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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

In Nigeria the kind of businesses established over here are mostly small-scale business. I have been trying to understand why this is so but yet I come to the conclusion that the reason why small-scale businesses are established in Nigeria ...Read more

In Nigeria the kind of businesses established over here are mostly small-scale business. I have been trying to understand why this is so but yet I come to the conclusion that the reason why small-scale businesses are established in Nigeria is because of the low capital nature and inadequacy of most individuals who go into business. Anyways what do you think?

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nigeria and businesssmall-scale business
  1. spencer
    spencer Enlightened Mentor

    Because the country is a developing country, it happens a lot in such countries, a lot of people are trying to start up a business and make ends meet, they're not starting the next Google that's going to disrupt the world, they are just adding values to already existing business. These kind of businRead more

    Because the country is a developing country, it happens a lot in such countries, a lot of people are trying to start up a business and make ends meet, they’re not starting the next Google that’s going to disrupt the world, they are just adding values to already existing business.

    These kind of business are kind of easy to start and almost profitable at the beginning hence a lot of people get into them and work on them.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

I have heard people saying that customer services is important and necessary in a business organisation. The majority of businesses are trying to get their customer service is right, some organisational customer services and lacking some key factors or ingredients, ...Read more

I have heard people saying that customer services is important and necessary in a business organisation. The majority of businesses are trying to get their customer service is right, some organisational customer services and lacking some key factors or ingredients, anyways how would you answer this question?

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customer satisfactioncustomer services
Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

This is absolutely an important question because in every region and country of the world there are many popular businesses that are known to have stayed open for decades. Are there any secrets to this please share?

This is absolutely an important question because in every region and country of the world there are many popular businesses that are known to have stayed open for decades. Are there any secrets to this please share?

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business establishingbusiness management
  1. spencer
    spencer Enlightened Mentor

    They stay afloat because of many points that are too numerous to mention, it actually looks easy to pinpoint the reason but the truth it most businesses that lasted over a decade have something going on for them that's not open to the public, might be a government handout, monopoly or enjoying someRead more

    They stay afloat because of many points that are too numerous to mention, it actually looks easy to pinpoint the reason but the truth it most businesses that lasted over a decade have something going on for them that’s not open to the public, might be a government handout, monopoly or enjoying some sort of privilege.

    It could also be that their product and services are just the best and there’s no one that can do it better like Coca Cola.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 14, 2023In:

No business owning a business manager wishes for his or her business to fail or to go bankrupt, but in as much as the goal is to stay in business for a longer period of time and earn expected and ...Read more

No business owning a business manager wishes for his or her business to fail or to go bankrupt, but in as much as the goal is to stay in business for a longer period of time and earn expected and planned amount of revenue, some businesses fail. How would you guys answer this question?

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business managementbusiness success
  1. Precious
    Precious Knowledge Seeker KIDI CARE

    Success and failure is one of the overrated situation we hear when it comes to business field, there are numerous reasons why business succeed or fail. A business or bus driver can be successful when he or she manage the  business in a good manner, what I mean is saving daily and creating budget toRead more

    Success and failure is one of the overrated situation we hear when it comes to business field, there are numerous reasons why business succeed or fail.

    A business or bus driver can be successful when he or she manage the  business in a good manner, what I mean is saving daily and creating budget to pursue, when a bus driver can’t manage and maintain his bus in a good manner, we all understand that buses do develop some minor issues, your bus will fail when you can’t repair and maintain it.

    In conclusion, management and maintenance can decide if your bus business will succeed or fail.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 14, 2023In:

Establishing a business requires an individual to consider the environment in which he or she lives in as well as to study the taste and preference of the individual living in such country origin. How would you guys answer this ...Read more

Establishing a business requires an individual to consider the environment in which he or she lives in as well as to study the taste and preference of the individual living in such country origin. How would you guys answer this question?

