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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

eldavis
eldavisEnlightened Mentor
Asked: September 17, 2023In: Money & Business

building a business or buying one which is easier?

There are people who prefer building their business from the very beginning, then there are does who tend to buy an already established business then make it their own. Between building a business from scratch or buying one which is ...Read more

There are people who prefer building their business from the very beginning, then there are does who tend to buy an already established business then make it their own. Between building a business from scratch or buying one which is better?

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  1. spencer
    Best Answer
    spencer Enlightened Mentor
    Added an answer on April 25, 2024 at 12:36 pm

    This depends on your experience and what you want out of the business, if you are busy and you're looking for a business to start then buying a already established business is the way to go, while if you are young and have enough time on your hand you can go ahead and build one. If I'm to vote, I'llRead more

    This depends on your experience and what you want out of the business, if you are busy and you’re looking for a business to start then buying a already established business is the way to go, while if you are young and have enough time on your hand you can go ahead and build one.

    If I’m to vote, I’ll vote for building a business over and over, because the experience you Garner is immeasurable and it gives you credibility.

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eldavis
eldavisEnlightened Mentor
Asked: September 23, 2023In: Money & Business

how do you handle uncertainty and fear in business?

one thing affecting so many business men and entrepreneurs today is the fear of the unknown. Due to fear a lot of persons have refused to take a step further in growing their business. As an experienced entrepreneur, how do ...Read more

one thing affecting so many business men and entrepreneurs today is the fear of the unknown. Due to fear a lot of persons have refused to take a step further in growing their business. As an experienced entrepreneur, how do you deal with fear and uncertainty? 

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 3, 2026 at 7:56 am

    Fear and uncertainty are part of every business journey—you can’t eliminate them, but you can manage them. Start by turning fear into information: research your market, test ideas in small steps, and learn from feedback. Set clear but flexible goals so you can adjust when things change. Focus on whaRead more

    Fear and uncertainty are part of every business journey—you can’t eliminate them, but you can manage them. Start by turning fear into information: research your market, test ideas in small steps, and learn from feedback. Set clear but flexible goals so you can adjust when things change. Focus on what you can control, not what you can’t. Build confidence through action—each small win reduces fear. Finally, accept that failure is not the end, but a lesson that sharpens your next move.

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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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Alex Johnson
Alex JohnsonNewcomer
Asked: September 12, 2023In: Money & Business

What are the good qualities of an entrepreneur?

What are those good qualities an entrepreneur need to adapt to in order to have a successful business? As you all know an entrepreneurial journey is not an easy one

What are those good qualities an entrepreneur need to adapt to in order to have a successful business?

As you all know an entrepreneurial journey is not an easy one

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  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    Added an answer on May 25, 2024 at 5:05 pm

    A good entrepreneurs building and nurturing relationships with others in their industry or related fields can open doors to opportunities, collaborations, and valuable insights. An entrepreneurs often possess qualities such as resilience, creativity, adaptability, determination, leadership, and a wiRead more

    A good entrepreneurs building and nurturing relationships with others in their industry or related fields can open doors to opportunities, collaborations, and valuable insights.
    An entrepreneurs often possess qualities such as resilience, creativity, adaptability, determination, leadership, and a willingness to take calculated risks. They also tend to be excellent communicators, problem-solvers, and have a strong sense of vision and passion for their endeavors.

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eldavis
eldavisEnlightened Mentor
Asked: September 14, 2023In: Money & Business

do you have any regrets since you became a business owner?

Most business owners today started off as employees working under someone, then from there they decide to grow their own business. Its a lot easier to work under someone than have a business of your own. Have you ever regretted ...Read more

Most business owners today started off as employees working under someone, then from there they decide to grow their own business. Its a lot easier to work under someone than have a business of your own. Have you ever regretted starting up your own business?

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 10, 2025 at 12:16 pm

    I have no regrets so far and I don't mean to say this because I have not made any mistakes buy because I have learnt that it is not always all perfect and that sometimes you actually need to.make those mistakes for you to get it right. It is important to understand that sometimes you need to learn fRead more

    I have no regrets so far and I don’t mean to say this because I have not made any mistakes buy because I have learnt that it is not always all perfect and that sometimes you actually need to.make those mistakes for you to get it right. It is important to understand that sometimes you need to learn from.your mistakes. This does not insinuate anything like you to go ahead and put yourself in any kind of trouble because you want to make a mistake and learn from it it

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

who are my target audience as a graphic designer?

Knowing your target audience plays a very important role in every business. It helps you create effective strategies to market your products and services. As a graphic designer, who are my target audience?

