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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Augusta
AugustaEnlightened Mentor
Asked: August 15, 2023In: Money & Business

The different ways to make money from chicken rearing business

Chicken Is being eaten by a whole lot of people. The sellers make good money from it as the business is lucrative too. Apart from rearing and selling the chicken what other ways can one make money from chicken rearing?

Chicken Is being eaten by a whole lot of people. The sellers make good money from it as the business is lucrative too. Apart from rearing and selling the chicken what other ways can one make money from chicken rearing?

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  1. Mika
    Mika Expert Mind
    Added an answer on August 15, 2023 at 8:40 am

    You can raise chickens for meat and eggs. You can also sell chick poop to the farmers. Chicken poop is considered a good-grade organic fertilizer. if you sell chicken meat, you also have leftover feathers, you can sell these chicken feathers as fertilizers or to companies that make quilts, and jackeRead more

    You can raise chickens for meat and eggs. You can also sell chick poop to the farmers. Chicken poop is considered a good-grade organic fertilizer. if you sell chicken meat, you also have leftover feathers, you can sell these chicken feathers as fertilizers or to companies that make quilts, and jackets from chicken feathers. chicken poop can also be used as fish feed. Therefore, you can start a fish pond and feed your fish chicken pool and save money on fish feed.

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Augusta
AugustaEnlightened Mentor
Asked: August 15, 2023In: Money & Business

Measures to be taken to avoid business failure

A whole lot of people go into a business so that they make a success of it and it can help them to have a source of income but one can still fails in it. What are the precautions one ...Read more

A whole lot of people go into a business so that they make a success of it and it can help them to have a source of income but one can still fails in it. What are the precautions one should take to avoid getting into this kind of situation with a business venture?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on May 17, 2024 at 8:50 am

    As a business owner avoiding failure is counter productive, in business you play offense not defense, you are trying to make money and also take a market share, you are going to make a lot of mistakes and that's the only way you can learn. You should avoid the major obvious mistakes but make as muchRead more

    As a business owner avoiding failure is counter productive, in business you play offense not defense, you are trying to make money and also take a market share, you are going to make a lot of mistakes and that’s the only way you can learn.

    You should avoid the major obvious mistakes but make as much mistakes as you can, it’ll help you to move faster and learn faster.

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Augusta
AugustaEnlightened Mentor
Asked: September 17, 2023In: Money & Business

What core values should be imbibed by business owners?

I’m looking at starting my building materials business next year and I want to excel at it. What are the corr values I need to imbibe to help me run my business appropriately?

I’m looking at starting my building materials business next year and I want to excel at it. What are the corr values I need to imbibe to help me run my business appropriately?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 25, 2026 at 6:26 am

    For business owners; integrity and honesty are two of the most important values to embody as an individual. Consumers are more likely to buy from a business that they perceive as being trustworthy. Additionally, businesses should also place value on how well they communicate, their level of accountaRead more

    For business owners; integrity and honesty are two of the most important values to embody as an individual. Consumers are more likely to buy from a business that they perceive as being trustworthy. Additionally, businesses should also place value on how well they communicate, their level of accountability, discipline in the way they treat their customers, and the way they show respect to their customers. Business owners should focus on providing quality products at fair prices with the best possible customer service experience. Lastly, patience, consistency and/or being open to learning will allow your building materials company to succeed and thrive. If you have strong core values and good management, your company will be both profitable and well-respected.

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Augusta
AugustaEnlightened Mentor
Asked: August 19, 2023In: Money & Business

What are the struggles of palm oil production business?

Producing and selling palm oil can be very lucrative. This is one product thaf everyone buys. Most foods especially here in Nigeria are prepared with palm oil. So it os one product omr can easily sell to make money. But ...Read more

Producing and selling palm oil can be very lucrative. This is one product thaf everyone buys. Most foods especially here in Nigeria are prepared with palm oil. So it os one product omr can easily sell to make money. But I know this business comes with it’s challenges. What are they challenges one can face in the business?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 16, 2024 at 6:10 am

    The biggest problem such businesses face is logistics problems, they find it hard to move their finished Product from where it's being produced to distributors, even when they find a way to distribute it, it will eat up the margins. So instead of making 30% mark up after sales, they'll end up makingRead more

    The biggest problem such businesses face is logistics problems, they find it hard to move their finished Product from where it’s being produced to distributors, even when they find a way to distribute it, it will eat up the margins.

    So instead of making 30% mark up after sales, they’ll end up making far less than that because they’ve spent all of their money on logistics, this case is specific to my country though.

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Augusta
AugustaEnlightened Mentor
Asked: August 18, 2023In: Money & Business

What are the ways to lure people to a new product?

People would be oblivion of a new product so getting high sales might be very impossible. You might have a good product but when people don’t know about it making good money off it but not be realistic. So how ...Read more

People would be oblivion of a new product so getting high sales might be very impossible. You might have a good product but when people don’t know about it making good money off it but not be realistic. So how can one lure people to know about a new product to start buying?

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 29, 2025 at 10:25 am

    Intentional marketing is what will a yield a good result as far as a new product is concerned because there has to be a lot of effort put into making and creating awareness about the fact that that new products is in existence and as such advertising and all marketing strategies must be adopted in oRead more

    Intentional marketing is what will a yield a good result as far as a new product is concerned because there has to be a lot of effort put into making and creating awareness about the fact that that new products is in existence and as such advertising and all marketing strategies must be adopted in order to fully make the products known.

