₦airaland Forum

• The challenges of cost benefit analysis in-a-computerized-accounting-system
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“IMPACT OF ACCOUNTING INFORMATION ON THE DECISION MAKING PROCESS OF AN ORGANIZATION”
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(A CASE STUDY OF MINAN EVALUATION OF THE IMPACT OF PEACE ACCOUNTING IN THE ECONOMIC DEVELOPMENT OF NIGERIAISTRY OF NIGER DELTA AFFAIRS)
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A COMPARATIVE ANALYSIS OF A COMPUTERIZED ACCOUNTING SYSTEM AND MANUAL ACCOUNTING SYSTEM
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A COMPARATIVE ANALYSIS OF THE EFFECTIVENESS OF INTERNAL CONTROL SYSTEM IN A COMPUTERIZED ACCOUNTING SYSTEM
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A COMPARATIVE ANALYSIS OF THE IMPACT OF INVENTORY VALUATION METHODS ON FINANCIAL REPORT STATEMENT IN SOME MANUFACTURING COMPANIES
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A COMPARATIVE ANALYSIS OF THE IMPACT OF INVENTORY VALUATION METHODS ON FINANCIAL REPORT STATEMENT IN SOME MANUFACTURING COMPANIES IN ENUGU STATE
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A COMPARATIVE ANALYSIS OF THE IMPACT OF INVENTORY VALUATION METHODS ON FINANCIAL REPORT STATEMENT IN SOME MANUFACTURING COMPANIES IN ENUGU STATE
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A COMPARATIVE STUDY OF EXPENDITURE CONTROL METHODS IN GOVERNMENT AND PRIVATELY OWNED HOSPITALS
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A COMPARATIVE STUDY OF EXPENDITURE CONTROL METHODS IN GOVERNMENT AND PRIVATELY OWNED HOSPITALS
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A COMPREHENSIVE ANALYSIS OF THE EFFECT OF REGULATION AND DEREGULATION OF EXCHANGE RATE ON NIGERIA’S FOREIGN TRADE
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A CRITICAL ANALYSIS OF BUDGETARY CONTROL: ITS EFFECTIVENESS AND EFFICIENCY IN A NON PROFIT MAKING ORGANIZATION (A CASE STUDY OF N.C.R.I BADEGGI)
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A CRITICAL ANALYSIS OF BUDGETARY CONTROL: ITS EFFECTIVENESS AND EFFICIENCY IN A NON PROFIT MAKING ORGANIZATION (A CASE STUDY OF N.C.R.I BADEGGI)
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A CRITICAL ANALYSIS OF CAUSES AND PROBLEM OF FINANCIAL DISTRESS IN NIGERIA BANKING SECTOR (A CASE STUDY OF AFEX BANK PLC.)
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A CRITICAL ANALYSIS OF FRAUD IN NIGERIA FINANCIAL INSTITUTION.
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A CRITICAL ANALYSIS OF OF THE IMPACT OF POPULATION GROWTH ON THE ECONOMY OF NIGERIA
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A CRITICAL ANALYSIS OF THE IMPORTANCE OF AUDITING IN THE AUTHENTICATION OF FINANCIAL STATEMENT OF BUSINESS ORGANISATION. A CASE STUDY OF NIGER GAS LIMITED EMENE ENUGU.
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A CRITICAL ANALYSIS OF THE PROBLEMS OF FINANCIAL MANAGEMENT IN LOCAL GOVERNMENT COUNCILS IN NIGERIA
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A CRITICAL ANALYSIS OF THE PROBLEMS OF FINANCIAL MANAGEMENT IN LOCAL GOVERNMENT COUNCILS IN NIGERIA
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A CRITICAL ANALYSIS OF THE USE OF ACCOUNTING RATIOS TO MEASURE FINANCIAL PERFORMANCE OF ORGANIZATION (STUDY OF UNILEVER FINANCIAL STATEMENT FROM 2009 TO 2011)
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A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF UNION BANK NIGERIA)
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A CRITICAL ANALYSIS OF VALUE FOR MONEY AUDIT IN PUBLIC SECTOR
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A CRITICAL ANALYSIS ON VALUE FOR MONEY AUDIT ON PUBLIC SECTOR OF AN ORGANIZATION
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A CRITICAL APPRAISAL OF BANK CUSTOMER RELATIONSHIP
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A CRITICAL APPRAISAL OF ENVIRONMENTAL ACCOUNTING PRACTICES AND REGULATIONS IN NIGERIA ECONOMY
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A CRITICAL REVIEW OF ACCOUNTING SYSTEM IN NIGERIA INSURANCE INDUSTRY (A CASE STUDY OF INDUSTRIAL AND GENERAL INSURANCE COMPANY LTD)
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A REGRESSION ANALYSIS ON THE IMPACT OF SMOKING, LEVEL OF EXERCISE, WEIGHT ON MEDICAL COST. (A CASE STUDY OF FEDERAL MEDICAL CENTER OWERRI)

