Location?

KUDINAIRA:
Dear Entrepreneur,

In today’s fast-paced business environment, staying lean and cost-effective is not just beneficial; it’s essential. And for Nigerian SMEs and startups, the stakes are even higher. The key to success? Smart cost management without compromising quality. Let’s take a quick look at 10 tips you can start applying right now to reduce your business expenses.

1. Get a clear picture– First things first, have a clear picture of your financial landscape. It’s more than just checking your books; it’s about understanding the reason for every Naira spent. This awareness is foundational to recognizing cost-saving opportunities.
2. Leverage the Power of Tech– Embrace digital tools that streamline operations. From CRM platforms to accounting software, the tech world offers a plethora of solutions that cater to diverse business needs, boosting efficiency while trimming costs.
3. Negotiate with your Suppliers– Never underestimate the power of negotiation. Regularly revisit terms with your suppliers. Better deals, larger discounts, and improved payment terms are just a conversation away. Strong ties with suppliers also open doors for collaborative opportunities.
4. Inventory Management is Key– An effective inventory system means you’re never ‘overstocked’ or ‘understocked.’ Adopt systems like ‘just-in-time’ that align well with demand, freeing capital otherwise locked in unsold goods.
5. Go Green, Save Money- Making energy- efficient choices isn’t just eco-friendly; it’s cost-effective. From LED lights to energy-saving appliances, the initial investment often pays off manifold in the long run.
6. Embrace the Remote Work Revolution – The pandemic introduced us to the efficiency of remote work. Continue leveraging this model to save on facility costs while tapping into a broader talent pool. Plus, employees relish the work-life balance it offers.
7. Take another look at Digital Marketing – Transition to digital marketing. With the power of analytics, you can achieve a more significant ROI and adjust campaigns in real-time, ensuring that every Naira spent counts.
8. Invest in Your Team’s Growth – A well-equipped team is a priceless asset. Regular training not only ups efficiency but also breeds loyalty, ensuring you retain top talent. Remember, an empowered employee is an efficient employee.
9. Reassess and Eliminate Redundancies- Take a hard look at recurring costs. From subscriptions that no longer serve a purpose to services you’ve outgrown, even small trims can lead to considerable annual savings.
10. Outsource Smartly- Why stretch your team thin when you can outsource non-core tasks? From content creation to customer service, outsourcing can be a strategic move to access specialized expertise without the overheads.

Parting Thoughts
In business, as in life, it’s not about how much you make but how much you keep. As you navigate the vibrant Nigerian business landscape, remember that a penny saved is a penny earned. Every cost-saving measure, no matter how small, inches you closer to your vision. So, gear up, implement these strategies, and watch your business soar!

For more Potent Practical Principles and Business Support Services please visit: https://kudikonsult.com/10-quick-tips-to-reduce-business-expenses/

My question is : which business can one do rn

Robertgreene1:
let's go into rice business bro.... Nigerians must eat rice no matter what...come rain...come shine...
we buy cheap quality rice from Anambra East...we destone...we rebag in quality colourful foreign-looking bags....then we sell massively both to wholesalers and retailers...half of that money is enough for the biz sef...so you can keep the other half....
I've been dealing in rice since 2019...so l'm a pro in the rice biz line...
Contact me on 09029541178...if you're interested... please only contact me if you're really serious...
Thanks!!!

Are you in Anambra?

Wawelexy:
You are taking a recess bro, you will resume after a while.

Lmfao, association of olosho male chapter

aderadio1:
Be careful.

Thanks

Generalgoshen:

Location
Drop your WhatsApp number

Lagos
0.7.0.37.58.29.6.2

Generalgoshen:
offline

So, what's the deal like? I might be interested if it's something worth doing

Generalgoshen:
where is your location, with this amount I can show you a risk free venture,you could make 1.6million in 2days
Information is power
I also have an idea that can give us 20million in 6months
With 15percent of your capital

Is it online or offline investment?

Knetpro:
These are so many businesses you can do with 6 million naira.

Some of them are as follows:

1. Restaurant / food Business
2. Palm oil business
3. Poultry Business
4. Uber / Transportation Business
5. Bakery Business
6. Building Materials Business
7. Cement Business
8. Soft Drinks Business
9. Blocks Business
10. Sales of Laptops / Computer Accessories and Wrist Watches

But, the best business you can do with 6million is the one that allows you to earn in dollars.

Click my on signature line below to learn more.

How do I gain knowledge about building materials business?

50k for 250kg interstate won’t be possible

Sportsolutions2:


Which Type of Business Are You Looking At ?

Offline or Online ?




For Offline Business;

Venture into Merchandise of Palm Oil from Cross River State To Abuja.

With 10 Million Naira; You can Get A Perfectly Working J5 Bus and Get Started with Over 100 Kegs of Palm Oil from February 2024 when The New Oil Palms Begin To Bear and Are Sold Very Cheaply. At These Periods, You can get Palm Oil for 12,000 Naira to 15,009 Naira.

This Year is Late Already. 25 Litres of Palm Oil Currently Go for 24,000 Naira.


If you are interested in this, you can reach out as this is my offline field of business.



Note:

Your Profits come in bulk weekly/biweekly.


