₦airaland Forum

databoy247:
Crypto trading free signals

Before I begin, please note that whatever information I drop here is not in anyway a financial advise or instruction. Please ALWAYS do your own research and ALWAYS invest what you are willing to lose.

That said, I'll be dropping some hot crypto trading signals here for anyone interested.

Remember, it's just buying and selling.

My preferred platform is Binance.

I'll post the signal and results afterwards.

Good luck.

Primely Seated.

Strongdickfresh:
Civil Engineering is an occupation for....


Thanks.

Congratulations man! You are a very brave man with a bright and quick mind. Super talented and highly gifted. Your type of gift is rare,it takes one serious firm to spot you and they will pin you down for life with juicy and extravagant salary offers.

I am only concern how your story went where you narrated how you first made your first N20,000,000(Twenty Million Naira!). Even whilst I am not doubting you, I think it's inappropriate, or should I say unbelievable that a contractor could entrust you with such huge amount as a first timer!

You never had a registered business or company!

You have never had a corporate account that can take such amount of money!

You have no treaceable office of enquiry

And many more others...

How long did it took you to withdraw the money, since your student's account withdrawal limit was N500k?


While this story maybe overhyped, I think you have successfully succeeded by inspiring great hope in me, cos what I am doing, I am certainly going to work harder, since what you narrated here can easily be replicated, regardless of whatever business you are into...

CsRockefeller:
Ha!! This is serious o. Seems u have decided to overlook things. I don't think I would have done so if I was in your shoes. It's well.

Hello mam, are you business savvy? There are some opportunities I would like to share with you? Let me know of you might be interested. Thank you.

olaboy33:
Read through your diary, I must say I've got a lot to learn from you. I'm currently around the age you were in 2010.

Currently on my NYSC, I need directions and mentorship on the new life to come.
Please i would love if you could give me some guidelines. Here is my whatsapp line +2348170379990.

Thanks.

Are you still interested?

Solofresh2:
Hello fellow Nairalanders,
Please I need your advice on this.I find it hard to express myself to people because of been rejected by them
I find it hard to express myself because of being criticized
I find it hard to express myself even at my place of work because of being sacked going back to square one
There are somethings I don't voluntrily want to do when people ask me to do then but I can't say no because I don't want to look bad
I lack self confidence too
I really need help because deep down I hate it when I can't express my feelings to people
Have been pretending to enjoy pain and stress since I was born and now am 21 years of age,no school,no handwork, always feeling shy but I have one talent which is music but I don't know how to go about it and I don't want to see sucide as an option
I blame my parents for this things because when I was small, they don't allow me to go out and experience life
As I write about this now,I feed myself and instead of them to give me, they are always demanding from me
I don't even know where to start from
Am tired of this goddamn world!

Op, I understand what you're currently passing through. I have also been there like many people have said earlier. One sad thing about this your situation is that if you don't conquer it, you will inadvertently transfer it to the next generation. Which is obviously a disservice to innocent unborn children.

My simple advice is:


Hang out more. There's no consolation in isolation.

Meet people. Be the first to introduce yourself.

Confide in someone you can trust. Male friend or female friend.

Initiative conversation even when you're afraid to do so. Your ability to conquer one step will take a step higher than your current status.

Above all, go out tomorrow and buy this book: THE POWER OF POSITIVE THINKING by Norman Vincent Pearl. Apply yourself to the scriptural instructions as they are written there. Get an accountability partner (I can be yours if you don't mind)

Do all these, and you will never remain the same.

Self development and self improvement are also things you may need to consider invest. You can always get better.

Amazing article. Can this possibily apply here in Nigeria?

Ohh my Lawd!

How did we here in this sort country?!

So, upon everything happening in Nigeria, this is what they think they will so to get back at the Easterners.

You know we joke alot in this country!

Genea:
Always ensure you have the controlling shares

Not when you need serious fund from VC firms for venture Financing. Most especially if you want to scale your operation beyond your current business space.

Born2winnx:
Me am giving just 30% shares out to investors.

Lol..


On what ground will you give out to the 30%? There's a process to all these stuff about company valuation and the dilution of equity in stakeholders Shareholding structure.

Agent8706:
The first time I saw this crap was in Spiderman when Norman Osbourne was fired from his own company and I thought this could only happen in the movies.