FOR MORE TOPICS, VISIT:
http://easyprojectmaterials.com.ng/product-category/accountancy

@ Dolmite. Be careful the way you talk. Do you even understand the meaning of fraud. The foolishness of Atheists even expand to the parlance that they can't just wrap their heads around the fact that there exist non-mortal powers that can interfere in the affairs of men.

BEFORE YOU GRADUATE-WHAT AN UNDERGRADUATE MUST KNOW TO ESCAPE UNEMPLOYMENT AND ECONOMIC LACK



CHAPTER ONE

TIMES ARE CHANGING



Point 1:

The problem of unemployment in Nigeria

The problem of unemployment in Nigeria is fast spreading like a virus, it is replicating so fast, the problem is growing more than ten times faster than the government can solve it. This problem is fuelled by the very fast growing population increase in Nigeria.

Year in year out, the tertiary institutions which include colleges of Education, Polytechnic, Universities and other tertiary institutions both private and public poor out at least five hundred thousand graduating students into the streets of despair with little or no jobs. The government of the day seem to have no answers to this increasing problem.

Today, at least five out of every ten Nigerian graduates have no job. And these five that have the jobs face the constant tension and risk of losing the jobs. Today, most employed Nigerian graduates are employed in the dying Nigerian public institutions. From Nigerian Railway corporation to Nigeria telecommunication and others, and the death continues. Currently, over 70% of Nigerian youths are unemployed. Nigeria have little or no industries. The jobs offered by the few companies available are no match for catastrophic population level of the unemployed and jobless. It is that bad!

Today in Nigeria, students gladly gain admission and pass through the university without having a ground idea of the exponential increase by the day of joblessness and unemployment among Nigerian graduates. They go through school burn midnight candles, do several night reading, spend long hours in lecture halls, go hungry on many occasions, some squat for many years with other students for accommodation, face several other challenges, all with the hope to get the golden key to wealth and riches’’ through a very good job with fat monthly pay cheques and increasing job care and welfare benefits. As they spend more time passing through these tough times in the school, their balloons of hopes keep growing bigger and bigger. The lecturers, parents, aunties, uncles, sponsors and well-wishers all help to keep pumping the air of hopes into these balloons to keep them bigger and afloat. During these years, there is the popular cliché which goes like this-“focus on your lectures and books every other factor is a distraction”.

Even as I write now in 2014, statistics have it that about 1.6 Million students wrote the universal Tertiary Matriculation Examination (UTME). At least one million of these students will gain admission into universities, polytechnics, colleges of Education and other private and public tertiary institutions in Nigeria. These students gain admission and celebrate their matriculation into these institutions. In the end of their academic programs in these institutions, their sponsors and well-wishers join them to celebrate on their day of convocation. On that memorable day of convocation they are presented with the much expected certificate. And suddenly they are for the first time after many years within the walls of the institution released into the streets to discover with shock that about 20 million graduates are just like them with good grades on the streets searching for jobs for many years.

Another big problem to the side of this discussion is that more than 70% Nigerian undergraduates today do not have the fundamental and convinced understanding of the state of unemployment in Nigeria. Probably, the reason for this is so that they can focus on their studies, focus, get the good grades and then come out to join the queue. The inability of both the Nigerian government and the Nigerian society to educate undergraduates on the high level of joblessness in Nigeria creates another problem that fuels the existing crisis of unemployment, and that problem is ignorance.

In addition to this problem of ignorance is the poor levels of financial education and the drive for entrepreneurism.

In the country. The government at all levels keep preaching of entrepreneurism but do little or nothing about it. For instance, government would rather spend millions of dollars on NYSC rather than train graduates on the entrepreneurship and financial education and provide soft loans without collateral as a start-up capital. Nigerian government would rather pay N19, 000 minimum wage to NYSC members and convert most of t hem part-time primary and secondary school teachers rather than pass them through technical skills and real human capital development programs, plus give them start-up capital for business start-ups, knowing fully that they-the government have little or no jobs to offer the graduating corp members. They would only give the NYSC members days or few weeks of theoretical lectures with little or no practical side just like the normal boring classroom lectures. This is too bad!

