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eldavis
eldavisEnlightened Mentor
Asked: September 10, 2023In: Money & Business

Is tiger nut drink production business be lucrative?

Tiger nut drink is a popular drink here in Nigeria made from tiger nut. It is popularly known as kunu. Would starting up a tiger nut drink production and sales be a lucrative business?

Tiger nut drink is a popular drink here in Nigeria made from tiger nut. It is popularly known as kunu. Would starting up a tiger nut drink production and sales be a lucrative business?

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  1. Light
    Light Trusted Adviser
    Added an answer on August 8, 2024 at 5:55 pm

    You are considering entering business with tiger nuts drink. That can actually be wise. It is tasty, it is healthy and there will always be consumers for natural produce especially when it comes to drinks. More to the point, it does not costs much to establish; The returns which you stand to receiveRead more

    You are considering entering business with tiger nuts drink. That can actually be wise. It is tasty, it is healthy and there will always be consumers for natural produce especially when it comes to drinks. More to the point, it does not costs much to establish; The returns which you stand to receive are highly likely to be good, provided you maintain the quality and market them well.

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eldavis
eldavisEnlightened Mentor
Asked: September 10, 2023In: Money & Business

how can i increase sales in hibiscus drink production?

Hibiscus drink is a drink made from hibiscus flower commonly known as zobo. This is a very popular and cheap drink that can be made in different flavors like pineapple and the likes. How can i increase sales in this ...Read more

Hibiscus drink is a drink made from hibiscus flower commonly known as zobo. This is a very popular and cheap drink that can be made in different flavors like pineapple and the likes. How can i increase sales in this business?

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  1. Inem
    Inem Knowledge Seeker
    Added an answer on August 3, 2024 at 11:15 am

    From what I have experienced being a regular consumer of this product, one thing that would surely help this business to increase sales is the quality of the zobo drink. When your zobo drink is tasty, people would love it, talk about it and recommend it on the streets. That's the primary way to incrRead more

    From what I have experienced being a regular consumer of this product, one thing that would surely help this business to increase sales is the quality of the zobo drink. When your zobo drink is tasty, people would love it, talk about it and recommend it on the streets. That’s the primary way to increase sales of zobo drink. You would even get recommendations to supply for events if it is confirmed that your zobo is good tasting.

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

what is the best way to track employee performance?

In a business setup, employee performance matters a lot. In a situation where the performance of the employees are poor, it would lead to the fall of the business. How do you track the performance of your employees?

In a business setup, employee performance matters a lot. In a situation where the performance of the employees are poor, it would lead to the fall of the business. How do you track the performance of your employees?

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    Best Answer
    Abigael Trusted Adviser Abigael
    Added an answer on July 26, 2024 at 8:13 am

    Tracking employee performance is very important indeed. It is one of the best ways to keep them performing well and having motivation to keep doing what is right. One great way to monitor their performance is by having employee appraisal periodically. During such a time, you assess what employees haRead more

    Tracking employee performance is very important indeed. It is one of the best ways to keep them performing well and having motivation to keep doing what is right. One great way to monitor their performance is by having employee appraisal periodically. During such a time, you assess what employees have been doing all along, what achievements they have had and what they wish to do well in future. Another great way to assess employee performance is giving them tasks and seeing how they finish them, this will tell you if they are working well or not.

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

how do i deal with competition in a catering service business?

Catering service is a very common and lucrative business here in my location, but the major problem is the amount of people who are into it. At present there is a very high level of competition in catering service. How ...Read more

Catering service is a very common and lucrative business here in my location, but the major problem is the amount of people who are into it. At present there is a very high level of competition in catering service. How do i deal with the competition and stay at the top.

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    Abigael Trusted Adviser Abigael
    Added an answer on July 26, 2024 at 7:27 am

    The catering business is very common indeed, there is so much competition there. But it is also a lucrative business because people need food everyday. In order to survive through the competition, you need to make your business as unique as possible. Offer a variety of foods at affordable prices. AlRead more

    The catering business is very common indeed, there is so much competition there. But it is also a lucrative business because people need food everyday. In order to survive through the competition, you need to make your business as unique as possible. Offer a variety of foods at affordable prices. Also, choose your target audience well so as to set up the business in a good location. You could choose to sell food to people in offices or around a construction site. That way, you build a customer base that always buys from you.

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

biggest challenge employees face and how to overcome it.

Every business has its own challenge. While the business owner might be faced with certain challenges, the employees also have their own challenges such as meeting up with deadlines or creating a balance between their work life and business life. ...Read more

Every business has its own challenge. While the business owner might be faced with certain challenges, the employees also have their own challenges such as meeting up with deadlines or creating a balance between their work life and business life. What was the biggest challenge you faced or you are currently facing as an employee and how do you over come them?

