How to Recover from a Business Failure and Start Again
No one starts a business expecting it to fail, but the truth is, many businesses don’t survive long. Available statistics show that about 80% of Nigerian SMEs fail within the first five years. Reasons for this failure include poor financial management, lack of market demand, and economic instability. Read more about Business However, as […]
How To Bounce Back from Business Failure
Failure is a fact of life. Even the most successful companies have stumbled along the way. The key isn’t avoiding business failure altogether but learning from it and using it as a springboard for future success. So, if your business venture has hit a rough patch, don’t despair! Here’s a guide to help you […]
Top 10 Mistakes to Avoid When Starting a Business
Starting a business is an exciting but challenging endeavour. Many factors contribute to the success or failure of a business. And some common mistakes can derail even the most promising ideas. From the absence of a clear business plan to the dangers of neglecting market research, entrepreneurs tend to encounter certain pitfalls in the […]
5 Signs That Your Business Is Failing
There is a thin line between knowing when your business is experiencing a minor setback, and when you need to rethink your entire business strategy, because it could be failing. When your business is simply having a setback, you would have to only focus on the cause of this and attempt to rectify it. […]
6 Valuable Lessons From Business Failure
As an entrepreneur, there is no guarantee that your business will succeed, especially at its initial stage. Opportunities are missed, mistakes are made and destructive actions are taken. Sometimes, it could seem that it is just the forces of nature working against your business and resulting in a failure in one aspect or another. […]
7 Tips To Prevent Business Failure In Nigeria
Many businesses in Nigeria do not survive their first year of establishment due to several factors. With the rising unemployment curve in Nigeria, many Nigerians are delving into the world of business, not knowing what awaits them. Read more about Business Growth Tips Most often, their businesses don’t thrive as expected due to ignorance […]