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Light
LightTrusted Adviser
Asked: May 8, 2024In:

I save my money on the bank but sometimes I wonder if I am doing the right thing, bank is not totally safe. You can leave your money in the bank for 6 months and have the exact amount it ...Read more

I save my money on the bank but sometimes I wonder if I am doing the right thing, bank is not totally safe. You can leave your money in the bank for 6 months and have the exact amount it will rather lose value, even the security aspect is not guaranteed. Unnecessary deductions and more. I would rather convert my money to a more stable currency over a period of time or even invest it.

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businessmoneysavings
  1. Fidelia
    Fidelia Newcomer

    The best place to save money is a commercial bank that has been registered with the government. Any of such commercial bank have depositors' funds insured. They also have a reserve ratio kept with the apex bank of the country. With those kinds of banks, your savings are 98% safe. I have seen individRead more

    The best place to save money is a commercial bank that has been registered with the government. Any of such commercial bank have depositors’ funds insured. They also have a reserve ratio kept with the apex bank of the country. With those kinds of banks, your savings are 98% safe. I have seen individuals that saved with such banks recover their funds even when the banks liquidated.

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Light
LightTrusted Adviser
Asked: July 24, 2024In:

Are there no ways of making money or getting wealthy without taking risks? It seems every good thing is built on risk on earth, why is it so?

Are there no ways of making money or getting wealthy without taking risks? It seems every good thing is built on risk on earth, why is it so?

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businessinvestmentmoney
  1. Carpon
    Carpon Expert Mind Hustler

    Taking a risk is not very unusual because in life you have to take one or more risk at one point or the other. What it means is that on your path to gaining wealth and becoming rich, there are risks that you need to take even though you don't always have to take risks but you don't have to take bigRead more

    Taking a risk is not very unusual because in life you have to take one or more risk at one point or the other. What it means is that on your path to gaining wealth and becoming rich, there are risks that you need to take even though you don’t always have to take risks but you don’t have to take big risks, but then it is a normal thing to take a risk and sometimes that is what builds your capacity to do things that will yield massive results. Taking off risks actually exposes you to so many things that might seem uncertain but taking them will make you better at making choices in life

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Light
LightTrusted Adviser
Asked: September 22, 2023In:

Businesses can adapt to shifting market trends by adopting innovative practices, embracing new ideas, making quick decisions, and continually assessing and adapting their strategy to take into account shifting consumer preferences and market conditions.

Businesses can adapt to shifting market trends by adopting innovative practices, embracing new ideas, making quick decisions, and continually assessing and adapting their strategy to take into account shifting consumer preferences and market conditions.

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businessmoney
  1. De Mogul
    De Mogul Expert Mind A student

    As a business man know when the market trends is changing is a very important. This is because you will start thinking of what to do immediately to save your business from a possible shrinking. Also knowing what to do too is also very nice . When the market trending is shifting then you have to thinRead more

    As a business man know when the market trends is changing is a very important.
    This is because you will start thinking of what to do immediately to save your business from a possible shrinking.

    Also knowing what to do too is also very nice .
    When the market trending is shifting then you have to think Fast and very smart to make things work.

    Rebrand and repackage your product to make them fit the current Market.

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yusra
yusraTrusted Adviser
Asked: September 15, 2023In:

With so many demands on our income, from monthly bills to unexpected expenses, what strategies and tools can individuals use to thoughtfully craft a budget, manage debt, save and invest wisely, and achieve short and long term financial goals that ...Read more

With so many demands on our income, from monthly bills to unexpected expenses, what strategies and tools can individuals use to thoughtfully craft a budget, manage debt, save and invest wisely, and achieve short and long term financial goals that provide security now and in the future?

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budgetfinanceincomemoneyplans
  1. De Mogul
    De Mogul Expert Mind A student

    If you want to come up with a very nice and realistic financial plan you have to first of all make a list of how much is paid in a month versus how much you spend in the same month.   This will help you know the amount of money left after your monthly expenditure. After that you have to save aRead more

    If you want to come up with a very nice and realistic financial plan you have to first of all make a list of how much is paid in a month versus how much you spend in the same month.

     

    This will help you know the amount of money left after your monthly expenditure.

    After that you have to save a percentage of that money. The rest should be kept for emergency purpose that might come up unexpected.

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Light
LightTrusted Adviser
Asked: August 1, 2024In:

How do you know if your credit score is low so you get a hint of your response when you go get a loan rather than being in shock or embarrassed when you are told?

How do you know if your credit score is low so you get a hint of your response when you go get a loan rather than being in shock or embarrassed when you are told?

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debtloanmoney
  1. Augusta
    Augusta Enlightened Mentor

    You can check with credit bureau's The CRC Credit Report will show credit history for the past six (6) years. Like in Nigeria, the Central Bank of Nigeria has mandated that CRC Credit Bureau will retain customers credit history for ten (10) years. from your credit report you would establish the trutRead more

    You can check with credit bureau’s The CRC Credit Report will show credit history for the past six (6) years. Like in Nigeria, the Central Bank of Nigeria has mandated that CRC Credit Bureau will retain customers credit history for ten (10) years.

    from your credit report you would establish the truth  but if not you can Dial the USSD code *565*8# on your mobile phone to get instant Credit reports from the Credit Bureau.

