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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

eldavis
eldavisEnlightened Mentor
Asked: September 16, 2023In: Money & Business

have you ever hired a family member of your business?

As a business owner, since you have been running your business have you ever hired a family member to help run or manage your business? What was your experience like?

As a business owner, since you have been running your business have you ever hired a family member to help run or manage your business? What was your experience like?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on September 16, 2023 at 2:06 pm

    Well, I'm yet to start my business but when I do I wouldn't hesitate to use a relative as a starting help. The thing is that I might not be able at that point to pay an outsider to help me with the business but s relative would want to help at little to no cost. So yes I would hire a relative one thRead more

    Well, I’m yet to start my business but when I do I wouldn’t hesitate to use a relative as a starting help. The thing is that I might not be able at that point to pay an outsider to help me with the business but s relative would want to help at little to no cost. So yes I would hire a relative one that I believe understand the business and can help it there’s nothing wrong with having a sister or brother help run a business.

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eldavis
eldavisEnlightened Mentor
Asked: September 8, 2023In: Money & Business

is snail farming still lucrative in Nigeria?

Back in the days, snail business was known as one of the lucrative business out there in agriculture. Today in my location i hardly hear people talk much about large scale snail farming, is snail farming still lucrative in Nigeria ...Read more

Back in the days, snail business was known as one of the lucrative business out there in agriculture. Today in my location i hardly hear people talk much about large scale snail farming, is snail farming still lucrative in Nigeria today?

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 27, 2025 at 5:23 pm

    I feel like yes snail farming is still consuming it in Nigeria because there are some people that are still consuming it a lot of people actually. Thinking about businesses that once you have your customers available it will always flourish. One thing that you must be able to know how to do this marRead more

    I feel like yes snail farming is still consuming it in Nigeria because there are some people that are still consuming it a lot of people actually. Thinking about businesses that once you have your customers available it will always flourish.

    One thing that you must be able to know how to do this market your business very well because some people lack the ability to market properly and that is why their business is not going forward

    You need to just have the necessary tools and the right target audience or customers

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eldavis
eldavisEnlightened Mentor
Asked: September 7, 2023In: Money & Business

is starting a laundry business still lucrative?

A laundry shop is a very popular and common business today, in my area alone there are over five or six laundry shops around, personally i feel the amount of people in this line of business is becoming too much. ...Read more

A laundry shop is a very popular and common business today, in my area alone there are over five or six laundry shops around, personally i feel the amount of people in this line of business is becoming too much. Is setting up a laundry shop still lucrative?

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eldavis
eldavisEnlightened Mentor
Asked: September 4, 2023In: Money & Business

How do you deal with co-workers who are not willing to work?

In a business setup, there are always does who tend to put in their best to ensure that everything works out well, then there does who want to get paid but do not want to work. As a coworker, how ...Read more

In a business setup, there are always does who tend to put in their best to ensure that everything works out well, then there does who want to get paid but do not want to work. As a coworker, how do you deal with these set of workers who refuse to work?

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  1. Emmyty
    Best Answer
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 4, 2023 at 6:52 pm

    When faced with co-workers who are not willing to work, it is important to first address the issue directly with them. Initiate a conversation to understand the reasons behind their lack of motivation and determine if any underlying concerns need to be addressed. Offer support and encouragement, shoRead more

    When faced with co-workers who are not willing to work, it is important to first address the issue directly with them. Initiate a conversation to understand the reasons behind their lack of motivation and determine if any underlying concerns need to be addressed. Offer support and encouragement, showcasing the benefits of teamwork and the impact their efforts can have on the overall success of the team. If the issue persists and affects overall productivity, it may be necessary to escalate the problem to a supervisor or manager for further intervention.

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eldavis
eldavisEnlightened Mentor
Asked: September 11, 2023In: Money & Business

Why did you choose the industry you are in?

When it comes to making money, there are so many industries one can use in making money such as the movie industry, the music industry and so on. What industry are you in and why did you choose it?

When it comes to making money, there are so many industries one can use in making money such as the movie industry, the music industry and so on. What industry are you in and why did you choose it?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on May 6, 2026 at 12:45 am

    I like the freelancing sites because of its Freedom to Work from Anywhere: You can work from home, a café, or any place where you feel comfortable. You still make your money. You have Complete Autonomy: You are your own boss, granting you the ability to set your priorities and work hours.

    I like the freelancing sites because of its Freedom to Work from Anywhere: You can work from home, a café, or any place where you feel comfortable. You still make your money. You have Complete Autonomy: You are your own boss, granting you the ability to set your priorities and work hours.

