How is the cost-of-living crisis affecting what employees want from their bonus packages?

Nigerian employees have been facing a significant cost of living crisis in recent years, characterized by rising inflation, high unemployment rates, and increasing prices of essential goods and services. Several factors contribute to this crisis: Setting up a Bonus Program The ongoing cost-of-living crisis is a subject on every employer and employee’s mind at the …

Why Business must avoid unregistered trademark

Trademark well established a brand may be, it must continue to adopt an intellectual property (IP) strategy that aligns to its business or organizational model and goals otherwise risks missing out on revenue opportunities. Today’s brands must have a winning strategy, leveraging on their IP portfolio to gain competitive global advantage. This article seeks to …

Innovate or Die: How to conquer your market through relentless Innovation

Did you read our article about becoming a market leader? You will notice that innovation is an integral part of the market leadership process. Innovation is bigger than a product or a technological platform. In truth, it’s the innovations to organizations and management that precede product or technology Great leaders don’t innovate the product; they …

The 5 Levels of Entrepreneurship

Last week, I came across this video by Patrick Bet-David discussing the 5 levels of entrepreneurship. In the video, Patrick takes viewers through the process from being merely interested in starting a venture, through to joining the league of extra-ordinary entrepreneurs. So what are these levels of Entrepreneurship? According to Patrick, the levels of entrepreneurship …

HOW TO MAKE A BUSINESS BUDGET

As we explained in our previous post, the true objective of the budgeting process should be to seek out every possible opportunity for growth. It also helps identify real obstacles in the environment. At the end of the day, a budget provides creative but viable plans for stretching the goals of your business and its …

ON BUDGETING

Your budget is your first tool in building capital and wealth. It helps you allocate your resources effectively among your wants and your needs. WHY SHOULD YOU BUDGET? Most companies use budgeting as the backbone of their management and financial planning systems. Without question, you need to have a way to keep track of your …