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Nairaland / General / Is Nge.ng A Scam Site? by enricodollars: 10:34am On Jul 05, 2021
I just made an exchange from perfectmoney to Naira with nge.ng on the 1st of july 2021.

This is Monday the 5th of july 2021 and my exchange is still pending. I called on friday they said befor the end of friday.

I called this morning by 10am and bothe of their numbers not going through, no whatsapp response no live chat.

Is this a scam site and I have lost my money?

Is there any othe rone experiencing this?

Because on their site latest completed exchange is showing today but non of their contacts are going through

I just want to know if they are scammers
Business / [FREE Guide] Make $400 Daily With Only 5 Minutes Of Work - Just Sending Emails by enricodollars: 7:25am On Oct 30, 2020
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Romance / How To Naturally Increase Your Penis Size by enricodollars: 8:59am On Sep 28, 2020
Take this from me.
There are lots of scams all over the world when it comes to what truly works to increase the size of a man's penis.

There are millions of pills, creams, pump machines etc that are being sold and right now, people are still buying them more aggressively than
ever.

Why?
The reason is because a lot of men grow up only to find out that while they have most of the things they want in life, they are on the smaller
side underneath.

And that does not feel good.

I am not here to tell you that pills, creams and machines don't work (although I have serious doubts to MOST of their claims) but there are
some ALL NATURAL tips and techniques that I know do.

SIDE NOTE - Have you seen those National Geographic photos of those natives in Africa that have joysticks so long they tie them in knots? They aren't that long naturally! They did something to make them that way.

I am delighted to share this information which will help you to make your own penis bigger, stronger and longer lasting. You will be more confident of yourself and more proud of your "manhood" than ever before!

First, SMART WAYS TO MAKE IT LOOK BIGGER
I just added these tips to encourage your process.

CUT YOUR PUBIC HAIR: Not only does this make your penis look bigger, but it helps when you're doing some of these exercises. You can just give
it a "low cut". When stretching, pulling and "milking" your penis, you don't want to be pulling your hairs out!

LOSE WEIGHT: It is estimated that for every 30 pounds overweight you are, you lose one inch in length because of it is hidden underneath your fat.

[b]EAT HEALTHY AND TAKE VITAMINS: [/b]In order to eliminate any possibility of slow growth, make sure you're getting an ample amount of nutrients. This works like when a body builder is trying to develop big and strong muscles. He has to eat very well and take good vitamins.

The proper levels of minerals, amino acids, and vitamins DO have an effect on the workout process.

Also, drink lots of water!

MOST IMPORTANTLY, HAVE A GOOD STATE OF MIND: [/b]Your mentality has a lot to do with the growth of your penis. If you don't believe that this enlargement of a thing will work, it's very likely that your subconscious will make it more difficult to physically grow the penis. A
positive attitude is essential.

[b]EXERCISE IT LIKE YOU DO THE REST OF YOUR BODY: [/b]You go to the gym to tone up, get the blood pumping and to make certain muscles bigger. You can do the same with your penis and the following sections will tell you EXACTLY how it can be done.

[b]STRETCHING TECHNIQUE ONE

If you really want to enlarge your penis, this is the technique a lot of men swear by. You can perform this while standing, lying down or sitting down.

This is stretching and it is indispensable if you want length increase in your penis. You will have to do about 3 -5 minutes of stretching per day.

The goal of stretching is to slowly get your penis used to the stretch.

STEP 1 - With the penis in its flaccid state, take one hand and grip it firmly. Anywhere will do as long as it is not directly on the penis cap. Be careful not to cut off too much circulation.

STEP 2 - Pull your penis out directly in front of yourself. Stretch it as much as you can without causing pain or discomfort. Hold it there for about 30 seconds. After each round, pull it out slightly further each time.

STEP 3 - Relax for one minute. "Twirl" your penis in a circular motion about 30 times. This gets the circulation flowing again.

STEP 4 - Repeat Step Two again 4 times, except pull your penis in a different direction each time... Up (penis pointing towards ceiling), Down (penis pointing towards the floor), to the left, and to the right. After each 30 seconds pull, repeat Step 3.

