In recent times, there has been an increase in the establishment of small businesses all over the country. Whether as sole proprietors, entrepreneurs, or SME’s there is a need for these businesses to be registered. Many owners of small business in Nigeria trivialize the need to register their businesses for various reasons which are; ignorance, […]
For every five businesses springing up, only one cross the five-year survival threshold. This is mostly a case of not leading the business in the right direction. As a business owner seeking to position your SME for growth and sustainability, scaling profits while at it, what’s the missing factor you should leverage upon? Beyond having […]
Have you ever wondered how successful entrepreneurs manage many activities at the same time and still emerge productively? How exactly do these business owners do so much so well? One of the greatest parts of owning your business is that you have lots of freedom. You choose when to work, when to spend time with […]
Branding offers differentiation and helps you to stand out. There are two types of branding – personal branding and business branding. If you are running a business today, odds are no one would do business with you if you don’t have a look, theme or feel. The reason why you can differentiate a Samsung device […]
The mini importation business in Nigeria involves buying and selling of goods. The goods are purchased from other countries and then resold by the business owner for profit. As an SME in Nigeria considering the mini importation business, below are tips on how to go about yours and start making profit. 1. Register your business […]
Long ATM queues and extended lines at the bank with people waiting to withdraw cash is a common sight in many urban areas in Nigeria. If you have been pondering on starting a profitable business in Nigeria, then you might want to consider the POS business. The POS business in Nigeria is a lucrative venture. […]
SMEs in Nigeria are major economic drivers, but many business owners often do not have plans in place for a worst-case scenario. Fire, floods or some other unforeseen problem could arise in the course of doing business. When they do, the protection of a safety insurance net might make the difference between the survival and […]
Growing a business requires more than just having something to sell. Many small business owners, easily swayed by the need to deliver the optimum service to their target audience, believe that all they need for success is to offer excellent products. However, success is a consequence of an intersection of factors, some of which are […]
One of the best ways to measure the progress of your business is to track KPIs. With KPIs, you can always keep your business objectives in view. Tracking KPIs also help you work with a clear focus. The question most SMEs in Nigeria ask is, “What are the KPIs to track for small businesses?” In […]
Many Nigerians today desire to start profitable businesses; however, a lot of people struggle with finding the right startup ideas. Having a small or medium enterprise in Nigeria is not a herculean task; below startup ideas in Nigeria to aid you in having a business of your own: 1. Mini Importation Mini importation is […]