But I had an opportunity to work with corporate lawyers and knew the processes of registering a company. If you want to retain full ownership of your company, make sure you don't sell your share of the company to exceed 49.9 percent. Meaning you must have at least 50.1 percent of the company share. Anything below that and the shareholders can come together and boot you out if they have majority of the shares.

Corporate lawyers in the house can correct me if I am wrong

Your explanation is fair enough! Makes sense.

socialmediaman:
If the board’s collective shares are above 50%, they can fire the CEO even if he’s the founder of the company.

You are absolutely right! Pre-emptive Right in play! It's one of the salient clauses on the Shareholder's Agreement(SHA)

thebosstrevor1:
Yes.

Many startups founders suffer from this problem. They eventually become employees or they get sack from the company they founded

Smart founders do not allow outside investors have a higher share than them.

Doesn't matter, that's if you're futuristic with the business. Perhaps you need to read what happened during the days of Econet, Ibori and the 18
other Nigerian investors.

Premiumwriter2:
I'll personally draft and create a contract and get the very first investors to sign that at all times I'll own 60% of the shares.

All share sales and dilution will come from the remaining 40%. Can't come and form a company and then some modaf*ckers will push me out.

This response shows that you're not yet ready for the big game. It's mostly how has the bigger part of the money that controls the Board.

Except if in a case where you are the majority shareholder based on what you brought to the table, not necessarily because you found the company, if not I will advise you forget about control and of those limiting mindset.

This is more reason why Africa businessmen and Entrepreneurs will always remain small. By the way, there are several technicalities to how these things work. It's not just a work in the park!

Dangote vs BUA Cement? Which is a better investment?

Dangote Cement has a market capitalization of N3.65 trillion, while BUA posts a N2.49 trillion capitalization, but does size win?

I want to review the performance of the largest quoted companies in Nigeria.

On the Nigerian Stock Exchange, they don’t come any bigger than Dangote Cement (Dangote) and BUA Cement (BUA).

Only MTNN stands with both cement companies in terms of market capitalization. Dangote and BUA are both blue-chip companies, in the same sector and both enjoy federal import protection, they also both serve a local market with huge demand for cement.

Let us assume I have N100,000.00 which should I buy? Let us review both stocks with FY 2020 results they posted. For consistency, I am going to use my trading view terminal numbers.

Market Capitalization:

First, we talk about capitalization, (Market cap is the number of shares issued x market value of shares ). Dangote Cement has a market capitalization of N3.65 trillion, while BUA posts a N2.49 trillion capitalization.

Does size win? Dangote is bigger? Not yet!

Market Price

With N100,000 I can buy about 465 shares of Dangote at N215 a share and 1,360 shares of BUA at N73.50 per share. Is BUA cheaper? do we have a winner? Not quite.

Let us dig deeper!

Dangote Cement posted a Net Income figure of N276 billion, if we divide this earning by the number of issued shares which is 17 billion, we get an Earnings Per Share (EPS) of N16.14, so every share of Dangote Cement earns (not pays) the investors N16. Similarly, the Earning Per Share of BUA is N2.0

Thus when I buy Dangote Cement N215 per share, I am buying 16 times the earnings of Dangote. We can simplify this by simply comparing the price I pay per share of Dangote to the EPS of Dangote (Price to Earnings Ratio), thus I invest my cash of N215 to buy 16 times the earnings of Dangote, thus the Price to Earnings Ratio of Dangote is 13.31 (P/E).

Using the same calculation, the price for each earnings of BUA (the P.E.) is 35.38. This means even though I am paying more cash for each share of Dangote, I am paying less to buy the earnings of Dangote, thus Dangote is cheaper than BUA.

So our first milestone is reached, we have used the Net Income, Market Price, and Number of Issued shared to get the Earnings Per Share, we have then determined what amount of earnings we are buying to determine which stock is at a bargain.

What else?

Let us look at the earnings that will be paid in cash. Remember, Earnings, is just the Net Income of Dangote, we as equity holders have the opportunity to share in any portion of the Net Income.

Dangote in 2020 paid out from earnings N272.69 billion as dividends, this translates to about N16 per share or in terms of returns 7.44%. We get this Dividend Yield return by comparing the dividend paid to the market price per share (D/P).