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eldavis
eldavisEnlightened Mentor
Asked: September 8, 2023In: Money & Business

how much do i need to startup a drop shipping business?

i heard drop shipping is one of the most lucrative business to go into for students and non students. How much do i need to start up a drop shipping business here in Nigeria and how do i go about ...Read more

i heard drop shipping is one of the most lucrative business to go into for students and non students. How much do i need to start up a drop shipping business here in Nigeria and how do i go about it?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 8, 2023 at 7:11 pm

    To start a drop shipping business in Nigeria, you will need some initial capital to purchase inventory from suppliers. The amount needed can vary depending on the products you choose and the scale of your business, but start with a budget of around $500-$1000.   To go about it, research and ideRead more

    To start a drop shipping business in Nigeria, you will need some initial capital to purchase inventory from suppliers. The amount needed can vary depending on the products you choose and the scale of your business, but start with a budget of around $500-$1000.

     

    To go about it, research and identify profitable products, then find reliable suppliers or manufacturers who offer drop shipping services. Create an online store or utilize existing e-commerce platforms to showcase your products. Market your store through social media advertising, influencer partnerships, and search engine optimization to attract customers and drive sales. Always prioritize customer service and timely order fulfillment to ensure customer satisfaction and repeat business.

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eldavis
eldavisEnlightened Mentor
Asked: September 18, 2023In: Money & Business

what challenges do you have operating a business from home?

I recently started my personal business and with time i plan on setting up an office at home, are there any challenges when it comes to working from home?

I recently started my personal business and with time i plan on setting up an office at home, are there any challenges when it comes to working from home?

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  1. Light
    Light Trusted Adviser
    Added an answer on September 18, 2023 at 6:40 pm

    Home-based business operation poses particular difficulties. Productivity might be impacted by distractions from family members or household chores. Operations at a firm may be restricted by a lack of resources and space. It might be challenging to uphold boundaries between work and life. CredibilitRead more

    Home-based business operation poses particular difficulties. Productivity might be impacted by distractions from family members or household chores. Operations at a firm may be restricted by a lack of resources and space. It might be challenging to uphold boundaries between work and life. Credibility and one’s professional image could also suffer. It’s critical to follow tax and zoning restrictions. To overcome these obstacles, you’ll need self-control, efficient time management, and a productive home office setting.

     

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eldavis
eldavisEnlightened Mentor
Asked: September 16, 2023In: Money & Business

what business books would you recommend for a new entrepreneur?

There are a lot of business that relates to business, where one can read and learn a lot of things. What book would you recommend to a young entrepreneur that would help their career?

There are a lot of business that relates to business, where one can read and learn a lot of things. What book would you recommend to a young entrepreneur that would help their career?

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eldavis
eldavisEnlightened Mentor
Asked: September 16, 2023In: Money & Business

how do you find qualified employees for your business?

When it comes to a business setup, it is one thing to hire workers and it is another to have qualified workers. As a business owner how do you find qualified workers for your business?

When it comes to a business setup, it is one thing to hire workers and it is another to have qualified workers. As a business owner how do you find qualified workers for your business?

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  1. Light
    Best Answer
    Light Trusted Adviser
    Added an answer on September 16, 2023 at 5:27 pm

    There are several steps involved in finding qualified staff. Start by creating a detailed job description and requirements list. Promote positions through company websites, job boards, and social media. Utilize referrals from coworkers and professional networks. Examine resumes, conduct interviews,Read more

    There are several steps involved in finding qualified staff. Start by creating a detailed job description and requirements list. Promote positions through company websites, job boards, and social media. Utilize referrals from coworkers and professional networks. Examine resumes, conduct interviews, and take into account cultural fit, abilities, and experience. When necessary, examine references and run background checks. Finally, to recruit and keep top people for your company, provide competitive pay and benefits.

     

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eldavis
eldavisEnlightened Mentor
Asked: September 22, 2023In: Money & Business

should employees pay for damages done to office materials?

In a situation where office tools or materials gets damaged during working hours, who should be the one to repair it?

In a situation where office tools or materials gets damaged during working hours, who should be the one to repair it?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 22, 2023 at 11:19 am

    It is generally reasonable for employees to be responsible for damages done to office materials that occur due to their own negligence or carelessness. Employees should be accountable for their actions and take responsibility for any damages they have caused. However, it is important for employers tRead more

    It is generally reasonable for employees to be responsible for damages done to office materials that occur due to their own negligence or carelessness. Employees should be accountable for their actions and take responsibility for any damages they have caused. However, it is important for employers to have clear policies and guidelines in place regarding employee liability for damages to ensure fairness and consistency in handling such situations. Ultimately, the decision should be based on the specific circumstances and the company’s policies.

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