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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

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

what are your goals as an entrepreneur?

Is an entrepreneur it is important to have goals for your business. Currently my goals is to ensure my brand becomes a household name. What are your goals as a business owner or entrepreneur?

Is an entrepreneur it is important to have goals for your business. Currently my goals is to ensure my brand becomes a household name. What are your goals as a business owner or entrepreneur?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 21, 2023 at 4:33 pm

    My goals as an entrepreneur are to create a successful and sustainable business. I aim to provide innovative products or services that meet customer needs and have a positive impact on their lives. Additionally, I aspire to build a strong team and company culture that fosters growth and collaboratioRead more

    My goals as an entrepreneur are to create a successful and sustainable business. I aim to provide innovative products or services that meet customer needs and have a positive impact on their lives. Additionally, I aspire to build a strong team and company culture that fosters growth and collaboration. Ultimately, I want to make a meaningful contribution to the market while achieving personal and financial fulfillment.

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

is there such a thing as working too hard in business?

When if comes to running w business, especially during the early stage, the business owner needs to work hard to ensure the business does not crash. Is it possible for a business owner to overwork themselves in this stage? Or ...Read more

When if comes to running w business, especially during the early stage, the business owner needs to work hard to ensure the business does not crash. Is it possible for a business owner to overwork themselves in this stage? Or is there a thing like working too hard?

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  1. Light
    Light Trusted Adviser
    Added an answer on September 14, 2023 at 5:07 pm

    Yes, working excessively hard can have bad effects on your business. While commitment is important, overworking can result in burnout and have a negative influence on both physical and mental health. Relationships could be strained, and productivity could suffer. Long-term success depends on findingRead more

    Yes, working excessively hard can have bad effects on your business. While commitment is important, overworking can result in burnout and have a negative influence on both physical and mental health. Relationships could be strained, and productivity could suffer. Long-term success depends on finding a balance between work and personal obligations. Effective work, delegation, and regular breaks can help businesses avoid the negative impacts of long workdays.

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

what business can a graduate in Education startup?

What kind of business can an individual who has a degree in education actually startup? I know someone who was given admission to study education in the university of benin Edo state Nigeria but is rather reluctant because he feels ...Read more

What kind of business can an individual who has a degree in education actually startup? I know someone who was given admission to study education in the university of benin Edo state Nigeria but is rather reluctant because he feels there are no much opportunities in this field.

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on August 5, 2025 at 5:29 am

    A graduate in education can start various businesses leveraging their knowledge and skills. He can start with online tutoring,Offer personalized online tutoring services in specific subjects or for test preparation (SAT, ACT, etc He can also go into curriculum development, educational workshops, eduRead more

    A graduate in education can start various businesses leveraging their knowledge and skills. He can start with online tutoring,Offer personalized online tutoring services in specific subjects or for test preparation (SAT, ACT, etc

    He can also go into curriculum development, educational workshops, educational counseling, and creating educational resources like online courses or learning apps.

    He can also explore businesses in educational consulting, test preparation, or even develop educational toys or games to sell either online or offline

     

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

posting of memes and funny videos on my business account?

During a business class, one of the speakers said it was wrong to post memes and funny videos on your business account, that it makes you look less serious to your customers. Personally i think posting memes once in awhile ...Read more

During a business class, one of the speakers said it was wrong to post memes and funny videos on your business account, that it makes you look less serious to your customers. Personally i think posting memes once in awhile makes your post more lively and enjoyable. What’s your take on this?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 5, 2024 at 2:37 pm

    Yes, it actually increase engagement on your platform and make people visit your page often, if you just keep on posting business stuff, it might seem boring for your customers or clients, all work no play makes jack a dull boy. So you can be mixing it with a little bit fun and also do some quizzesRead more

    Yes, it actually increase engagement on your platform and make people visit your page often, if you just keep on posting business stuff, it might seem boring for your customers or clients, all work no play makes jack a dull boy.

    So you can be mixing it with a little bit fun and also do some quizzes and give away it will bring more people to your page and will always await your post which you can use as a leverage.

