We have over 37 million SMEs in Nigeria which means that these businesses are essential to the economy. How do these SMEs thrive? One of the best ways is to become part of SME associations in Nigeria. Becoming a part of SME associations comes with several benefits. The most important of all is that they […]
Successful SMEs in Nigeria understand that increasing cash flow in their businesses is more or less the greatest trick a business owner will ever learn. If your sales grow each year rapidly, then you must certainly be doing a few things right in your business. But even when you’re steering your business in the right […]
As an SME in Nigeria, one crucial factor for the success of your business is the customer relationship. A happy and satisfied customer will lead to business growth. This is why adopting the right CRM (Customer Relationship Management) tool is of great importance. With several CRM systems out there to choose from, choosing the right […]
As an SME in Nigeria, market planning frameworks are vital to the success of your business. They help to plan, prioritize, and visualize how every aspect of your business will fit together. To understand the types of market planning frameworks, it is important to have an understanding of the framework itself. What is Market Planning […]
Long ATM queues and extended lines at the bank with people waiting to withdraw cash is a common sight in many urban areas in Nigeria. If you have been pondering on starting a profitable business in Nigeria, then you might want to consider the POS business. The POS business in Nigeria is a lucrative venture. […]
As a business owner, if you were asked what are your goals for the next five years, what would your answer be? Most business owners tend to give responses like “I want to make more sales” or “I want to increase your brand visibility. Many SMEs in Nigeria are unable to meet what they define […]
Most SMEs in Nigeria aren’t aware of this, but a business justification is one of the most important documents you will ever produce for your business or idea. It differs from a business strategy. While a good business plan outlines your ideas to give you clarity, your business justification template exists for two main reasons: […]
Are you an entrepreneur searching for how to grow your business? The secret to running a business as an entrepreneur is finding out what works for you. And you can only find out what works for your business when you read a business book. Business books give you insight on how to be more productive, […]
One of the best ways to measure the progress of your business is to track KPIs. With KPIs, you can always keep your business objectives in view. Tracking KPIs also help you work with a clear focus. The question most SMEs in Nigeria ask is, “What are the KPIs to track for small businesses?” In […]
Many Nigerians today desire to start profitable businesses; however, a lot of people struggle with finding the right startup ideas. Having a small or medium enterprise in Nigeria is not a herculean task; below startup ideas in Nigeria to aid you in having a business of your own: 1. Mini Importation Mini importation is […]
