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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

spencer
spencerEnlightened Mentor
Asked: June 11, 2024In: Money & Business

What Sort of Side Hustle Can a Student Start?

As a student currently in college, what sort of side hustle can I start that can guarantee me money, a service I can offer to people in exchange for $$$

As a student currently in college, what sort of side hustle can I start that can guarantee me money, a service I can offer to people in exchange for $$$

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business tipsside hustlestartup
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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on June 12, 2024 at 9:50 am

    As a  student in college, you have so much free time that you can use to make some money. For one, you can look for a part time job maybe in a supermarket or hotel near your campus. So many students work in such areas while studying. You could also learn an online earning skill such as writing, tranRead more

    As a  student in college, you have so much free time that you can use to make some money. For one, you can look for a part time job maybe in a supermarket or hotel near your campus. So many students work in such areas while studying.

    You could also learn an online earning skill such as writing, transcription or web design. That requires you to have a good device like a laptop and internet connection. Then offer your service to online clients and make some money.

    You could also start a business, students around a college love buying fast foods, you could start a business selling them. Those shops around a college usually make so much money whenever students are in session.

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spencer
spencerEnlightened Mentor
Asked: June 9, 2024In: Money & Business

Skills Needed To Start a Drop shipping Business?

What are the skills needed to start a drop shipping company, what do I need to learn, what technologies do I need to learn to make it work?

What are the skills needed to start a drop shipping company, what do I need to learn, what technologies do I need to learn to make it work?

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businessbusiness tipsdrop shipping
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spencer
spencerEnlightened Mentor
Asked: May 17, 2024In: Money & Business

How To Hire Influencers for Marketing?

How can a business hire influencers to market it’s products, what are the steps that should be followed to hire them, also is it a good step to take in growing a business?

How can a business hire influencers to market it’s products, what are the steps that should be followed to hire them, also is it a good step to take in growing a business?

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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 2, 2024In: Money & Business

How Can a Business Protect Itself From Inflation?

How can a business owner protect his business from inflation, what are the steps to follow in other to circumvent that?

How can a business owner protect his business from inflation, what are the steps to follow in other to circumvent that?

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  1. Inem
    Inem Knowledge Seeker
    Added an answer on July 8, 2024 at 1:52 pm

    For a business to be free from inflation, it has to expand into other territories so that revenue from areas with less inflation could be used to cushion the effects of the inflation in areas that are ridden from inflation. Another way a business can protect itself from inflation is by creatively soRead more

    For a business to be free from inflation, it has to expand into other territories so that revenue from areas with less inflation could be used to cushion the effects of the inflation in areas that are ridden from inflation. Another way a business can protect itself from inflation is by creatively sourcing it’s inputs by itself. That way, it doesn’t have to depend on other businesses to buy productive inputs from. I plant my own corn that I use to produce animal feeds for my birds. That saves me from inflation associated with corn.

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spencer
spencerEnlightened Mentor
Asked: June 29, 2024In: Money & Business

How To Increase Efficiency in a Business?

It is believed that the more employees that work in a company the more inefficient processes become, how can this process get fixed to help operations in a company?

It is believed that the more employees that work in a company the more inefficient processes become, how can this process get fixed to help operations in a company?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on October 22, 2025 at 12:43 pm

    When a company grows, inefficiency often comes from unclear roles and poor communication, not just the number of employees. To fix this, you need strong leadership that sets clear goals and systems. Streamline tasks, eliminate unnecessary steps, and encourage teamwork with open communication. UsingRead more

    When a company grows, inefficiency often comes from unclear roles and poor communication, not just the number of employees. To fix this, you need strong leadership that sets clear goals and systems. Streamline tasks, eliminate unnecessary steps, and encourage teamwork with open communication. Using tools like project management software can help keep everyone on the same page. It’s about working smarter, not harder, so more people actually make the business stronger, not slower.

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spencer
spencerEnlightened Mentor
Asked: May 12, 2024In: Money & Business

How To Minimize Business Expenses?

Minimizing business expenses can help a business owner to invest in other aspects of business like growth etc, what’s the best way to minimize expenses?

Minimizing business expenses can help a business owner to invest in other aspects of business like growth etc, what’s the best way to minimize expenses?

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 29, 2025 at 9:29 am

    Minimizing business expenses is an intentional effort that the owner of the business will have to do by himself and that has to do with financial disciplines on the side of the business owner because there are some business owners that actually keep in curing unnecessary expenses therefore a businesRead more

    Minimizing business expenses is an intentional effort that the owner of the business will have to do by himself and that has to do with financial disciplines on the side of the business owner because there are some business owners that actually keep in curing unnecessary expenses therefore a business owner should have a scale of preference of things that the business is in need of so that they can easily remove and filter out things that are unnecessary

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

How To Run a Successful Laundry Business?

Laundry business is competitive, because there’s competition in every corner especially if you live in suburbs, how can a business owner run a successful laundry and get more customers expending few resources?

Laundry business is competitive, because there’s competition in every corner especially if you live in suburbs, how can a business owner run a successful laundry and get more customers expending few resources?

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  1. Light
    Light Trusted Adviser
    Added an answer on May 17, 2024 at 12:01 pm

    I have a friend into laundry business, sincerely it's stressful especially when things are done mainly manually, but he is making so much money. He has so many customers trooping in everyday. I didn't see how lucrative that was going to be before now. The major disadvantages here is  electricity. IfRead more

    I have a friend into laundry business, sincerely it’s stressful especially when things are done mainly manually, but he is making so much money. He has so many customers trooping in everyday. I didn’t see how lucrative that was going to be before now. The major disadvantages here is  electricity. If you lack this, you spend more. The cost of purchasing machines is very high, the compulsory ones are washing machine and generator.

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spencer
spencerEnlightened Mentor
Asked: May 14, 2024In: Money & Business

What's the use of debt to a business owner?

How can debt benefit a business owner and how can it be used to grow the business bigger, is it advisable to take on loan?

How can debt benefit a business owner and how can it be used to grow the business bigger, is it advisable to take on loan?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on November 9, 2025 at 6:46 am

      Debt which is  borrowing money to help the business make a better profit. A good debt could be loans for purchasing equipment, expanding your business operations, etc can  enhance productivity and profitability. Again, Debt can fuel businese growth. Long-term debt can provide the strategic reRead more

     

    Debt which is  borrowing money to help the business make a better profit. A good debt could be loans for purchasing equipment, expanding your business operations, etc can  enhance productivity and profitability.

    Again, Debt can fuel businese growth. Long-term debt can provide the strategic resources a business needs to take the next step. A well-managed, low-interest loan can supply the working capital for sustained growth, enabling one to run the business successfuly and build your team,

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spencer
spencerEnlightened Mentor
Asked: July 13, 2024In: Money & Business

What Habits Can Cause A Good Business to Crash?

What are the kind of habits can a business owner exhibit that’ll make his business to fail, list them and their remedy?          

What are the kind of habits can a business owner exhibit that’ll make his business to fail, list them and their remedy?

 

 

 

 

 

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on July 17, 2024 at 9:57 am

    One habit that can lead to the crash of a business is overspending business money. Business people who do not know how to manage funds end up bankrupting the business. The remedy to this is to learn accounting or hire a professional accountant to manage business funds. Another habit that could leadRead more

    One habit that can lead to the crash of a business is overspending business money. Business people who do not know how to manage funds end up bankrupting the business. The remedy to this is to learn accounting or hire a professional accountant to manage business funds. Another habit that could lead to a business crash is treating customers poorly. Customer service is what attracts and keeps customers and without them, business will crash. It is best to teach employees proper customer service always.

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