...A dedicated blog to aspiring entrepreneurs. Here,you will learn how to start small and grow big plus other exciting information as you navigate.....
Tuesday, March 11, 2014
BREAKING NEWS: OBAMA MADE PHONES FROM LONDON IN CALABAR
Monday, March 10, 2014
LISTS OF SMALL BUSINESSES YOU CAN START WITH LITTLE OR NO CAPITAL
LISTS OF SMALL BUSINESSES YOU CAN
START WITH LITTLE OR NO CAPITAL
It is becoming
increasingly difficult to make ends meet with just one income source. Thus more
and more people are investigating the possibilities of starting their own extra
income home business. Most of these part time endeavors are started and
operated from the comfort of their homes.
Before you start: the
first thing you must do however is some basic market research. Find out for
yourself, first-hand, just how many people will be interested in your proposed
products or services, and would be willing to stand in line and pay money for
it.
This is known as defining
your market and identifying your prospective customers. If after checking
around telling people about your ideas, with a whole lot of people over a period
between 1 – 3 weeks, you get the idea that these people would be paying
customers; your next effort should be directly towards the “detailing” of your
business plan.
IF
CRAFTING A BUSINESS PLAN WILL NOT LET YOU KICK-START A BUSINESS, I WILL TRY AS
MUCH AS POSSIBLE TO GIVE A STEP BY STEP GUIDE TO WRITING A BUSINESS PLAN AND
ALSO GIVE YOU SAMPLE OF A BUSINESS PLAN I DEVELOPED.
The more precise and
detailed your plan covering all the basis related to how you will do everything
that you needs to be done- the easier it is going to be for you to attain
success. Such a plan show your start-up investment needs, your advertising
plans, your product costs and procedures, your sales program, and how your time
would be allocated.
Too often enthusiastic
and ambitious entrepreneurs jump in on an extra income project and suddenly
find that the costs are beyond their abilities and the time requirements are
more than they can meet.
It pays to lay it all
out on paper before you get involved, the clearer you can “see” everything
before you start the better your chances for success.
Have you always wanted
to become your own boss and take control of your time, work at home using your
spare room/space, backyard or your one room apartment as an office and residential
but never had a clue of money making ideas to pursue your dream? You do not
have to wait for manners to fall from heaven before you take first step to
financial liberty, just one of these money-making idea can be your blueprint
for success. The list is not exhaustive but I believed you can pick an interest
in one or two of the businesses listed
1.
CONSULTANCY
SERVICES: - This is the foremost of the small businesses one
could ever think of; one can basically consult on almost anything and
everything. Just think of any special skill in your possession and pronto, you
can make a reasonable income from it. E.g. marriage counseling, business
consult, legal consult, property consultancy, educational consults media
consultant, etc. One do not have to possess any capital to start consulting, just
some contacts on your phone, email addresses and referrals from family and
friends, you are good to go.
2.
RESTAURANT:
- No matter how poor people may be, food still remains the number one basic
necessities of life before clothing and shelter. If you can do it right, it’s
one of the surest way to crossing the poverty line. If you are still in doubt,
please visit Equal Right in Somolu, Amala Sonola in ogba Aguda, Ewa-Agonyin
palace in Unilag etc. With a capital between N50K – N100k, you should be making
a residual income from it.
3.
FASHION
AND TAILORING SERVICES: - From time immemorial fashion
business has been dynamic and ever present. From Paris to New-York, Milan to
Lagos, Beijing to Joburg, fashion statements defies national/ethnic boundaries.
Different occasions demand special outfits, one easily take advantage of the
trend in fashion consciousness of the people to earn a decent living.
4.
REAL
ESTATE AGENCY: - By finding properties for
prospective clients, you perform a valuable service for both landlords and
tenants. Advertise that you have listings available for houses, apartments,
flats, rooms, offices, etc. You can either charge a one-time fee for finding
accommodations or work on a commission. In this line of business, capital or
professional qualification is not really required as a start-up, just have the
right information.
