₦airaland Forum

Recently I stumbled into an article which mentioned that Facebook is under attack. Out of curiosity, I decided to read through the article. After reading through the article, I succumbed to the writer's opinion that Facebook position as the number one Alexa ranked website might soon be overthrown by another newly launched social media called Tsu. It is hard to believe that the website which was launched in last month (October) is already ranking 14,655 globally. Anybody that know about Alexa ranking will understand that it can take up to 10 years of hardwork to attain that ranking. But why this geometric growth? It is simply because of the business model that Tsu adopts which all of us can benefit from

The Model
According to founder Sebastian Sobczak, Tsu only takes 10 percent of the ad revenue it generates, passing the other 90 percent back to users. All the ad revenue Tsu makes in one day, for example, is distributed to users based on how many organic post-views they get during that 24-hour period. The more views and engagement you generate as a user, the larger portion of the pie you get.
What this means is that everyone tends to earn revenue while socializing on their website. With this business model, I think it is just a matter of few months that Tsu will become No 1 ranked website globally. For "seeing is believing" type of person, attached is Tsu Alexa ranking as at this morning.
[img][/img]

How to Join
Joining Tsu is similar to that of Facebook but the only difference is that you have to come through somebody or on the other hand, you need to supply an existing member's sortcode. This can be a challenge if you don't know any existing member's sortcode but for the benefit of those who might want to register, you can visit www.tsu.co/dollarchap to register or simply enter dollarchap as member's sortcode when required.

Louis055:
How do we pronounce the word "TSU"..

I guess it is an abbreviation just like MTN. You pronounce it by spelling.

acenazt:
well give us the sign up link

The sign up link is www.tsu.co/Dollarchap

The link is www.tsu.co/Dollarchap

Up till now , FaceBook remains the giant in Social Media world but whether this verdict will continue to hold is a matter of time. The same way that FaceBook came from nowhere and all of a sudden, overtook other leading websites such as Google, Yahoo MySpace etc, it is possible that it may soon be overtaken by another newly established social media website called Tsu.
Tsu is less than a month old, and distinguishes itself from FaceBook by sharing its revenue with users. One good thing about Tsu is that it appeals to people’s sense of fair play: you put content on a social network, you should share in the profits.
Tsu has the basic layout and functionality of FaceBook, but feels more fun – the community is somehow more like Google Plus (and that is a good thing). Tsu has hit the ground running, going public before all the features are live.
Success Secrets on Tsu
1. Share awesome content – things that are useful, entertaining or newsworthy.
2. Build a large network of friends, so that your content gets seen and shared.
3. Be sociable – comment and like other people’s posts, and share them when you really like them.
4. Forget about the money. Seriously, you need to be social because you have reasons to interact for fun or to build a community for your business.
5. Be an early adapter. This is key to the whole making money part. Invite people. This is the ONLY thing you should do for the money. A year from now, thousands of people will be banging their heads on the wall for not getting in right away and inviting their friends.

The more people you invite, the more “children” you will have and the bigger your “network” will be. Tsu will share with you its revenue based on your activity and the activity of your children and grand children, so it is important to invite A) lots of friends and B) active friends.
I can’t stress enough the “active” portion of all this. You are not paid for the number of people you recruit; you are paid for the activity you and they generate. Being an early adapter means that you have a better chance of inviting active people who have not yet joined.
This brings us full circle to “forget about the money”. Invite people and encourage them to be active. Then, just go ahead and do what you would be doing on FaceBook or Google Plus anyway. Did you notice that those first three points are the same as for any other social network? Yes, Tsu is much like any other social network in that respect, just that you get a share of the revenue that your activity generates.
If you try too hard, you’ll become a spammer and nobody wants to share their revenue with a spammer. Spammers will not get far on Tsu.
Already Tsu has taken measures to prevent spamming and encourage quality sharing. Anyone posting or sharing “Share this to earn more money” posts will have their accounts terminated. And there are daily and weekly limits for posting and friend requests, to keep spammers from running amok.
That is what makes it a great place to be – good quality content with a really fun atmosphere.
Join Tsu today then invite three social media friends to join, too. You will thank me for it later. Simply because you cannot join except you supply existing member's short code, you can enter Dollarchap as member's short code.

