I lost money to failed transactions during the Naira scarcity pandemic – Store owner
Nigeria’s economy literally entered pause mode in the first quarter of this year, in the aftermath of the cashless policy and currency redesign, which left many Nigerians with little or no cash to spend. The irony – people had monies in their bank accounts but could not access cash to do petty transactions here and there. This is the first…
7 key financial terms for Entrepreneurs
Typically, you do not have to be a financial expert to start a business. But, once you start a business, it is inevitable that you will run into these financial lingo every now and then. It may come when you are trying to put together a financial report, seek some loan or other business credits, or even pitch to investors….
How to kill your business one mistake at a time
The headline probably got you laughing because hey! Why would you want to kill your business? Mistakes happen every now and then, and for the most part, resilience can give you a comeback from most mistakes. But, not for all. Here are some mistakes that can end your business in less than a year, if you make a habit of…
How I saved my company from making a 30 million naira loss – Chinazom Arinze
Money is the lifeblood of any business, and while looking for ways to make money, entrepreneurs have to proactively look for ways to prevent losses too. Chinazom Arinze Founder of Autogirl NG, an auto rental service company based in Nigeria, narrates how she narrowly saved her company from making a 70 million naira loss. “As a lot of you know,…
Preparing for a product launch? Here’s 5 things you should do
A product launch is often a much-anticipated activity in business circles, especially for entrepreneurs in the tech space. A product launch is not a case of something falling out of the skies. It is mostly applicable when you have spent time developing a product, whether physical or digital, and are now ready to take it out to the consumers. So,…
How to build business partnerships that last a lifetime
One way to build a strong team for your business is first to find a business partner with the right skills to complement you. But, like with many other partnerships, business partnerships may not last as long as we want them to. Disagreements come up, sometimes mild, other times, serious enough to affect the business. Individuals are different, so disagreements…
Building a Successful B2B can get tricky: Here’s 5 tips to help you out
Building a B2B brand is an entirely different ballgame from a B2C brand. While a B2B model seeks to service other businesses, a B2C model seeks out individual consumers. For instance, if you are into insurance with a B2B model, you will be selling your products and packages to businesses, instead of individuals. You could be inviting companies (big or…