Albert Einstein one of the greatest scientists and philosophers of the twentieth century said that one way to define insanity is doing the same thing over and over again and expecting a different result. He also said that you do not solve a problem using the same method you used in creating the problem. For decades now, there have been this recycling lie that University Certificate or Tertiary Certificate is the golden key to open the doors that will solve financial problems. And this have led to an exploding number of those who want to go to school (Tertiary Institutions). The problem is that the government and the society, starting from nuclear and extended families have succeeded in sustaining this lie for a lone time. They use the few illustrations of those who graduate and get big jobs to inspire others to shut down their creativity for alternatives to financial prosperity and focus on one thing only, the paper, and certificate. Today, as we now have millions of jobless graduates, the lie is being exposed and has nowhere to hide.

Financial education that is very much lacking in the Nigerian system which is a fundamental cause of increasing the poverty in the system do not just have to do with monthly pay cheques but with understanding the nature of money and how it works and how to create it.

Point 2:

This book is not the usual one

This book is not the usual get rich quick book. This book is a mentor and eye opener to serve as a guiding tool to help you jump out of the crowd and make a bold step to gaining financial freedom for years in Nigeria.

If you are an undergraduate reading this book, then know one thing, this book could be an answered prayer for your future. If you have already graduated, this book could help you avoid wrong decisions and steps, and if you are yet to gain admission into any tertiary institution, you need this book as a road map also.

I tell you, one very important question that a graduate or yet-to-be graduate must answer is this, ‘’WHAT DO YOU DO FOR A LIVING?’’ it is wise for an undergraduate or graduate to answer this question practically before graduating day, and after graduation. Financial freedom is a good purpose worth working towards.

Point 3:

Employees teaching people to become entrepreneurs

The federal government of Nigeria have seen the increasing problem and effects of unemployment and introduced entrepreneurship studies as a compulsory course in all tertiary institutions. The federal Governments step of introducing entrepreneurship studies in all Nigeria tertiary institutions shows its consciousness of the potential problems of unemployment. But this idea of teaching entrepreneurship studies in tertiary institutions does not seem to be a potent solution.

Employing lectures most of whom have no practical clue and experience of entrepreneurship is like employing an active military general who has grown and lived in the barracks for most of his years to lecture people on how to become civilians.

These entrepreneurship teaching lectures in Nigeria tertiary institutions will only write theories of entrepreneurship on the board for students to copy, take to their lodges or hostels, read and prepare for entrepreneurship examinations. Those who fail the course will either rewrite the course or ‘’sort it’’, and the journey continues.




READ MORE:

https://mynairastreet..com.ng/2018/01/before-you-graduate-what-undergraduate.html

NOTE:

You can get a complete business plan written for your business, to get Bank loans and credit facilities.
Call DANIEL CHUKWUDI on 08068231953, 081698759420


Business Plan Template for a Startup Business

A startup business plan serves several purposes. It can help convince investors or lenders to finance your business. It can persuade partners or key employees to join your company. Most importantly, it serves as a roadmap guiding the launch and growth of your new business.

Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success. This is your chance to discover any weaknesses in your business idea, identify opportunities you may not have considered, and plan how you will deal with challenges that are likely to arise. Be honest with yourself as you work through your business plan. Don’t gloss over potential problems; instead, figure out solutions.

A good business plan is clear and concise. A person outside of your industry should be able to understand it. Avoid overusing industry jargon or terminology.

Most of the time involved in writing your plan should be spent researching and thinking. Make sure to document your research, including the sources of any information you include.

Avoid making unsubstantiated claims or sweeping statements. Investors, lenders and others reading your plan will want to see realistic projections and expect your assumptions to be supported with facts.

This template includes instructions for each section of the business plan, followed by corresponding fillable worksheet/s.

The last section in the, instructions, “Refining Your Plan,” explains ways you may need to modify your plan for specific purposes, such as getting a bank loan, or for specific industries, such as retail.

Proofread your completed plan (or have someone proofread it for you) to make sure it’s free of spelling and grammatical errors and that all figures are accurate.




I. Instructions: Executive Summary


The Executive Summary is the most important part of your business plan. Often, it’s the only part that a prospective investor or lender reads before deciding whether or not to read the rest of your plan. It should convey your enthusiasm for your business idea and get readers excited about it, too.

