SMEs in Nigeria are major economic drivers, but many business owners often do not have plans in place for a worst-case scenario. Fire, floods or some other unforeseen problem could arise in the course of doing business. When they do, the protection of a safety insurance net might make the difference between the survival and […]
Growing a business requires more than just having something to sell. Many small business owners, easily swayed by the need to deliver the optimum service to their target audience, believe that all they need for success is to offer excellent products. However, success is a consequence of an intersection of factors, some of which are […]
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 […]
How would it feel if you could fit your whole business plan into a page? Did you just scream impossible? Well, it is possible when you make use of a business model canvas. Business Model Canvas According to Strategyzer, the Business Model Canvas (BMC) is a strategic entrepreneurial and management tool. It enables you to […]
Most of the famous public figures in the world started out at a young age. They developed inherent talents and grew to become forces to be reckoned with in their various fields. Teaching kids the art of entrepreneurship is a great way to boost their self-confidence and give them a platform to develop their talents. […]
SMEs in Nigeria face several problems such as raising capital and dealing with bigger competitors. It is interesting to note that logistics remains one of the biggest challenges that SMEs face. This problem is not local to Nigeria, rather, it is one that SMEs all over the world battle with. When you have a clear […]
Recently, SMEDAN launched a mass registration program for MSMEs nationwide. The aim is to provide support to small and medium scale enterprises within the country. It is expected to provide SMEDAN with a comprehensive list of MSMEs to ensure that it carries out its functions effectively. Asides helping the body achieve its aims, MSMEs also […]
By the middle of last year, so many business owners had plans ready to take the world by storm in 2020. Fast-forward to March this year and all we were thinking of was getting through COVID-19 alive and well. It is interesting how the pandemic has affected our lives, especially where business is concerned. As […]
It is not strange to find so many women in Nigeria are stay-at-home mums. A stay-at-home mum is a homemaker, a woman dedicated to caring for her kids, and keeping the house in order. It doesn’t matter whether she has to raise one child or several children. The fact that she is staying home to […]
