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Mike Smith

Knowledge Seeker
Ask Mike Smith
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231 Questions
Home» Mike Smith»Answers
  • About
  1. Asked: September 23, 2023In: Money & Business

    Important factors you should consider as a business owner

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 23, 2023 at 4:02 pm

    It is necessary and important for a business owner or manager to consider his or her level of experience about the business he or she has established or intends to establish. One of the things that majority of business owners do not know who is that their experience in the business they want to estaRead more

    It is necessary and important for a business owner or manager to consider his or her level of experience about the business he or she has established or intends to establish. One of the things that majority of business owners do not know who is that their experience in the business they want to establish or have already established can help them to stay longer in business there by carrying out activities in business way more smarter than their competitors. Experience is absolutely everything in business and for an individual to gain experience in a particular line of business, seeking advice from experts or going to school of education on business can help him or her then the requisite knowledge and training about the particular line of business or industry of entrepreneurship.

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  2. Asked: September 23, 2023In: Money & Business

    what was the first online site you worked on?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 23, 2023 at 4:00 pm

    I could remember vividly when I was introduced to the act of making money online and that was way back in the year 2014. Initially I was so much desperate to make money online because I have heard how maturity of individuals make tons of money by engaging in various online activities and so I was inRead more

    I could remember vividly when I was introduced to the act of making money online and that was way back in the year 2014. Initially I was so much desperate to make money online because I have heard how maturity of individuals make tons of money by engaging in various online activities and so I was interested. I begin to see that in order for me to make money online I must first of all get acquainted with the simple and less complicated way of making money online search was engaging in paid to post website, paid to play games website, paid to fill survey websites, and paid to watch videos websites. I engage in numerous website under these categories, and trust need experience was worth it.

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  3. Asked: September 22, 2023In: Money & Business

    How can one detect a site to be scammers?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 22, 2023 at 5:36 pm

    During my early days of being introduced to the act of making money online, the above question is basically what I usually ask myself, the reason is because I have always fall victim to online scammers and fraudsters who create scam and fraudulent platforms to only steal our time energy and money. BRead more

    During my early days of being introduced to the act of making money online, the above question is basically what I usually ask myself, the reason is because I have always fall victim to online scammers and fraudsters who create scam and fraudulent platforms to only steal our time energy and money. But now I am able to differentiate between a legit website from a scam website and all this is made possible with the use of what is known as a scam site detector. Typically a scam site detector is a tool or mechanism that helps an individual know whether a website is a scam or a fraud, however there are so many scam site detector on the internet but the best I love to recommend is known as “scam advisor.com”

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

    How do I calculate and manage business finances?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 22, 2023 at 5:33 pm

    In as much as a business might make profit everyday, it must also make expenses which comes in the form of compensating your workers and clients or paying rent and rates. All these are known as business finances. However one of the most credible and efficient way to calculate your business finance iRead more

    In as much as a business might make profit everyday, it must also make expenses which comes in the form of compensating your workers and clients or paying rent and rates. All these are known as business finances. However one of the most credible and efficient way to calculate your business finance is by making reference to your business books of accounts. It is important that a business have books of account which entails the business expense and profits. If after calculation your expenses are higher than your profit, then your business is running on a loss. On the other hand if your profit are higher than your expense by a huge figure, that means the business is on profit but if the profit figure is not numerous, then your business is on gradual profit.

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  5. Asked: September 22, 2023In: Money & Business

    Why do people prefer working for someone?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 22, 2023 at 5:30 pm

    One of the main reasons many individuals prefer working under someone is because they lack the experience of what exactly the other person does, and in order for them to gradually gain experience of what the other person does, they must first of all serve under that person in order to gain such expeRead more

    One of the main reasons many individuals prefer working under someone is because they lack the experience of what exactly the other person does, and in order for them to gradually gain experience of what the other person does, they must first of all serve under that person in order to gain such experience. Another reason an individual may work under another is because they are illiterate, not a room full of individuals nowadays our graduates, moreover in order to have a source of income and to earn a living in such resource-limited world, they would have to work under superior individuals who are literate so as to earn a living.