5. RENTAL BUSINESS:
This has mushroomed into an attractive new business opportunity. People like to
borrow, do-it-yourself rent professional equipment. Many people are doing well
these days by acting as rental agents for all manner of things - power tools,
trucks, cars, electric generators, etc.
6. LAUNDRY/IRONING SERVICE /CLOTHES
CLEANING: Everyone has dirty clothes for laundry and ironing,
but many of us do not have the time to do it all, this is where you would come
in and make money by doing all the laundry, especially areas where power supply
is erratic. If your backyard is large enough to store all the clothes, sort the
clothes and start making money, then this business could just be for you. With
a capital between N20K – N100K this business could turn you to a millionaire
over a period of time.
7.
HOUSE CLEANING
SERVICE: Many home-owners and apartment dwellers will welcome help at
"house cleaning'. Charge a flat fee for the amount of work that must be
done. Make arrangements with firms that provide workers for washing windows,
cleaning carpets, washing walls, painting, etc. and collect a commission from
them. Tell your friends and family who are moving to a new house or changing
offices, with the help of flyers or handbills you could reach out to a large
audience.
8. MAKE
AND SELL CUSTOMIZED JEWELLERIES AND BEADS: Home-made costume jewellery sells,
sell directly to jewellery outlets, gift shops, hairdressers shops, clothes
boutiques, and by direct mail. It is possible
to start with limited capital of N5K- N20k.
9.
GAME
CENTERS: The game center concept is good both for those who
have jobs and those who want full time involvement. A game centre is a place
where people mostly young come to play computer basic games like play station,
Nintendo, Atari, etc. You will also provide avenues for refreshments like ice
cream, snails drinks etc. Gaming centers charge customers who come to their
centers between N100.00 – N500.00 depending on the area, and the types of
customers you are dealing with. If you start small, you can make between N5k –
N20k per day. There is a classical game center at Mende by Maryland, it is
built with a portal cabin and looks beautiful as well
10.
FISH
FARMING: If you have been contemplating on a small business
and haven’t heard about fish farming, then you are missing something. Over the
years, quite a few people have made fortunes from fish farming; as the population
is swelling and protein needs are far outstripping the available supply, fish
meal is always a winner if done well. Fish farming is a sure bet business if you
put the right structures in place. More and more people like fish due to its
low cholesterol protein, All you need do is to get a space, buy or construct
tanks, buy finger lings for between N10 to N20 and feed them for 4 to 6 months,
then sell from between N1500 to N2000 depending on weight and size. But you
need to have a basic knowledge of fish farming to start this.
Please visit this site as often as possible to get more business ideas as i update them.
Friday, March 7, 2014
Tuesday, March 4, 2014
BIZARRE:YOU NEED TO SEE THIS!
I came across this boy immediately i read about Dangote being the 23rd richest person on earth and the richest man in Africa,at that very moment i stood still and ruminate on the essence of being a Nigerian.How could this boy be walking with such a big LOAD in his arm.I really do not know the medical condition this could be but i believed it could be treated if our Government just care a little about us but do they really care about anybody other than their immediate families and cronies at the helms of affairs?What you are seeing in this picture is the boy right Hand,i spoke to him but said he doesn't understand English and that he is from Sokoto state in the Northern part of the country,what a hell of a country Nigeria!.jpg)
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In a country where the Richest man in Africa resides,a country where billions of dollars has suddenly been growing wings day and night,my country Nigeria where all animals are equal but some are more equal than others,a country where corruption is an institution where our political leaders get their degrees in impunity,a country where the average Nigerian is only surviving but not living.
Three things in human life are important. The first is to be kind. The second is to be kind. And the third is to be kind. ~Henry James
Monday, March 3, 2014
Friday, February 28, 2014
RIVERS STATE COMMISSIONER OF POLICE PARADES VALENTINE ARMED ROBBERS AND KIDNAPPERS
RIVERS CP
PARADES 11 VALENTINE ARMED ROBBERS AND TWO
KIDNAPPERS
Suspects: 1. Blaid Usemekhia
Herbert
2.
Achebule
Amadi
3.
Lawal
Ibrahim (Group Leader) was realised on bail in November, 2013.
4.
Godwin
Peters
5.
