Entrepreneurs and businessmen are masters of making money, yet when it comes to keeping it, it can be another story entirely. Your monthly paycheck may be impressive, but ensuring that your bank balance reflects this can prove problematic. Many people like the finer things in life, but these inevitably eat into your earnings, until the colour of your account balance can look increasingly unhealthy.
Luckily, there are ways to remedy this. There is an art to preserving and supplementing your earnings, but it’s one that almost all of us can master.…
If you want to generate a business idea which will stand the test of time it needs careful consideration. It is easy to become passionate about a particular path, however unless you do some early research to ensure it is viable, you could end up a victim of the statistics which say that half of all businesses will go bust within the first five years.
Generating Ideas
The first step is to generate a range of small business ideas which you should then examine in more detail.…
I started this blog naijapreneur on my 26th birthday in July 2010. It was my birthday gift to the world, a principle I learnt from Seth Godin.
In those early days, I went about the blogosphere leaving comments on a couple of blogs here and there. Before long, the favours started to return themselves back on my blog. I gained comments after another from fellow bloggers whose blog I had visited. That was my first experience with trading comments.
From trading comments, I began to notice certain bloggers whose personality I liked and wanted to be friends with and hopefully, eventually collaborate with.…
The path that takes you from the first sparks of start-up inspiration to business success isn’t guaranteed to be a straightforward one. Setting up a new business can be hectic, and it can often be all too easy to look over or neglect important areas. To help you plan and avoid obvious mishaps, we’ve put together a list of some of the top mistakes new businesses make.
Not identifying your potential target markets
Whatever your business idea, considering whether the product or service you’ll be offering has a viable existing market is absolutely essential.…
An entrepreneur running a small business has a long list of duties — and many times, there is no personnel to help. Luckily, there are many resources available to a small business operator to streamline their work. Here are some tools to use for a more efficient workload.
Consider Virtual Assistants
Small businesses may not have the money for a full-time assistant. However, there are many virtual assistants online who can be hired for a few hours a month or a week to handle small tasks.…
Most entrepreneurs face the dilemma of whether to hire a VA or not at some point in their career. While it might seem like hiring a virtual employee might bring more aggravation into your life than it will take away, this is rarely the case. The plain and simple fact is that the services offered by virtual assistants cost a lot less money to a growing or well-established business than a physical employee does, even if you have to cycle through a few to find the right fit for your company.…
We need to understand the fact that personal trainers can either make a lot of money or not that much money at all. Realizing what you have to do in order to make more cash is not at all difficult. The only thing that counts is being completely aware of what opportunities are available near you and realizing the fact that the best personal trainers out there are those who have the most experience and education.
Turning the personal training hobby into a career is all about investing money and starting to promote your services properly.…
Any business that is growing brings in new needs that have to be accommodated. One of the biggest challenges of growing a company is to deal with the storage needs that are necessary. As you are scaling out, operations will require better and bigger systems to be used since storage becomes more complicated. Space has to be maximized.
In the event that you do not want to spoil or damage goods by putting them in an inappropriate place, you will want to utilize a correct storage system as the company grows.…
While most of the population will view the New Year as a fresh start, for many businesses the pressure is on to save as much money as possible before the end of the 2014/15 financial year.
In general, the future’s looking bright for SMEs. There is a growing confidence in the economy as the demand for independent businesses increases. Government initiatives such as Small Business Saturday are backed to encourage consumers to shop locally, and have achieved lucrative results with hundreds of customers supporting SMEs all over the country.…
Are you planning to start your own online ticketing business? For this you need to look out for a bigger event like a Jay Chou tour event where people would like to buy tour tickets. Starting an online concert ticket business sounds like a great plan, but you certainly need better ideas to get started with.
One of the reasons why many entrepreneurs today focus on online ticketing is because there are many buyers for it. Millions across the globe today prefer to buy and book their event tickets, sports tickets and even theatre tickets online as they don’t have to stand in long queues for it.…
