https://www.facebook.com/taiwo.osofero/videos/10207416395946418/
Read More »
Thursday, June 2, 2016
SEASON OF JOB LOSS: HOW TO SURVIVE THE TSUNAMI
The gale of
job losses being witnessed in the country due to the current economic hardship
has caught up with Ecobank Nigeria, which has sacked over 1,040 of its
employees.
The PUNCH
reported on Tuesday that Diamond Bank Plc sacked over 200 members of its
workforce, while FBN Holdings, the parent company of First Bank of Nigeria
Limited, recently said it would prune the number of its employees by 1,000.
Top
officials of the pan-African lender confirmed to our correspondents that the
initial list of those to be sacked had over 1,400, workers but was later reduced
to “a little above 1,000.”
Start your own business while still on paid job here...http://hollalaycan.blogspot.com.ng/2015/11/how-to-start-your-own-business-even.html
Ecobank
spokespersons declined to comment on the number of workers who were disengaged.
However, the
lender said in a statement that it had converted over 200 outsourced personnel
to permanent employees as part of its drive to attract and reward talent, while
also repositioning for improved efficiency.
In line with
the recognition of excellence, the bank also said it had recently implemented a
merit-based pay increase for the top performers across all cadres.
The Managing
Director, Ecobank, Mr. Charles Kie, was quoted as saying that converting
qualified outsourced staff to permanent workers was in line with the bank’s
commitment to developing and growing talent by nurturing its people along their
career paths and giving them access to higher responsibilities.
He said the
bank was resolute that recognizing and rewarding excellence would drive its
goal of achieving exceptional performance in the industry.
Kie said,
“The bank, in its renewed drive for optimal performance, has in addition
realigned certain roles bank wide to ensure improved efficiency. This
necessitates the exits of some staff that were adequately compensated.
“This is in
furtherance of a market repositioning exercise designed to strengthen the
bank’s business across all markets where it operates.”
He
emphasised that the ETI was on a trajectory to achieve leadership and that the
Nigerian subsidiary remained one of Ecobank Transnational Incorporated’s major
Tuesday, May 31, 2016
7 MOST IMPORTANT GUIDELINES FOR FIRST TIME ENTREPRENEURS: PRACTICAL STRATEGIES FOR STARTING CORRECTLY
The current economic reality is a Tonic to being
a good entrepreneur because technology has created a global business platform
as well as propelled a great entrepreneurial trend. As a business owner, you
now convey more access to info that enables you to definitely make smart decisions
more quickly. You might have an advantage over the established companies
because you are lighter, way more versatile, and quicker in your preferences.
You can focus on new marketplaces more quickly, and you may turn on out of
pocket.
By looking
at the main issues and complying with plans from starting to the end is a
condition to being a successful entrepreneur. Here are some useful guidelines
that will help you as a beginner in the business world:
1. AVOID JUMPING THE SHIP: Don’t stop your salary work abruptly, Consider
beginning your business part-time, especially if it can be transacted online
while you’re operating and have a stable income. This usually takes 6 months to
12 months to get a company going and you do not want your own ability to pay
your house rent rest upon your new business being an instant success. Begin
with what you can manage, monetarily and time-wise, and range up as your
company grows.
2. DISCOVER AND IDENTIFY YOUR AREA OF
SPECIALIZATION: It is better to identify a particular niche market where you
have a competitive edge in terms of skill, expertise and knowledge, most especially
if the business will start online; people are always looking for companies that
focus on their needs or problems. You have to look for a need or something a
particular group of people would like, but cannot get from what your bigger
firms offers and fill this need. Since you cannot compete with the top guys, it
therefore, means you have to discover where the established companies are not
and go into such market. A friend of mine Adebiyi OLanrewaju who owns Fadeex
Express and Logistics started his courier and logistic business 3years ago by
identifying areas where top firms such as FEDEX, DHL, UPS, EMS SPEEDPOST, EPS,
ERRANDEX, etc fails to ply their trade, his company is already growing in leaps
and bounds
3. BEGIN SMALL TO GROW LARGE: It is
always better to start a new entrepreneurship project in a small way and learn
the ropes, watch the trends and build on the experience you have gathered in
order to make your business a successful enterprise. The stories of Dangote,
Eleganza, Facebook, Microsoft, Apples, etc are just few of the many big brand
names that have become a phenomenon in the business world today. Instead of
building castles in the sky with your tall dreams, it is better to start small
and grow big.
