Did You Know? Lagos Is Africa’s Fourth Wealthiest City
Lagos is many things to many people. For some, it’s vibrancy and variety from dawn to nightfall. For others, it’s a hyper pumped up enclave, a place worthy of business and not much else. A not too small number- over a dozen million –call it home. And a good fraction of them have made themselves […]
Follow the Money Financial Strategy Masterclass
The FTM Masterclass is specially designed to equip entrepreneurs and career professionals with the right skills and resources for growing their wealth, tracking and managing their expenses and budgeting for growth. The speakers will be speaking on: Growing your wealth (saving, investing and building your finances). Business Financials (managing your businesses funds, revenues, profits and […]
What’s the Difference Between a Small Business and a Startup?
The startup fever has engulfed urban Nigeria. But while it has ignited a lot of positive entrepreneurial passion and creativity, it has also brought some unintended consequences with it. One of the less talked about downsides to the whole startup craze is that many people don’t really know what a startup is in the first […]
Business Growth Tip: How To Work With Long-Term Plans
Ada opens a shoe store with one intention: she wants to eventually earn a decent income from it. She rents a shop, stocks it with ladies’ footwear, puts up a signpost at its entrance, and opens business pages on social media channels. A friend tells her it’ll be nice to have a tagline for her […]
How To Start A Vehicle Rental Business In Nigeria
Vehicle rentals exist because there’s a real, constant and stable need for them. Businesses sometimes want a vehicle to convey guests; wedding attendees might prefer to travel in a van that’s headed straight for their specific destination, and sports teams would pick a bus that’ll go the distance and keep their team talks and banter […]
Business Growth Tip: Automate Your Business Processes
Let’s say you’re running a side hustle apart from your 9-5 job. Your day is usually crammed full with office tasks, and you seldom have time for much else. You’re trying to maintain your small business’s social media pages, but it’s a hard ask. Or maybe you’re a full-time entrepreneur. You always have tons of […]
Business Growth Tip: Build A Strong Organizational Culture
Business leaders talk about organizational culture a lot. When they do, they’re usually pointing out that it’s an important driver of business growth. Even if you’re not sure how exactly this plays out in real life, you get the idea that it’s indispensable for any company’s thriving. Actually, it is extremely important. To get a […]
Video Of The Week: Best Business Ideas For 2018
The question of what business to do and whether it will be profitable is what plagues many would-be-entrepreneurs today. However, this doesn’t have to be the case given the fact that there are a variety of business options one can choose from. In fact, the process of starting a business can actually be simple, provided […]
Nigerian Brands Running A Franchise Model
If you’re hunting for a growth-spurring business model, you might do well to consider working under a franchise. It’s an arrangement between a brand owner and an entrepreneur, in which the brand owner lets the entrepreneur operate using their name, trademarks, recipes, and processes, in exchange for some fee. The great thing about franchising is […]
What Makes Great Franchising in Nigeria?
A franchise can be likened to a good relationship; one between the franchisor and a franchisee. However, a good rapport between both parties is not the only quantifiable measure of the progress of a franchise. Other clear indicators of a successful franchise include system size, growth index and financial strength. According to the Nigerian International […]
3 Ways To Save For A Debt-Free Dream Vacation (Pt 3)
For some weeks we have been looking at the three ways we can save for a debt-free vacation. We decided to take our time on this topic because it is the bedrock of any tourism dream. It is important to note you do not have to be rich to be a tourist and with the […]
Money Tips for the Nigerian Firstborn
The life of a firstborn anywhere in the world is far from a walk in the park, but it’s even more challenging for the Nigerian firstborn. Apart from the fact that your parents seemingly practiced parenting with you, winging it without any prior experience, you were also forced to grow up fast, in many cases […]
5 Reasons Your Budgeting Doesn’t Work
I first learnt about budgets in secondary school; from my home economics text book, to be precise. I started budgeting even with my small allowance, and over the years, those skills have helped me manage my own finances, and run my home more efficiently than I would have without a budget. Many people know that […]
Websites We Like: BudgIT
“At BudgIT, we believe it is the right of every citizen to have access and also understand public budgets. We also believe budgets must be efficiently implemented for the good of the people.” Budgit is a new, informative website for promoting transparency within the public finance sector. It was initiated by Tech-In-Governance, a gathering organised […]
Governor Fashola Signs N489.69 Billion Budget Into Law
Lagos State Governor, Babatunde Fashola, yesterday, signed the state’s budget for 2014 into law. The N489.69 billion budget is aimed at completing current projects in the state. Governor Fashola signed the budget at the State House in Alausa, Ikeja, less than one week after the state legislature passed it. “We are giving this budget the […]
7 Ways to Cut Costs for Your Small Business
One of the principle aims and objectives of any business is to maximize profit. A business can’t maximize profit if its running cost is higher than the profit, so the goal here is to minimize cost (input) and maximize profit (output). Reducing costs in your small business is a key to financial growth and expansion. […]