Write your Executive Summary LAST, after you have completed the rest of the business plan. That way, you’ll have thought through all the elements of your startup and be prepared to summarize them.

The Executive Summary should briefly explain each of the below.

1. An overview of your business idea (one or two sentences).
2. A description of your product and/or service. What problems are you solving for your target customers?
3. Your goals for the business. Where do you expect the business to be in one year, three years, five years?
4. Your proposed target market. Who are your ideal customers?
5. Your competition and what differentiates your business. Who are you up against, and what unique selling proposition will help you succeed?
6. Your management team and their prior experience. What do they bring to the table that will give your business a competitive edge?
7. Financial outlook for the business. If you’re using the business plan for financing purposes, explain exactly how much money you want, how you will use it, and how that will make your business more profitable.

Limit your Executive Summary to one or two pages in total.

After reading the Executive Summary, readers should have a basic understanding of your business, should be excited about its potential, and should be interested enough to read further.

After you’ve completed your business plan, come back to this section to write your executive summary on the next page.


Executive Summary

(Write after you’ve completed the rest of the business plan.)


II. Instructions: Company Description


This section explains the basic elements of your business. Include each of the below:

1. Company mission statement
A mission statement is a brief explanation of your company’s reason for being. It can be as short as a marketing tagline (“MoreDough is an app that helps consumers manage their personal finances in a fun, convenient way”) or more involved: (“Doggie Tales is a dog daycare and grooming salon specializing in convenient services for urban pet lovers. Our mission is to provide service, safety and a family atmosphere, enabling busy dog owners to spend less time taking care of their dog’s basic needs and more time having fun with their pet.”) In general, it’s best to keep your mission statement to one or two sentences.

2. Company philosophy and vision
a. What values does your business live by? Honesty, integrity, fun, innovation and community are values that might be important to your business philosophy.
b. Vision refers to the long-term outlook for your business. What do you ultimately want it to become? For instance, your vision for your doggie day-care center might be to become a national chain, franchise or to sell to a larger company.

3. Company goals
Specify your long- and short-term goals as well as any milestones or benchmarks you will use to measure your progress. For instance, if one of your goals is to open a second location, milestones might include reaching a specific sales volume or signing contracts with a certain number of clients in the new market.

4. Target market
You will cover this in-depth in the Marketing Plan section. Here, briefly explain who your target customers are.

5. Industry
Describe your industry and what makes your business competitive: Is the industry growing, mature or stable? What is the industry outlook long-term and short-term? How will your business take advantage of projected industry changes and trends? What might happen to your competitors and how will your business successfully compete?

6. Legal structure
a. Is your business a sole proprietorship, LLC, partnership or corporation? Why did you choose this particular form of business?
b. If there is more than one owner, explain how ownership is divided. If you have investors, explain the percentage of shares they own. This information is important to investors and lenders.

After reading the Company Description, the reader should have a basic understanding of your business’s mission and vision, goals, target market, competitive landscape and legal structure.

Use the Company Description worksheet on the next page to help you complete this section.


Company Description Worksheet


Business Name

Company Mission Statement

Company Philosophy/
Values

Company Vision




Goals & Milestones

1.


2.


3.



Target Market

Industry/
Competitors


1.

2.

3.
Legal Structure/
Ownership


III. Instructions: Products & Services


This section expands on the basic information about your products and services included in the Executive Summary and Company Description. Here are some items to consider:

1. Your company’s products and/or services: What do you sell, and how is it manufactured or provided? Include details of relationships with suppliers, manufacturers and/or partners that are essential to delivering the product or service to customers.
2. The problem the product or service solves: Every business needs to solve a problem that its customers face. Explain what the problem is and how your product or service solves it. What are its benefits, features and unique selling proposition? Yours won’t be the only solution (every business has competitors), but you need to explain why your solution is better than the others, targets a customer base your competitors are ignoring, or has some other characteristic that gives it a competitive edge.
3. Any proprietary features that give you a competitive advantage: Do you have a patent on your product or a patent pending? Do you have exclusive agreements with suppliers or vendors to sell a product or service that none of your competitors sell? Do you have the license for a product, technology or service that’s in high demand and/or short supply?
4. How you will price your product or service: Describe the pricing, fee, subscription or leasing structure of your product or service. How does your product or service fit into the competitive landscape in terms of pricing—are you on the low end, mid-range or high end? How will that pricing strategy help you attract customers? What is your projected profit margin?

Include any product or service details, such as technical specifications, drawings, photos, patent documents and other support information, in the Appendices.

