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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

eldavis
eldavisEnlightened Mentor
Asked: September 12, 2023In: Money & Business

what role does technology play in a business

for years now there have been lots of talks about how business owners should make use of technology and how technology would revolutionize the business industry. What role does technology really play in business? 

for years now there have been lots of talks about how business owners should make use of technology and how technology would revolutionize the business industry. What role does technology really play in business? 

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 29, 2026 at 5:52 am

    Technology acts as the ultimate multiplier for modern businesses. It drives operational efficiency by automating repetitive tasks, which dramatically reduces human error and overhead costs. Beyond back-office optimization, it breaks down geographical barriers, allowing small startups to reach a globRead more

    Technology acts as the ultimate multiplier for modern businesses. It drives operational efficiency by automating repetitive tasks, which dramatically reduces human error and overhead costs. Beyond back-office optimization, it breaks down geographical barriers, allowing small startups to reach a global customer base via digital marketing and e-commerce. Furthermore, data analytics tools provide deep insights into consumer behavior, empowering managers to make faster, smarter decisions.

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eldavis
eldavisEnlightened Mentor
Asked: September 21, 2023In: Money & Business

how much time do you spend working per day?

How much time do you usually spend working online and offline in a day? For me i do not really have a specific time frame, but most days i usually spend almost the whole day.

How much time do you usually spend working online and offline in a day? For me i do not really have a specific time frame, but most days i usually spend almost the whole day.

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  1. Mika
    Mika Expert Mind
    Added an answer on April 14, 2024 at 4:29 am

    When I had an offline job, I used to work 8 hours a day and 40 hours a week. Sometimes I also did over time and worked for 10 hours but that was occasionally. These days I work online and on average I spend around 10 hours every day, and I work 7 days a week. Sometimes I work even 12 hours in a day.Read more

    When I had an offline job, I used to work 8 hours a day and 40 hours a week. Sometimes I also did over time and worked for 10 hours but that was occasionally. These days I work online and on average I spend around 10 hours every day, and I work 7 days a week. Sometimes I work even 12 hours in a day. Online work requires a lot of time, so I work more these days compared to when I was working offline.

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

what is the most difficult thing about starting your business?

When it comes to running and starting up a business, there are various aspects most business owners and young entrepreneur would find difficult such as capital for startup and the likes. What is the most difficult part of starting a ...Read more

When it comes to running and starting up a business, there are various aspects most business owners and young entrepreneur would find difficult such as capital for startup and the likes. What is the most difficult part of starting a business?

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  1. monster_masterpiece
    monster_masterpiece Newcomer student
    Added an answer on October 28, 2026 at 9:39 am

    There is 3 factors: The domain is saturated. Many people have already started before you. You cannot survive while there is old concurrents that rent in place near of you. You could run in a dummy concept however it is a very hard approach and could not help you solve the problems. Because can't cheRead more

    There is 3 factors:

    The domain is saturated. Many people have already started before you. You cannot survive while there is old concurrents that rent in place near of you.

    You could run in a dummy concept however it is a very hard approach and could not help you solve the problems. Because can’t cherish from others experience.

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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 8, 2023In: Money & Business

what's the cost of starting up a POS business in Nigeria?

Point of sales popularly known as POS is a very common business here in my country Nigeria. Their major services is to help their customers withdraw and transfer funds from their local bank accounts with the use of an ATM ...Read more

Point of sales popularly known as POS is a very common business here in my country Nigeria. Their major services is to help their customers withdraw and transfer funds from their local bank accounts with the use of an ATM card. As at 2017/18 one could easily startup a POS business with just 50k in naira or more. How much does it cost to start up a POS business presently?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 8, 2023 at 7:33 pm

    The cost of starting a POS business in Nigeria can vary depending on various factors such as location, equipment, and additional services offered. However, on average, it can cost between 100,000 to 500,000 naira to set up a POS business. This amount includes purchasing a POS machine, securing necesRead more

    The cost of starting a POS business in Nigeria can vary depending on various factors such as location, equipment, and additional services offered. However, on average, it can cost between 100,000 to 500,000 naira to set up a POS business. This amount includes purchasing a POS machine, securing necessary licenses and permits, marketing, and initial operational expenses. It is always recommended to conduct market research and create a detailed business plan to get a more accurate estimate of the startup costs.

