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Business / Advice For Small Business: Act Local, Think Global by smallbizcitadel(m): 4:47am On Oct 25, 2016
The business world is fast becoming a single global supermarket.......
https://ow.ly/qu3Y305vf1P

Business / 4 Vital Tips For Starting A Small Business by smallbizcitadel(m): 9:13pm On Oct 17, 2016
Once a business idea starts coming to you......http:///2eJWp9l

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Business / Starting Small Has Its Own Benefits by smallbizcitadel(m): 10:00am On Oct 10, 2016
Starting small is one of the habits of successful business people....http:///2dfjZZu

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Business / Not All Small Business Wants To Grow Big by smallbizcitadel(m): 4:27pm On Oct 03, 2016
Once people succeed in starting their own small business idea, they....http:///29RDqVU

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Business / Quotes That Can Get You Started And Get You Going In A Small Business by smallbizcitadel(m): 12:37pm On Sep 26, 2016
In the journey to small business success....http:///29RDqVU

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Business / Recession; How Small Business Owners Can Cope! by smallbizcitadel(m): 10:32am On Sep 20, 2016

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Business / 9 Small Business Documents You Must Relate With by smallbizcitadel(m): 9:29pm On Sep 10, 2016
Documents are very necessary and key to doing any business.....http:///29RDqVU

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Business / Starting With The Right Business Structure by smallbizcitadel(m): 7:43am On Sep 06, 2016
The Business Structure you choose when registering your business is part of the determinant for success.....http:///29RDqVU

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Business / 6 Relevant Skills You Need As A Small Business Owner by smallbizcitadel(m): 2:23pm On Aug 30, 2016
Quite a number of skills would be required before anyone can start and run a business.....http:///29RDqVU

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Business / 5 Fallacies About Starting A Business In Nigeria by smallbizcitadel(m): 4:38pm On Aug 29, 2016
Humans are naturally born to believe that....http:///29RDqVU

Business / Mentor; A Must Have For Your Small Business by smallbizcitadel(m): 4:27pm On Aug 29, 2016
Most people start – up and enter into small business because......http:///29RDqVU

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Business / Why You Cannot Continue As One - Man Business by smallbizcitadel(m): 12:16pm On Aug 29, 2016
Many successful businesses started – up with just one person.....http:///29RDqVU

Business / Recession; The More Reason For Small Business by smallbizcitadel(m): 12:03pm On Aug 29, 2016
Ordinarily, in a normal economy; countries actually do record cases of people losing jobs and companies folding up....http:///29RDqVU

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Business / How To Run Your Small Business On The Go by smallbizcitadel(m): 11:51am On Aug 29, 2016
As a Small Business owner, you cannot afford to waste time and resources in your early days......http:///29RDqVU

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Business / How To Know That Your Business Is A Small Business In Nigeria by smallbizcitadel(m): 8:11am On Aug 25, 2016
People at some points do start up a business venture based on how it played out. It is germane for the owner manager to sincerely acknowledge under which classification his/her business falls per time e.g. Start –up, Micro Business, Small Business, Medium Sized Business etc.

Though, classification of available business ventures has severally being done by various governments of different African countries basically because of their interest in taxation grouping and policy plans. Many governments till date do have a difficulty in defining and classifying small business, maybe because of lack of real time research. Their different definition has ended up confusing the generality of the citizens. It may be because of the inability of the governments to properly define small business that has caused small business to suffer financial assistance, policy assistance and not getting the required enabling environment precisely in Nigeria.

Every entrepreneur or owner manager is expected to be sure of where their business falls per time. This little knowledge will assist the owner to consciously move his/her business forward at the right pace. Little or no knowledge by most entrepreneurs is responsible for most small businesses dying in their first 3 years.

The definition of small business should be based on the size of your employee, annual turnover, working capital, Assets; Revenue e.t.c. The truth is that most of the small businesses don’t actually have employees. They provide income to their owners, but by definition are not job creators. Many of these businesses exist largely to support a family and are not principally focused on expansion. Other yardstick that may be used to define it is the location of the enterprise and also its ownership type. A small business is typically owned by an individual and it operates privately. It could be based at the owner’s home or at a location that does not occupy so much space.

However, a business may be small in the context of the economic environment it operates from. Some businesses are small because their products and services impacts only on a small pool of customers either within their community or scattered around one state and the other.
Another way to know is when the small business does not even have any existing major source of funding. Unfortunately, it has to depend on crude survival strategy to remain in the industry it belongs. Majority of the firms and business organizations that exists in Nigeria are individuals seeking to earn a living through entrepreneurial endeavor. In clear terms, a small business is not expected to run unnecessary expenses as if it has the capacity of a medium sized business.

What your business may lack that makes it a Small Business;

Knowledge / Information
Advice and counseling
Networking
Branding
Referrals
Advisory partners
Basic and targeted business planning
Training
Mentoring
Funding
Leverage
Management
Strategic Planning e.t.c
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Kunle Adebunmi has helped few organizations run and manage their businesses successfully at managerial capacity level. He has impeccable credentials and untapped expertise that enables him multi – task as a Small Business Advisor, Technology Enthusiast, Entrepreneur, Consultant, SB Analyst and Nation Builder. Today, thousands has benefited and are still benefiting from his rich online and offline insightful materials across the continent. He is the founder of Mooregriz Global. You can find specific information on Small Business Citadel and other involvements at http://www.kunleadebunmi.com
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Business / 5 Fallacies About Starting A Business In Nigeria by smallbizcitadel(m): 11:14am On Aug 15, 2016
Humans are naturally born to believe that there is a limit..........http:///29RDqVU

Business / Mentor; A Must Have For Your Small Business by smallbizcitadel(m): 11:05am On Aug 15, 2016
Most people start – up and enter into small …..http:///29RDqVU

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