Udo
Godswill
6.
Victor
Monday
7.
Precious
Agiobu
8.
Chinazo
Ihesinaula
The
Rivers State Commissioner of Police,
Tunde Ogusakin, yesterday,
paraded 11 armed robbers and two kidnappers arrested in Port Harcourt, the
state capital, in different operations.
Ogusakin told journalists at the state command, along Moscow Road, that a gang of armed robbers opened fire on a police patrol team, at 1.45pm, on Friday, February 14, at Ogunabali Area, by St. Patrick Hospital.
paraded 11 armed robbers and two kidnappers arrested in Port Harcourt, the
state capital, in different operations.
Ogusakin told journalists at the state command, along Moscow Road, that a gang of armed robbers opened fire on a police patrol team, at 1.45pm, on Friday, February 14, at Ogunabali Area, by St. Patrick Hospital.
Compol Tunde
Ogunsakin in his speech said a special team parading
on Valentines day saw a bandit of robbers in shooting; this prompted the police
to immediately engage them in an exchange
of gun fire that lasted for 33minutes. The gang was, however, overwhelmed by
the superior fire power of our men who
displayed their resilience in the course of the gun exchange.
The gang which was overpowered by the police later ran from the scene leaving behind a grey-coloured Toyota Highlander Jeep, with registration number LSR 825 AP. One Chinoso Ihesinor was arrested while the sum of One Million Naira (N1, 000,000) was recovered from him.
In a separate move, another gang of robbers that was led by one Lawal Ibrahim, a notorious robber who was fingered in a robbery incidence along Shell Quarters in September, 2013 who was on bail by a court of law was also arrested along Umokoro, Rivers State.
The gang which was overpowered by the police later ran from the scene leaving behind a grey-coloured Toyota Highlander Jeep, with registration number LSR 825 AP. One Chinoso Ihesinor was arrested while the sum of One Million Naira (N1, 000,000) was recovered from him.
In a separate move, another gang of robbers that was led by one Lawal Ibrahim, a notorious robber who was fingered in a robbery incidence along Shell Quarters in September, 2013 who was on bail by a court of law was also arrested along Umokoro, Rivers State.
Ogunsakin
also disclosed that on Monday, February 17, the operatives of the
command acting on a piece of intelligence, arrested a suspected kidnapper, David Francis, at Fidelity Bank, along
Trans Amadi Road, while trying to
withdraw a ransom meant to augment the ransom fee for the release of a victim that was recently kidnapped at
Akwa Ibom State.
Francis later led the operatives from the Rivers State Police Command, to the hide-out of his accomplice, Edwin Ekpeyoung, who was arrested after some resistance by armed men from the Special Anti-Robbery Squad, SARS.
The Commissioner of Police emphasized that he will continue to make intelligence-led policing the cardinal point of police operation in Rivers State, adding that "I intend to continue with an aggressive onslaught in the state against criminals until the crime situation is brought to near zero level. The Commissioner of Police advice the criminal to desist or face the wrath of the law.
Francis later led the operatives from the Rivers State Police Command, to the hide-out of his accomplice, Edwin Ekpeyoung, who was arrested after some resistance by armed men from the Special Anti-Robbery Squad, SARS.
The Commissioner of Police emphasized that he will continue to make intelligence-led policing the cardinal point of police operation in Rivers State, adding that "I intend to continue with an aggressive onslaught in the state against criminals until the crime situation is brought to near zero level. The Commissioner of Police advice the criminal to desist or face the wrath of the law.
NIGERIA IN A STATE OF EMERGENCIES: THE AGONY OF BEING A NIGERIAN CITIZEN
NIGERIA IN A STATE OF EMERGENCIES:
THE AGONY OF BEING A NIGERIAN CITIZEN
My heart
bled not for lack of want but with the news of BOKO-HARAM massacre on the
innocent students at the Federal Govt College Yobe. From January to February
2014, over 400 people had been massacred and murdered either in broad daylight
or in their sleep by the dreaded and outlawed Boko-Haram. The sycophants at the
helms of affairs of our security apparatus as always been full of rhetoric and
statements not worthy of leaders.The irony of these situations is that it sends
wrong signals to the international community of investors to which large budget had been dissipated in the
name of image rebranding projects. In safety of lives and property as enshrined
in the constitution of the federal republic of Nigeria as well as International
Human Right charter is no more a guarantee for the citizen. That you have not
been struck by Boko-Haram is through
divine grace.
