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eldavis
eldavisEnlightened Mentor
Asked: September 4, 2023In: Money & Business

how do you deal with low sales in your business?

While running a business be it big or small, there are definitely days where you might experience a decline in sales or no sales at all for small business owners. This period can be very frustrating. How do you deal ...Read more

While running a business be it big or small, there are definitely days where you might experience a decline in sales or no sales at all for small business owners. This period can be very frustrating. How do you deal with low sales in your business?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 18, 2024 at 2:59 pm

    To deal with low sales you'll have to be able to restrategize and find out some new ways you can approach sales, there are different ways to sell a product or a service, whenever you experiences failure it just means you're not doing enough. Seek out other channels and channel your energy towards thRead more

    To deal with low sales you’ll have to be able to restrategize and find out some new ways you can approach sales, there are different ways to sell a product or a service, whenever you experiences failure it just means you’re not doing enough.

    Seek out other channels and channel your energy towards that, it is called pivoting in the businesses,and business owners do it all the time.

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

how do you find qualified employees for your business?

When it comes to a business setup, it is one thing to hire workers and it is another to have qualified workers. As a business owner how do you find qualified workers for your business?

When it comes to a business setup, it is one thing to hire workers and it is another to have qualified workers. As a business owner how do you find qualified workers for your business?

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    Best Answer
    Light Trusted Adviser
    Added an answer on September 16, 2023 at 5:27 pm

    There are several steps involved in finding qualified staff. Start by creating a detailed job description and requirements list. Promote positions through company websites, job boards, and social media. Utilize referrals from coworkers and professional networks. Examine resumes, conduct interviews,Read more

    There are several steps involved in finding qualified staff. Start by creating a detailed job description and requirements list. Promote positions through company websites, job boards, and social media. Utilize referrals from coworkers and professional networks. Examine resumes, conduct interviews, and take into account cultural fit, abilities, and experience. When necessary, examine references and run background checks. Finally, to recruit and keep top people for your company, provide competitive pay and benefits.

     

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eldavis
eldavisEnlightened Mentor
Asked: September 5, 2023In: Money & Business

best business to start during the raining season

Over here in my country, we are currently in the raining season, which means there are more rainy days than sunny days. What would you recommend as the best business to start up during this period?

Over here in my country, we are currently in the raining season, which means there are more rainy days than sunny days. What would you recommend as the best business to start up during this period?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 9, 2024 at 7:24 pm

    Any sort of business that is done indoors should be good to go, the reason for this is that if you don't have a good shelter it'll be hard to conduct business under such atmosphere. So i'll definitely look into getting a shop or a shelter or looking at getting into a business that doesn't need to beRead more

    Any sort of business that is done indoors should be good to go, the reason for this is that if you don’t have a good shelter it’ll be hard to conduct business under such atmosphere.

    So i’ll definitely look into getting a shop or a shelter or looking at getting into a business that doesn’t need to be done outdoor, if that’s the only opportunity I have I’ll try to get an umbrella etc.

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eldavis
eldavisEnlightened Mentor
Asked: September 20, 2023In: Money & Business

do you hang out with your team outside the office?

Do you usually hang out with your team members or fellow colleagues after working hours and what’s the advantage of doing this?

Do you usually hang out with your team members or fellow colleagues after working hours and what’s the advantage of doing this?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 7, 2024 at 9:36 am

    Hanging out with your team outside business hours, provides a unique opportunity to bond with your employees and also get to know them beyond the four walls of your office, there are different ways you can organize a hangout. It could be after achieving a business milestone, a birthday celebration oRead more

    Hanging out with your team outside business hours, provides a unique opportunity to bond with your employees and also get to know them beyond the four walls of your office, there are different ways you can organize a hangout.

    It could be after achieving a business milestone, a birthday celebration or a wedding ceremony, it will also build a good team spirit within your organization.

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Debbirise
Debbirise
Asked: August 6, 2023In: Money & Business

How to get a loan as entrepreneur to startup my small business?

