apply any method to have it protected from some strong winds and throwing the dead plantain leaves back into the plant is good to sustain the needed manure for good growth.

Do not leave much suckers to be attached with a plant as two are usually enough. Cultivating plantain or banana doesn’t usually cost much except the initial securing of the land and planting the suckers after which the plants keeps growing unassisted.

Once it starts to produce, another form of work involves is to make sure that strong winds doesn’t get freely to it as that could bound to be falling the trees.

Starting a plantain or banana farm is not in any way expensive if you have a sizable land. The only thing that you would spend little money on are for the clearing of the farmland and buying of the suckers for planting.

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For an acre of land, you may spend less than N300,000 to have every thing done and includes some clearing as the needs may be until the first harvest.

Once a plantain plantation picks up, the owner stands the chance of continuous harvest for the next 20-years or more depending on how the farm is maintained.

The best breeds to go for, is the “hybrid/agbagba” this is a good specie because apart from producing on time when properly taken care of, it’s usually very big and long; making people to compare it with elephant trunks.

Maintaining the plants doesn’t entail more than heaping soil around the suckers, removing of the unwanted suckers, fertilization, mulching and weeding once in a while.

Banana

In a banana or plantain farming is very lucrative because any amount it gives you on the first harvest, be sure that with less hard work than all that you started with, you would be making an increment year by year till the next 20 years or there about.

Plantain farming is a sure business if only the farmer see it as such. When you go to mile 12 market, Ketu market or any other markets where the fruits are being sold, you would be made to understand better that those making it possible are not in any where joking because it is a viable business.

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Though the business is lucrative but the advice from long time farmers is,

‘The size of your farm should depend on the size of your dream, creativity and innovation. Avoid taking on too much than you can be able to handle financially and in terms of personnel’. Besides embracing modern farming practices, seeds and technology, be passionate about what you do and give farming additional time’.

Those are the words from the horse’s mouth, those who had changed their life stories with various forms of farming, banana and plantain inclusive.

The man we started his testimonies with in this post still has much to share with us as he continues….

“I had always dreamed of becoming a big farmer. Naturally, I was inclined to the agriculture sector, in which I believed I had some basic skills to do a decent job,”

That didn’t do much for him until he backed up his words with determination and stood up to carry out his long held heart desires of going into farming and that changed his life for the better as he have this to say “I could now see my dream taking shape…I could see myself as the biggest farmer in our locality. I was determined to make commercial farming a pedestal for a better future for my family,”

You may be surprised to know what this successful farmer is giving these praises to. He started with Pineapple farming and cattle rearing and later diversified into banana cultivation. His testimonies continues…

“I was among the poorest people in the sector, but he now I owns the most beautiful house in the entire village. My children are studying in one of the best schools in town.” This farmer concludes with this counsel for farmers: “Always plan your projects well and be focused. He adds that only those that dare to dream big and take that extra-mile achieve goals. The reality of this saying can only be proved by embarking on the lucrative plantain farming.

Ways to boost the Nigerian economy through Agriculture

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According to Wikipedia, agriculture is the cultivation of animals, plants and fungi for food, fiber, biofuel, medicinal plants and other products used to sustain and enhance human life. It is important therefore to work towards boosting the Nigerian economy through agriculture.

Nigeria is a nation that depends solely on crude oil to drive its economy. Nigeria has been having it good economically until recently, due to the crash of oil price globally and no thanks to the resumed hostilities in the Niger Delta region which has immensely and adversely affected Nigeria’s economy.

To say it simply, Nigeria can no longer depend solely on oil to survive economically. Nigeria must as a matter of urgency diversify its economy for its survival and agriculture readily comes to mind to answer the question of diversification.

Before the discovery of crude oil, Nigeria was basically operating an agrarian economy, which involved the cultivation and exportation of cash crops like cocoa, groundnut, palm oil, etc. It is now high time Nigeria got back to agriculture for economic sustainability. As Anietie Udoema once said, “you cannot change a winning formula.” If agriculture sustained Nigeria in the past, it can equally sustain Nigeria now.”

✅Important Reasons Why Nigeria Must Embrace Agriculture

Nigeria stands to gain a lot if particular if urgent attention is paid to agricultural development. According to Wikipedia, agriculture is a vital industry in China, employing over 300 million farmers.

According to Chief Audu Ogbe, the Minister of Agriculture and Rural Development of the Federal Republic of Nigeria (FRN), as published by The Guardian Newspaper of February 13 2016, Nigeria spends a whopping $20b on food importation yearly and National Bureau of Statistics, Nigeria reported that agriculture’s contribution to Nigeria’s Gross Domestic Product(GDP), decreased from N4.5b in the fourth quarter of 2015 to N3.2b in the first quarter of 2016.

