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Inem

Knowledge Seeker
Ask Inem
179 Visits
4 Followers
143 Questions
Home» Inem»Answers
  • About
  1. Asked: September 7, 2023In: Money & Business

    How do you control urges to spend on unnecessary things

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 6:51 am

    It starts with you setting a financial goal and being committed to it. When you do that, it would be able to curtail the urge to spend impulsively. When you remember that you have a financial goal to meet, you would hold yourself back from unnecessary expenses. The majority of people that just spendRead more

    It starts with you setting a financial goal and being committed to it. When you do that, it would be able to curtail the urge to spend impulsively. When you remember that you have a financial goal to meet, you would hold yourself back from unnecessary expenses. The majority of people that just spend on anything are people that don’t have financial goals because a financial goal gives you consciousness as you do your expenses.

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  2. Asked: September 20, 2023In: Blogging, Websites & Online Skills

    How To Start a Cold Room Business?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 6:47 am

    Starting a cold room as a business is something that has to be done very strategically. It is capital intensive. Some of the things that you need to consider is how you would generate power to run the cold room. One has to bear in mind that cold rooms need almost a 24 hour constant power supply. ThaRead more

    Starting a cold room as a business is something that has to be done very strategically. It is capital intensive. Some of the things that you need to consider is how you would generate power to run the cold room. One has to bear in mind that cold rooms need almost a 24 hour constant power supply. That must be factored into the planning.

    Another important consideration is locate. It is always preferable to locate a cold room close to an open market. It would easily strive there.

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  3. Asked: September 18, 2023In: Money & Business

    Why should you join business cooperations?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 6:42 am

    Joining a business cooperative is not a prerequisite for success in business, but if you have a viable and well run cooperative in your industry and location, it is very advisable to join. They would help you when you struggle with sales of your products as they can redirect customers to you. They aRead more

    Joining a business cooperative is not a prerequisite for success in business, but if you have a viable and well run cooperative in your industry and location, it is very advisable to join. They would help you when you struggle with sales of your products as they can redirect customers to you. They also help with fair pricing of products to benefit the cooperative members. Emphasis is on a viable and well run cooperative.

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  4. Asked: April 17, 2024In: Money & Business

    What exactly is Creditworthiness?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 21, 2024 at 6:37 am

    Credit worthiness examines the risk level a financial institution would be taking if they offer you credit facilities. Giving out a loan to a person or an organisation is a risk taken by the financial institution. And they have to examine if you have what it takes to manage a loan and payback withinRead more

    Credit worthiness examines the risk level a financial institution would be taking if they offer you credit facilities. Giving out a loan to a person or an organisation is a risk taken by the financial institution. And they have to examine if you have what it takes to manage a loan and payback within stipulated time. They look at your loan history with other financial institutions, your income level and your financial liabilities to ascertain if you are credit worthy or not.

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  5. Asked: April 16, 2024In: Money & Business

    Is there any relationship between time and money?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 20, 2024 at 10:50 pm

    Time and money are related. Your ability to make money, no matter the kind of job that you do is limited by time. Time is the most valuable resource on earth because it is the measure of life itself. When you go to work in an organisation, you are being paid for your skill and your time. It is the aRead more

    Time and money are related. Your ability to make money, no matter the kind of job that you do is limited by time. Time is the most valuable resource on earth because it is the measure of life itself. When you go to work in an organisation, you are being paid for your skill and your time. It is the ability of people to utilize time that they are able to make money.

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

    How do You Cater For Your Family With Low Income?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 20, 2024 at 10:47 pm

    If you have a low income and you have a family, you have made a mistake that would keep you depressed for a very long time. There is no way that you would cater for a family with a low income. The best bet is to increase your income level by working hard and smart. Get your partner to work too and bRead more

    If you have a low income and you have a family, you have made a mistake that would keep you depressed for a very long time. There is no way that you would cater for a family with a low income. The best bet is to increase your income level by working hard and smart. Get your partner to work too and bring some financial resources to the table. It is always advisable that people get stable before they have a family.

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  7. Asked: September 1, 2023In: Money & Business

    Is there anything like free money online?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 20, 2024 at 10:44 pm

    There is nothing like free money anywhere. And in the online space, no one pays you for no value. If you look at the major means that people earn online, you would discover that they are offering enormous value before they are being paid such money you hear that they earn online.  Is it contents? FrRead more

    There is nothing like free money anywhere. And in the online space, no one pays you for no value. If you look at the major means that people earn online, you would discover that they are offering enormous value before they are being paid such money you hear that they earn online.  Is it contents? Freelancing? Mining? Or even trading? It is all an exchange of value for payment. No free money online. Don’t fall for scams.

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

    How To Scale a Street Food Business Full time?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 20, 2024 at 10:40 pm

    To scale a street food business, you would need to expand your market to instigate more sales. You would need to get a location with a higher population density and more central. You would need to expand your menu to cover other tastes and preferences. All of this needs extra funding which you can gRead more

    To scale a street food business, you would need to expand your market to instigate more sales. You would need to get a location with a higher population density and more central. You would need to expand your menu to cover other tastes and preferences. All of this needs extra funding which you can get from compounded savings from profits. Scaling up this kind of business happens bit by bit though.

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  9. Asked: July 19, 2024In: Money & Business

    What are the qualities of good marketer?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 20, 2024 at 12:43 pm

    A good marketer must first of all know how to communicate with people. To market a product, you need to know how to talk. And being a good communicator is a prerequisite to having an headway as a marketer. After that, a good marketer must understand the psychology of sales to know a person that hasRead more

    A good marketer must first of all know how to communicate with people. To market a product, you need to know how to talk. And being a good communicator is a prerequisite to having an headway as a marketer. After that, a good marketer must understand the psychology of sales to know a person that has received a marketing pitch positively, to know when he should push for sales. A marketer must be patient to not give up with negative reception from potential customers. And he or she must be decisive to know when to close deals.

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  10. Asked: July 19, 2024In: Crypto & Forex

    Is Cryptocurrency A Good Way To Hedge Inflation?

    Inem
    Inem Knowledge Seeker
    Added an answer on July 20, 2024 at 12:34 pm

    I use the USDT stable coin to hedge against inflation of the naira note. For a fiat currency like that of my country, I prefer to hold by savings in the US dollars to avoid the value of my money from reducing to nothing. For countries that have a weak fiat currency against the dollar, a stable coinRead more

    I use the USDT stable coin to hedge against inflation of the naira note. For a fiat currency like that of my country, I prefer to hold by savings in the US dollars to avoid the value of my money from reducing to nothing. For countries that have a weak fiat currency against the dollar, a stable coin would help you to keep the value of your money intact.

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