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  6. Asked: September 22, 2023In: Money & Business

    What is the consequence of not saving?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 22, 2023 at 5:28 pm

    There is literally no other way to put it, but if an individual does not save money today he or she starts the chance to remain broke and poor forever. When an individual saves money he or she is proving to be financially stable an alert for the future which is consider to be filled with so many unfRead more

    There is literally no other way to put it, but if an individual does not save money today he or she starts the chance to remain broke and poor forever. When an individual saves money he or she is proving to be financially stable an alert for the future which is consider to be filled with so many unforeseen circumstances and contingencies which in one way or the other will need to use of money to solve. Being broke and poor is a critical and uneasy situation or condition, every individual must try to avoid, moreover an individual must have a good source of income so as to be able to save money for futuristic events.

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  7. Asked: September 22, 2023In: Money & Business

    What causes some business to crash easily?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 22, 2023 at 5:25 pm

    It is totally an embarrassing situation when an individual just established business but within a few days or weeks the business crashes. Indeed so many factors may be the reason why an individual business will crash soon enough. For example improper planning of the business idea could be one of theRead more

    It is totally an embarrassing situation when an individual just established business but within a few days or weeks the business crashes. Indeed so many factors may be the reason why an individual business will crash soon enough. For example improper planning of the business idea could be one of the reason and individuals business might crash so easily, and another factor is lack of experience about the business idea. Many individuals established businesses today without having good and efficient requisite experience about the business they have established and as a result of this their business is doomed to crash. The last but not the least is insufficient funds to keep the business afloat, truly the lack of funds is one of the simplest reasons businesses fail today.

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  8. Asked: September 22, 2023In: Money & Business

    How can one develop the habit of savings?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 22, 2023 at 5:23 pm

    Being able to develop the habit of savings can be done properly if an individual starts now. Many individuals believe that for them to start saving money they must have huge source of income coming in, but in real life that is absolutely not the case because if you do not know how to save money nowRead more

    Being able to develop the habit of savings can be done properly if an individual starts now. Many individuals believe that for them to start saving money they must have huge source of income coming in, but in real life that is absolutely not the case because if you do not know how to save money now there is no guaranteed assurance that you will be able to save money when you start making it big. Even if you are a student, it is advised that you do not spend all your pocket money given to you by your parents but at least save some for other activities, in this way you develop the habit of saving while as a student, and when you become an independent adult you would be able to even save more.

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  9. Asked: September 22, 2023In: Money & Business

    What business is currently fetching good profit?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 22, 2023 at 5:21 pm

    The main purpose in establishing a business is basically to make profit, however majority of individuals usually go to establishing businesses that is able to fetch good profit today and ditch does that may take time to fetch profit. In this part of the country Nigeria, some of the business that stiRead more

    The main purpose in establishing a business is basically to make profit, however majority of individuals usually go to establishing businesses that is able to fetch good profit today and ditch does that may take time to fetch profit. In this part of the country Nigeria, some of the business that still make profit today include: provision business, salon business, electronic repair business, fashion store business etc. Indeed there are many, but the above is what I can come up with.

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  10. Asked: September 22, 2023In: Money & Business

    How can i become a business owner?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 22, 2023 at 5:19 pm

    Not every individual is capable of managing a business but through requisite training and experience an individual can be able to become a good and efficient business owner or manager. To become a business entrepreneur you must have training that is why it is advisable to first of all serve as a novRead more

    Not every individual is capable of managing a business but through requisite training and experience an individual can be able to become a good and efficient business owner or manager. To become a business entrepreneur you must have training that is why it is advisable to first of all serve as a novice or apprentice for another, so as to gain knowledge about a particular line of business you are interested in, so that once you start your own business in the same industry you will grow and develop. Also to be a good business owner you must have sufficient funds that is capable for bringing your business idea into existence. It is one thing to have a business idea and it is another thing for you to bring your business idea into existence which definitely can be done with the use of adequate and sufficient funds in your hands.

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