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Mike Smith

Knowledge Seeker
Ask Mike Smith
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231 Questions
Home» Mike Smith»Answers
  • About
  1. Asked: August 19, 2023In: Money & Business

    What are the struggles of palm oil production business?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on April 13, 2024 at 5:46 am

    There are typically two problems that are wrong with this business or two major negative impact that majority of business owners in this field of business may face. The first problem is finding a good supplier who can supply you palm produce, a lot of suppliers in the palm oil industries exhibit dubRead more

    There are typically two problems that are wrong with this business or two major negative impact that majority of business owners in this field of business may face. The first problem is finding a good supplier who can supply you palm produce, a lot of suppliers in the palm oil industries exhibit dubious activities and most of them usually unnecessarily increase the price of their raw materials for palm oil produce. The second problem is finding targeted audience who are ready and capable of buying your palm oil quickly before they get spoilet or damaged.

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  2. Asked: September 28, 2023In: Money & Business

    How do you manage your income?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on April 10, 2024 at 8:08 am

    There is literally no possible way in managing your income other than budgeting. When you budget your income you make sure to allocate specific amount of money in accomplishing a specific level of activity without any inconveniences and complication. Also engaging in the financial activity of budgetRead more

    There is literally no possible way in managing your income other than budgeting. When you budget your income you make sure to allocate specific amount of money in accomplishing a specific level of activity without any inconveniences and complication. Also engaging in the financial activity of budgeting will help you to be allocate funds so as to engage in other financial activities such as saving and investing money.

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  3. Asked: September 25, 2023In: Money & Business

    How do i venture into plantation farming?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:40 pm

    Plantation farming is a kind of commercial farming which an individual plants a particular kind of agricultural produce in large-scale and in a large land. This kind of farming requires energy and most times demands that the farm owner uses farm machines and implements too easily ensure the free floRead more

    Plantation farming is a kind of commercial farming which an individual plants a particular kind of agricultural produce in large-scale and in a large land. This kind of farming requires energy and most times demands that the farm owner uses farm machines and implements too easily ensure the free flow of activities in the farmland. Plantation farming is highly profitable and usually engaged by most rich individuals in Yoruba land in Nigeria. Plantation farming also requires huge capital investment so as to adequately start up. Lastly it will require requisite training and experience on the farm owner so as to successfully manage.

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  4. Asked: September 25, 2023In: Money & Business

    What the best way to accumulate customers in business ?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:37 pm

    Every business owner want to make sure that he or she accumulates reasonable amount of customers to his or her business organisation so that in every day in business they will be able to make profit. Accumulating customers and clients in your business doesn't have to be so hard, and one of the simplRead more

    Every business owner want to make sure that he or she accumulates reasonable amount of customers to his or her business organisation so that in every day in business they will be able to make profit. Accumulating customers and clients in your business doesn’t have to be so hard, and one of the simplest way of doing so is by making sure that the goods and services used sell to them is basically what they need and is totally perfect and satisfy their needs and wants. The idea here is simple, when an individual purchases a product and see that the product is a unique and perfect one, he or she is likely to call back next time to the business that sells such unique product to him or her. Additionally, other ways of attracting of accumulating customers and clients to your business organisation, is by always being a good listener when they speak to you, and by always giving them feedback early enough, lastly by always protecting their interest.

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  5. Asked: September 25, 2023In: Money & Business

    How do you generate customer referrals

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:33 pm

    Generating customer referrals is not any kind of rocket science knowledge, but to successfully generate referrals to your business through your present customers you must make sure that the goods and services in which your present customers purchase meet their needs and wants perfectly. Customers anRead more

    Generating customer referrals is not any kind of rocket science knowledge, but to successfully generate referrals to your business through your present customers you must make sure that the goods and services in which your present customers purchase meet their needs and wants perfectly. Customers and clients to a business organisation are ready to give the business organisation their loyalty and trust if and only if the business organisation satisfy their needs and wants perfectly through the selling of goods and services. That obviously demands that the business organisation sales and render high quality and reliable goods and services to customers and clients, so that when their needs and wants are met, they will always want to tell their family members friends or colleagues about such a wonderful products your business offers. On the other hand you can earn customer referrals through word-of-mouth interaction with your present customers, by openly telling them to also tell their friends and family members about your products.