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  1. Inem
    Inem Knowledge Seeker
    Added an answer on July 23, 2024 at 1:10 am

    Being an employee and working in a high pressure industry can be quite challenging to an employee. One major challenge that employees face is taking the fall for failure of the business leadership and being put under pressure for those same failures. Materials and mobilisation for a task would be reRead more

    Being an employee and working in a high pressure industry can be quite challenging to an employee. One major challenge that employees face is taking the fall for failure of the business leadership and being put under pressure for those same failures. Materials and mobilisation for a task would be released quite late and the employees are expected to work magic to meet up with datelines within a short period. That could be very demoralising.

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

Are you increasing your price for products and services?

Presently the economy is no where near friendly, the price of goods and commodities has gone up. Almost every business owner in my area is increasing the price of their services and products. Have you increased yours, or do you ...Read more

Presently the economy is no where near friendly, the price of goods and commodities has gone up. Almost every business owner in my area is increasing the price of their services and products. Have you increased yours, or do you think retaining your old price while others increase there’s would generate more sales for you?

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  1. Inem
    Inem Knowledge Seeker
    Added an answer on July 18, 2024 at 6:04 pm

    There is nothing that we can do as business people than to raise the prices of our products. The prices of inputs are steadily increasing and we don't have any other option as business people than to effect a price increase in our products or we would be out of business. I have already increased theRead more

    There is nothing that we can do as business people than to raise the prices of our products. The prices of inputs are steadily increasing and we don’t have any other option as business people than to effect a price increase in our products or we would be out of business. I have already increased the price of my birds for my poultry farm. A 2kg live chicken now sells for $3.5 from in my farm from the $2 we used to sell sometime ago. Increase in prices of products by businesses is a cause and effect thing.

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

how do you improve the performance of your employees?

Employees are an important part of every business, without them the business would not be able to function well as the business owner would not be able to do everything on his/her own. How do you improve the performance of ...Read more

Employees are an important part of every business, without them the business would not be able to function well as the business owner would not be able to do everything on his/her own. How do you improve the performance of your employees in a business setup?

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  1. Inem
    Inem Knowledge Seeker
    Added an answer on July 14, 2024 at 5:08 pm

    You have to keep your employees motivated to keep them performing their job roles and tasks at a consistent high level. One of the best way is to offer a competitive living wage to your employees. When they are able to earn a pay that can earn them a living, they would value their jobs and perform cRead more

    You have to keep your employees motivated to keep them performing their job roles and tasks at a consistent high level. One of the best way is to offer a competitive living wage to your employees. When they are able to earn a pay that can earn them a living, they would value their jobs and perform consistently at a high level. And also, there should be frequent pay rise. It also keeps staff motivated.

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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 13, 2023In: Money & Business

is it wrong to message my contacts about my business?

Sometime back i heard someone say it is wrong to message your contacts or send them message in from of broadcast and the likes about your business, that it makes you seem desperate. While there are others who believe being ...Read more

Sometime back i heard someone say it is wrong to message your contacts or send them message in from of broadcast and the likes about your business, that it makes you seem desperate. While there are others who believe being consistent in messaging all your contacts from time to time is a great way to get new customers. Do you think it is wrong to message strangers and all your contacts about your business?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 1, 2024 at 8:33 pm

    Yes, I think it is wrong because you're infringing on their privacy, there are some ways you can approach them about your new business without spamming their inbox with a lot of promotional content, it is annoying put yourself in their shoes. You can tell them one on one or send them a soft messageRead more

    Yes, I think it is wrong because you’re infringing on their privacy, there are some ways you can approach them about your new business without spamming their inbox with a lot of promotional content, it is annoying put yourself in their shoes.

    You can tell them one on one or send them a soft message about your new business, where you should go ballistic is on your target audience.

     

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eldavis
eldavisEnlightened Mentor
Asked: September 1, 2023In: Money & Business

What do you enjoy most about your business

We often talk a lot about the problems associated with running a business or being an entrepreneur, but we often talk about the good parts. As an entrepreneur, what do you like or enjoy most about your business.

We often talk a lot about the problems associated with running a business or being an entrepreneur, but we often talk about the good parts. As an entrepreneur, what do you like or enjoy most about your business.

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 24, 2024 at 4:54 pm

    I'm still trying to build my business and bring it online, but just by merely working on it, it gives me the feeling of freedom and control, I still have a long way to go but I believe I can figure it out as I move forward. I think starting a business is one of the most positive things people need tRead more

    I’m still trying to build my business and bring it online, but just by merely working on it, it gives me the feeling of freedom and control, I still have a long way to go but I believe I can figure it out as I move forward.

    I think starting a business is one of the most positive things people need to experience in their life times, it’s a feeling to cherish.

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