The above therefore implies that Nigeria loses so much in food importation and generates so little economically with regards to agriculture. Other reasons are:-

  1. Employment opportunity.
  2. Food security.

  3. Economic sustainability.

✅Practical Ways To Boost Nigerian Economy Through Agriculture

  1. The Federal Government of Nigeria (FGN) has farms across the 36 states of Nigeria, which is managed by the Federal Ministry of Agriculture and Rural Development.

The Federal Ministry of Agriculture and Rural Development should undertake a national survey and tour of the FGN farms and publish the addresses of the farms.

  1. The FGN through the Federal Ministry of Agriculture and Rural development should employ youths into the Federal farms to cultivate the farms. The employees should be paid as civil servants. However, they must be supervised and monitored to make sure work is done.
  • Offices should be built on the farm where full administrative and supervisory work takes place.

  • Ranches, piggeries, poultries, etc should be built on the farms and animal and crop farming will be going on simultaneously.

  • Markets should be built on the farms so that harvested farm produce can be sold immediately without the stress of transportation and other inconveniences.

  • The farmlands or shops in the market could be leased or rented to as many as are interested.

  • Food storage should be a top priority of the government. Dr. Goodluck Jonathan as President established 7 silos for the storage of food. One of the silos which is located in the Sheda Area of the Federal Capital Territory (FCT) is 100,000 metric tonnes silo and is reputed to be the largest in West Africa. More silos can still be built. Every farm should have storage facilities.

  • Public Private Partnership should be encouraged. Government should bring in investors.

  • Farmers and investors should be encouraged by favorable policies, tax rebates or tax holidays, etc.

  • Agricultural Science or agricultural studies as the case may be should be introduced into the education curriculum as a compulsory subject or course from nursery or elementary to tertiary institutions. Every Nigerian student at any level must learn about farming and own a farm while in school. At the tertiary level, the FGN can get a clue from Landmark University, Omu Aran, Kwara State, which ‘Agrarian Revolution’ as its mission.

  • Conclusively, according to the words of Allan Savoy, “without agriculture, it is not possible to have a city, stock market, banks, university, church or army. Agriculture is the foundation of any civilization and any stable economy.”

     

     

    12 Bible Verses Every Business Owner Needs

    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 a laundry service in Nigeria (Dry-Cleaner)

     


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    Before you start thinking about it, let’s cover some basics in entrepreneurship before we move on to talk about how to start a laundry business in Nigeria.

    Often, when business discussions take place, the first thing that comes to the mind of an average Joe is a

    business idea that requires a lot of financing…

    On the contrary, the best business ideas are not always capital intensive, in fact the brightest

    business ideas with great potential are the ones you can start on your own with little expenditure and grow them organically into something big later in the future.

    Rightly so, you aspire to be the next Dangote, or Adenuga (me too ), but often we forget the fact that they both had humble beginnings.

    What amazes me about the majority of successful people is that they are prepared to roll up their sleeves and do the most menial jobs an average individual wouldn’t do .

    Just take a pause and think about it; did you know that Dangote made millions hawking goods to a common man on the street? (technically)… He was a retailer before starting his production company, which he developed in to a lucrative business.

    Talking of menial jobs; something like the dry cleaning business instantly springs to mind….

    In cities like Lagos and Abuja, where people spend hours navigating the city and are extremely exhausted before they get home from their day job, such people would literally jump at the opportunity of having their laundry done for them, provided that the price and quality is right.

    So, Yes! There is a huge market for the laundry business in Nigeria, especially in bigger cities like Lagos, Abuja, etc.

    If you’re thinking of starting a business and you need an idea; the laundry business is a viable option that you should seriously consider.

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    HOW TO START A LAUNDRY BUSINESS IN NIGERIA 

    Because the laundry business is not a complex one, I would try as much as possible to explain the basis in three basic stages:

    #1. Planning:

    Just like any other business, the most important part is planning . So don’t delay and start your laundry business plan today, because it’s easier to detect a flawed idea during the planning stage.

    Speaking from experience, I have lost a considerable amount of time and money on several ventures because I did not plan before executing.

    I just went with it, and the outcome wasn’t great.

    The most important point is that you should always plan your proposed business before launching.

    Planning a laundry business in Nigeria doesn’t have to be a difficult task.

    Here is a quick guide on how to plan your laundry business in Nigeria:

    1. Pick a notebook and answer the following questions GENUINELY:

    (a) What’s the goal of this business?

    (b) How much can I afford to cough out as investment capital?

    (c) Where would the laundry business be located?

    (d) Who are my potential customers?

    (e) How much will I charge my client per service rendered?

    (f) What are the most important Items needed to get started? (More on this later).

    (g) What other sources of capital can I access other than my personal funds?

    1. Draw a business flow chart:

    It’s important to draw a flow chart of what your business operations would look like. A typical laundry business might look something like this:

    Customers —> Office –> Laundry Room –> Office –> Delivery/Pickup (Client)

    You can then take note of the important personnel and equipment required at each stage of the flow chart.