STEP 5 - After you've completed 5 pulls (30 seconds each), pull your penis out directly in front of you one more time. Give it a good 1-minute
stretch and 10 slight "tugs" outward, not jerking too hard. Stretching the penis with your hand produces the same results as traditional penis weight systems. There is nothing wrong with designing your own way of gripping your penis, as long as you know where and where not to apply the wrong pressures. Again, DON'T HOLD TOO TIGHT, otherwise you'll cut off the
circulation.

This exercise will ensure a longer penis within as little as 2 weeks, but within 3-4 months will really be noticeable.

Common Question - Can I hold each stretch longer than 30 seconds?
Answer - It is advisable that you use the 30 seconds basic when you are just starting out. Over the next 5 weeks, you can now increase it up to 60 seconds per stretch.


STRETCHING TECHNIQUE TWO
This technique is very similar to technique one. A lot of upcoming porn-stars who want to quickly add up to 2" to their penis use have admitted to using it. It is also known as the JAI stretch.

Here are the instructions:
1. [/b]While in its flaccid (limp) state, take one hand and grip around the head of your penis. Grip firmly, but not hard enough to feel discomfort or cut off too much circulation. (Remember: Pull gently)
[b]2. [/b]Pull out directly in front of yourself with enough force to feel a good and painless stretch in your penis. Hold and count for at least 30 seconds to one minute and ...
[b]3. [/b]Release the stretch for about 2 seconds before you stretch again. Then continue doing this until you've logged in 5-20 minutes of
stretching for one session.

That is all you have to do here. This works mainly for increasing length.



[b]STRETCHING TECHNIQUE THREE

This is one of the ancient sexual secrets. It involves stretching the penis in both flaccid & erect state. As is the case with most of these ancient methods and healings, it is a little esoteric and describes some practices that may be unfamiliar to you.
But for purposes of this article, we will print the technique as it is described in the Taoist teachings:

Inhale air through your nose into the throat, then swallow and press it down to the stomach. When the air reaches your lower abdomen, press it
into the penis itself.

Take the 3 middle fingers of your left hand and press them to the Hui- Yin midpoint (this is the small space that is between the anus and the
scrotum). This lodges the power in your penis.

Resume normal breathing, still keeping the left fingers at the midpoint.

With your right hand, begin exercising the penis by pulling it forward & backward, stretching it out in a smooth rhythmical motion 36 times.

Use your thumb to rub the glans of the penis until it is erect. With your right hand, circle the penis firmly at its base. Still holding firmly, slide your hand forward an inch. This locks the air energy into the penis,
pushing it toward the head.

Pull the penis out to the right, then rotate it fast 36 times clockwise and counter- clockwise. Then pull the penis out to the left and do the same.

The energy of many of your body organs flows into the penis, which enhances its tone and function.

Complete the exercise by gently beating the inner right thigh with your erect penis 36 times, then beat the inner left thigh 36 times.

This technique works well. Just follow the instructions and you will get used to it.


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Car Talk / How To Import Clean Tokunbo Cars From The US To Nigeria Within 5 Weeks by enricodollars: 8:08am On Sep 28, 2020
You can buy fairly used cars online from the comfort of your home while saving hundreds of thousands of Naira for every new car you buy using a simple 5-step process 97% of Nigerians do not know

Right now, if you walk to any car dealer shop in Nigeria and ask for the price of a clean Ford Edge 2010 model, the lowest price you will get is N3.5m

But you know what?

You can import this SUV and the total cost for importing, shipping and clearing it at the customs would be approximately N2.7m (thereby saving N800,000)

​Here is the Breakdown: (please not all are approximate)

​(1) Cost of buying car – $4100 (N1,496,500)
(2) Cost of shipping to port – N54,750
(3) Cost of shipping to Nigeria – N438,000
(4) Cost of clearing at customs – N720,000

TOTAL: N2,700,000

​The Best Part is… You can ​Process Everything From your Mobile Phone or laptop!