Not on the basis of 10% Daily.

Are you in Abuja or Cross River?

Adeleyeibrahim:

Go through the thread's comment, such questions had been asked and responded to.

No equipment?

Nice thread

Adeleyeibrahim:
An existing Laundry and Dry-cleaning shop located at ilupeju on a major road is available for takeover. There is wide range of customer base with high return on investment. No competitor close by. Average monthly income of #200k

The shop has a spacious aluminum extension outside, big enough for pressing (ironing) and laundry. Electricity is constant also water supply.

Rent is on till 2024 November.
Owner is relocating.

Price #1.5m Negotiable

Call/WhatsApp: 08067017395 for inspection and inquiry

How much is the subsequent rent? and what are the things that comes in the shop, I mean the equipment

U played RDR2 and placed it in that position ..... how?
RDR2 is the best single player game I've played

Do u have MW2(2022)?

Charles612:
Guys epp me with Access bank past questions. I have was asked to proceed for next stage. Physical assessment.

charlesdavid10@yahoo.com.

Thank you

How was the physical assessment like?

ArchiGilbert:
omo bro, which u kan dey use now, I wanna install Internet too o. And nah omi I dey. I really don't know which to get

which area u dey?

80K?

arthur1234:
Building a gaming PC is a rewarding activity for you if you are into gaming. Whether you’re a seasoned gamer or just getting started, creating a custom machine tailored to your needs and preferences is more than fun.

You can build a fully customized gaming PC, design its case style and choose the high-performance components compatible with your needs.
Importance of build a gaming PC:
Understanding PC Components for Gaming:
A step-by-step guide to building a gaming PC
Installing the operating system:
Budget-friendly options for gaming PC:
Maintaining your PC

where do I buy the components?

FreeStuffsNG:

When you spend all day on Nairaland with your negative mindset , insulting everyone including the leaders and the land till it withheld its blessings from you and you fail to meet the right set of people who can teach you the right legitimate way to go about it, everything will remain hard for you nah.

There's a Korean proverb that if you see nail in every issue presented to you, instead of using your brain to solve it, you will be looking for hammer.

There's no where in the world where entrepreneurs find it easy so stop deceiving yourself. It's very very hard and that's why most people don't take the Entrepreneurial journey. Export business is particularly hard everywhere in the world!

The Founder of one of those 5 companies is a Nigerian like you, he did not even go to school like you! Yet, he started learning commodities traidng in his late teens and early 20s in the old western region then proceeded to farming and buying cocoa beans then exporting overseas, he is in his 80s 0r 90s today and still Chairman of the company. Behind his success is about 60 active years of intense hardwork and positive mindset. Today, one of his Children, who are very well educated, is the CEO of the company. The company he founded in his 20s is today the highest indigenous non oil forex earner. That's powerful. What then is your own excuse? Social media entertainment and cyberbullying addiction? Smh

Quit decieving yourself. Business is hard everywhere in the world and Nigeria is no exception.

Below is a short video of an American entrepreneur swearing in a court deposition and you can see him admit he has problems and how stressed he is. Entrepreneurship is for the bold and positive minded who are teachable too.
https://youtube.com/shorts/u1S1CTQMjlY?si=nkffiIrJ9Q7t7pyb

Thanks for this comment, a lot of people are actually so miserable and negative on their takes.
They bad mouth Nigeria in every chances they get

LAW2577:
it was rooted.

That was like 3 years ago

this move though

Wickedfacts:


The richest Nigerians are based here.
There is a ceiling as to how much you can make working in your system over there. Here, no limits.

I bought a Renewable Energy company from someone who ran off to Canada. He was thinking like you and left his business to his thieving staff here. Got the list of his clients and gave them an offer they can never refuse.

Incidentally, Tinubu removed subsidy on petrol. Between June and today, I've made multiple times the previous annual turnover.

So, keep your 9-5 in your place but never ever tell down on those running businesses here. That is pure house slave behaviour.

What's the meaning of renewable energy company?
Do u mean those who sells solar panels, inverter etc?

Kobranet:
Pls guys my ps4 slim is making a ticking sound in the hard drive part when I'm playing a game and when i turn it on it's says can not start ps4 until i use usb that it will start.
Is the HDD failing?
What do i do?
Cuz i don't wanna go back to xbox😪

Just get a SATA SSD instead of HDD, it's also cheap but nt as cheap as HDD
But SSD loads ur game faster and lesser noise.

Ladies and Gentlemen, I’m here to announce to you that the long awaited EA sports server is available in Lagos, Nigeria

Now u can play online with an ultra low latency gameplay with your friend and you can host your game on a more reliable server that is closer to you

Popular EA Games = FIFA
Battlefield
Apex Legends
NFL

Below are the pictures from different locations in Nigeria

Septagon:
Didn't read but i believe it will lead to more taxation and more bills,who read?


Hadley Chase available

Yes, don't u wanna pay more bill for a better power supply?
It will always be better than solar and generator alternative

purplekayc:

Yeah, with a friend

NICE

purplekayc:


Built

U built it urself?

[quote author=purplekayc post=120200410][/quote]

Did u build this PC?

[quote author=purplekayc post=120200410][/quote]
Did u build this or u bought it?