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  6. Asked: September 25, 2023In: Money & Business

    What can I do with my savings?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:29 pm

    Literally so many things exist which an individual can accomplish with the money he or she have saved, the purpose of saving money is basically to satisfy futuristic responsibilities and requirements or any futuristic goal and objective which an individual may have to accomplish in the future. WithRead more

    Literally so many things exist which an individual can accomplish with the money he or she have saved, the purpose of saving money is basically to satisfy futuristic responsibilities and requirements or any futuristic goal and objective which an individual may have to accomplish in the future. With money saved and individual can establish business of any kind according to his or her capability and ability, also with money saved an individual can engage in various investment opportunities and options that may turn up in the future so as to have more money to save and more money to spend, with money saved an individual can also carry out Philanthropical activities such as helping the poor and the needy.

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

    what qualities do you look out for in your employees?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:26 pm

    First and foremost employees to any kind of business organisation must be hardworking and industrious, also employees to any kind of business organisation or company must be intellectual and have full requisite experience about the job opportunity in which he or she is occupying. It is totally heartRead more

    First and foremost employees to any kind of business organisation must be hardworking and industrious, also employees to any kind of business organisation or company must be intellectual and have full requisite experience about the job opportunity in which he or she is occupying. It is totally heartbreaking when employees do not have experience about their duties and responsibilities in the business organisation, and instead of being an asset to the business organisation or company they become liabilities. When searching for employees to occupy various job opportunities in the business organisation, qualification, hard-working, experience, sincerity, teamwork, and sociability are qualities you should look for

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  8. Asked: September 25, 2023In: Money & Business

    How do you deal with low income flow ?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:23 pm

    Dealing with low income flow in a business organisation can be handled in So many ways, first of all as a business owner who is trying to deal with low income flows in the business organisation it is expected that you examine your business books of accounts. In the business books of accounts, one ofRead more

    Dealing with low income flow in a business organisation can be handled in So many ways, first of all as a business owner who is trying to deal with low income flows in the business organisation it is expected that you examine your business books of accounts. In the business books of accounts, one of the main reasons why income close maybe low is because expenses are high, moreover once this has been detected in the business books of account and also the reason for which this occurs, the business owner of the business manager can limits activities in that section so that less expenses can be made and more income flowing in.

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  9. Asked: September 25, 2023In: Money & Business

    time it takes before your business start making profits?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:20 pm

    An individual to establish a business today does not mean that it will start making profit that same day, establishing and managing a business requires patience that is why it is advisable for one individual to have the quality of patients when he or she established business. With patience and indivRead more

    An individual to establish a business today does not mean that it will start making profit that same day, establishing and managing a business requires patience that is why it is advisable for one individual to have the quality of patients when he or she established business. With patience and individual will be able to seek for various ways to boost his or her business outputs, also with patience and individual will be able to interact with members of the public who are the business targeted audience, and from time-to-time build cordial and lasting relationship with them so as to win their loyalty and trust.

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  10. Asked: September 25, 2023In: Money & Business

    How do you deal with annoying customers?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:18 pm

    Business men and women keep performing business activities in other to carry out business activities so as to please members of the public. It is therefore expected that these business owners understand that not every individual of making up their customers and clients will be okay with the operatioRead more

    Business men and women keep performing business activities in other to carry out business activities so as to please members of the public. It is therefore expected that these business owners understand that not every individual of making up their customers and clients will be okay with the operations they perform. And in one way or the other they are going to first customers that are so much annoying and never satisfied with the business operation. The business manager or owner should never give in to quarrel or argument with a disturbing or annoying customer or client, seeing that him or her as a business owner have a lot to lose such as the reputation of the business. The best way to resolve this issue is by listening to the customer, and possibly see ways in resolving the whole issue. Remember, your customers are always right although that is not true in all cases, but what that means is that your customers must be satisfied and you must do your best in accomplishing this.

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