The only part of the entire process that could take you outside is going to the bank to send money for the car payment.

Apart from that, every other thing can be done from your mobile phone or laptop.

Basically, almost all the cars in Nigeria today were imported from overseas and there are two different ways of buying and importing cars from overseas.

The 2 main ways have to do with:
1. Buying brand new cars: This is not the main point of discussion here. So, I won’t be talking about it.
2. Buying Used cars: These are the cars that we refer to as Tokunbo. As at 2019, it was said that Nigerians imported cars to the tune of $70 billions and I believe this is true because majority of the cars we use in Nigeria are used cars.

Now, here is what you need to know.

People in developed countries like the U.S usually buy brand new cars and most of these cars are fully insured.

So, when such a car gets involved in accidents, get exposed to bad weather, has scratches etc, the cars are listed out for sale by the insurance company.

The owner of the car takes the car to the insurance company. And the insurance company collects and replaces the car with a
new one and put the old cars out for sale at auction for a very cheap price.

So, people like you and I can now go to these auctions to buy these cars for very cheap. Far more than their normal cost.

That is why someone could buy a Range Rover sports 2016 for as low as $5000 (excluding other charges)

In auctions, cars are sold at the highest price that people are ready to pay, determined through bidding.

Let me explain better with this illustration:

Let say, the auction company wants to auction out a 2005 Toyota Camry Considering the year of the car, model and the little fault the car has, they might decide to place an auction startup price of $500 that’s (N182, 000 ) on it.

And whoever is interested in buying this car is regarded as the bidder

The bidders are expected to have checked-out the car and inspect them to see the damages and faults the cars has even before the auction starts

Once the auction starts… The auctioneer will announce the startup price for the car to the bidders and all the bidders will have to win the car by bidding for it.

Whoever bids the highest wins the car and the winner of the car is expected to pay for the car within 3days. Failure to do that will surely attract overdue payment charges fee of about $400 to $1000 depending on the company’s rules.

And the winner is also expected to pick up his car after payment within 5days or pay $50 everyday till he is ready to pick the car.

2 Types of Auctions
There are two ways a buyer can buy cars at auctions which are:
1. On-site live auction: This type of auction requires the bidders to be present physically at the auction scene to inspect and bid amongst over millions of cars available for auction during the event.
2. Online live auction: this types of auction is where the bidder will be available online to check-out and bid for cars online while the on-site live auction is going on. This is the type of auction we are interested in.

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Adverts / Get A Professional Website For Your Business Plus How To Get Clents by enricodollars: 9:15am On Sep 07, 2020
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Adverts / FREE Service - Get Your Business Noticed On Google And Get More Customers by enricodollars: 9:03am On Sep 07, 2020
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Have you ever done a search on Google for 'Plumber Near Me' and noticed the results showing a list of plumbers close to you? Your business needs a local listing for your customers to find you in the same manner.

I will help you create a Google listing and optimize all the information you need to fill out to get your listing found when customers search for your business.

Whether you already have a website or not, within Google My Business, their tools allow for an additional website within the local listing. I will help you create and optimize the website.

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Agriculture / How To Start Poultry Farming Business In Nigeria by enricodollars: 8:27am On Sep 07, 2020
Poultry farming is the breeding of domesticated birds (chicken, turkey, geese, duck, etc.) for commercial purposes and/or for personal consumption.

Poultry farming is a lucrative but delicate business. Lucrative in the sense that the consumption of the end product; chicken and egg are in constant demand up and down the country and it happens to be a potent source of animal protein outside fish, pork and beef. More importantly poultry products fall into the category of white meat, believed to be more healthy for human consumption.

Delicate in the sense that producers are very careful in caring for the birds to avoid disaster which could be as a result of disease infecting the birds. A good example of the kind of disease that can infect the birds is “bird flu” which can wipe out the entire birds in a matter of days.

Nigeria is a huge market for poultry products since people tend to prefer poultry products to red meat because of the health benefits it is believed to bestow. Some of the diseases affecting particularly the elderly people such as high blood pressure, cholesterol and heart related diseases are associated with red meat.

