₦airaland Forum

What is the matter then

He merits the post. God will help him

A sign of relief for workers

Everyone who is ready to serve should prepare to step on toes of course!

God, we pray for peace in Nigeria! Be merciful unto us.

The whole Nigeria, the Giant of Africa! I pray we'll be able to restore our glory under this new dispensation.

It depends on where you live. Are you in a city? Are you living in the suburb area or GRA? Many factors determine the type of business you can do. I think you need to give as much information as possible. Otherwise, people will just be suggesting different business ideas which are not appropriate for your situation. There is no good nor bad business idea; it is the circumstances that surround it or the environment where you operate, among others that will make the business idea good or bad. A very lucrative business under a favourable condition may be a worst business in an unfavourable condition. Therefore, no matter how a business seems to be lucrative, you need your own assessment either personally or by a professional/consultant. Don't rush into any business. That is my advice.
You can visit http://businessinfohub.com for top business article

hunkydory:
The youth of this generation are really suffering.They live in a world where your university degree no longer quarantee that you will get a job.

That is true

God will help him

God will help him to succeed!

Hey! I expect people to contribute to this posts. You can share what you know so that others can learn. Thanks

Freshly updated

Loaded with good content

May God move this country forward under his government

We should expect surprises from this government. If this is true, it is like the man wants to follow his own heart

Personally, I will say Ngozi Okonjo-Iweala is a professional. She knows what she is doing. The same way a wife has to impoverish menu when things are "wonderfully surplus", that is the situation she found herself.

The case is technically over

The information is vague. We need the picture or the product detailed description.

You may be wondering if I have concluded the series on’ why some businesses fail’ which I started few days ago. I have not concluded it of course! The reason number two I gave which is ‘funds mismanagement’ led to this article. I reasoned that it is necessary to do more justice to the point so that people can know how to prioritize better.
For this reason I will be sharing with you the business strategy by Harvard professor, Lan Macmillan, which he called ‘the strategy of asset parsimony’
This strategy is actually a very good startup business model especially for entrepreneur with limited resources. So, what did Lan Macmillan say about this strategy. The strategy is in form of commandments as it spells out ‘don’ts’ about business. Below are the guidelines of the strategy:


Do not buy new what you can buy secondhand
We all know that anything bought secondhand is less expensive than new items. With the types of goods we have in the market today, some secondhand goods are more durable than the new ones. Buying secondhand items does not necessarily imply that you are buying inferior items. Even, if the value is not as high as that of the new ones, you can still make use of secondhand in as much it delivers desired results. By the time you stabilize and are ready to buy new, you can even discover that what you would have bought new by spending huge amount of money that time is now outdated.

Do not buy what you can lease
This is a vital source of finance for companies. Unfortunately, only few people know about this or make use of the opportunity. Instead of outright purchase of equipment, you can actually lease the equipment from a leasing company. Instead of huge cash outflow at a time for the purchase, you only need to pay rent which can be monthly, quarterly or annually depending on the agreement. This will not only ease your liquidity; it will also afford you the opportunity to use the equipment and get to know its features before embarking on the purchase of your own.

Do not lease what you can barter
Have we forgotten trade by barter? This used to be a means of exchange before the advent of money. You look for somebody who needs what you have, the person exchange it for what he has that you are in need of. If there are items such as furniture, computers and other assets that you are not using, why can’t you exchange it for what you need? You don’t need to do this in a traditional trade by barter. The best way to do this is to sell those items and use the proceeds to buy what you need.

Do not barter what you can borrow
If you can easily borrow what you need without any stringent conditions attached, then you might not need to dispose your assets as they can still be useful in the near future.

Do not borrow what you can salvage
There is something with borrowing. Any time you borrow, you become a debtor to the lender. Even, if the person is not expecting repayment, you owe the person the credit which you might need to pay in another form.

Do not salvage what you can get for free
You will agree with me that it takes some efforts on your part to salvage. So, if it is something you can get for free, why not? You can use your time and efforts on other productive things.
If you apply this strategy, you will discover that you can actually achieve much with whatever resources you have.
Source: http://www.businessinfohub.com/2015/05/28/what-successful-entrepreneurs-do-to-succeed/

Good art work. This will surely promote the artist

Is it powered by electricity or battery?

Is it a curse that we have oil. Nigeria seemed to be better off during the era of groundnut pyramid. It is time we diversify our economy.

I hope people will maintain personal sanitation so that Lagos will not go back to what it used to be. But for now, I will say the regained hours can be used productively.

I am creating this thread for Nigerian Entrepreneurs (especially Nairalanders) to voice their expectations from the government as relate to their businesses. What do you think government should do that will help you succeed in your business? Our contributions to this thread can form a formidable voice through which we can make our requests known.
Therefore, it is expected that each contribution to this thread should be void of attacks, allegations or condemnation. Let's present ourselves a responsible citizens who have the interest of the country at heart. Let's display a sense of maturity and decency in our contributions. At best, if you don't have anything to say, please maintain silence. For the purpose of emphasis, the topic is:
What do you think government should do that will help you succeed in your business?

All the above can drive traffic but you need quality content to retain them. If you have quality content, you will have a lot of returning audience. They will evn help you spread the news at no dime to you.

People usually contact me for business plan writing, but a lot of them are turned down because of my tight schedule. I will keep you informed any time I have such lead.

Promise is a debt!

The rate of unemployment in the country is alarming. If anyone thinks that any government will provide employment, it is like building castle in the air. How will Government provide jobs when privatisation is the order of the day? Indirectly, what the government is telling us is that they are not employer of labour. It is private sector that drives the economy. To worsen the case, it is most likely that some parastatals might be merged, meaning that there will be duplication of functions. The implication is that some people may need to be sacked.
The role of government essentially is the creation of enabling environment for small businesses and entrepreneurship to thrive. As many small businesses are springing up, more jobs will be created. Also, government will generate more revenue in form of taxes. Mostly, the development will see in developed countries are fuelled by small businesses. Even, all these blue chip companies still rely on small businesses to function. See below the statistics of the U.S. economy

Small businesses make up:
99.7 percent of U.S. employer firms,
63 percent of net new private-sector
jobs,
48.5 percent of private-sector employment,
42 percent of private-sector payroll,
46 percent of private-sector output,
37 percent of high-tech employment,
98 percent of firms exporting goods,
and
33 percent of exporting value.

Source: https://www.sba.gov/sites/default/files/FAQ_March_2014_0.pdf

The solution to unemployment in Nigeria is entrepreneurship. It is time our youths embraced entrepreneurship. They should seek for entrepreneurial education which is different from what they were taught at schools. Even for the employed, there is no job security anywhere again. Your own business is your personal security. Let's wake up to the responsibility. We shall surely succeed. God bless our Youths! God bless Nigeria!!
For top articles on entrepreneurship and how to start, run and grow your business, visit http://businessinfohub.com

The two issues can be handled concurrently. If the Government should wait till it resolves one issue before embarking on others, then the country will not move forward. Before one issue is resolved, four year term is already gone. Buhari should not be the one doing everything. That is why we have Ministers. He only needs to ensure that he surround himself with good and trustworthy people who understand the economy and know what to do.
We are all hoping for a positive change! Change that will make entrepreneurship to thrive among others.