Not being
immodest in my thought, I tried to ruminate on the many headlines about the
Boko-haram activities that punctured my heart; I can’t but express my sympathy
for the hapless people of the north who but have to take thine own destiny in
their hands. I doubt if any of these headlines touches the heart of our leaders’
nay our so called administrators. Headlines such as these:
ü Boko Haram kills 32 in attack on three towns
ü BOKO HARAM A MENACE CONSUMING THIS NATION!**
Boko Haram Kills 160 People In Fresh Attack In Adamawa
Boko Haram Kills 160 People In Fresh Attack In Adamawa
ü 29
die in school dormitory shooting by Boko Haram
ü
Nigeria
Seeks Help From France, Cameroon To Fight Boko Haram
The
never-ending questions I have got for Mr. President in the person of Goodluck
Ebele Jonathan who I assume is the Commander in chief of the Armed Forces of
the Federal Republic of Nigeria are:
1. Is Goodluck Ebele Jonathan still the
Commander in Chief of the Fed Republic of Nigeria? If yes, why are we subjected
to mind torture, pains and anguish of the Boko haram pogrom.
2. Is GEJ still the President of
Nigeria? If yes, why do we have the highest level of impunity under its watch
and instead we chase shadows in the name of fighting corruption.
3. Does the blood of innocent students
and the downtrodden poor civilian populace of the north-east spilled by the
book-haram a clear indication of “I DON’T GIVE A DAMN” attitude of Mr.
President?
4. For how long are we going to be fed
with the terrible news of the wanton destruction of lives and properties while
our government looked away and continues in mediocrity?
5. Why is there so much fuss and
jamboree preparation about the centenary celebration when the average citizens
groan under poverty and insecurity?
6. What happens to the elephant budget
spent on procuring a satellite, can the satellite not serve the purpose of
monitoring the radar coverage of the geographical entity called Nigeria?
7. Who was responsible for the withdrawal of
troops at the Federal Govt College Yobe before the pogrom?
8. Will GEJ ever get the kind of
electoral support garnered during the 2011 general election,considering the
faces of corruption in the presidents’ kitchen cabinet.
9. Are some people benefitting from the
uprising in the north, if not why has the violence not been curtailed?
10. Why
is the STATE OF EMERGENCY not declared in the Power, Oil, Education and other
critical sector of the economy?
11. I
believed the Presidents’ PHd should be subject to review, how would my
President not able to make a public or national address without recourse to
reading from the screen or prepared documents by Abati and other media cohorts,
his national broadcast doesn’t move me a bit, he needs to go for a course on
moving mountain with the power of public speaking.
I will have to wait and see if i could get answers to some of these questions from someone……Lekan
Labels:
boko-haram,
jonathan,
Nigeria,
state of emergency,
violence
Thursday, February 27, 2014
HOW TO OVERCOME THE FEAR OF STARTING A BUSINESS OF YOUR OWN
DREAM BIG
You must first of all dream and imagine WHAT you want to be? Dreaming in
this context does not requires you to lay your beddings and bury yourself under
the duvet snoring, dreams here refers to visualization and conceptions born out
of the desires to achieve an objective. Secondly, WHERE do you want to be?
Where you wish to find yourself within a particular time frame is pivotal to
setting your agenda. HOW you wish your life would be? WHEN do you want to make
your DREAM a reality, do you have any time frame?
COME UP WITH AN IDEA.
You will need an idea for a business before you do anything else. This should be something you are passionate about, since your new business will consume a great deal of your time and money. Come up with business ideas by identifying things people need which no one else currently provides or things that are trending as a matter of change in taste, fashion, policies of government, or things that isn’t provided in your area, or which you can provide better than anyone else.
CONSIDER IF IT IS PLAUSIBLE.