BUA also in 2020 paid out N59.26 billion as dividends from earnings, this translates to a dividend yield of 2.81%.

So, if I invested N100,000 in shares of Dangote Cement, I would earn a cash return of 7.44%, if I did the same with BUA I would earn a cash return of 2.81%.

Let us go a bit deeper…

When you buy a stock, you are buying into the earnings and cash flow. Dangote Cement in 2020 earned N276 billion and paid N272 billion as dividends meaning they retained about N3 billion for that FY while generating over N248b in Free Cash Flow.

Similarly, BUA earned a net N71.52 billion, paid out N59 billion in dividends, retained N19 billion but posted a negative Free Cash Flow of (N95.49 billion).

Should BUA cement have simply used that cash to finance working capital rather than paying it as dividends? Perhaps. Let us speak more of Cash flow.

Cash retained is cash not paid to you the investor. You have to ask how well your company is utilizing that cash retained. Should it all be paid out as dividends? Or retained in the company to fund expansion and growth?

Look at it this way, if Federal Government Bonds were offering a Yield of 15% and we see that Dangote is offering a yield of 7.44%, then as shareholders you should demand that Dangote pays more cash to you to allow you to invest in FGN bonds because you get a higher return (at lower risk). The point is any company retaining cash or paying cash at a lower yield than the market is hurting the investors, who are missing the opportunity of investing higher elsewhere.

Let us score both company managers by how well they have managed the revenues and capital of the companies

Across the board, the management of Dangote Cement has done a better job when compared to BUA Cement in managing the assets of the company. Dangote Return on invested capital is higher with a much lower recourse to debt and of course a higher number.

Overall, on Earning, Returns and Efficiency, it appears Dangote Cement posts better fundamental.

Right..

9-Step Hiring Process for Small Business
Hiring decisions are some of the most crucial decisions you will make as a small business owner. A great employee can take your business to new heights and open up new opportunities for growth, while a poor hire can set you back months, causing undue stress and frustrations.


In this how - to article, I’ll lay out a hiring process for small business that will help give structure to your decision making and increase your odds of bringing on a great employee.

Write a Detailed Job Description
The first step is to describe in writing exactly what you are looking for. At a minimum, this should include:

A description of the job responsibilities or tasks the employee will perform
The job experience or education requirements potential applicants you feel are required to perform the job well.
Some of the soft skills or personal qualities you are seeking


A description of your business, including your mission and vision. Make it as inspiring as you can for potential employees!
Have a look at some of the other job postings out there and see which ones stand out to you. Copy the format or even some of the language that you feel works best and work it into your job description.

I generally do not include salary details when posting a job even though I usually have a range in mind. I prefer to get a sense of the market while casting as wide a net as possible.

Post on a Credible Platform Circulate to Associates

While a business owner should always be mindful of costs, if you are seeking the best talent, I would avoid Craigslist and other free platforms in favor of the most credible job search sites most frequented by serious job seekers. We have generally used Linkedin’s premium job postings and have seen good results. The only down side to LinkedIn is that you may get a lot of applications, making your job of sorting through them more difficult.

You should also let your personal and online networks know that you are hiring for a specific position to see if they have any people they might recommend. In addition to acting as a reference, They may know excellent people who are not officially on the market but may be open to a new opportunity that appeals to them.

Review Job Candidates and Filter

LinkedIn sends an email every time someone applies for a position, so I will typically start to sort them into separate inboxes based on their qualifications. Here’s what I would suggest:

Eliminate anyone who doesn’t meet your stated requirements in terms of education or job experience
Unless you are posting for a highly specialized position or have already factored this in, eliminate anyone who is applying from a foreign country who would require a visa or immigration approval to work for you.

Eliminate anyone with poor spelling, grammar or a generic cover letter that is not aligned with the job.

Note anyone who has clearly taken the time to research your company and prepared a personalized cover letter.

Note anyone who has worked for your direct competition. Whether or not you choose to hire them, you may get useful insights in interviewing them.

Call at least 20 Candidates for Initial Screening.

Advise them it will just be a 5-minute call and ask them if it’s a good time to speak.

Ask three questions.