    Personally, I would clearly explain each stage of the flow chart so that you have a clear idea of the important people/things needed

    Customers: These are the foundations of your business; you should know that there is NO business without your customers. This is an indication of how important it is to get people to choose you, but you have to give them a reason to choose you over your competitors.

    The customer represents the centre of your business, without a customer; there is absolutely no show to run! With that in mind, you should focus more on answering question 1 (d) above.

    Office: The chart also shows how important an office space is; which means you would need a space where you process orders from customers.

    If you intend to run a large-scale operation, you might want to consider hiring a receptionist to look after your customer service and administration tasks. The office space doesn’t have to be fancy, it can simply be a place where customers can drop off and pick up their clothes, wait, make payment and ask questions.

    You would also need an area for storage within the office area; you can always partition the same room.

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    Laundry Room: This is where your core business activity will take place. If you wish to run a reputable laundry business, then you need to dedicate enough time into planning how to make this part of your business efficient, effective and economical.

    There are two major items needed in this section; a washing machine and a pressing iron.

    Depending on the volume of customers, you have on your list. You can do most of the work here, or at least until customer orders are rolling in more quickly than you and your current staff can fulfill them.

    It’s essential that you get a machine that can wash and tumble dry very fast; that way you can process orders in less than 24hours and keep your customers happy.

    You can do the ironing as well, or hire somebody to do the ironing and pay them on a performance basis.

    Lest, I forget, to provide a consistent service you will need a regular power supply due to the issue of erratic power supply in this part of the world. Getting a medium sized petrol generator can solve this.

    Once you’ve taken care of the necessary things, then you can move on to the next stage, which is the actual execution of your laundry business plan.

    #2. Executing:

    This stage requires some amount of capital to procure the items mentioned in the planning stage. Once the items are procured, then the execution stage is in progress.

    While money can get you the items needed to run the business; and to some extent money can also get you your first customer, but I would like to shed more light on how to “attract” you customers.

    Remember I mentioned earlier in the planning stage that you should have a list of potential customers. The execution stage is the right time to target those potential customers and tell them about the benefits of your soon to be launched business.

    Make a list of family members, friends, neighbours, and working class citizens in your area that you think will find your service valuable. Arrange a meeting or chat to them in the streets, but most importantly, tell them about your business. Call them to remind them about your business a few days before launching.

    It’s easier to sell to those that know and trust you compared to those that don’t, but you still have to give them a reason to chose you. What is your unique selling point?

    #3. Marketing:

    Now you’ve launched your business, and you have your first customer. How do you make the next step and scale your laundry business to attract more customers and increase your profits in the process?

    Understandably, marketing is essential. But aside from marketing, the most important thing is to offer a service that you are proud to promote, offer a service that your friends can confidently and boldly refer customers to.

    It’s vital that you offer a service that satisfies that needs of your customers, and delivers everything that you have promised. This is how you turn first time customers to repeat customers, and make them come back over and over again, and eventually they will recommend new customers to your business.

    To promote your business, you can make banners and flyers. If you have the money in your budget, you can create business cards and hand them out to people in your church (or mosque as the case maybe), visit your bank, and other local businesses and leave your business cards with the staff.

    Another option is to make a list of hotels in your area, find out if they have a laundry department (Most average sized hotels/motels don’t offer a laundry service), reach out to the manager and strike a good deal with them.

    Items Needed To Start a Laundry Business:

    1. Washing Machine

    2. Generator

    3. Iron

    4. Office Space

    5. Laundry Room

     

    Conclusively, the major difference between successful people and the poor people is their ability to take action, and when they take action, they don’t relent until they achieve their goals.

    …The offer still stands; would you do my laundry if I paid you?

    so what are you waiting for… You can start your laundry business in Nigeria today!

     

    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.

    Three altitude you must drop to succeed

    Continue reading Three altitude you must drop to succeed

    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

    Starting Your Own Business? what are the Benefits? Here there are!

    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

    Giving yourself the Ultimate leverage to succeed


    By applying the power of leverage to business, you can (with less effort) accomplish a lot more. Without it, you increase your risk of burnout and frustration, and limit your rewards.

    Continue reading Giving yourself the Ultimate leverage to succeed

    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.

    Continue reading 5 Fears I Overcame to Become an Entrepreneur

    3 important Business Skill you may not have Learned 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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    Continue reading 3 important Business Skill you may not have Learned in school

    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

    Continue reading 5 Awesome Tips for Success in Both Life and Business

    How to Start-up a business with almost no money

     

    Continue reading How to Start-up a business with almost no money

    The Secrets behind Aliko Dangote’s Wealth

     

    Continue reading The Secrets behind Aliko Dangote’s Wealth