Before going too far, think about how plausible your idea is. Is it
something that people would actually pay for? Will it turn enough of a profit
to be viable? You will also need to be sure that it is possible to implement.
BE SURE IT’S UNIQUE.
Whatever your idea is, be sure it’s as unique as possible. This will
help you eliminate or significantly combat competition, which will make your
business more successful. By simply adding a flavor to currently existing
product can do the magic.
DETERMINE YOUR COST OF OPERATION.
You will need a solid business plan to present to any investors and the best place to start would be with determining your basic cost of operations. This will outline and help you determine how much money is needed to produce the product or offer the service you intend to offer or produce. Knowing your cost of operations will be vital to determining if your business will be profitable, since you will need to make more than this capital plus operating expenses in order to remain in business.
DETERMINE YOUR POTENTIAL MARKET.
Be realistic. How many people will realistically use your business?
How much will they pay to use your services? If either number is too small in
comparison to how much it will cost you to stay in business, then you should
reconsider or change your plans.
DETERMINE OBSTACLES.
You will need to plan ahead for all of
the problems which can get in the way of running a business, evaluate
your competition, if their market share or product offering is too strong and
stable, and then you will have a very hard time breaking into the market. No
one will want to buy an equally priced or more expensive version of a perfectly
good product or service which already exists. You will also need to explore the
associated regulations and laws, especially regarding taxes. Make sure there are no prohibitive costs, such
as equipment which is too expensive to make the business profitable.
WRITE UP A BUDGET.
Once you have a general idea of how much money you have to work with, write
up a budget for marketing which indicates how much money you have available to
spend on advertising. If your business wouldn’t warrant your customers to see
you physically before they get the product or services, then you can explore
the power of e-commerce, online marketing, referral marketing and the likes as
they presently offers the cheapest cost of advertising.
CREATE IDEAS FITTING YOUR BUDGET.
Once you know how much money you have, research the costs of
different types of marketing and come up with ideas which fit those methods and
are effective for the price range. If you have a lot of money to spend on
marketing, for example, you can consider shooting a commercial. If you have
almost none, you’ll want to think about ways to use social media effectively,
which is very effective for requiring little money.
PLAN TIMING AND LOCATION OF MARKETING.
Once you know what kind of marketing you intend to do, think about the most effective places to advertise and what time of day, month or year are going to work best to reach your target market. You will want to be sure that you are using marketing which is appropriate to the type of people you expect to be interested in your product or services. So consider usability and physical location as well. If your services are seasonal you will want to consider what the best time of year would be to advertise. Also, television advertisements will need to be timed so that the right demographics will be watching when they air.
TALK TO A BANK OR ANY OTHER SMALL BUSINESS
FUNDING INSTITUTIONS.
Talk with a bank with which you already have a positive relationship. Ask
about what kind of business start-up loans they offer and how they can benefit
your business. By using a bank you already know, the bank will have easy access
to your financial records and will be more confident in investing with you.
DETERMINE WHERE YOUR OFFICE WILL BE SITUATED.
You will need a space from which to run your business. This can be a home
office if you require little space and will not have employees, or it can
require an entire workshop or warehouse. It depends on what you will be doing
and how big you intend your business to be. Some people’s car actually serves
the purpose of office, mobility and pleasure. Nowadays, there are VIRTUAL
offices scattered all over the place, you will only need to pay-as-you use or
pay for number of calls/correspondence and business meetings you held therein,
An example is a firm that provide virtual office is WORKPLACE PLUS LTD located
at NNPC Mulliner Tower Ikoyi Lagos,Nigeria.
PURCHASE EQUIPMENT.
Purchase all of the things you need to
start work. This can mean mechanical equipment, computers, telephone, or craft
supplies. It all depends on what you are doing. Try to purchase from firms that
will offer discounts for starters
MAKE USE OF MARKETING AND PR.
