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 …
Category: Business Management
Business License in Nigeria and how to get it done
License in Nigeria are compulsory both for Nigerians and foreigners to operate a business legally in different sectors of the economy in Nigeria. This article will guide you on how to get your business license done. They are permits issued by the government or through its agencies to individuals and companies to carry on business …
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 …
USING A CRISIS TO BECOME A MARKET LEADER
Most companies never make the decision to become extraordinary… They talk about becoming extraordinary, or write mission statements about becoming extraordinary. But they never make the commitment that takes hold, becomes real, and creates a new level of success. It starts with a decision A common thread among extraordinary companies is that they made very …
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 …
BECOMING A MARKET LEADER
For over 10 years, I have had the privilege of working as a consultant for some of the best companies in Nigeria. In that time, I have become fascinated with those companies, large and small, that are able not only to achieve success, but sustain that success over time and in such a way that …
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 WIN IN BUSINESS
Winning is not a sometime thing; it’s an all the time thing. You don’t win once in a while; you don’t do things right once in a while; you do them right all of the time. Winning is a habit.
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 …