After reading the Products & Services section, the reader should have a clear understanding of what your business does, what problem it solves for customers, and the unique selling proposition that makes it competitive.

Use the Product and Service Description Worksheet on the next page to help you complete this section.





Product & Service Description Worksheet


Business Name

Product/ Service Idea

Special Benefits

Unique Features

Limits and Liabilities

Production and Delivery

Suppliers

Intellectual Property Special Permits

Product/
Service Description




IV. Instructions: Marketing Plan


This section provides details on your industry, the competitive landscape, your target market and how you will market your business to those customers.

1. Market research


There are two kinds of research: primary and secondary. Primary market research is information you gather yourself. This could include going online or driving around town to identify competitors; interviewing or surveying people who fit the profile of your target customers; or doing traffic counts at a retail location you’re considering.

Secondary market research is information from sources such as trade organizations and journals, magazines and newspapers, Census data and demographic profiles. You can find this information online, at libraries, from chambers of commerce, from vendors who sell to your industry or from government agencies.

This section of your plan should explain:

· The total size of your industry
· Trends in the industry – is it growing or shrinking?
· The total size of your target market, and what share is realistic for you to obtain
· Trends in the target market – is it growing or shrinking? How are customer needs or preferences changing?

2. Barriers to entry


What barriers to entry does your startup face, and how do you plan to overcome them? Barriers to entry might include:

· High startup costs
· High production costs
· High marketing costs
· Brand recognition challenges
· Finding qualified employees
· Need for specialized technology or patents
· Tariffs and quotas
· Unionization in your industry

3. Threats and opportunities


Once your business surmounts the barriers to entry you mentioned, what additional threats might it face? Explain how the following could affect your startup:

· Changes in government regulations
· Changes in technology
· Changes in the economy
· Changes in your industry

Use the SWOT Analysis Worksheet on the next page to identify your company’s weaknesses and potential threats, as well as its strengths and the potential opportunities you plan to exploit.


SWOT Analysis Worksheet



Strengths
Weaknesses
Opportunities
Threats

Product/ Service Offering





Brand/ Marketing





Staff/HR





Finance





Operations/
Management





Market





Can any of your strengths help with improving your weaknesses or combating your threats? If so, please describe how below.

Based on the information above, what are your immediate goals/next steps?

Based on the information above, what are your long-term goals/next steps?





4. Product/service features and benefits


Describe all of your products or services, being sure to focus on the customer’s point of view. For each product or service:

· Describe the most important features. What is special about it?
· Describe the most important benefits. What does it do for the customer?

In this section, explain any after-sale services you plan to provide, such as:


· Product delivery
· Warranty/guarantee
· Service contracts
· Ongoing support
· Training
· Refund policy


5. Target customer


Describe your target customer. (This is also known as the ideal customer or buyer persona.)

You may have more than one target customer group. For instance, if you sell a product to consumers through distributors, such as retailers, you have at least two kinds of target customers: the distributors (businesses) and the end users (consumers).

Identify your target customer groups, and create a demographic profile for each group that includes:



NOTE:

You can get a complete business plan written for your business, to get Bank loans and credit facilities.
Call DANIEL CHUKWUDI on 08068231953, 081698759420