Table of Contents

Why Poultry farming business is lucrative
Branches of Poultry business
Steps to start poultry farming business
1. Take time to learn the tricks of the business
2. Decide on broiler breeding or egg breeding or both and have your investment ready
3. Set the location of your farm
4. Put up a poultry farm structure
5. Procure equipment for the poultry farm
6. Workers for the poultry
7. Buying of chicks
8. Feeding the chicks
9. Selling the products
10. The budget
Conclusion

Why Poultry farming business is lucrative

The choice of white meat over red meat makes the demand for poultry products a choice of business for many people.
Ready market The market is available for these products since everybody, young and old, rich and not so rich eat poultry products
Quick return on investment Investing in a day old chick, in forty five days has the potential to bring in high profit.
Initial capital outlay. The initial capital is low compared with some other investments. With as little as ₦50,000.00, you can start with about 100 day old chicks and in less than two months, you are selling fully grown chickens or you are selling eggs. However the downside of poultry farming you must be aware of include:

The poultry farm may experience disease outbreak. If the disease is not controlled quickly it may be disastrous
The feeds may be of low quality which may lead to malnutrition of the birds

Theft by workers of the poultry farm cannot be ruled out.


Branches of Poultry business

Choice of the type of poultry business you would want to start. There are basically four different branches of poultry business commonly available you can choose to go into, they include:

Broilers breeding You can go into this branch for meat production. The day old chicks grow in less than two months
Breeding of layers This is for egg production, chickens lay eggs for an average of two years and five months before becoming weak. They can be sold off at this stage.
Production of poultry feeds. This is another area you can do business, since the market is readily available. Those in the business of raising day old chicks must buy feeds, all you have to do is to produce the best feeds and make contacts with poultry farmers.
Production of poultry equipments. This is a huge market on its own. Poultry equipments are so many, you can choose to produce some of them, they include:-

Feeders: the device for supplying feeds to the birds
Waterers: The device used for supplying water to the birds
Nests: The place chickens lay eggs.
Cages: Boxes made specially for keeping birds
Coops: a place where the birds are housed.
Incubators: Device to keep eggs warm until they are
Perches: Place of rest for birds
Brooders or heaters A heated structure for raising young fowl.
Waste/disposal system

Now you have an idea of the various aspects of poultry framing business, let us go into the nitty-gritty of how to start poultry farming and succeed in Nigeria.

However I will be discussing about the production of broilers breeding (for meat) and layers breeding (for eggs) since that is what the majority of players in the industry are into. In summary, I will call this poultry farming for beginners.

Steps to start poultry farming business

Here are the steps to start poultry farming business:

Take time to learn the tricks of the business
Decide on broiler breeding or egg breeding or both and have your investment ready
Set the location of your farm
Put up a poultry farm structure
Procure equipment for the poultry farm
Workers for the poultry
Buying of chicks
Feeding the chicks
Selling the products
The budget


Continue reading to explore the steps in details.

1. Take time to learn the tricks of the business
Many people who are quick to rush into the poultry farming business regret afterwards. It is a delicate business and only those who play by the rules succeed because breeding a day old chicks is not something you can be careless about lest the entire chicks die before you wake up from your slumber.

So the first thing you do after deciding to go into the business is to start a training course on how to breed chicks. Courses are organised by different agencies on how you succeed on poultry farming.

Enrol or consult a farmer, pay a token fee, and he/she will put you through. The reason for this training is that handling day old chicks is extremely technical and a novice in the business must surely get it wrong, leading to the closure of the business. Contact ABC Africa for practical training.

2. Decide on broiler breeding or egg breeding or both and have your investment ready
Your scale of operation depends on the amount of money you have available and how much you can access from the financial institutions in the course of time.

So if your investment runs into millions of naira, you can begin by acquiring a plot of land and putting up a structure deemed appropriate for the business.

You must consult an expert in this area if you do not want to lose money. Two areas to invest are commonly undertaking by many people, i.e. broiler chicken for meat and layers for egg. People do engage on this area of poultry business, i.e. poultry farm for poultry feeds.

