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At my previous work, most of the employees had to buy their own working materials. Personally i feel this is wrong. Do you think the employees are the ones to buy their own tools or should the company provide for ...Read more
At my previous work, most of the employees had to buy their own working materials. Personally i feel this is wrong. Do you think the employees are the ones to buy their own tools or should the company provide for them?
Read lessEvery business owner or entrepreneur have one or more traits that makes them unique and different from the rest, but i believe there are several traits everyone should have in general as an entrepreneur. One of these traits is honestly. ...Read more
Every business owner or entrepreneur have one or more traits that makes them unique and different from the rest, but i believe there are several traits everyone should have in general as an entrepreneur. One of these traits is honestly. These days we have so many entrepreneurs who are not honest in their dealings. What other traits must an entrepreneur have?
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If you want to be a very successful business man then there are things you really should be doing. Here are some traits I think a businessman should have. 1. You should be very honest to your customers and make a very good product or service. 2. You have to be consistent in what you're doing. 3. BeRead more
If you want to be a very successful business man then there are things you really should be doing.
Here are some traits I think a businessman should have.
1. You should be very honest to your customers and make a very good product or service.
2. You have to be consistent in what you’re doing.
3. Be hardworking and try to be updated
4. Be disciplined
I noticed almost all legit business out there have a mission and a vision, most of them even have this stated on their official websites. What is the importance of having a mission and a vision in business?
I noticed almost all legit business out there have a mission and a vision, most of them even have this stated on their official websites. What is the importance of having a mission and a vision in business?
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Statements of vision and mission are important to a legit business so that everyone involved in the organization understand what the organization will achieve and how it will be accomplished. This is about keeping everyone on the same page to go in the same direction". Vision and Mission StatementsRead more
Statements of vision and mission are important to a legit business so that everyone involved in the organization understand what the organization will achieve and how it will be accomplished. This is about keeping everyone on the same page to go in the same direction”.
Vision and Mission Statements provide a framework for decision-making and guide the actions and behaviours of individuals within the business. They are statements which are easily distinguishable by their objectives-
Having a vision places a purpose upon your goal-setting activities. Without an end goal or destination in mind, then you won’t have a clear or defined path. Vision provides this. you can start by setting small, attainable goals as stepping stones.
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Most business owners today have the mindset that once they can get a partner for their business, then every problem or issue about their business would be sorted out easily. Does having a partner actually eliminate all problem in business?
Most business owners today have the mindset that once they can get a partner for their business, then every problem or issue about their business would be sorted out easily. Does having a partner actually eliminate all problem in business?
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Having a partner really makes a difference in business. Like my cousin and his friend started a small cafe together. When one got busy, the other managed things. During tough times...like a customer complaint or power cut they handled it together without panic 😅. They also had someone to share the wRead more
Having a partner really makes a difference in business. Like my cousin and his friend started a small cafe together. When one got busy, the other managed things. During tough times…like a customer complaint or power cut they handled it together without panic 😅. They also had someone to share the wins with and laugh at mistakes. they had small fights sometimes, but mostly it was better because they weren’t alone. So yeah the right partner can make business much easier
See lessMost business owners today and vendors tend to make use of promos as a means of increasing sales. Though this is a great way to make more sales but it could also have a negative effect. How often should business ...Read more
Most business owners today and vendors tend to make use of promos as a means of increasing sales. Though this is a great way to make more sales but it could also have a negative effect. How often should business owners carry out promos?
Read lessKeeping on promo is a way of marketing your product and also to have more customers. But before you give out the promo do you have to make a very nice analysis of your business record to know whether you are financially able to do it. You should make sure that you have a lot of money and proRead more
Keeping on promo is a way of marketing your product and also to have more customers.
But before you give out the promo do you have to make a very nice analysis of your business record to know whether you are financially able to do it.
You should make sure that you have a lot of money and profit from the previous of you have been making.
This is because when you give out promo when you don’t have the capacity to do it in your business might fall
See lessI met someone who said your business as an entrepreneur should not be able to make profit but should also be able to give back to the society. Does your business give back to the society and how?