Why did you think this position would be a good fit for you?

Describe a work problem you had to solve and what the outcome was.

What would an ideal job situation look like and how much would you expect to earn?

Rank the responses for each person from 1-5 using the following rating system.

Did they communicate clearly?

Were their answers thoughtful and intelligent?.

Did they answer quickly?

Were they enthusiastic?

Do they have relevant experience?

Some notes on how to handle the call:

Ensure you get their salary expectations:
This can sometimes be an awkward question so just ask it and listen without speaking.


They’ll definitely be gauging your response. If they’re way out of your range, thank them and explain that you simply aren’t able to meet their salary requirements at this time.

If they are a little out of your range but otherwise they seem like they could be a fit:

Ask them what the most important factors for them are in choosing a job and employer. If you are able to satisfy these other requirements, ask them if they would be willing to accept a slightly lower salary if these other other conditions were met.

If you really like the interviewee and get a strong positive first impression:
Feel free to extend the conversation and go a little deeper. Ask them about previous positions and what tasks they’re best at. Go ahead and build some rapport with them.

If they clearly did not research your business before responding:
You should probably eliminate the candidate from further consideration.

Conduct at least 5 In-Depth Interviews.

After you’ve done your 20 quick interviews, you should have a short list of at least 5 potential candidates. If not, keep soliciting new applications and calling new applicants.


This should be an in-depth conversation that lasts at least 30 minutes. You may choose to have this conversation in person but I’ve done many follow-up interviews by phone.

Some high-level topic suggestions and questions for the in-depth interview:

Have them review each of their previous positions and describe their job responsibilities as well as what they liked and disliked most about them.


Ask about their approach to organizing their projects and their time.

Ask them how they like to be managed.

Ask them about their experience with specific software and how they go about learning to use new tools.

Ask them about their formative years and what lead them into their field.

Feel free to make it conversational and hone in on specific elements that would relate most to the position.

Take notes of the conversation and record your impressions. You may also want to have another member of your staff or someone whom you trust join you on the call or schedule a separate call.

Have your top 3 picks complete a selection survey.


After the 5 interviews, you can hopefully whittle it down to 3 top picks. At this point, I would strongly suggest using an objective selection tool to help you in making a final decision.

We use the Kolbe A index, which gives you a good idea of how each person’s working style will fit into your overall team or compliment your own. This quantitative data will add some objectivity to the mix and may help you make a tough call if you are down to 2 strong candidates.

Have your three top picks come in for in-person interviews (assuming you are hiring locally. If it’s a remote hire you could do a video skype call)


A second in-depth interview can be more free form. In this meeting, try to get a better idea of the candidate’s personality and who they are as a person. Give them a tour of your workspace or home, introduce them to other employees (if you have any) and let them ask any questions they have of you.

Call references

You absolutely must call at least 3 references. These should be people that the candidate reported to directly – not friends, associates or people that they themselves hired. Make sure to ask them if they would hire the person again.

Make an offer to your top pick.

Once you’ve made a decision, call your top choice and make them an offer. Give them a list of reasons why they were the top pick and make them feel good about being selected.

You should already have a good idea of your candidate’s salary expectations, so hopefully, there won’t be a drawn-out negotiation. However, you should be prepared in case there is some push back and have an idea of how high you are willing to go in terms of salary.

If you reach an impasse or have any doubts on whether or how to proceed in the negotiations, don’t feel that you have to make a decision on the spot. Tell them you’ll think about it and get back to them by a specific time.

Call your runner-ups

Wait until you have negotiated salary and have a contract from your chosen hire before contacting your runner-ups. You Never know what might transpire in the negotiation process and it may turn out that your second or third choice is your only viable candidate.

Once you have your new hire confirmed, contact anyone who went through the entire process with you but we’re not ultimately hired. Thank them for their time and review your decision in detail with them.

Ultimately, you want to leave them with a positive impression of you and your company because you never know if your new hire will turn out to be a poor fit. If that situation does unfold and you need to make an abrupt change, having backup choices who still want to work for you is invaluable.

Conclusion
There is no foolproof method for hiring great employees. However, having a thorough hiring process for small business in place will go a long way towards increasing your odds of making a positive hire that will help you reach your goals and grow your business.