I am an entrepreneur from Nigeria, and I need a loan to help me start my own small business. I have a full-time job and also run a side small business. This loan will allow me to purchase additional goods, which ...Read more

I am an entrepreneur from Nigeria, and I need a loan to help me start my own small business.

I have a full-time job and also run a side small business. This loan will allow me to purchase additional goods, which I then plan to resell at a greater price in order to increase the amount of money I make. This will let me repay the loan and keep my business going. I’m an entrepreneur who wants to start a small business. Is it possible for me to get a loan?

I hope you will be able to help me!

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 6, 2024 at 5:48 pm

    There are a lot of ways you can get loan as an entrepreneur, check different websites online for grants and also go an twitter to follow those pages that advertise such stuffs, there's Master Card Foundation grant, Tony Elumelu Foundation grant and Youwin Grant. I think they open yearly, so check thRead more

    There are a lot of ways you can get loan as an entrepreneur, check different websites online for grants and also go an twitter to follow those pages that advertise such stuffs, there’s Master Card Foundation grant, Tony Elumelu Foundation grant and Youwin Grant.

    I think they open yearly, so check them out and apply if it matches with what you’re looking for, you can contact your local bank if there’s any way they can help.

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

what are the disadvantage of having a transportation business?

Transportation is known to be a lucrative business, but at the same time there is no business out there that is without risk and as well disadvantage. What are the disadvantage of owning a transportation business?

Transportation is known to be a lucrative business, but at the same time there is no business out there that is without risk and as well disadvantage. What are the disadvantage of owning a transportation business?

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  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    Added an answer on May 31, 2024 at 1:52 am

    Actually owning a transportation business comes with its fair share of challenges. These may include high operating costs such as fuel, maintenance, and insurance expenses. Additionally, there are regulatory requirements to comply with, such as licensing, permits, and safety standards, which can beRead more

    Actually owning a transportation business comes with its fair share of challenges. These may include high operating costs such as fuel, maintenance, and insurance expenses. Additionally, there are regulatory requirements to comply with, such as licensing, permits, and safety standards, which can be complex and time-consuming. Competition can also be fierce in the transportation industry, making it difficult to stand out and maintain consistent profitability. Furthermore, fluctuating fuel prices and economic downturns can impact the bottom line of the business.

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

what are the benefits of running a partnership business

I have heard about a lot of people talk about running a partnership business, there are does who are okay with this and there are does who are not. What are the benefits of running a partnership business?

I have heard about a lot of people talk about running a partnership business, there are does who are okay with this and there are does who are not. What are the benefits of running a partnership business?

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  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    Added an answer on May 30, 2024 at 4:32 am

    Actually running a partnership business offers several benefits, including shared responsibility, access to a wider pool of skills and expertise, potential tax advantages, and easier access to capital through combined resources and shared financial burden. Additionally, partnerships often foster strRead more

    Actually running a partnership business offers several benefits, including shared responsibility, access to a wider pool of skills and expertise, potential tax advantages, and easier access to capital through combined resources and shared financial burden. Additionally, partnerships often foster strong relationships and trust between partners, which can be valuable in navigating business challenges and making strategic decisions.

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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 22, 2023In: Money & Business

how do you handle crisis in your business setup?

In a business setup, crisis are bound to happen one way or another, you are working with different people who have different backgrounds, beliefs and understanding so there would definitely different ideas. How do you normally handle crisis you your ...Read more

In a business setup, crisis are bound to happen one way or another, you are working with different people who have different backgrounds, beliefs and understanding so there would definitely different ideas. How do you normally handle crisis you your business?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on April 28, 2024 at 4:12 pm

    Yes, crisis will always come in business the best bet is to tackle it from the root. you just have to know the problems that is bringing the crisis and try to work it out by bringing up solutions that can help quench the crisis. You don't have to only bring in solutions but execute them. if you needRead more

    Yes, crisis will always come in business the best bet is to tackle it from the root. you just have to know the problems that is bringing the crisis and try to work it out by bringing up solutions that can help quench the crisis.

    You don’t have to only bring in solutions but execute them. if you need to bring in professionals to help out don’t hesitate they might just be the help you need at that point.

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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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