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Showing posts from February, 2020

Five Topsides To A Small Business

Every business is aiming to grow into a bigger and better business which is really great. Growing big should be a goal but it is important to know just how good your business is while still small. While a big business is awesome, here are a few topsides or benefits that show that a small business is awesome too: A small business will most likely focus on a particular skill set or product making it a go-to for customers who need that particular skill set or product. This focus will enable employees to know exactly what the business is all about and improve competence.  As a small business it will be easier to have a unique set of products and (or) services which will build up credibility over time. The credibility of the business builds up the confidence of the boss and the employees. Confidence in business shows that the business owner know exactly how good their product or service is and is one of the best ways for a customer to trust a business. Since you focus on a particu

Ideas For The Student Entrepreneur Vol.1

Being a student and looking for ways to add a little extra cash to your pocket or bank account can be two really tasking journeys. The quest to get more money to your name may end up having you fall into some serious scams on the internet. Besides scams the stress of going into business may also make you fall behind on school work. These ideas are to help students manage their time better and be more productive in the process: To better manage your time as a student you could try a weekend business as opposed to a daily business. Another idea is to run a delivery service for people who need things delivered within your school's environment for an affordable fee. A pocket friendly way to make a little extra cash would be to prepare home made snacks and drinks to be sold. They can be sold for a good enough price to stores who run day to day sales. It is important to note that while on the quest for money you do not forget your school work. As important as money is, it is

Three Simple Ways To Get The Most Out Of Your Catering Business

Catering is a popularly known business in Nigeria and other countries around the world. It is sometimes difficult to keep this business afloat considering its a contract business and you can not predict exactly when next your next catering gig will pop up.  A few ways that you can use to get the best out of your catering business are stated below:           Buy in bulk: You may not be able to buy everything in bulk because you will need perishables, but things like rice, spices, canned foodstuff and other non-perishables would be more profitting when bought in bulk. Don’t be too modest, charge for what you need: Things like transporting to the market to get other things you need should be handled by your employer. They should be included in your budget, not to defraud them but to make sure you don’t spend more than you’re earning.   Market your craft: Hold tasting events to show the world what you have to offer. People will only refer people to places they can vouch

How To Get Customer Feedback

Without customers there would be no business. Your customers are the heart of your business and keeping them happy should be one of your biggest priorities in the business. The best way to keep them happy is by knowing what to stop and what to do more of which you can find out easily from their feedback. You can try these means to get feed back: Your business social media platforms: Your business Facebook page, Twitter, Instagram or LinkedIn  are good places to get feedback. You can simply send a broadcast message asking your customers what they think about your services. Adding a feedback sheet to your business website: Adding a feedback sheet on your business website will make it easy for your site visitors to give you feedback without stress. E-mails: Your business e-mail is also a really great way to get customer feedback, all you have to do is place it in a visible corner of your page or site. Polls and surveys: Polls help you to know most customers are more concerned a

Types Of Investments

Before making up your mind to invest in anything you should try to find out what type of investment will best suit your standards and whats best for you to go into as an investor. Growth Investment Growth investment  is a stock-buying strategy that  focuses on a companies capital appreciation. It is suitable  for long term investors who can withstand the ups and downs of the market. Defensive Investment Defensive investment places more importance on generating income as opposed to growth. They are seen as lower risk investment. Cash Investment Cash investment has a lower return level. They offer no capital growth but deliver a regular income. They include normal bank accounts, high interest savings and term deposits. Shares Shares can grow the value of your initial investment over a medium to long term. Shares are one of the most risky types of investment as their value may fluctuate as frequently as daily. Some shares pay you part of the companies yearly profits, the pa

Red Flags All Investors Should Look Out For

There are a lot of investment opportunities nowadays which is a good thing but the bad side is that people use the fact that people trust in these investment scams to make their own gain. Just as much as there are investment opportunities, there are also now a lot of scams posed as investments. Some telltale red flags you should keep an eye out for include: If it looks unbelievable, it  probably is. Investments that promise huge returns in a short time are probably a scam. You need detailed information about any business you want to put your money in so as not to fall victim to a scam. Investment offers from people you just met or barely know are to be avoided. You don't know them and unlike you, the investor they have nothing to loose.  If you feel pressured to invest its probably a bad call. Legit investments should not make you feel like you'll be the only one gaining, because you're not. The business owners always have a cut and if their cut is not well explain