Historically, firms were required to buy, build, and maintain their IT infrastructures despite exorbitant and exponentially-rising costs. This presented a definite disadvantage to small or startup firms with limited financial resources. The cloud gives firms and companies of all sizes a revolutionary alternative. With the cloud, users can plug in and subscribe to services built on shared infrastructure via the Internet. The benefits are plentiful, and all you need to access QBO (QuickBooks Online) is one of the supported browsers.

Few of the benefits of QuickBooks Online are listed below:
As the business owner, you can manage your books from anywhere. For business owners who travel regularly or business owners doing their books at night at home (like so many of us), this is a real benefit.

It’s Affordable – You’ll experience cost efficiencies. Since it is subscription-based, there are no license fees, meaning lower initial costs. You pay a lower recurring monthly payment, instead of paying a software license fee up front. QBO’s support is free, included in the cost of the subscription. In addition, having a them manage all your IT infrastructure means lower IT costs for hardware, software, and the people needed to manage it all.

QuickBooks Online is especially good for businesses with a distributed workforce. If you have employees or independent contractors working from home or from remote locations they can have access to the software as needed (up to 3 simultaneous users, plus your accountant or up to 20 users for an additional fee). For instance, you or your employees can create estimates directly at a customer’s site using a laptop.

You can even give hourly employees or independent contractors the authority to log in for the limited purpose of filling out timesheets. Then you can process payroll or contractor payments easily.

QuickBooks Online makes it easy to share data with an outside accountant. For instance, if your accountant helps you close or balance your books each month or quarter; you don’t have to hassle with exchanging data. Your accountant logs in from his or her office and can nip errors in the bud by following an activity log. Your accountant can even log on simultaneously with you to show you how to do something.

Automatic Backup and Upgrades – You and your clients will save enormous amounts of time not worrying about backing up data, taking it off-site, or upgrading the data and software to the latest version or release. It’s all done for you with QuickBooks Online.
You do not have to install software on your hard drive.

You get support included in the monthly fee. The website says that if you submit a question via email, they usually get back to you within 30 minutes.

Another helpful feature: when you log on to QuickBooks Online, there is a small widget that appears on your screen with the latest QuickBooks forums discussion. You can see questions from others (questions you also may have) and be able to get answers. Or you can ask your own questions of the community.
http://otnconsultinglimited.com/index.php/premium/80-quickbooks

Depending on your business, there is a good chance that you spend a fair amount of time on the road. Plenty of people realize to their dismay that they need figures that are with their accountant or on their computer in their office. Whether you are trying to close a deal and you to confirm your figures or budgets, being able to check your accounts from the hotel, from the side of the pool or anywhere per time can keep things going smoothly for you. Remote access can also save employers costs on travel and office space.
Sometimes, it takes more than one person to make the accounting run smoothly. With remote access, branch offices can be in contact with head office. When you have remote access to your accounts, you are in a fabulous place to stay connected with everyone you need to speak to. Talk over budgets, discuss payroll, and consider profits while looking at the same information
You can have constant, up-to-date access to details of company's products, services and inventory
The reporting and collating of information can be quicker, making a business more responsive to its customers and enabling it to generate more sales.
Remote access will improve your business performance while also adding a large amount of convenience and efficiency to your life
Nevertheless, this is not without its own risks but the risks can be mitigated by putting security measures in place. It is just like having online access to your bank accounts or the use of ATM Cards. If you keep your password safe and secure, your account is safe. For more security, permission or right to access your account can be in two levels. This will make it more difficult for any unauthorized individuals to gain access to your accounting information.

Asking why accounting software for businesses is like asking why mobile phones for today’s businesses. In the time past, having a fixed telephone line is considered a major landmark in business activities but anyone one still operating at that level now will soon be pushed out of the market if not completely out by now. Running a business and ignoring or having inadequate accounting software is like building a house on top of a bonfire and not bothering to fit a fire alarm.

There are many small business enterprises that track their accounts in excel in their initial years and wait till they earn enough cash to buy an accounting package. But now with the introduction of latest technologies and huge development in technology, many companies have come up with basic accounting software which are affordable and helps in the keeping the account in right track.

With a good accounting records, you can understand your status in the market and your profit margin.


The popularity of accounting software has allowed businesses to make efficient accounting procedures. Unlike in the past, where everything is done manually, data is now recorded through in a few minutes through a number clicks and punches on the keyboard. Gone are the days when it takes hours to record business transactions.

Account software like the Sage Accounting Software has many advantages to its users. It can store data on financial transactions, track sales, list the inventory of a business, provide invoice for customers, manage projects, and many other capabilities for handling accounting needs.

