In recent times, there has been a great desire for people to embrace entrepreneurship. When you think of successful people or read success stories, millions of others have also failed. Building and running a business is one sure way to create wealth in any economy; however, not everyone has what it takes to excel as an entrepreneur, as it is...
The logistics business in Nigeria has experienced a boom in recent times. This is because there has been a huge demand for logistics in Nigeria owing to the rise of small businesses and e-commerce. In fact, the bane of most e-commerce stores is logistics, as, without it, they can’t survive. Logistics is the movement of goods from one place to...
A recession is a significant and widespread downturn or decline in economic activity in a country that typically lasts for longer than a few months. A recession means entrepreneurs may get caught up in blaming external factors for their business woes and losses. Instead of always whining and feeling depressed, here are some ways to keep your business afloat during a...
Have you lost your job, or are you seeking a side hustle to supplement your income? Well, it might be time to take that leap from a hobby that you do during your free time for fun to monetizing it and turning it into a lucrative money-making business venture. Examples of some hobbies that are profitable are baking, hair making,...
If your business is not growing, there are probably some reasons why it’s this way. “Entrepreneurship” is a long-term process that needs refining and even rebranding along the way. Many people start businesses for the wrong reasons, then find out it’s not a walk in the park. Here are some valid reasons why your business is stuck and not...
Every small business is different and has its own unique challenges when it comes to building a customer relationship. However, there are a variety of tactics for new customer acquisition that can be applied across regions, target markets, and demographics if applied correctly. Below are some tips to help you build good customer relationship. 1. Customer feedback Yesterday’s customer feedback...
Do you know there are numerous side businesses you can start alongside your 9-5? With the current state of the economy, your full-time job may not be able to completely take care of your bills. You may want to start your business but you’re too scared to take the risk of leaving your full-time job. If you’re in that...
Employee theft is a real and common occurrence in every type of business, especially in Nigeria. It is a well-known fact that some employees are not trustworthy. Even the honest ones are tempted. So, how do you safeguard your money and assets from dishonest employees? How do you reduce the temptation and help the honest ones maintain their fidelity? Here are...
Everyone these days wants to be an entrepreneur, become a business owner, sell something, or start an outlet, but not everybody has the skills needed to succeed in business. To succeed in business and make an immense profit, you need more than just a good head for business, and this is the absolute truth. Below are some essential skills you...
One skill any woman can have is fashion designing, as it is always in demand and is a profitable source of income. The fashion design business is perfect if you have a passion for clothes, designing, and sewing. You could start large or small; it all depends on how much you have. Here are some tips to help you as...