4. BUILD AN ONLINE BRAND WITH FOR EASY ACCESS:
Even if you are not going to start an online retail enterprise, consider that
this internet can play a very important marketing role for your company.
Getting an online presence removes the limitations associated with physical
area and broadens your consumer bottom by millions. It is also a useful thingy
for marketing yourself and also letting individuals, even in your own personal
area, realize that you’re generally there.
5. BUILD TRUST AND BE CONSISTENT: For
new entrepreneurs to succeed in the volatile business environment of the 21st
century dominated by the market leaders, you need to build a long lasting trust
of your brand in the hearts of your target audiences. And trust alone will not
achieve the overall objective but one also needs to be consistent in your
dealings with new and existing clients. Once your business is built on utmost
good faith accompanied with consistency, the sky is the starting point to
greatness.
6. DO NOT QUIT. Effective
entrepreneurship needs creativity, power, and the zeal to keep moving when you
fall short of your initial plan. “Arm
yourself along with optimism to obtain beyond the actual ‘No’ as well as
trouble. There is nothing
Sunday, May 29, 2016
HOW TO SECURE LOAN CAPITAL FROM N220BN CBN INTERVENTION FUNDS
He said “So, today, I am happy to formally launch,
by far the most ambitious social protection programme in our history. A
programme that both seeks to start the process of lifting many from poverty,
while at the same time creating the opportunity for people to fend for
themselves. In this regard, Five Hundred Billion Naira has been appropriated in
the 2016 budget for social intervention programmes in five key areas. We are
committed to providing job creation opportunities for five hundred thousand
teachers and one hundred thousand artisans across the nation”
The CBN has
a provision for N220b Micro and Small Medium Enterprises Fund
60% of the
fund is earmarked for women owned businesses at 9% interest rate.
Most women
are not aware of this and have not even applied for it.
All of us
should check it up on Google, especially ladies. Further note that it is an intervention
fund, so you don’t pay market interest rates for the loan.
Finally the
Central Bank of Nigeria has published the procedure for accessing the fund.
See list of HOT
PROFITABLE 40 SMALL BUSINESSES YOU CAN START WITH LITTLE OR NO CAPITAL IN 2016
here… http://hollalaycan.blogspot.com.ng/2014/12/details-of-40-small-businesses-you-can.html
Is your
business in any of the following areas?
Ø Agriculture
Ø Manufacturing
Ø Cottage Industries
Ø Artisanship
Ø Services
Ø Trade and general Commerce
Ø Renewable energy/energy efficient
products and technologies
Ø Other income generating projects as
may be prescribed by the CBN
If “Yes”
then congratulations!
With a
detailed business plan or statement on how much you want for your business, you
can get loan of up to:
(a)
N500,000.00 for your micro-business; and
(b.) N50
million for Small & Medium Enterprise (SME)
See sample
of a Nylon Business Plan here… http://hollalaycan.blogspot.com.ng/2014/04/a-business-plan-for-set-up-of-nylon-and.html
Go to your
bank or any of the following institutions to access the Fund:
ü Microfinance Banks
ü Commercial Banks
ü Cooperatives
ü Finance Companies
ü NGO-Microfinance Institutions
ü Development Finance Institutions,
i.e. Bank of Industry and Bank of Agriculture
Tell your
bank how much you need and your bank will discuss your request and provide you
the money.
The max
interest rate of 9.0%/p.a (charges inclusive) is applicable
Repayment
Period:
a) For micro
business, it is a maximum of 1 year
(b.) For
small and medium enterprises, it is a max of 3 years
NOTE: 60% of
the Fund is reserved for enterprises owned by women; 2% for persons living with
disability and 10% for start-up businesses.
ü If you don't have collateral try out
some financial institutions that you can deposit 20% of the loan to be borrowed
as equity to access fund?
ü The loan is also easier to get
through a recognized national associations like cooperative
Subscribe to:
Posts (Atom)