The area is not uncommon and can be very profitable since the danger of losing your chicks as a result of diseases do not apply.

3. Set the location of your farm
In locating your poultry farm, you must take certain things into consideration such as nearness to the market where the products are going to be sold but away from the town. It must be emphasized that nearness does not mean close to residential areas since it is disallowed by law.

Moreover, you must consider the noise and odour coming from the birds. But wherever the farm is located, it must have access to roads, adequate security, power and clean water supply, etc.

4. Put up a poultry farm structure
There are mainly three types of structures for your poultry. Only two are preferred, one is not recommended.

The three are:

Free roaming system Here the chicks are given the freedom to roam about and fend for themselves. It is highly not recommended since you do not have control of the birds.
The sawdust system The house where the birds are kept is filled with sawdust and the chicks can move freely about within the enclosure. The sawdust must be changed frequently in order to keep the chicks safe from disease.
The caging system Here the birds are housed in cages. Different sizes of cages for different sizes of chicks. In this battery caging system, there is always provisions for the feeding of the birds, laying of eggs and dropping by the birds. The battery caging system is highly recommended because each group of birds are housed in a separate cage that it gives the birds freedom of association but it could be more expensive. For commercial purposes, the battery caging system and the sawdust system must be large enough to give the birds freedom and good ventilation.


5. Procure equipment for the poultry farm
The equipments required for poultry business are many and they are all important. Most of them are listed above so you can find out the prices depending on the scale of operation you want to go into.


6. Workers for the poultry
If you are operating at a low scale (between 150 and 400 chicks) you can safely manage it yourself, but beyond this level, you engage some workers to assist in the daily operations of the poultry. But as a beginner, I would recommend that you operate in a small way until you get more mature. But if however you are a novice, you can engage an experienced person to work with you for a fee until you gain all the knowledge required to be independent.


7. Buying of chicks
You must research for the trusted poultry farmers and buy from them. Try to avoid the risk of buying unhealthy chicks or chicks that were not properly bred in terms of good nutrition’


8. Feeding the chicks
At the onset, you can begin with already prepared feeds until you are conversant with the feeds production. So buy already prepared feeds from trusted feeds sellers and wait until such a time you can prepare the feeds yourself.

Please for the medication rules, you must vaccinate the birds at the right time and always provide them with clean water as well as maintain proper hygiene to keep the birds healthy.


9. Selling the products
You must begin consultation from the outset of the retailers of eggs and know the prices that they buy crates of eggs. Collect their names and addresses and inform them that you have a farm and that in a particular time you will begin to supply them with eggs. You must make similar contacts for the sale of live chicken.


10. The budget
It will be a futile exercise to run down for you how much it will cost you to start your poultry farming. I would advise you to make a list of all the equipments you would need in the poultry farming business and do some window shopping in order to gather information on the prices. Also don’t forget to find out the cost a day old chick as well the poultry feeds. This is a basic Poultry farming business plan. After feasibility studies, you will have a more solid understanding.


Conclusion
Poultry farming has many ups and downs and can be profitable if handled with care. To be successful in the business, you must be very careful, play by the rules and be patience.


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1 Like

Business / 5 Businesses To Start With Less Than 100K In Nigeria. by enricodollars: 10:44am On Aug 24, 2020
1. Soap business to start with less than 100K Naira

I am not talking about some kind of no-fragrance soap. I am talking about luxury soap with a yummy appearance – just that you cannot eat it:-). The equipments, work tools and materials for making a soap are not so expensive. The first thing you will need to do here is to educate yourself further about soap making, create a business plan and decide what which niche you want to serve.

In soap making, you can strictly decide to serve cooperate clients like hotels and restaurants or you develop a retail brand of soap you sell strictly to smaller retailers. You can decide to go into direct to customer selling which is very time intensive.I always advice my students to choose between focusing on production or focusing on retailing. Doing both is possible but it will not allow you grow fast into a world-class business.