     

     

     

     

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

the worse challenge you had to go through in your business?

As a business owner, we are bound to face certain challenges while running the business, what was the worse challenge you have had to face in your business so far?

As a business owner, we are bound to face certain challenges while running the business, what was the worse challenge you have had to face in your business so far?

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 6, 2025 at 1:24 pm

    I think that personally one of the most challenging issues that I have is in the area of getting customers because my kind of business is one that requires you to really do a lot of work when it comes to publicizing and making your skill known to people. So it has not really been very easy for me toRead more

    I think that personally one of the most challenging issues that I have is in the area of getting customers because my kind of business is one that requires you to really do a lot of work when it comes to publicizing and making your skill known to people.

    So it has not really been very easy for me to do that but then with time I believe that it is getting better and then more and more people are now patronizing

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

between men and women clothing, which is more lucrative?

Clothing is one of the basic necessities we need as human, selling cloths can be a very lucrative business, especially when you have a solid customer base. Between selling of women cloths and that of men, which would you consider ...Read more

Clothing is one of the basic necessities we need as human, selling cloths can be a very lucrative business, especially when you have a solid customer base. Between selling of women cloths and that of men, which would you consider to be more lucrative?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on June 9, 2026 at 1:24 am

    Most times, women's fashion brings in more money due to wider choices, quicker shifts in what's popular, while shoppers refill their wardrobes often. Because of this, stores can suggest costlier items, leading to bigger profits per sale. On the flip side, men’s wear stays steadier - styles change leRead more

    Most times, women’s fashion brings in more money due to wider choices, quicker shifts in what’s popular, while shoppers refill their wardrobes often. Because of this, stores can suggest costlier items, leading to bigger profits per sale. On the flip side, men’s wear stays steadier – styles change less, buying happens at longer gaps, though repeat visits happen less. Success usually comes when blending both, aiming toward one clear group without spreading too thin.

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

How do you generate customer referrals

I have seen cases where customers refer a particular business to someone else, how do you get your customers to refer your business to others?

I have seen cases where customers refer a particular business to someone else, how do you get your customers to refer your business to others?

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  1. Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:33 pm

    Generating customer referrals is not any kind of rocket science knowledge, but to successfully generate referrals to your business through your present customers you must make sure that the goods and services in which your present customers purchase meet their needs and wants perfectly. Customers anRead more

    Generating customer referrals is not any kind of rocket science knowledge, but to successfully generate referrals to your business through your present customers you must make sure that the goods and services in which your present customers purchase meet their needs and wants perfectly. Customers and clients to a business organisation are ready to give the business organisation their loyalty and trust if and only if the business organisation satisfy their needs and wants perfectly through the selling of goods and services. That obviously demands that the business organisation sales and render high quality and reliable goods and services to customers and clients, so that when their needs and wants are met, they will always want to tell their family members friends or colleagues about such a wonderful products your business offers. On the other hand you can earn customer referrals through word-of-mouth interaction with your present customers, by openly telling them to also tell their friends and family members about your products.

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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 22, 2023In: Money & Business

are you comfortable taking risk in your business?

When it comes to business, there is usually one from of risk or the other. There are does who consider themselves risk takers, while there are others who do not take risk. Are you are risk taker?

When it comes to business, there is usually one from of risk or the other. There are does who consider themselves risk takers, while there are others who do not take risk. Are you are risk taker?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on May 2, 2026 at 1:30 pm

    I’d say I’m a careful risk taker. In business, avoiding risk completely usually keeps you stuck, but taking too much can destroy you fast. So I prefer taking small, controlled risks where I’ve done my homework and can still stand if it fails. The goal isn’t to be fearless it’s to be smart enough toRead more

    I’d say I’m a careful risk taker. In business, avoiding risk completely usually keeps you stuck, but taking too much can destroy you fast. So I prefer taking small, controlled risks where I’ve done my homework and can still stand if it fails. The goal isn’t to be fearless it’s to be smart enough to risk what you can recover, not what you can’t afford to lose.

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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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