The accounting software retains previous financial information entered that enables sales to be monitored and the effect of sales and marketing campaigns to be seen in real numbers. Patterns of movement in costs are visible. Any numbers produced by the accounting software can then provide the basis for management action to either improve financial control or take management decisions to grow higher sales or reduce costs.

By using accounting software for financial accounting system to critically review the business finances on a regular basis provides both opportunities for sales growth and higher profit levels but also serves as an early warning system of business problems.
http://otnconsultinglimited.com/index.php/list-of-resources/27-why-accounting-software

You can contact OTN Consulting, 20 Akinremi St., Anifiwoshe, Ikeja, Lagos. 08024768668 [url]http://otnconsultinglimited.com/index.php/software [/url]

Many people still get confused when you mention Sage 50 to them. They usually ask for Peachtree as an alternative accounting software. The news is that Peachtree Accounting Software is now Sage 50. It is the same Peachtree Accounting Software you used to know but with some new and enhanced features such as:
Company Configuration

A new optional process to help guide you through the setup of you software has been designed.

Help Centre
New search engine providing up-to-date help topics and information has been added.

Simplified Monthly and Year End
The process has been improved and made easier to understand. The screens have been redesigned and will provide help where needed. A big request was to be informed when a task was completed so this has been introduced.

Quick Tasks
Three new elements have been introduced.
- Invoices, quotes, sales and purchase orders can be created more quickly from the product list.
- There is increased automation for common processing tasks - for example sales/purchase orders and invoicing.
- You can process a 'cash sale' whilst updating stock levels from within the invoicing module.

User Interface and Language
Over 1,000 function/ feature labels have been updated and improved to ensure users know what they're doing without the need to know accounting terminology or abbreviations.
Reporting Improvements
- A new user interface with an updated look and feel has been created.
- Excel improvements now allow you to get financial information without spending hours manipulating the data.
- There are now accurate report descriptions, previews filters and action buttons.
- You can now send invoices by email without having to go into the Report Designer. - A customised reporting function allows you to create more professional looking reports.
http://otnconsult..com/2013/06/sage-50-peachtree-accounting-software.html#!/2013/06/sage-50-peachtree-accounting-software.html

Our Client, a medium sized company based at Computer Village, Ikeja that deals in IT products urgently requires the services of an experienced accounting graduate or partly qualified accountant for immediate employment as an Accounts and Admin Executive.


Responsibilities

· To Prepare and analyze accounting records, financial statements, and other financial reports

· To compute Payroll, taxes return and analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.

· To maintain inventory, customers’ account, Budgets, Impress and Bank reconciliation system.


Qualification:

· BSc or HND in Accountancy

· ICAN Part qualification may serve as an added advantage but not necessarily required.

· 3-5 years relevant experience

· Proficient in the use of Peachtree Accounting Software and Microsoft Office suite

· Must be a team player with the ability to work with colleagues across the company.

· Must be detail oriented and capable of handling large amounts of data.


Remuneration

Remuneration is as obtainable in the industry.


Method of Application

All interested candidates should forward their applications quoting the position applied for as the subject of their mail to vacancy@otnconsultinglimited.com stating their current remuneration at the right hand corner at the top of their CVs.

Our client is a growing luxury furniture design company based in Lagos that specialises in creating furniture of the highest calibre to include dining tables, side cabinets, occasional and console tables and dining chairs for high-end residential, luxury hotels, yachts and boardrooms. We also carry out small to large scale residential fitted furniture projects creating libraries, dressing rooms, TV rooms and studies all with fitted elements. The role of Production Manager requires a discerning individual with an excellent understanding of modern furniture construction techniques. He will be a person who will be called upon to liaise with suppliers on a daily basis. The individual should be able to multi-task and prioritise efficiently as well as delegate to the Production Assistant where necessary. He will prepare and co-ordinate detailed design drawings for all customers, considering all aspects of assembly, construction and installation.
The candidate will be working closely with project managers, responsible for full day to day running of our production workshops, managing timelines while meeting budgets.

