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 …
Tag: management
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 …
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 …