Knowing your target audience plays a very important role in every business. It helps you create effective strategies to market your products and services. As a graphic designer, who are my target audience?

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  1. Inem
    Inem Knowledge Seeker
    Added an answer on September 21, 2023 at 6:34 pm

    Graphics design has a very wide market that one can even decide to focus on a niche target market. The biggest market for graphics design are churches now. They are always in constant demands almost on a weekly basis to promote their events and programs online and offline. If you can target and haveRead more

    Graphics design has a very wide market that one can even decide to focus on a niche target market. The biggest market for graphics design are churches now. They are always in constant demands almost on a weekly basis to promote their events and programs online and offline. If you can target and have two to three trending churches as constant clients, that is a huge market.

    The next target market is schools. They need graphics to advertise and the demand is high. We also have music artists that need graphics for cover arts and then businesses that need graphics for adverts, logo and stickers.

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eldavis
eldavisEnlightened Mentor
Asked: September 14, 2023In: Money & Business

do you plan on running your current business for years?

I have met some business owners and entrepreneurs who have said their customer business is only for a specific period of time, after that they plan on going into something else. I know of someone who owned a ...Read more

I have met some business owners and entrepreneurs who have said their customer business is only for a specific period of time, after that they plan on going into something else. I know of someone who owned a barbing salon fot years only to later change it to a gaming center later on. Do you plan on running your current business for long?

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  1. Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 14, 2023 at 4:59 pm

    Continuity should absolutely be one of the objective of a business owner or manager when he or she establishes a business idea. There is absolutely no individual who intends establishing a business today and wishes to close the business possibly within a week but rather he or she expect the businessRead more

    Continuity should absolutely be one of the objective of a business owner or manager when he or she establishes a business idea. There is absolutely no individual who intends establishing a business today and wishes to close the business possibly within a week but rather he or she expect the business to keep on bringing in imports and profits for years. If I were to establish a business this basically would be one of my most important objective. However this will require a whole lot of work on my part and I am fully aware of this.

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eldavis
eldavisEnlightened Mentor
Asked: September 24, 2023In: Money & Business

does culture influence the rules and values of a company?

every business has its rules and regulations, do you think the culture of the business location has an effect on the kind of rules and regulations set by the business owner? 

every business has its rules and regulations, do you think the culture of the business location has an effect on the kind of rules and regulations set by the business owner? 

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 20, 2026 at 7:48 am

    Yes, culture can strongly influence the rules and values of a company. Businesses often create policies based on the traditions, beliefs, and behavior of the people in their environment. For example, in some cultures, punctuality and strict discipline are highly valued, while others focus more on teRead more

    Yes, culture can strongly influence the rules and values of a company. Businesses often create policies based on the traditions, beliefs, and behavior of the people in their environment. For example, in some cultures, punctuality and strict discipline are highly valued, while others focus more on teamwork and relationships. Culture can also affect communication style, dress code, customer service, and employee treatment. A company that understands local culture usually builds better trust with workers and customers, which helps the business grow successfully.

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

is a popcorn and ice cream shop a lucrative business?

A friend of mine is thinking of starting a popcorn and ice cream business, do you think this would be a lucrative business to startup?

A friend of mine is thinking of starting a popcorn and ice cream business, do you think this would be a lucrative business to startup?

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  1. Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 4:08 am

    It is not possible to answer this question with a yes and no answer. There are a lot of factors that should be considered while determining whether your business will be lucrative or not. Some of the factors are: competitors in the market, the market size, the demand, the supply, skills and knowledgRead more

    It is not possible to answer this question with a yes and no answer. There are a lot of factors that should be considered while determining whether your business will be lucrative or not. Some of the factors are: competitors in the market, the market size, the demand, the supply, skills and knowledge you gave, resources you have, etc. Check your market to determine the profitability

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

Have you ever bought a business before?

As a business owner or entrepreneur,Have you ever bought an existing business or a company before? What was your reason for buying it.

As a business owner or entrepreneur,Have you ever bought an existing business or a company before? What was your reason for buying it.

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on June 7, 2026 at 4:28 am

    I don't. But,starting with someone else's business might save time instead of building from nothing - getting clients, income, tools, and name recognition right away. People often buy companies to enter fresh markets, boost earnings, take hold of useful resources, or bring experienced workers onboarRead more

    I don’t. But,starting with someone else’s business might save time instead of building from nothing – getting clients, income, tools, and name recognition right away. People often buy companies to enter fresh markets, boost earnings, take hold of useful resources, or bring experienced workers onboard. Watch the numbers closely though – the history of money owed, public standing, future chances, and hidden risks need clear eyes before any deal closes.

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