Key skills:
 Technical understanding of high end furniture construction is essential
 Experience of both cabinet making and upholstery practices and techniques
 Ability to interpret working drawings and advise the design team on technical and constructional requirements
 Ability to liaise with suppliers and clients throughout projects
 Luxury brand experience
 Experience in managing small to large scale residential fitted furniture projects
 High level of confidence in site survey measurement taking
 Experience of managing projects abroad
 Computer literate - proficiency in Word and Excel is essential
 Excellent organisational and project management skills
 Some experience in CAD would be beneficial. However the successful candidate must be able to read a technical drawing in both printed and on screen formats

Core Responsibilities:
 Overall responsibility for the production department and the manufacturing of luxury furniture annually. Ensuring lead times are achieved and quality standards are met at all stages of the process
 Co-ordinate design concepts with all designers, architects, sub-contractors
 Produce drawings to the appropriate level of detail (including specialist materials)
 Responsibility for New Product Development and prototyping in conjunction with the Senior Designer
 Management responsibility for day to day duties of the Production Assistant. These include, but are not limited to, client liaison, pre-production preparation of all orders and logistics management of all deliveries and liaising with the Company’s dedicated delivery team
 The ability to source and develop lasting relationships with new suppliers when necessary
 Obtain quotes from workshops
 Liaise with Finance department daily to ensure that all relevant information pertaining to clients is up to date for invoicing purposes
 Support all work colleagues and encourage team working
 After sales – liaising with clients and suppliers regarding any after sales issues

Qualification:
• BSc/HND in Architecture or related subjects
• 5 years experience working in furniture making company
•

Method of Application
Interested candidates are invited to strictly email their CV, clearly detailing their current remuneration to oabizconsulting@yahoo.com before the end of 16th April 2013

blink182: Too much english, the best way to evade tax legally is to start a corporation and make your personal expenses company expenses. You could even make the company run at a loss continuously if you are dubious and pay nothing in tax over a long period of time.

Please, I like to mention that there is no legal way to EVADING tax. This is what most Nigerian companies have been doing only for them to realise that they are in a big mess after tax audits were carried on their company's operations. Some people based our experience are in such a situation that they are considering the option of abandoning their companies and then register a new one. The essence of our tax savings strategies is to provide a guide on how to conduct your affairs legally and at the same time save a huge amount on taxes. You will not need to afraid of any tax audit any more

Myself2: Why do you need all those info about the companies before mailing them your report,why not ask for just email addresses,or are you an agent of government trying to covertly obtain info of companies to use against them

Just asking

Not a government agency at all. Asking for detailed physical addresses should have been considered valid reason for the curiosity. Also, you understand that your form of company determines the types of certain taxes you will pay. Nevertheless, we have made 'name of the company' optional. I believe this addresses your concern. We sincerely appreciate your contribution.

There is no doubt that complying with tax regulations poses a lot of challenges for business owners in Nigeria. Some are already in such a mess to the extent that they are considering liquidating their company and then incorporate a new one. They evaded taxes in the past only for them to be slammed with huge tax liability after a tax audit. In pursuing lower income taxes, it is never necessary to resort to tax cheating or tax loopholes, or even to question the legality of the tax system. There is a big difference between cheating, loopholes, and strategies. We are coming up with a report containing strategies which can help business owners reduce or eliminate their tax burdens. This report is not about “tax loopholes” or the “gray” (questionable) areas of tax law. It is not about tax tricks, “tax avoidance,” or “red flags” to get you audited. Tax strategies are positive, legal use of the tax laws to reduce your income taxes. Tax strategies are actions you can take that automatically and legally qualify you for additional deductions. These deductions are IFRS-approved. And each and every one is money in your pocket. Some tax strategies are straightforward and obvious. Other tax strategies are just as legal, just as easy to use, but less well understood.
This report will be made available on request. Apply for copy here: http://eepurl.com/w-q5H

jamace: Good information.

But must we call you to know how to get one? Better you tell us how to get it here, bros.

You can get your Tax Clearance Certificate from the Tax Authority where you file your tax return. But it is always advisable that you allow professional to help you in this regards before you get yourself exposed unnecessarily. There are areas where you can make a lot of savings on tax legitimately. Furthermore, if you are a corporate entity, you will not be able to handle the processing of the TCC yourself. You need to have Financial Statements prepared which will form the basis for the computation of the tax payable. If there is still information which you need which I have not captured here, you can reach me via my blog. http://otnconsult..com/

jamace: Good information.

But must we call you to know how to get one? Better you tell us how to get it here, bros.