You will want to reach out to potential customers in ways that make them want to use your business. This is especially important when you are first starting, before you have an established, regular customer base. Advertise in a way that catches customers attention at a minimum and hopefully goes beyond to capture their imagination. Be creative and appeal to the right
Wednesday, February 26, 2014
HOW TO OVERCOME THE FEAR OF STARTING A BUSINESS OF YOUR OWN
HOW TO OVERCOME THE FEAR OF STARTING A BUSINESS OF YOUR OWN
DREAM BIG
You must first of all dream and imagine WHAT you want to be? Dreaming in this context does not requires you to lay your beddings and bury yourself under the duvet snoring, dreams here refers to visualization and conceptions born out of the desires to achieve an objective. Secondly, WHERE do you want to be? Where you wish to find yourself within a particular time frame is pivotal to setting your agenda. HOW you wish your life would be? WHEN do you want to make your DREAM a reality, do you have any time frame?
Come up with an idea.
You will need an idea for a business before you do anything else. This should be something you are passionate about, since your new business will consume a great deal of your time and money. Come up with business ideas by identifying things people need which no one else currently provides or things that are trending as a matter of change in taste, fashion, policies of government, or things that isn’t provided in your area, or which you can provide better than anyone else.
Consider if it is plausible.
Before going too far, think about how plausible your idea is. Is it something that people would actually pay for? Will it turn enough of a profit to be viable? You will also need to be sure that it is possible to implement.
Be sure it’s unique.
Whatever your idea is, be sure it’s as unique as possible. This will help you eliminate or significantly combat competition, which will make your business more successful. By simply adding a flavor to currently existing product can do the magic.
Determine your cost of operation.
You will need a solid business plan to present to any investors and the best place to start would be with determining your basic cost of operations. This will outline and help you determine how much money is needed to produce the product or offer the service you intend to offer or produce. Knowing your cost of operations will be vital to determining if your business will be profitable, since you will need to make more than this capital plus operating expenses in order to remain in business.
Determine your potential market.
Be realistic. How many people will realistically use your business? How much will they pay to use your services? If either number is too small in comparison to how much it will cost you to stay in business, then you should reconsider or change your plans.
Determine Obstacles.
You will need to plan ahead for all of the problems which can get in the way of running a business, evaluate your competition, if their market share or product offering is too strong and stable, and then you will have a very hard time breaking into the market. No one will want to buy an equally priced or more expensive version of a perfectly good product or service which already exists. You will also need to explore the associated regulations and laws, especially regarding taxes. Make sure there are no prohibitive costs, such as equipment which is too expensive to make the business profitable.
Write up a budget.
Once you have a general idea of how much money you have to work with, write up a budget for marketing which indicates how much money you have available to spend on advertising. If your business wouldn’t warrant your customers to see you physically before they get the product or services, then you can explore the power of e-commerce, online marketing, referral marketing and the likes as they presently offers the cheapest cost of advertising.
Create ideas fitting your budget.
Once you know how much money you have, research the costs of different types of marketing and come up with ideas which fit those methods and are effective for the price range. If you have a lot of money to spend on marketing, for example, you can consider shooting a commercial. If you have almost none, you’ll want to think about ways to use social media effectively, which is very effective for requiring little money.
Plan timing and location of marketing.
Once you know what kind of marketing you intend to do, think about the most effective places to advertise and what time of day, month or year are going to work best to reach your target market. You will want to be sure that you are using marketing which is appropriate to the type of people you expect to be interested in your product or services. So consider usability and physical location as well. If your services are seasonal you will want to consider what the best time of year would be to advertise. Also, television advertisements will need to be timed so that the right demographics will be watching when they air.
Talk with your bank.
Talk with a bank with which you already have a positive relationship. Ask about what kind of business start-up loans they offer and how they can benefit your business. By using a bank you already know, the bank will have easy access to your financial records and will be more confident in investing with you.
Determine where your office will be situated.
You will need a space from which to run your business. This can be a home office if you require little space and will not have employees, or it can require an entire workshop or warehouse. It depends on what you will be doing and how big you intend your business to be. Some people’s car actually serves the purpose of office, mobility and pleasure. Nowadays, there are VIRTUAL offices scattered all over the place, you will only need to pay-as-you use or pay for number of calls/correspondence and business meetings you held therein, An example is a firm that provide virtual office is WORKPLACE PLUS LTD located at NNPC Mulliner Tower Ikoyi Lagos,Nigeria.