2. Food stuff delivery service business
Food delivery business to start with less than 100K Naira

As Africas population begin to grow massively, migration from rural areas to urban areas is increasing. What does this mean for you as an entrepreneur? We have seen this happen in Europe. People begin to live very fast lives and are disconnected to healthy source of food. Soon health issues increases and people then get conscious about what they eat. This would happen in Africa soon. So now, you have the opportunity to build a fresh business idea by connecting local farmers to the urban areas.


Wait!

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3. Affiliate marketing or direct sales business.
Affiliate business to start with less than 100K Naira

The concept of direct selling is not new to Africans at all. Actually it is laid in our DNA. Remember those ladies selling clothes on campus? Or that your mums friend selling Ankara fabric to her friends, including your mother? Remember Aso-ebi? Global brands like Tupperware and Avon have long mastered this business and are multi-million dollar companies.

They offer customers the opportunity to build a network and sell the products. The advantage here is that you are showered with amazing tools and selling techniques. The cost to start is very little. So you can primarily learn from them and build your network of direct selling with local products from producers within your country. With some great communication skills you can select a good number of unique products to sell to your network.


4. Perfume production business
Perfume business idea to start with less than 100K Naira

This business requires basic chemistry knowledge though, but with a capital of less than 100K Naira, you are good to go. If you do your homework, meaning educate yourself more about the art and chemistry of perfume making and you have the right product and packaging, you can target high class professionals like bankers, marketers and other service professional, because they just “need” to smell good, right?

Like I mentioned, packaging is key in this business. Even due to the fact that perfumes have a very long shave life, meaning they do not get spoilt easily, you can quickly grow this business into an exportation business. It is always safer to have one product line and make sure it reaches more customers around the world than to expand to many product line in the same location.


5. Fashion retail business
Fashion business idea to start with less than 100K Naira

In this sector, you have so many option and mind you, Africa is a massive market. When I view fashion as a business, I am in no way referring to high-end fashion or what they call “Haute Couture”. That is not where the big money is. Look at brands like Zara, H&M, Mango, Asos and such. Although I do not recommend their some of their business ethics, it is clear that these retail houses are leading when it comes to fashion and you know why? Because they discovered and focused on the mass market.

So you as an aspiring entrepreneur in Africa, where the mass market is massive like hell, I wonder why we do not have real big or multiple mass fashion retail brands. There is a way to start off your retails brand and grow it into a chain with very little cash. Start with a consistent pop-up plan in strategic locations and leverage the power of digital marketing.


Conclusion – Its not all about cash, it is about if you know how to start!

There are more ideas and remember I only introduced 5 business ideas to start with less capital.

Thank you so much for reading this very long article. I know, it is long. Sorry jare (Nigerian slang), but I just felt it is important to share this knowledge for the common good.


Wait!

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Business / How To Get Your Business Funded Writing A Great Business Plan by enricodollars: 11:31am On Aug 19, 2020
It is not uncommon for small businesses with limited resources to be challenged at the thought of facing their bank manager to apply for business funding. The reason is simple; regardless of how long you have been with your bank, you will still have to comply with formalities when it comes to funding your business start-up or business growth. Fundamentally, you will be asked to write a business plan for funding which must be presented with your application form. You may wonder why you need to present a business plan to lenders or investors. Let's think about why banks want you to prepare a business plan and then you will fully understand why investors ask for this precious document that will cost you some time and money to put together, but ultimately, if done well, will help you raise the much needed finance.

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Some Reasons Why Banks Need A Business Plan

1. Banks are taking a risk on you and your business and they need to understand that risk and compare it against the expected reward from your business. Have you ever thought about how banks make their money for their shareholders? Well, they do so investing their capital (money - usually investors' funds and borrowed funds) in your business with full expectations of earning higher returns than the costs they must pay for borrowing or raising their own capital. If you fail to deliver the returns on their investment from your business, they will end up being a victim of your problems which will cost them their business. In short, your risk of business failure becomes their risk too.

