In the first part of this topic “How to write a business plan”, we discussed the tips you have to consider before setting out to write your business plan. We will be taking the discussion further by looking at what a professional business plan should look like. A business plan emphasises…
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Going through the process of writing a well-thought-out business plan for your small business when starting up is one of the most important things that you can do. Unfortunately, many small business owners find this process to be difficult and confusing. Writing a business plan essential for the success of…
2 Min Read
Technology is changing the way we live, learn, work, socialise and even how we pay for items, which makes accepting online payments a necessity for many small businesses to remain competitive and increase sales. Not only does it make life easier and more convenient for your customers, it also means…
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The Millennials are the generation of today. Even if they aren’t your target audience now, they soon will be. As a business owner, If you are not factoring your message to include them, you may be losing out a big chunk of your revenue. The millennial generation was the first…
4 Min Read
Almost everyone starting a new business venture is looking for money to get started. In Nigeria, one of the easiest and cheapest ways to get funds for your business is by applying for small business grants. But unfortunately, there aren’t actually that many Nigerian federal or provincial government grants available for…
2 Min Read
Being productive is not about you just getting things done but using the right tools in ensuring things get done as fast as possible. The small business marketplace is full of web-based productivity tools that promise great things. A decent app should at the very least streamline workflow, automate tasks…
2 Min Read
For many small businesses, a double or triple digit revenue increase within a few weeks is likely the result of either a new product launch or a big endorsement from a popular figure. Revenue increase is the single most important activity in which a small business should engage in. Increased…
4 Min Read
We live in an e-commerce era (not just in Nigeria but globally), and small business owners need to consider having an online presence that enables them to sell and showcase their products to a much broader audience. Even though a majority of you may want to start by launching your…
3 Min Read
While proper invoice handling practices may not be the most interesting topic ever addressed, it is certainly one of the most important. Proper invoice processing is key to creating a plumper bottom-line for those who get it right from the start. Invoicing is a fundamental component of every business. It…
3 Min Read
Creative thinking is a powerful business mind tool that should never be overlooked, the mastery of the skill helps entrepreneurs to identify and exploit new opportunities ahead of their competitors, likewise in problem-solving and also it helps improve personal day-to-day overall productivity. Creative thinking is synonymous to thinking outside the…
3 Min Read
Every business, big or small, is always concerned about one thing – managing money. Proper financial management is crucial to the survival of every business venture. It takes more than just a good idea to run a business. Every business needs a financial structure that generates a profit to stay…
1 Min Read
This article has got facts based on a survey conducted by a Lagos-based digital marketing agency on 2000 Nigerian entrepreneurs on last month, June 2017 in the different parts of the metropolitan city, Lagos. There are high failure rates among small businesses. Many don’t even last 2 years – and…