Purchase equipment.
Purchase all of the things you need to start work. This can mean mechanical equipment, computers, telephone, or craft supplies. It all depends on what you are doing. Try to purchase from firms that will offer discounts for starters
Make use of marketing and PR.
You will want to reach out to potential customers in ways that make them want to use your business. This is especially important when you are first starting, before you have an established, regular customer base. Advertise in a way that catches customers attention at a minimum and hopefully goes beyond to capture their imagination. Be creative and appeal to the right aspects of the customers you want to use your business. Offer free samples of what you do to the right people, in order to get people saying good things about what you have to offer. Word of mouth (i.e. good PR) is the best way to attract new customers. If you get bad reviews or negative feedback, respond positively and fix the problem. People will be much less judgmental about mistakes if you’re willing to fix them. If you are activating a new product, make provision for samples to be tested on the spot as that will raise prospective customers’ awareness.
Use a little old fashioned networking.
Go to conferences, charity galas, meetings with complementary businesses and anywhere where your customers are likely to be highly concentrated. In other words, get out in public and interact with people. Use your friends’ connections to meet people who may be able to help you. This kind of interaction is very important for starting a business.
Have great customer service skills.
Be good at interacting with people. Practice reading between the lines about what people say. Learn how to meet needs they didn’t know they had. Figure out how to make people happy. Be charming. Most importantly, be humble. The customer may not always be right but you need to be able to let them think they are KINGS AND QUEENS. Once you are able to add them to your list of clientele, they will be loyal to you.
Have a website or a Blog.
The world has moved online. Any business that wants to survive the next ten years is going to have a website or blog. People will use it to contact you, find your location, learn your operating hours, ask you questions, make suggestions, and maybe even buy your products or services. In having a website and services which are available over the internet, you will be able to expand your service area out across your region or even the world. I have got one or two created by myself and it’s easy to play with. Check it out www.hollalaycan.com; www.hollalaycan.wordpress; www.hollalaycan.blogger.com.
Request for Payment as at when Due.
Don’t let people take advantage of you. Require payment within a specific window of time (whatever is appropriate for what you do). Invoice people as soon as you possibly can. If someone is late in a payment, talk to them. If you ignore these problems hoping that they go away, you will find yourself working for free and your business might not stay long in the market. I know you did not set up a charity organization. Ask some moribund micro-finance banks in Nigeria reason why they can’t come back to life; it is as a result of bad debt/mismanagement.
Take credit cards but be vigilant.
Very few people consistently pay for products or services with cash any more. Sanusi before his suspension ensures the cashless policy was established inspite the initial gra! gra! by Nigerians. It will be much easier for your business, as well as records keeping and accounting if you accept credit and debit cards. Most banks will easily tricked you into accepting their POS as a means of payment but, be weary of the hidden charges and downtime factors.
.
OTHER USEFUL HINTS TO CONSIDER BEFORE ACTIVATING YOUR BUSINESS
Ask people you know that run a home based business. They could help you get started.
Make sure your business looks professional and is attractive to the eye. Have a professional logo, branding that is consistent and a professional website to support it.
Recognize that getting your business off the ground will take time. Most businesses don't become profitable right away, so plan for that in your personal life too. You will be making sacrifices to be your own boss.
When hiring, make sure you have an in depth review and interview of the worker. Make sure you get their real information, passports, id, former work, background checks and many others that they are truly honest and they are dependable.
Make sure your product / service is appealing for the public, area and community not just in your perspective if not how can you makes it more appealing?
Use free resources. Google is your friend and not the Nigerian Police, Google has numerous useful references regarding writing business plans, marketing, as well as information specific to your industry. YOUWIN, BANK OF INDUSTRY, FIRRO OSHODI LAGOS,CHAMBER OF COMMERCE AND INDUSTRIES, CAC,Small Business website, associations for your industry,..all of these offer training, materials, networking and sometimes financing. Another good option is to attend exhibitions and seminars who provide business start-up advice.