Do you need an organizational structure for a small business? Before we had an accountability chart at PCSL, roles were so fuzzy that essential tasks often fell through the cracks, leading to a last-minute panic.

But once we had a written organizational structure in place, we saw a huge boost in our overall efficiency. While there are still a ton of things to get done, we now each have a clear set of priorities that help us stay focused, productive and accountable.

Here is a step-by-step guide on how to create an organizational structure for a small business, along with an example of PCSL accountability chart:


Step 1: Create departments by starting with the 3 elements common to every business:

Open a new powerpoint, keynote or google drawing doc – anything that will allow you to create a simple layout. You can even use pen and paper to start. Draw 3 boxes with the 3 core functions of every business:

Sales and marketing – every business needs to generate sales
Operations – every business needs to fulfill on the promises it makes to customers by delivering products or services

Financial and Admin – every business needs to keep track of its finances and insure that its infrastructure is maintained.

Step 2: Bucket more specific roles under each of the 3 main functions
Underneath each department, list the specific roles that must be filled in your business. Here is a quick list of some of the most common roles that you can adapt to your company’s structure:

A. SALES & MARKETING

Website maintenance

Online Marketing

PR

Lead Generation

Opportunity Management

Account management





B. OPERATIONS

Production

Customer Service

Shipping and Fulfillment

Product Development







FINANCIAL and ADMIN

Book Keeping

Accounting

Office Management

IT

HR

Financing

Step 3: Assign a specific person to lead each department and own each role.
Write a single name beside each of the boxes in the org chart. Since you’ll each be taking on numerous titles, it helps to also be specific by adding a few high level responsibilities under the title.

Step 4: Define the Executive Leadership Structure.

When there are 2 leaders in an organization they’ll ideally have complementary personality types:

The Creative Thinker – this personality brings a ton of energy and innovative ideas. They’re often great at relationships and may have a larger personality – but they tend to be weaker on follow through.

The organizational Thinker – this personality tends to be well organized, and strong at systems thinking. They may not be quite as strong at spotting opportunities but once the direction is defined, they are the person who will insure it gets done right.

I’m going to introduce a potentially controversial idea here, so please hear me through. While you may value the idea of equality in your partnership, I strongly advise giving a single person the final word in order to avoid organizational deadlock. In the case of equal partnerships, this person should always be the organizational thinker.

Why? Because you can have a business without a creative thinker but you can’t have a business without an organizational thinker. At the end of the day, a mediocre idea that is well executed will trump a brilliant idea that is poorly executed.

If you have serious questions about what role each partner will play it may be an indication of more fundamental problems in the partnership. That’s why it’s best to have this conversation early on, so you can avoid bigger pitfalls down the road, when there is more at stake.

Example: The PCSL Organizational Structure.

See PCSL Accountability Chart

At PCSL we currently have four full time employees and one part time admin person. We also have a host of suppliers and contractors we work with in areas such as product development and accounting.

You can see from our org structure that Catherine is the Integrator (the Organizational Thinker) and I am the Visionary (the Creative Thinker), which is aligned with our respective personalities. You’ll notice that we’ve also added a Product development department at the top level of our organization. We initially had it under operations but decided we wanted to place more importance on it by moving it up a level in the chart.

Conclusion:
There are 4 steps to creating an accountability chart

Start with the three elements common to every business to create your departments: Sales and Marketing, Operations, Finance & Admin
Bucket the roles specific to your business under the three departments
Assign a person to each role
Define your executive leadership structure

Creating an organizational structure for a small business is one of the first things you should look at when planning your venture. In addition to creating clear roles and responsibilities, an accountability structure is a valuable strategic planning tool allowing you to spot current gaps and plan next hires so that you can focus on where you deliver the most value.

Have any questions or experiences to share about creating an organizational structure for a small business? Leave them in the comments and I’ll post a reply!

Way to go

And funny how many people have died same way...

Men should be careful. The pigeon hole is a trap!

Caveat emptor

Wickedfact:
Okay. Since Mbadinuju, mention 1 single Anambra Governor without moustache.

Are you okay?!

What of Peter Obi?

It's expected. Many congratulations!

But why Jos?

Wickedfact:
Hope he has moustache?

The only thing Anambra people look for before electing their Governors is moustache.