2. They want to gain a better understanding of your management team who will be responsible for managing the funds invested in your business. This is a concept many small businesses and start-ups, don't grasp fully. They may think their business ideas or wonderful products are sufficient ingredients for business success. Nothing can be further from the truth. A business is an organisation of integrated functional activities designed to accomplish a desired objective. These integrated activities must be managed competently by different people inside or outside the organisation for successful results to be accomplished. The bank manager reviewing your application must be satisfied that your team possesses competencies both at the level of technical knowledge and correct attitude - the critical ingredients for success when present and vice versa. A business that is poorly managed will fail irrespective of the quality of its products and benefits offered to its target market. With this in mind, you must be aware that when you apply for funding from a bank (or any other types of funders), your management team's quality will have to be judged based on past performance. They also want to know if your management team possesses industry, business and market knowledge. Of course, if you are a one man business, you need to ensure you put in place a team, virtual or physical that brings the balance of expertise critical to give assurance to the bank that your business will not expose them to unmeasured risks.

4. They want absolute assurance that your business model is robust. That you have thought about the pros and cons of each option and have a viable business proposition that is not devoid of reality. This will be tested with questions in areas where gaps are detected and you will be expected to give answers that are credible to ensure their funds are not exposed. Banks want to see positive returns on their investment in your business, they won't make any compromise for your own short-comings and the sooner you address the weaknesses in your business plan the faster you will be able to raise funding for your business.

Taken together, irrespective of whom you wish to raise funding from, if you want to successfully fund for your business as a start-up or an existing business seeking growth, you must address all the four areas mentioned above in your business plan. I have merely summarised some of the key points for you to bear in mind and you can find more of my articles to learn about the subject thoroughly. In my experience of writing and reviewing hundreds of business plans for funding, a clearly written concise 10-15 pages business plan is sufficient. This should include 3-4 pages of financial information and may I also caution you to stress-test your financial plan for variation in assumptions underpinning cash-flow projections to ensure you have plans to mitigate risks revealed by the tests, as the bank will do so as part of their own due diligence test. This is referred to as sensitivity analysis.

Good Luck


===============================================================
If You Want A Step by Step Guide For Raising Funds For Your Business, Chat Me Up on Whatsapp

+1 713 893 7110
===============================================================
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Business / 3 Ways To Get Your Parents To Support Your Decision To Become An Entrepreneur by enricodollars: 5:36pm On Aug 25, 2019
Most parents in the 21s century are not successful entrepreneurs, but rather people who have built their lives around the white-collar industry. For those who run businesses, very few of them are very successful, some are moderately successful, and the remaining are using the proceeds of their investments to literally survive in the society.

With most parents having had a rough life and known so many people in their lives who ran businesses but never achieved true success, they panic whenever their kids walk up to them and say they want to become entrepreneurs.

Whenever this question pops, many of them go into panic mode. I had an even worse experience several years ago, and am glad today that I took the decision irrespective of what my parents wanted for me.

If you’re young, straight out of the university, and are planning to start a business of your own, here are 3 ways to convince your parents to support your decision to be an entrepreneur:


1). Determine What Business You Want To Start Up:

The first thing is to find the right business idea you intend to start up based on what works and can guarantee a quicker cash flow, rather than what just sounds amazing and has a higher level of uncertainty. The reason is at the start of your entrepreneurship career, you need a constant source of income before you go on to chase extreme risks, and so, solving this by first venturing into a business that’s better guaranteed to enable you generate revenues quicker will tend to improve the chances of your parents supporting your dreams.


2). Don’t Quit Your Job Just Yet:

If you already have a job, don’t quit it just yet. While I never worked for anyone, the same scenario may not necessarily work for you, and so, it’s important you hold on to the job as a source of pocket-money pending when you’ve fully set up the business, have a few paying customers, and are certain that you’re burning less cash for better results.

When your parents know you’ll hold on to the job which they so dearly want you to have, they’d be more comfortable supporting your entrepreneurial dreams.


3). Prove Yourself:


The final bout that’ll give your parents the ultimate confidence to completely support your entrepreneurial dreams is to prove yourself and eventually grow a successful small business. When this happens, they’d be more than comfortable and will support you all the way till your business becomes a large thriving entity that almost anyone can reckon with.


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