Make paying convenient and affordable, promote product with buy one get one free offers or sale prices.
Business requires your resources which you have to give passionately and wholeheartedly.....Avoid procrastination; most wonderful ideas die as a result of this. Once you have your mind set on something, go for it, make research and talk to professionals in that field about it even if it takes time for you to schedule appointment.
Be sure to carve out time for yourself. Make sure you stick with an exercise program build in time to care for your family through vacations. holidaying, sightseeing, spending quality time at home ,else when the business grows the home front may crumble.
Last but not the least, I don’t know if I should truly tell you all these folktales about overcoming the fear of starting a business when you have promised yourself to retire as a civil servant or paid employer. Per adventure you fell into any of the two categories mentioned please pass it on to those who might want to quit the 9 – 5 job as quickly as possible….’Lekan Olanite
References..wikihow
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Tuesday, February 25, 2014
Monday, February 24, 2014
THE SACRIFICIAL LAMB CALLED SANUSI LAMIDO SANUSI, THE 37TH GOVERNOR OF THE FEDERAL REPUBLIC OF NIGERIA.
THE
SACRIFICIAL LAMB CALLED SANUSI LAMIDO SANUSI, THE 37TH GOVERNOR OF
THE FEDERAL REPUBLIC OF NIGERIA.
I read
without an iota of surprise the suspension of the vociferous Central Bank
Governor in the person of Sanusi Lamido Sanusi, who happens to be the second
most popular personality after Goodluck Ebele Jonathan, the President of this
contraption called Nigeria. From the findings I conducted independently and
based on the various search engines scattered all over the media streams, it
seems SANUSI LAMIDO SANUSI has been made more popular as a result of his
confrontational approach to issues bordering Nigeria’s economy. As a CBN
Governor, Sanusi’s position was more of a political benevolence than purely on
merit, prior to Sanusi’s appointment as the Head of the helms of affairs at the
CBN, there are have been various allegations and counter allegations as to the
suitability of the Kano born prince to steer the wheel of leadership at the
CBN. Meanwhile, being the 37th Governor of the federal Republic Of
Nigeria, Sanusi erred by forgetting so soon and easily that his mandate was
never derived from the electorate who would have raised voices, mace, bows and
arrows in his defense in unwarranted situations like this, apologies to the
members of the Rivers state House of Assembly who threw every caution to the
wind to ensure Gov Amaechi’s interest was adequately protected in the political
logjam in the state.
Consequent
upon his removal, the presidency, through a press release statement by the
senior special assistant on media, Reuben Abati, alleged that the CBN
Governor’s tenure has been characterized by various acts of financial
recklessness and misconduct which are inconsistent with the administration’s of
a Central bank. He was also alleged to have breached enabling laws, violate due
process and mandate of the CBN. Perhaps, these and many more seems to be
sanusi’s many sins against the Government that gave him the platform to exhibit
the audacious banking prowess he has garnered over the course of his career.
However, his
reigns as CBN Governor suddenly came to an end in unceremonious manner as
witnessed in other sector of the Nigerian social-political clime. My argument
is not whether Sanusi deserved to be quarantined for boldly criticizing the
government of the day, but to critically examine the various infractions as
postulated in the reports and memo sent to the President as well as the
National Assembly for scientific analysis. If the report is anything to go by,
there and then, many people in the Jonathan’s cabinet deserved to be marooned
from this conglomeration called Nigeria because once the head is rotten the
body becomes useless. It is high time we masses stand up for the truth instead
of being parochial and allow our ethnic, religious, political affiliations and
personal interest to becloud our judgments in matters which fundamentally
threaten our raison d’être.
Conclusively,
Sanusi should as a matter of fact pick his bits and pieces together and chose
where he belong now to either save the masses and get heroic welcome by laying
down the whole cards on the table for us to determine if Jonathan and his co
travelers at ASO ROCK deserve another term. In every evolutional change of
ideals, a sacrificial lamb must definitely be offered to appease the change agents,
therefore we accept that Sanusi be the sacrificial lamb but we say NO to
IMPUNITY by the power that be…………….Lekan Olanite
Wednesday, February 19, 2014
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