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Inem

Knowledge Seeker
Ask Inem
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143 Questions
Home» Inem»Answers
  • About
  1. Asked: September 6, 2023In: Money & Business

    how lucrative is catering service in your location?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 23, 2024 at 12:56 am

    Catering services is highly lucrative in my country. There is a huge demand for them most especially for event caterers. People like celebrations in my country and would always want a caterer to deliver quality meals and organise it's distribution in those events. These caterers are paid as contractRead more

    Catering services is highly lucrative in my country. There is a huge demand for them most especially for event caterers. People like celebrations in my country and would always want a caterer to deliver quality meals and organise it’s distribution in those events. These caterers are paid as contracts. It is very lucrative. But it requires that you have connections.

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  2. Asked: September 4, 2023In: Money & Business

    What are the effective ways to target audience in business?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 23, 2024 at 12:52 am

    To get audience in business, you must first of all know which audience you want to get. That involves a deep study to unearth the people that your business offerings would most likely appeal to.  If you can't define your audience, no matter how much marketing you do, you would keep getting random reRead more

    To get audience in business, you must first of all know which audience you want to get. That involves a deep study to unearth the people that your business offerings would most likely appeal to.  If you can’t define your audience, no matter how much marketing you do, you would keep getting random results. The next thing is to know how to craft your marketing and advertising messages to capture your target audience to hear what you have to say about your products or services.

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  3. Asked: September 4, 2023In: Money & Business

    Does business establishment requires skills?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 23, 2024 at 12:48 am

    Businesses require a diverse array of skills for one to succeed in it. You need to have organizational skills in order to be able to succeed as a business person. You must also have the ability to manage people. Above all, business requires leadership skills, even when it is just you as the workforcRead more

    Businesses require a diverse array of skills for one to succeed in it. You need to have organizational skills in order to be able to succeed as a business person. You must also have the ability to manage people. Above all, business requires leadership skills, even when it is just you as the workforce. You have to lead yourself. You need to be innovative and quick thinking to succeed in business.

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  4. Asked: September 13, 2023In: Money & Business

    In what ways can I encourage teamwork in my business?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 23, 2024 at 12:45 am

    You have to create an atmosphere that would allow for teamwork to thrive in your business place. You start that by being friendly with your staff. You show care to them genuinely. Let them see you as a common focal point of loyalty. With that, they would be able to work as a team. Secondly, you haveRead more

    You have to create an atmosphere that would allow for teamwork to thrive in your business place. You start that by being friendly with your staff. You show care to them genuinely. Let them see you as a common focal point of loyalty. With that, they would be able to work as a team. Secondly, you have to delegate work to the team as a group. Make sure that you don’t create an impression that some people are superstars, even if they are. It has a dangerous effect on teamwork.

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  5. Asked: July 20, 2024In: Money & Business

    How do You Pay Salaries While Earning low?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 10:32 pm

    To be able to pay salaries in your business organisation, one has to have the right staff sizes that is optimal to the financial conditions of the business. You can't have a bloated staff size while the revenue coming in is quite low and you expect to be able to pay the salaries of your staff. You mRead more

    To be able to pay salaries in your business organisation, one has to have the right staff sizes that is optimal to the financial conditions of the business. You can’t have a bloated staff size while the revenue coming in is quite low and you expect to be able to pay the salaries of your staff. You must downsize your staff strength and also cut the cost of production to free up funds to pay staff.

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  6. Asked: July 21, 2024In: Money & Business

    Is A Car Wash Business Profitable to Start?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 10:26 pm

    Car wash business is a highly profitable business for one to get into. Many people don't really have the time to wash their cars by themselves and they patronize car wash businesses. The most important thing for a car wash business is location and it must be situated along a major road. In a day, yoRead more

    Car wash business is a highly profitable business for one to get into. Many people don’t really have the time to wash their cars by themselves and they patronize car wash businesses. The most important thing for a car wash business is location and it must be situated along a major road. In a day, you can wash up to 7 cars and that can give you enough revenue.

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  7. Asked: August 25, 2023In: Money & Business

    What are the things to consider before starting offline tutor

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 10:21 pm

    First of all, you would need to have an area or field that you are a specialist in that you would base your offline tutoring on. You must have at least a bachelor's degree in that field to tutor in it.  From there, you would have to decide if you would start at a high school or a college. And that mRead more

    First of all, you would need to have an area or field that you are a specialist in that you would base your offline tutoring on. You must have at least a bachelor’s degree in that field to tutor in it.  From there, you would have to decide if you would start at a high school or a college. And that means applying for the job. As time goes on, you might decide to start your own tutorials centre.

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  8. Asked: August 27, 2023In: Money & Business

    What are the challenges normally faced by a business?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 10:16 pm

    Business face challenges at different levels based on the kind of business and the size of it. One of the challenges commonly faced by businesses is financial and cash flow management. Another challenge that most businesses face is how to manage the supply chain to have reliable supply of inputs.  ARead more

    Business face challenges at different levels based on the kind of business and the size of it. One of the challenges commonly faced by businesses is financial and cash flow management. Another challenge that most businesses face is how to manage the supply chain to have reliable supply of inputs.  Another major challenge that businesses face is quality control to standardize products quality.

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  9. Asked: July 21, 2024In: Money & Business

    How Does Fixed Deposit Work in Savings?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 10:12 pm

    You would just need to approach your bank that you want to put your funds into fixed deposit account. You have to know that you won't be able to have access to the funds till the duration of the fixed deposit elapses. Interest rates for a fixed deposit can be negotiated based on the amount that youRead more

    You would just need to approach your bank that you want to put your funds into fixed deposit account. You have to know that you won’t be able to have access to the funds till the duration of the fixed deposit elapses. Interest rates for a fixed deposit can be negotiated based on the amount that you want to drop in the fixed deposit. It is usually around 10% interest per annum for marginal amounts but it can rise to 15% if the amount is higher.

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  10. Asked: August 27, 2023In: Money & Business

    How much money can be considered as a good salary?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 6:57 am

    With the current cost of living in my country, a single person that earns less than an equivalent of $700 monthly is struggling financially. When you consider that people typically spend about $10 on food daily. And then, you talk of other sundry necessary expenses. For a married person with kids, tRead more

    With the current cost of living in my country, a single person that earns less than an equivalent of $700 monthly is struggling financially. When you consider that people typically spend about $10 on food daily. And then, you talk of other sundry necessary expenses. For a married person with kids, that person must earn nothing less than $1200 as salary monthly to be sure he is living at a good financial level.

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