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business managementbusiness patronage
  1. Mika
    Mika Expert Mind

    In our countries there are all sorts of businesses, from manufacturing, importation , service, etc. However, the country does not produce a lot of things therefore, it has to heavily depend on importation. Therefore, businesses involved with importation are making huge in the country. You can importRead more

    In our countries there are all sorts of businesses, from manufacturing, importation , service, etc. However, the country does not produce a lot of things therefore, it has to heavily depend on importation. Therefore, businesses involved with importation are making huge in the country. You can important all sorts of things from medicines to luxury cars

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 14, 2023In:

Personally I believe that business ownership has to do with the actual using of capital to establish a business and bring a business idea into existence, on the other hand the business management simply refers to the ability of an ...Read more

Personally I believe that business ownership has to do with the actual using of capital to establish a business and bring a business idea into existence, on the other hand the business management simply refers to the ability of an organism and carrying out the overall administration activities that makes the business to be successful and prosperous. What did you guys think.

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business managementbusiness ownership
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Owning a business means holding legal rights, earning profits, and assuming financial risk, but you might not handle daily operations. Managing a business involves running day-to-day activities, making decisions, and leading teams, but you may not own it. In short, ownership is about control and invRead more

    Owning a business means holding legal rights, earning profits, and assuming financial risk, but you might not handle daily operations. Managing a business involves running day-to-day activities, making decisions, and leading teams, but you may not own it. In short, ownership is about control and investment, management is about execution and operations.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 14, 2023In:

I keep hearing people saying that having a business that owns a website is the best for building a website for your business is a good idea. Please can any of you explain further how this is important?

I keep hearing people saying that having a business that owns a website is the best for building a website for your business is a good idea. Please can any of you explain further how this is important?

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business activitiesbusiness website
  1. Precious
    Precious Knowledge Seeker KIDI CARE

    Creating a website for your business is a great improvement for your business, yes I'm sincerely saying the truth, if your business have something to do with phone and others accessories, creating a website and publishing your product will bring more customers and generate sales to your business. ThRead more

    Creating a website for your business is a great improvement for your business, yes I’m sincerely saying the truth, if your business have something to do with phone and others accessories, creating a website and publishing your product will bring more customers and generate sales to your business.

    This is possible because there’s a great number of users online, once your website is engaging and busy with your audience, your audience will see your product on your website, it will surely lead to sales.

    In conclusion, it’s crucial for your business to have a website because it drives customers to your business generate sales.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 14, 2023In:

So many products exist online in which an individual can make an online purchase in order to acquire and bear possession of such product. In as much as we buy products online we are expected to keep good reviews of ...Read more

So many products exist online in which an individual can make an online purchase in order to acquire and bear possession of such product. In as much as we buy products online we are expected to keep good reviews of this product so that they can help others get to know them.

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online marketingonline purchasing
Mike Smith
Mike SmithKnowledge Seeker
Asked: September 14, 2023In:

The governments of a particular economic can totally existence of existing businesses as well as upcoming businesses. There is absolutely no economy that wishes to face crisis but when it strikes, the lives of business individuals can totally be affected ...Read more

The governments of a particular economic can totally existence of existing businesses as well as upcoming businesses. There is absolutely no economy that wishes to face crisis but when it strikes, the lives of business individuals can totally be affected and the government can come to their aid. How exactly would you answer this question?

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economic crisisgovernment and business
Mike Smith
Mike SmithKnowledge Seeker
Asked: September 14, 2023In:

Pandemic is basically another economic problem that can affect the existence of most businesses. Also establishing a business in a economy facing pandemic can be hard and need an individual to carry out serious consideration and planning. How would you ...Read more

Pandemic is basically another economic problem that can affect the existence of most businesses. Also establishing a business in a economy facing pandemic can be hard and need an individual to carry out serious consideration and planning. How would you guys answer this question?

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business in pandemicbusiness problems
  1. Lens
    Lens Knowledge Seeker

    I know someone who owns a cybersecurity firm and it's doing really great, With people working from home, companies need to make sure that all their remote workers are secure. There is a huge increase in sales and clients. The Telehealth services are another business that's on the rise during the panRead more

    I know someone who owns a cybersecurity firm and it’s doing really great, With people working from home, companies need to make sure that all their remote workers are secure. There is a huge increase in sales and clients. The Telehealth services are another business that’s on the rise during the pandemic too. A lot of people want themselves attended to outside the hospital premises. It’s really a great business at that time.

     

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