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Kitchen and Bath Design - Kitchen and Bath design often includes the design of cabinets, so cabinet shops may hire Interior Designers to provide a cabinet layout for a kitchen, bathroom, or even a laundry room. Designers must follow guidelines to provide a safe environment for their clients. Kitchen and Bath design also includes the selection of the proper materials (countertop, flooring, backsplash...) and appliances. It is a desirable field for Interior Design graduates, as there are many opportunities in the Kitchen and Bath field.
Commercial Design - Commercial design includes hotels, schools, healthcare (hospitals, clinics, medical offices), retail stores, and any other public buildings.
Hospitality Design - Hospitality design is a part of Commercial design. It includes hotels, motels, restaurants, bars and clubs, resorts, theaters, and other places that offer 'hospitality'.
Residential Design - Residential design may include space planning of the living areas and bedrooms of a home, as well as selection of the color schemes and materials. Residential designers design the interiors of houses, apartments, and condominiums.
Residential Remodeling - Remodeling may be complicated, as the home to be remodeled is pre-existing. There are many problems for the remodeling designer to consider. The designer must inspect the home before coming up with a design. He needs to identify load bearing walls, water lines, and anything that may be an obstacle in the remodeling process. He also needs to come up with a safe and aesthetically pleasing solution to the design problem. This may be especially complicated when the entire house is being remodeled at once.
Lighting Design - Lighting designers specialize in the design of lighting in interiors. They are concerned with the types of lighting (ambient, accent, and task), the amount of lighting needed in a specific room, and the placement of the lighting sources.
Home Improvement Stores / Retail - There are large home improvement stores where a customer can go to get all of the materials he needs for a home improvement project, or smaller, specialty stores designed to suit a particular need. There is the option of working in a certain department of Menards or the Home Depot, or working in a small retail shop that hires designers to help with the layout of their product. A tile shop may offer design services and paint store associates, such as those at Sherwin-Williams, provide advice for paint colors and may even make home visits.
Distributors - You may choose to work with a company that distributes home improvement materials, such as tile or cabinetry.
Journalism - The Interior Design professional with strong writing skills may decide to become involved in journalism for publications such as design magazines.
Television shows - Home improvement television shows have become more widely popular due to HGTV and other channels that provide remodeling, design, and decorating programs and have home improvement information available to the public. However, television shows will often glamorize Interior Design - they usually do not show the 'behind the scenes'.
CAD Specialists - CAD is computer aided design. Interior Design professionals may prefer to specialize strictly in CAD programs, such as AutoCad and 20/20, among others.
Hand Drafting / Rendering - These are 2 of the skills the Interior Designer learns at the beginning of his or her education at a college or university. Hand drafting is a very precise way of drawing floor plans, elevations, and section drawings. Rendering is a way of providing a conceptual perspective drawing as a visual aid to the clients. Some Interior Designers may wish to specialize in one of these 2 areas.
Furniture Design - Furniture designers design furniture. They may present their ideas to clients or furniture manufacturers in order to sell them.
Teaching - Finally, the Interior Designer may decide to teach his or her skills to students in a college or university. Some even go back to teach at high schools. Often times, instructors will teach during the day and do design work in the evenings.
Employers of the Interior Designer include: design firms, architectural firms, flooring manufacturers, and furniture stores, among many others. Some designers choose to become self-employed by starting up their own Interior Design firms.
Decorating is not the only aspect of Interior Design; there are many areas to consider when entering this field. From Kitchen and Bath design to teaching, the options are limitless. If you consider yourself creative or enjoy helping to improve interior spaces, consider entering the field of Interior Design.


INTERIOR DESIGN IN NIGERIA
Interior design is ridiculously profitable. People will only offer their money if they know they are getting something good and there are very few interior decorators who offer that. The moment you see something that offers good value for money, the money comes out. The only thing is that you need to understand not only how to design but also how to manage the little resources that your client has and he’ll keep giving you jobs. The knowledge of how to manage resources and source for locally made resources in Lagos or Nigeria as a whole is extremely important to sustain your business. Every client is looking for a designer to do something and make his home unique. Use local materials and do something wonderful with it. So interior design is a very profitable venture, what matters the most is your mind-set. A lot depends on your mind-set.
CAN ANYBODY BE AN INTERIOR DESIGNER?
Anybody can be an interior designer because design ability is a talent. Anybody who has the ability to appreciate beauty has the ability to be an interior designer. Your first degree course, though important, isn’t a determining factor for practicing interior design. So it’s not compulsory to read something related to interior design as your first degree. However, we prefer that you have a first degree, whether its OND or BSC, you must have passed through the four walls of a university. It makes you understand life better. It’s a bit more difficult dealing with a fresh secondary school leaver who has no knowledge of life as it really is. It helps to have a training so that when you enter into an office, you even respect the environment you are in.
10 STEPS TO BREAKING INTO THE INTERIOR DESIGN MARKET