Funny creature

hotplate:
seriously i think i need help, i dont know how i suddenly lost interest in going to church. there were certain timea in my life where i never missed a single sunday service but now it barely once in a month. Am not happy about it but i really don't know what to do to regenerate the intrest.

For the fact you have realized shows that your problem is half solved already. Go back to your Church, rededicate your life to Christ and join one of the departments, where you will be accountable to one another.

This shall certainly go a long way to reposition your life in many ways. I used to be like you, so this is practically what I did and my story hasn't remained the same.

Franzinni:
Jesus no ever go church

And if the meaning of Christian is Christ like then ...wetin I dey find for church?
Do not forsake the gathering of the brethren I hear you think as you prepare to comment ...

Naow Hold up!

Educate your self and read about the

First council of nicaea



I get direct line to God ...Jesus papa and my papa too

All those who will come and mention let me ask you one question have you ever read the bible by yourself from cover to cover ? If no then do that first before you mention me ...

Your points are very logical but permit me to say that Jesus Christ did went to Church(Temple/Synagogue) though it wasn't known as church then.

He was a Jew, who worshipped Judaism Faith, and believed so much in the Torah (Book of Abraham).

You remembered Him reasoning/arguing with the elders in one of the book of the gospel, that he stayed back in the temple when His parents took him to the Synagogue in Jerusalem?

He did attended Church but not in the way people have made it seem these days.

EVILFOREST:
Next FEBRUARY will make it my 13years Anniversary of staying away from Church and its related activities.
Join me as I mark such an adorable feat.

I prefer teaching my KIDS, standard Morals than enrolling them into "speaking in tongues" classes which they completely know nothing about.
CHURCH isn't the only place wia morals can be taught.
In Fact the teaching of MORALS usually stems from the home and the way we do things.
AFRICAN TRADITIONAL HOMES were birthed on morals even before the WHITES came.
KIDS respected their parents and assisted.
WIVES honoured their husbands.
Husbands were really heads and not now.

You are a very wise man!

The depth of our knowledge is limited to the information at our disposal.

Having realized this, I made a conscious effort to follow and listen to men of God, who have made a bit of impact on earth, cos I know it takes great effort to build anything of value in this part of our the world.

Oyedepo, Ibioye and Enenche are my three favorite prosperity preachers I cherished so much. But on the area of spirituality, salvation and redemption; Gbile Akoni tops the list.

Mine is Bishop Oyedepo. That man is supremely divine, followed by Pastor Paul Enenche, another Protegee to Oyedepo.

My life began making meaning immediately I locate this two great men of God. Something about them is very unique. They are very smart and intelligent.

I attend Dunamis, where I worship direct and listen to Paul Enenche but I follow and listen to Oyedepo via his Facebook, Twitter and YouTube Channels.

Image123:
Popular ones include but not limited to Gible Akanni, Ravi Zacharias, Oyedepo, Kumuyi, Zac Poonen, Reinhardt Bonnke. Though they are not all "pastors" sha in the sense but they give me life in tangible ways.

Your list is impressive!!! I can imagine your depth of knowledge, with all these people speaking into your life for years.

Kobojunkie:
If you are inspired by a man, any man, what that means is that your trusts is in that man, and God is against such. Read Jeremiah 17 vs 5 to learn what God says about suchh acts by men.

Trashhh. Absolute Trashhh. Man love to inspire one another, regardless of what ever vocation you are into..

Tufiakwa!

Jones4190:
my protection is from God not trump,

1. trump is not a Christian, he is a killer, he killed suleiman.

2. I can't I killed someone in the name of terrorist. God still have a plain for him

God is not looking for someone to take revenge on his behave. vengeance is mine said the Lord

How old are you?

#Pukes!

Wonders shall never end. Nothing wey we no go see for this life.

But come to think of it, people tend to forget easily that religion is man made and was primarily designed to checkmate the societal excesses, be it; Christianity, Islam, Judaism etc...

Being that this was purposefully instituted, it has to be self sustaining, (just like any efficient government)the idea of Tithe, Offering etc... were incorporated for further promotion of the gospel.


I blame him not, if he can find a way to retrieve his money, let him go ahead and do that.

People have been more scammed with religion than anything else.