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spencer

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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

spencer
spencerEnlightened Mentor
Asked: July 18, 2024In: Money & Business

How Can Location Influence a Business?

How can a business location influences a business outcome, how can a business owner make sure he gets a good location to run his business from?

How can a business location influences a business outcome, how can a business owner make sure he gets a good location to run his business from?

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business ideabusiness locationbusiness tips
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  1. Lastborn
    Lastborn Newcomer
    Added an answer on May 6, 2026 at 2:23 am

    For a business to grow and develop, the choice of business location tend to play a great role. An enterprise is created to supply the needs of a certain customers, and in doing so several issues come to an entrepreneur’s mind. Issues like economic activity of the location, demography of location, geRead more

    For a business to grow and develop, the choice of business location tend to play a great role. An enterprise is created to supply the needs of a certain customers, and in doing so several issues come to an entrepreneur’s mind. Issues like economic activity of the location, demography of location, geography of location, and even business climate.

     

    Under location economy, an entrepreneur should be keen to observe employment density, as well as type of industries in operation. Check in details the infrastructure, especially transport systems which may include land, air and water.

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spencer
spencerEnlightened Mentor
Asked: July 18, 2024In: Money & Business

How Do Investors Add Value To The Economy?

As an investor, what value are they adding to the economy, in what way are the activities of investors helping the economy grow?

As an investor, what value are they adding to the economy, in what way are the activities of investors helping the economy grow?

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investmentinvestorsmaking money
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  1. De Mogul
    De Mogul Expert Mind A student
    Added an answer on August 12, 2025 at 10:17 pm

    Investors help a country grow and that is evident if you look at the developed countries we have in the world. When a lot of investors come into a country and invest it create a lot of opportunities for the country and this is because it employed a lot of people which will improve the lives of the cRead more

    Investors help a country grow and that is evident if you look at the developed countries we have in the world.

    When a lot of investors come into a country and invest it create a lot of opportunities for the country and this is because it employed a lot of people which will improve the lives of the citizens.
    It also helps the country because the country will reduce the importation of that particular product that is being produced local

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spencer
spencerEnlightened Mentor
Asked: July 18, 2024In: Money & Business

How To Create a Business Plan From Scratch?

If you’re just starting a new business, is it advisable to make a business plan or you should wait till you hit profitability before bothering with that?

If you’re just starting a new business, is it advisable to make a business plan or you should wait till you hit profitability before bothering with that?

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business ideabusiness planbusiness tips
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  1. raaman
    raaman Expert Mind A blogger and a writer interested in learning.
    Added an answer on July 19, 2024 at 12:35 pm

    If you wish to start a business plan from the scratch, you have to begin with the description of the business, market research, organizational structure, product and service offering, marketing strategy, operational plan, and financial projections. You should also define your unique value propositioRead more

    If you wish to start a business plan from the scratch, you have to begin with the description of the business, market research, organizational structure, product and service offering, marketing strategy, operational plan, and financial projections. You should also define your unique value proposition, your target market, and competitive analysis of the business.

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spencer
spencerEnlightened Mentor
Asked: July 18, 2024In: Insurance, Money & Business

What Are The Benefits of Getting an Insurance?

What are the benefits of getting an insurance, what do I stand to gain if I subscribe to an insurance plan, is it worth it at all?

What are the benefits of getting an insurance, what do I stand to gain if I subscribe to an insurance plan, is it worth it at all?

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  1. Redditcat1
    Redditcat1 Active Contributor Digital marketer
    Added an answer on May 6, 2026 at 1:09 pm

    Getting insurance is very good I can still remember my brother business he was attack by criminals all his business funds was collected but he was able to make it faster and restart the business through insurance.Insurance is very good but people don't really know the value of insurance scheme untilRead more

    Getting insurance is very good I can still remember my brother business he was attack by criminals all his business funds was collected but he was able to make it faster and restart the business through insurance.

    Insurance is very good but people don’t really know the value of insurance scheme until their business start collapsing

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spencer
spencerEnlightened Mentor
Asked: July 18, 2024In: Money & Business

Does a Hire Purchase Business Make Profits?

Does hire purchase business make profits, is there a way a hire purchase vehicles make profits for the owner?

Does hire purchase business make profits, is there a way a hire purchase vehicles make profits for the owner?

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business ideahire purchasemaking profits
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on May 8, 2026 at 3:21 am

    A hire purchase agreement is a type of credit agreement between a buyer and seller. After an initial payment, the buyer continues to make installment payments and the payment comes with higher interest sometimes. So of course the seller would make profit from the interest he or she is charging on thRead more

    A hire purchase agreement is a type of credit agreement between a buyer and seller. After an initial payment, the buyer continues to make installment payments and the payment comes with higher interest sometimes. So of course the seller would make profit from the interest he or she is charging on the item bought so there’s always making of profit from it

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spencer
spencerEnlightened Mentor
Asked: July 18, 2024In: Money & Business

Is the Health Business a Good Industry to Start a Business?