Train your eye. Since you are interested in a career as a interior decorator, chances are you already have a “good eye” for design. In other words, when you look at a room you can see what looks good, and what could be improved. But no matter how naturally talented you are, you can continually “train your eye" by studying what people consider to be good design. Seek out beautifully decorated interiors to look at. You can find numerous examples of beautiful interiors in design magazines or in your own community by visiting show homes, open houses for sale in wealthy neighborhoods, furniture showrooms, historic homes, art galleries, and offices of professionals such as interior decorators and corporate lawyers.
Educate yourself. Interior decorators are expected to know about the various elements involved in decorating such as: space planning (how to arrange furniture and other items within a particular space), use of color and light, furniture and decorating styles (for example, Colonial or Southwestern), floorings, wall coverings, window treatments, and use of accessories such as pillows and art. You can learn decorating basics through courses, books, web sites, and even by speaking with retailers of products used in home decorating (paint, carpet, lighting, hardware stores, etc.)
Practice at home. Most interior decorators get their first decorating experience working on their own homes. Even if you have just one small room to experiment with, you can get “hands-on” experience with a variety of decorating techniques. For example, you can make a dramatic change to any room, quickly and inexpensively, simply by rearranging the furniture or painting the walls a new color. Give it a try! Experiment with techniques you wouldn’t ordinarily use. Consider this room your “research lab” where you can try things out before recommending them to a client.
Volunteer your services. Your friends and family members may already have asked for your advice about decorating, but if they haven’t yet asked you to actually decorate their homes or businesses, why not offer? Some occasions your family or friends may want to redecorate are when they experiencing transitions in life, such as: marriage or co-habitation (help them merge two households into one), moving into a new home, childbirth (offer to decorate the baby’s room), hosting a special event such as a wedding or dinner party, starting a home business (you could decorate their new office), and selling a home (explain how a well decorated home can attract buyers).
Prepare a portfolio. A portfolio is a collection of samples of your work, plus any other documents that can help show why someone should hire you. The most important part of an interior decorator's portfolio is photographs of interiors you have decorated, so make sure you take "before” and “after” photos of every space you decorate. Choose 15-20 photographs of work you are proud of, and arrange them in a photo album or portfolio case. Your portfolio can also include letters of recommendation and "design boards" (poster boards onto which you have pasted pictures and samples of materials such as fabrics, flooring, wallpaper, etc.) to show clients what you recommend to decorate a particular room.
Get a job. Even if you plan to start your own interior decorating business, you can learn about the business and meet potential clients by starting with a job in the industry. Companies that hire people with decorating talent include home builders, manufacturers of furniture and housewares, hotel and restaurant chains, retailers (furniture stores, home improvement stores, antiques dealers, housewares stores, etc.), plus interior design and decorating firms. To get a job, you will need to prepare a resume that emphasizes your experience with decorating plus any other skills the employer is looking for, such as customer service or organizational ability.
Start your own business. Many interior decorators dream of being their own boss. If that's your goal, you'll need to decide on business matters such as your company's name and whether to incorporate or not. Free basic business advice is available from organizations such as SCORE and the U.S. Small Business Administration. Many interior decorators choose to work from home when they start their businesses because it saves on the cost of an office and, unlike many other types of businesses, you won’t be expecting clients to come to you ­ will usually be going to their homes or offices.
Establish relationships with suppliers. Suppliers are companies that supply the products and services you need to decorate. They include manufacturers of furniture, wall coverings, flooring, fabrics, etc. as well as contractors who do painting, carpentry, installation, etc. When you go shopping as a professional interior decorator, you are entitled to “designer discounts” of up to 50% off the regular retail price which you can pass on to clients. While some decorators charge an hourly rate or a flat fee, others charge "cost-plus." For example, if your cost for a product is 40% percent below the regular retail price, you could charge the client your cost plus 20%, thereby saving the client the other 20% they would pay to buy the same item at a retail store. This opportunity to save money on decorating may convince clients to hire you.
Get clients. Your potential clients could include home builders, new home buyers, wealthy home owners, professional couples, advertising agencies, art galleries, bed and breakfasts, boutique stores, corporate head offices, hotels, law firms, restaurants, spas, and many other types of businesses. One way to market your services is by networking with professionals who can refer business to you, such as real estate agents, architects, antiques dealers, art dealers, home renovators, and owners of businesses that sell home furnishings. Other marketing techniques include putting up a web page with photos of interiors you have decorated and getting publicity in the homes section of your local newspaper.
Grow as a professional. Successful interior decorators continue to learn new decorating techniques. Once you have started a business you can continue to develop your skills by attending trade shows, reading decorating magazines and books, and joining professional associations. You can also impress clients and have an advantage over your competition by becoming certified as a professional interior decorator.

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There comes a time when an entrepreneur will have to throw caution to the wind to move to the next level. Firstly, i owe God almighty every accomplishments of my life. It is by his grace and mercy that i am at this level today.

Now hear this: if Steve jobs hadn't sold his van and put what was seen as a career at stake, and wozniak hadn't sold his precious electronics all to raise money and throw in all their heart in the personal computer development, there wouldn't have been an apple far richer than even microsoft today. If zuckerberg hadn't taken the bold step to continue facebook after it was shut down by the harvard administration, damning the supposed consequences, he wouldn't have been among the top 50 CEOs of the world today

Had bill gates not taken the step towards windows, appearing as the world's richest for 16th time may have been a fantassy.