I met someone who said your business as an entrepreneur should not be able to make profit but should also be able to give back to the society. Does your business give back to the society and how?
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My business has identified the need for Corporate Social Responsibility by giving back to the community. My business is not that big but I give free water every morning to residents of the community. It is a cost on the business because we have to pump the water at a cost. But we just do it as a wayRead more
My business has identified the need for Corporate Social Responsibility by giving back to the community. My business is not that big but I give free water every morning to residents of the community. It is a cost on the business because we have to pump the water at a cost. But we just do it as a way of giving back to the community that we operate in. And we have benefitted very much from it.
See lessWhen it comes to running a business, it would definitely come a time where you would have to deal with account records and the likes, especially when the business starts growing. Should a business owner have accounting skills before starting ...Read more
When it comes to running a business, it would definitely come a time where you would have to deal with account records and the likes, especially when the business starts growing. Should a business owner have accounting skills before starting up a business?
Read lessHaving a very deep knowledge about accounting is not necessarily important to start your business. You must have the basic knowledge of addition and subtraction and also knowing whether you are making profit or loss to run a very good and steady business. This is because without having this knowledgRead more
Having a very deep knowledge about accounting is not necessarily important to start your business.
You must have the basic knowledge of addition and subtraction and also knowing whether you are making profit or loss to run a very good and steady business.
This is because without having this knowledge your business might crumble without you even noticing it.
See lessMost 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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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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I keep hearing people saying that to become an entrepreneur you have to be qualified. Please I want to know, dose qualification have anything to do with enterpreneurship or being a good entrepreneur?
I keep hearing people saying that to become an entrepreneur you have to be qualified. Please I want to know, dose qualification have anything to do with enterpreneurship or being a good entrepreneur?
Read lessTo be a good entrepreneur you need to know about Saving which is allocating funds from your profit for needs shortly without spending it immediately. It serves as a safety cushion for unforeseen expenses that arise in the future in your business Another is that you should do good Investments whichRead more
To be a good entrepreneur you need to know about Saving which is allocating funds from your profit for needs shortly without spending it immediately. It serves as a safety cushion for unforeseen expenses that arise in the future in your business
Another is that you should do good Investments which is about allocating funds to assets that yield returns or income over time and have a risk component.
in business we need to have the knowledge of Both savings and investments as there serve different purposes: savings are typically for short-term security, while investments focus on long-term growth. By combining these two strategies, you can secure your business present needs and prepare for future goals.
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In my country Nigeria, pure water is pretty much free as every homes have access to water but there are cases where we buy bottle water or sachet water commonly known as pure water for various occasions like weddings birthdays ...Read more
In my country Nigeria, pure water is pretty much free as every homes have access to water but there are cases where we buy bottle water or sachet water commonly known as pure water for various occasions like weddings birthdays and the likes. Pure water is a common commodity here in my location. How much would it cost to set up a pure water factory ?
Read lessStarting a pure water (sachet water) factory especially in my country Nigeria will be from 5 million to 15 million Naira But this amount depending mostly on the scale and setup. A basic, smaller setup will be lesser like about 8 million Naira. but advanced factories with multiple machines and higRead more
Starting a pure water (sachet water) factory especially in my country Nigeria will be from 5 million to 15 million Naira
But this amount depending mostly on the scale and setup. A basic, smaller setup will be lesser like about 8 million Naira. but advanced factories with multiple machines and higher production will cost more up 10 million Naira for a start
You would need to buy essential Equipment like Pure water machine(s), Water treatment equipment (Reverse Osmosis, UV sterilization, Water storage tanks: Borehole and water treatment setup: rent etx
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In my opinion, employees shouldn’t have to buy their own work materials. If certain tools are necessary to do the job, it’s the company’s responsibility to provide them. Asking employees to cover these costs can feel unfair and may show a lack of respect for their time and effort. Supplying proper eRead more
In my opinion, employees shouldn’t have to buy their own work materials. If certain tools are necessary to do the job, it’s the company’s responsibility to provide them. Asking employees to cover these costs can feel unfair and may show a lack of respect for their time and effort. Supplying proper equipment is important for supporting staff and helping them perform their best.
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