    So you need to Contact a credit bureau. You can obtain a copy of your credit report from one of the major credit bureaus like places like TransUnion, Experian, or Compuscan, Provide identification.Request a credit report and Review your credit report. …

     

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Light
LightTrusted Adviser
Asked: September 19, 2023In:

Understanding client needs, providing high-quality goods or services, providing outstanding customer service, remaining innovative, and consistently looking for chances for development and improvement are all essential to adding value to your company.

Understanding client needs, providing high-quality goods or services, providing outstanding customer service, remaining innovative, and consistently looking for chances for development and improvement are all essential to adding value to your company.

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businessmoney
  1. Augusta
    Augusta Enlightened Mentor

    There are different ways to add value to your business, focus on enhancing the customer experience, differentiating your offerings, and building a strong brand. You can start with Streamlining the buying process, whether it's online or in-store, to reduce friction and make it convenient for customerRead more

    There are different ways to add value to your business, focus on enhancing the customer experience, differentiating your offerings, and building a strong brand. You can start with Streamlining the buying process, whether it’s online or in-store, to reduce friction and make it convenient for customers.

    You can also achieved this by improving customer service, offering unique products or services, and creating a positive brand perception through marketing.

    Remember to provide excellent support, address issues promptly, and go the extra mile to ensure customer satisfaction.

     

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eldavis
eldavisEnlightened Mentor
Asked: September 11, 2023In:

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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businessentrepreneurmoney
  1. Augusta
    Augusta Enlightened Mentor

    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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eldavis
eldavisEnlightened Mentor
Asked: September 2, 2023In:

I believe the goal and aim of every business owner is to be successful and make profit. As a business owner what can i use to measure the success and growth of my business?

I believe the goal and aim of every business owner is to be successful and make profit. As a business owner what can i use to measure the success and growth of my business?

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businessmoneysuccess
  1. Inem
    Inem Knowledge Seeker

    Any business that has been able to sell and make profits is already successful. What should be measured rather is the business growth. And there are two indicators to that. One parameter is the increase in scale of operations. If a business that used to sell 5 units in six months has had increased dRead more

    Any business that has been able to sell and make profits is already successful. What should be measured rather is the business growth. And there are two indicators to that.

    One parameter is the increase in scale of operations. If a business that used to sell 5 units in six months has had increased demand and is able to sell seven or eight within the same timeframe, it’s profits would increase and that is certainly growth viz a viz increased business success.

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SHAHID987
SHAHID987Newcomer
Asked: April 7, 2024In:

Some people share their experience as online earning is very easy, they are earning a lot of money without any hard work. Mostly these types of people are seen on YouTube. I personally feel as they just need to increase ...Read more

  • Some people share their experience as online earning is very easy, they are earning a lot of money without any hard work. Mostly these types of people are seen on YouTube. I personally feel as they just need to increase their watch time, because I tried their given sites but nothing happened. In my view online earning is becoming tough and tough day by day, because competition is increased many folds. Furthermore more one general concept is spreading as this earning is boss free or pressure free earning, but in reality is we need to work very hard here. We need to come out with quality content and just think over a simple thing as in offline job we spend at least 8 hours in hard work, and here after few hours of less pressure work we started dreaming about some big amount.
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hardworkmoneyonline
  1. Carpon
    Carpon Expert Mind Hustler

    Personally I began making money online with forum posting and I have been engaging with paid to post forums for a very long time and that was actually the very first online making money idea that I began taking advantage of Then I also went into mining during the atarta of telegram mining when it waRead more

    Personally I began making money online with forum posting and I have been engaging with paid to post forums for a very long time and that was actually the very first online making money idea that I began taking advantage of

    Then I also went into mining during the atarta of telegram mining when it was reigning and I started to engage in it and made a few money from there as well. It’s overall a good experience

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Allison
AllisonKnowledge Seeker
Asked: August 9, 2023In:

Some challenges in making money online include intense competition, fluctuating market trends, maintaining consistent income, dealing with online scams, and the need for continuous learning and adaptation. Talking about online scams in particular is one of the things most of my ...Read more

Some challenges in making money online include intense competition, fluctuating market trends, maintaining consistent income, dealing with online scams, and the need for continuous learning and adaptation.

Talking about online scams in particular is one of the things most of my friends refuse to come online and make money.

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challengesmoney
  1. Augusta
    Augusta Enlightened Mentor

    Some challenges of making money online include competition saturation, fluctuating markets, technical complexitiesetc It is a place that has Potential for scams and fraud: The internet is full of scams and fraudulent people and activities, which can make it difficult to find legitimate opportunitiesRead more

    Some challenges of making money online include competition saturation, fluctuating markets, technical complexitiesetc

    It is a place that has Potential for scams and fraud: The internet is full of scams and fraudulent people and activities, which can make it difficult to find legitimate opportunities for making money online.

    Other hindrances are maintaining consistent income, marketing effectiveness, platform changes, and the need for continuous learning and adaptation.

    Another is dependence on technology: Making money online requires technology, which can be unreliable. To make money online, you need traffic.  If you are selling a high-converting product and from advertising, you need a few thousand per day.

     

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