Have you heard of the man named Dannis fris, the Dannish guy who invented many technologies that changed the world, including skype, video and the technology that enables people to watch video on their TVs, he threw caution to the wind.

Throwing caution to the wind does not mean walking into fire. It means shunning and burning the bridges of what ifs capable of holding you back and down

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Building your business starts with better marketing
Believe it or not, many people don’t know that there is a difference between sales and marketing. From when I was very young, rich dad insisted that I know the difference between the two.

“Many business owners suffer from low sales and poor communications with staff and investors,” said rich dad. “If a business has strong, convincing marketing, the sales will come easily. If the business has weak marketing, the company must spend a lot of time and money, and work very hard, to gather sales.”

Moving from self-employed to big business

One difference between those who are self-employed and those who owned thriving businesses is that the self-employed are often good at sales but poor at marketing. Those who own thriving businesses, on the other hand, are good at both sales and marketing.

Sales is what you do in person, one-on-one. Marketing is sales done via a system. Both sales and marketing are important for the success of a business. For a self-employed person to transition to building a successful business, they must take their skills at selling one-on-one and learn how to create a system of sales that creates more leads, which is marketing.

Marketing basics

The basic rules of marketing are fairly simple, but like most arts, it takes time and practice to become adept at applying them successfully.
Always make sure you know your audience and that your marketing tool is designed for that audience. In every marketing effort, include these three ingredients:
1. Identify a need
2. Provide a solution
3. Answer your customer’s question: “What’s in it for me?” Often, along with answering this question, you can use special offers, and communicate a sense of urgency for the customer to respond

Marketing tools you can use today

There are many tools you can use to market to potential customers and create a number of leads for your sales department to close. Thankfully, with the rise of technology, the cost of marketing has gone down, and if done right, you can create more leads for less money.
The following are some great places to start your marketing efforts for your business at little-to-no cost.

Email

It’s important to build up your email lists and to utilize those lists to market your products and services. There are many ways to build up your email lists, from having a frequent newsletter and allowing people to sign up for your newsletter on your website, to asking to add every contact you meet in various networking groups to your list. The great thing about email lists is you have a group of people who have already expressed interest in you and what you do. Taking advantage of that and staying top of mind is a no brainer.

Social media

Platforms like Facebook, Twitter, and LinkedIn provide great, low-cost ways of reaching potential customers with your products and services. For very little money, you can establish target ads and get the attention of very targeted groups of people by utilizing the demographic and psychographic filters built into these platforms ad services

Referral networks

There’s nothing like word of mouth marketing, and when your existing customers and partners can work for you, good things will happen. One way to build your business is to offer referral fees to customers and partners who bring in qualified leads that close. And with technology, it’s become much easier to track these types of programs. For instance, many Customer Relationship Management systems (CRM) have referral programs built in.

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Three qualities of successful middle-aged entrepreneurs

1. They learn to learn from failure
Fear of failure is one of the things that hold many people back from starting their own business. As you get older, you realize that you cannot avoid failure—we make mistakes! Instead, if you want to be successful, you learn to live with failure, to understand the lessons it teaches you, and to be that much better the next time. For most people, this is something that can be only learned with age. Most successful entrepreneurs and business owners will tell you that failure and the lessons they’ve learned from it has been a major factor in preparing for their present success.

2. They are more focused
When you’re younger the world is so wide open that it can sometimes be hard to know exactly what you want and to focus on going after it. This is not a bad thing, as many younger people have extreme amounts of energy and passion for multiple things and projects until they find something that sticks. But there is a distinct advantage to coming into your own, to knowing what you want and what you have to do to get it.

3. We were more comfortable with others and ourselves
Being a successful business owner takes great skill in selling, speaking, and leading others. These are skills that can only be developed over time, even if you have some amazing natural talent. Going back to learning from failures, one of the biggest things you learn is how to better sell, better speak, and better lead. Because you’ll make a lot of mistakes in those areas along the way!
This is not to say that young people can’t start and run great companies. Many do, and I hope more do! But the reality is that people in their middle ages and beyond do bring a unique perspective to the entrepreneurial table, and they can be just as successful as their younger counterparts. All you have to do is start.
To people who think their best days have sailed past them, I say, there is never a bad day to start realizing your dreams. It is never too late to be who you want to be and do what you want to do.

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