    You need to make sure that you do that wisely highlighting the hybrid features of the new product over the old ones

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Augusta
AugustaEnlightened Mentor
Asked: August 18, 2023In: Money & Business

Share a ride with colleagues to save money

One good way you can save money is joining your colleagues after work in their car to save money for transportation. You can’t know how much you can save a week or weeks when you do this. You would save ...Read more

One good way you can save money is joining your colleagues after work in their car to save money for transportation. You can’t know how much you can save a week or weeks when you do this. You would save a lot of money this way? What do you think?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on August 20, 2023 at 4:47 am

    Sharing a ride with colleagues is cost effective for sure. I have been doing this while on my internship and it works pretty great. There are those people who have their own cars and won't mind having you ride along. You will save so much money on transportation when you ask your colleagues to giveRead more

    Sharing a ride with colleagues is cost effective for sure. I have been doing this while on my internship and it works pretty great. There are those people who have their own cars and won’t mind having you ride along.

    You will save so much money on transportation when you ask your colleagues to give you a ride. As long as they are good with it, you can enjoy saving your money.

    Even if they ask you to contribute some money for the transportation, I am sure it won’t be much like you would pay for. So you still get to save some money.

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Augusta
AugustaEnlightened Mentor
Asked: August 18, 2023In: Money & Business

Ditch gym membership to save money while exercising

Are you a lover of exercises. You want to keep fit but at a little or no cost to save money. Then you should start enjoying to exercise indoors or in an open field. You would save Money this way ...Read more

Are you a lover of exercises. You want to keep fit but at a little or no cost to save money. Then you should start enjoying to exercise indoors or in an open field. You would save Money this way than spending money paying for gym membership. What’s your thought?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 7, 2024 at 4:46 pm

    Totally, you can get jacked at home without everhavung to go visit any gym, all you have to do is to download a workout app and start working out at home and put your gym money to good use, gym is basically for aesthetic but if your goal is to just build some couple of muscles then home workout is tRead more

    Totally, you can get jacked at home without everhavung to go visit any gym, all you have to do is to download a workout app and start working out at home and put your gym money to good use, gym is basically for aesthetic but if your goal is to just build some couple of muscles then home workout is the way to go.

    You can also create your own home gym with local equipments to get started if that’s what you want.

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Augusta
AugustaEnlightened Mentor
Asked: August 15, 2023In: Money & Business

How to make a success of cat fish farming business

In my location a lot of people just love cat fish. The sellers make high profit as the lucrative. If one get into this business making money would be easy. How can one make a success of farming this fish ...Read more

In my location a lot of people just love cat fish. The sellers make high profit as the lucrative. If one get into this business making money would be easy. How can one make a success of farming this fish to sell at wholesale?

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  1. Rimisha
    Rimisha Knowledge Seeker I am students and I am always eager to expand my knowledge and share it with others.✨
    Added an answer on August 15, 2023 at 8:07 am

    To make a success of catfish farming for wholesale, focus on key factors: proper infrastructure and pond management, high-quality feed, disease prevention, efficient breeding techniques, market research, and establishing a reliable distribution network. Additionally, ensure proper record-keeping, fiRead more

    To make a success of catfish farming for wholesale, focus on key factors: proper infrastructure and pond management, high-quality feed, disease prevention, efficient breeding techniques, market research, and establishing a reliable distribution network. Additionally, ensure proper record-keeping, financial management, and continuous learning about industry trends.

     

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Augusta
AugustaEnlightened Mentor
Asked: August 18, 2023In: Money & Business

Saving money by eating mostly home made foods

You would be saving money if you enjoy home made food. This is because the money sold out are quite expensive. So instead of spending so much buying food outside the home, you can save money cooking it yourself. What ...Read more

You would be saving money if you enjoy home made food. This is because the money sold out are quite expensive. So instead of spending so much buying food outside the home, you can save money cooking it yourself. What do you think about eating home made food to save money?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on August 20, 2023 at 4:43 am

    I learnt that homemade food is way cheaper than eating out while I was in campus. My daily budget for food reduced immensely when I stopped eating out and started making my own food. Buying your own food and ingredients then making it at home is way cheaper and you make more food that fills you. YouRead more

    I learnt that homemade food is way cheaper than eating out while I was in campus. My daily budget for food reduced immensely when I stopped eating out and started making my own food.

    Buying your own food and ingredients then making it at home is way cheaper and you make more food that fills you. You also get to cook it with good hygiene hence taking care of your health.

    You also get to buy food in bulks hence it lasts for long and you avoid daily expenses. You could even get some of your food from home or planting some in a small garden.

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Augusta
AugustaEnlightened Mentor
Asked: August 18, 2023In: Money & Business

Protect your health to save money on hospital bills

Our health is our wealth. You would continue to spend money and big ones too as hospital bills if you don’t care for your health properly. So to reduce hospital bills and save money you should care for your health ...Read more

Our health is our wealth. You would continue to spend money and big ones too as hospital bills if you don’t care for your health properly. So to reduce hospital bills and save money you should care for your health and save money this way. What is your thought on saving money this way?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on August 20, 2023 at 4:33 am

    This is a very essential thing to do. Saving money by taking care of your health is practical given that medical bills can be so high. There are so many ways to save money by taking care of your health. One of them is eating right. Nutrition plays a Frontline role in taking care of your body's immunRead more

    This is a very essential thing to do. Saving money by taking care of your health is practical given that medical bills can be so high. There are so many ways to save money by taking care of your health.

    One of them is eating right. Nutrition plays a Frontline role in taking care of your body’s immunity. Instead of buying unhealthy junk food and drinks, stick to healthy diets of which they are always much cheaper than junk food.

    You also protect your health by exercising and staying physically fit. You don’t have to pay for a gym membership, even home workouts can do as much. Going for regular check-ups helps a lot too. It is cheaper to treat a disease when it is diagnosed early than when it has progressed.

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