You can get your Tax Clearance Certificate from the Tax Authority where you file your tax return. But it is always advisable that you allow professional to help you in this regards before you get yourself exposed unnecessarily. There are areas where you can make a lot of savings on tax legitimately. Furthermore, if you are a corporate entity, you will not be able to handle the processing of the TCC yourself. You need to have Financial Statements prepared which will form the basis for the computation of the tax payable. If there is still information which you need which I have not captured here, you can reach me on 08024768668

Whether you are a corporate body or an individual, you need Tax Clearance Certificate (TCC). But before you can be issued tax clearance certificate, you must have rendered your tax returns to the relevant tax authority. Tax clearance certificate usually covers a period of three years in arrear. For example, if you want to collect tax clearance certificate in the year 2013, it will cover the tax paid from 2010 to 2012. So, if you have not paid any tax in the current year, you cannot be denied tax clearance certificate on this ground in as much you have paid your tax in the previous years.
Tax clearance is needed for the following purposes:

a. Application for Government loan for industry or business

b. Registration of Motor Vehicle

c. Application for firearms licence

d. Application for foreign exchange or exchange control permission to remit funds outside Nigeria

e. Application for certificate of occupancy

f. Application for award of contracts by Government, its agencies and registered companies

g. Application for approval of building plans

h. Application for trade licence

i. Application for transfer of real property

j. Application for import or export licence

k. Application for agent license

l. Application for pools or gaming licence

m. Application for registration as a contractor

n. Application for distributorship

o. Confirmation of appointment by Government as chairman or member of a public board, institution, commission, company or to any other similar position made by the Government

p. Stamping of guarantor’s form for a Nigerian passport

q. Application for registration of a limited liability company or of a business name

r. Application for allocation of market stalls

s. Appointment or election into public office

t. Application for change of ownership of vehicle by the vendor

u. Application for plot of land

v. Any other transactions as may be determined from time to time
Source: http://otnconsult..com/

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.
The article was curled from the link below. There are other relevant articles.
https://www.facebook.com/Otnconsulting

Everyone is involved in one activity or the other in the name of doing business. Ironically, it is not everyone that can be described as doing business as some of the activities do not lead to productivity. In other word, activity is not synonymous to productivity. The same way one can be moving without motion (moving forward), one can be engrossed in activities and doesn’t have anything to show for it at the end of the day. Whatever type of business you are doing, if you are not making profits, it is just a matter of time that the business will close down. Making profits is one of the main objectives of going into a business. If that is not your focus, probably you are into a charitable or non profit organisation. Making profits is not difficult if only you can....
https://twitter.com/OTNConsulting

I advise that you get a tax consultant before you complicate matters for yourself. Meanwhile, following the Facebook page below may help as it seems to handle tax matters.
https://www.facebook.com/pages/OTN-Consulting/136456489810642

At times, we tax practitioners face a lot of “hard to tackle” questions from our clients. One of such is the question above. Ordinarily, to a layman, a company should only pay tax in the year it makes profits but this is not always the case. There is what is called ‘Minimum Tax’. The law expects that....
http://www.facebook.com/pages/OTN-Consulting/136456489810642

Invitation to prequalify for bidding on specific contract is usually advertised in the national
newspapers. It is done to evaluate the capability and resources of the prospective bidder.
The criteria usually will cover the following:-

- Evidence of incorporation or Business name registration
- Registration with relevant government Ministry/agency etc
- Audited Financial Account (current three years)
- Evidence of Tax Clearance Certificate
- Evidence of financial capability
-Technical qualification and experience of key staff
- Similar project executed in the past

The above criteria are rated and prospective bidder with a score of between 70% and 100% is considered qualify to bid for the contract and is included in the list of “Prequalified Bidders” or “Competent Bidders”.

There are job opportunities for marketers currently working in a bank or an insurance company. To qualify, you must meet the following criteria:

1. Must be CURRENTLY working in a bank or an Insurance Company as a marketer.
2. Must be based in Lagos (preferably in the Lagos Mainland)
3. Must be a go-getter

You may not necessarily give up your existing job. You will leverage on your existing customers to generate leads which can earn you an amount that surpass your current earnings. If you are interested, kindly forward your updated CV to bankmarketers@gmail.com
Please, don't apply if you don't meet ALL the above criteria.

Outsourcing is relatively new in Nigeria. Some people do not even understand with it stands for. In a simple definition, Outsourcing is an arrangement in which one company provides services for another company that could also be or usually have been provided in-house. Some multinational companies have started this and many more companies seems to be buying into this business model.
As an entrepreneur, what will be your motivating factors for adopting outsourcing as a business model?