Is the health niche a good business sector to hop in as a entrepreneur, what are the opportunities available in such niches?

Is the health niche a good business sector to hop in as a entrepreneur, what are the opportunities available in such niches?

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business nichebusiness tipshealth business
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  1. Light
    Light Trusted Adviser
    Added an answer on July 20, 2024 at 2:45 pm

    Health business is lucrative online and offline. People always have health issues so you have more customers no matter your competitors. You will make so much money especially if you can offer a solution and get recommendations from people. What I don't like about this is that not everybody is qualiRead more

    Health business is lucrative online and offline. People always have health issues so you have more customers no matter your competitors. You will make so much money especially if you can offer a solution and get recommendations from people. What I don’t like about this is that not everybody is qualified and they go ahead offering health advice and tips well maybe some work and some from experience but what about those that just want to earn.

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spencer
spencerEnlightened Mentor
Asked: July 18, 2024In: Money & Business

How Can I Make As a Podcast Presenter?

How can I make money as a podcast presenter, how can I get people to come to my show and how can I monetize it?

How can I make money as a podcast presenter, how can I get people to come to my show and how can I monetize it?

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business tipspodcast tipsside hustle
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on April 23, 2026 at 8:42 am

    There are effective and easy ways to make money from having a podcast . It is first good to research and learn how to monetize your podcast with proven strategiesYou can explore sponsorships, ads, and more to turn your passion into profit. Even free podcasts make money it can be through indirect monRead more

    There are effective and easy ways to make money from having a podcast . It is first good to research and learn how to monetize your podcast with proven strategies

    You can explore sponsorships, ads, and more to turn your passion into profit. Even free podcasts make money it can be through indirect monetization and  sponsorships where brands pay for mentions, affiliate marketing etc.

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spencer
spencerEnlightened Mentor
Asked: July 17, 2024In: Insurance, Money & Business

What's The Best Bank To Open an Account With?

In your country of residence, what’s the best bank currently that’ll you’ll recommend for someone just starting out and looking at opening a bank account?

In your country of residence, what’s the best bank currently that’ll you’ll recommend for someone just starting out and looking at opening a bank account?

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bankingfinance
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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on April 24, 2026 at 4:26 pm

    When it comes to which is the best bank to open in Nigeria, i don't think there is anyone in particular, it mainly depends on personal preference. I know someone who uses Gtbank, and she can actually boost of it being the best. I have used banks like UBA, premium trust banks and so on, and they areRead more

    When it comes to which is the best bank to open in Nigeria, i don’t think there is anyone in particular, it mainly depends on personal preference. I know someone who uses Gtbank, and she can actually boost of it being the best. I have used banks like UBA, premium trust banks and so on, and they are great. The best way to decide which is best is to read the benefits that comes with each banks and decide which one best suit you. 

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spencer
spencerEnlightened Mentor
Asked: July 17, 2024In: Money & Business

How to start a content creation side hustle?

How can I get started in making money by the side as a content creator specializing in writing contents, what are the prerequisites?

How can I get started in making money by the side as a content creator specializing in writing contents, what are the prerequisites?

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content creationmake moneyside hustle
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on May 7, 2026 at 12:35 pm

    You can start this if you have the skills to do vlogging and blogging. You can start creating short or long videos and do engaging ones so that you can relate well with your audience. The thing with content creation is that you should try to have a niche that you can focus on and do the best with itRead more

    You can start this if you have the skills to do vlogging and blogging. You can start creating short or long videos and do engaging ones so that you can relate well with your audience. The thing with content creation is that you should try to have a niche that you can focus on and do the best with it.earning money from it henceforth would be easy.

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spencer
spencerEnlightened Mentor
Asked: July 17, 2024In: Money & Business

How To Qualify For a Business Grant as an Entrepreneur?

How can I position my business to get access to business grants, what are the requisites for it and how can I qualify?

How can I position my business to get access to business grants, what are the requisites for it and how can I qualify?

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business grantsbusiness ownerbusiness tips
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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on November 22, 2025 at 4:43 am

    Honestly, the key to qualifying for a business grant is showing that your business is serious and fits what the grant is looking for. That means having a clear business plan, solid financials, and being able to explain exactly how the money will help grow your business. Many grants target specific iRead more

    Honestly, the key to qualifying for a business grant is showing that your business is serious and fits what the grant is looking for. That means having a clear business plan, solid financials, and being able to explain exactly how the money will help grow your business. Many grants target specific industries, communities, or social goals, so positioning your business around those areas helps. Basically, do your homework on eligibility, present your business clearly and professionally, and show that the funds will be used responsibly.

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