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eldavis
eldavisEnlightened Mentor
Asked: September 25, 2023In: Money & Business

how does your business differ from others

These days we have so many people doing the same business or offering the same services, what makes your business different from others in the same field?

These days we have so many people doing the same business or offering the same services, what makes your business different from others in the same field?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on July 29, 2025 at 9:30 pm

    There are different ways to make your business different. It is up adopt the right features and approaches. First is to Identify Your Unique Selling Proposition so you analyze your product or service and identify what makes it stand out from the competition. focus on the  strengths of your businessRead more

    There are different ways to make your business different. It is up adopt the right features and approaches. First is to Identify Your Unique Selling Proposition
    so you analyze your product or service and identify what makes it stand out from the competition. focus on the  strengths of your business look at  your expertise, resources, and unique capabilities and grow in it

     

    Give your business a facelift by targeting your audience needs and preferences. you would need to Go above and beyond to exceed customer expectations.

    But most importantly have some Unique product features: Offer a feature that competitors don’t have Create a memorable brand that resonates with your target audience.

    Don’t forget to Offer a lower price point while maintaining quality.
    Provide quicker turnaround times than competitors. deliver a superior product or service.

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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 12, 2023In: Money & Business

how do you measure success in your business?

As a business owner how do you measure the success of your business? Is it measured through the amount of customers you have or the numbers of sales you make?

As a business owner how do you measure the success of your business? Is it measured through the amount of customers you have or the numbers of sales you make?

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  1. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    Added an answer on September 12, 2023 at 4:25 pm

    The success of your business is all depends on your performance. What I mean is, you will put more effort and work towards the success of your business. Improve your business audience and train your employees to be active and to approach customers in a good manner. Consider your environmental and soRead more

    The success of your business is all depends on your performance.

    What I mean is, you will put more effort and work towards the success of your business.

    Improve your business audience and train your employees to be active and to approach customers in a good manner.

    Consider your environmental and social impact. Reducing your carbon footprint or contributing positively to your community can be a measure of success.

    You have to have it mine that a successful expansion into new markets or regions can be a sign of growth and success of a business.

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eldavis
eldavisEnlightened Mentor
Asked: September 13, 2023In: Money & Business

has your business changed since you started?

Since the moment you started you business has there been any change? Though my business is not up to the level i want it to be, but there have been a lot of changes since i started. Have there been ...Read more

Since the moment you started you business has there been any change? Though my business is not up to the level i want it to be, but there have been a lot of changes since i started. Have there been any change in your business?

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  1. Ovy
    Ovy Active Contributor Overcomer
    Added an answer on September 13, 2023 at 8:26 pm

    Of course! But you know business changes based on how you manage it, although there is no way you will run a business and it will not change either positively or negatively but as an entrepreneur you should make sure you manage the affairs of your business properly so as to ensure positive change anRead more

    Of course!
    But you know business changes based on how you manage it, although there is no way you will run a business and it will not change either positively or negatively but as an entrepreneur you should make sure you manage the affairs of your business properly so as to ensure positive change and growth. YIu can only do this by applying some skills to the business to attract more clients, also avoiding some business mistakes in other to avoid fall.
    By doing this, your business will change positively and you will be more encouraged to invest more on that business.

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eldavis
eldavisEnlightened Mentor
Asked: September 9, 2023In: Money & Business

how much can a hair dresser make within a month?

Hair dressing or hair stylist as some would call it is one of the popular business around today, there are so many persons into this line of work. How much do hair dressers make per month?

Hair dressing or hair stylist as some would call it is one of the popular business around today, there are so many persons into this line of work. How much do hair dressers make per month?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on April 18, 2024 at 5:40 pm

    This basically depends on a lot of factors like where you live, and how much you charges for your services, if you have employees in your shop you can set a target for them to reach and all you have to do is manage them, if you're a solo salon then you'd have to factor in a lot of things. I think anRead more

    This basically depends on a lot of factors like where you live, and how much you charges for your services, if you have employees in your shop you can set a target for them to reach and all you have to do is manage them, if you’re a solo salon then you’d have to factor in a lot of things.

    I think anything above minimum wage profits is pretty decent because you can live on that and from there you can focus on making more by adding more services.

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