Lucrative Businesses To Startup As A Student

As a student there are sometimes you go broke sooner than expected and there is no fall back plan. There are businesses you can start up that won't cost much and you can maintain.Well here are a list of business ideas to use as a fall back plan: Typing and editing: This business can easily be done once a laptop or computer is available. Taking tutorial classes: You can collect an affordable fee to teach tutorials and sell your knowledge. Selling a compilation of past questions Selling clothes Making pastries Recharge card business Catering services Hair styling business Barbing business Selling home made drinks Laundering clothes

Tips To Balance Being A Parent And An Entrepreneur

Being an entrepreneur and a parent can be a really daunting task to say the least and the stress involved is a truck load. It's hard but you could try a few things to make it a little bit easier. All you need to do is strike a balance between being both and the following tips should be of help: Try to work around your kids schedule. This means when they're busy you need to get busy too. When they are in school or asleep would be the best time to give your work undivided attention. This is one of the upsides to working for yourself, you work at your own pace and create your own targets to your advantage. Keep work out of the way during family time. No work calls or other work related stuff during family time in order to give your family your full attention.  Try to outsource some tasks to give your family more time without it affecting your work. Pay someone to handle easily doable tasks, since its easy it will be hard to mess it up and you won't need to pay so

Building A Lucrative Service Business

Having a service business is undoubtedly one of the easiest businesses to have, because a service business requires you selling the things you can do, not products. Now the things you need to look at when building a reputable service business are as follows: Value: Focus on improving the value and quality of your service. Charge for your service value and not because of your personal needs. When you build your service value and become better with the services you offer, people will pay the required price to get your service. Your Customer: Know your customer and try to get in touch with how they feel about your service by sharing feedback flyers or generally asking if how they feel. Knowing your customer makes it easier to know how to improve to their taste and keep them coming back for your service in particular. Dependability: A customer sticks to a dependable person when it comes to the service they need. Whether you offer laundry services, home maintenance or gardening

Set Up Your Business Email In 5 Minutes

A business email is an email address that has your business domain name and not the regular @gmail, @yahoo in it. The reasons why you should get a business email include: It is easy to remember It is brandable Customers will trust a business email over a personal looking mail To create your business mail, you will first of all need to have your domain name. A domain name is the address of your website. For instance, if your web address is www.ilikeshoes.com, then ilikeshoes.com is your domain name. While it is not a necessity for you to have a website, it is recommended that you have one. To start a website for your business you need a domain name and a web hosting account. A web host is where your site files are stored. Most web hosting companies provide free business email services to their customers. Web hosting services usually cost from $7.99 per month and a domain name costs about $14.99 per year, which could be a lot for a small business. Bluehost has been recommende

How To Make Your Small Business Look Professional

Your business may look or seem small but it is heading towards success. I know setting up a business is not easy, ideas are simple but doing the work can be all shades of stressful. So after setting up your business, there are some things to do to make your business look professional. When your business looks professional it doesn't just boosts your confidence as a CEO, it makes clients, suppliers and interested parties take you more seriously. You need to consider and work on a few things to get your business to look more serious, a few of which I'll be pointing out. Get Your Business Logo: You need to create a unique and attractive logo for your business. Your logo's uniqueness and attractiveness will make it more memorable for any person that sees it. Create Your Business Card: A business card is one of the many ways to get your business looking professional. It shows that you take your business seriously. More than creating a business card make sure you

Why Your Small Business Should Give To Charity

Playing a role in helping the community and welfare of the less privileged can be morally elevating. It happens that there are a lot of upsides to being that 'cheerful giver' we've always been told to be. Your company and business as a whole can benefit from this generous act of giving or donating to charity. First off, giving to charity can go a long way to boost the the confidence of your staff and also help them develop a habit of giving. As they say "givers never lack" so it is a good thing to familiarize your staff with the giving habit. Giving to charity or sponsoring a charitable event brings marketing opportunities to your company's door step. You could give profits from a particular product or service to a charity organization who may just   help you with advertising which will in turn extend the reach of your marketing campaigns by targeting its supporters.  It can also help to increase awareness of your brand when you are in a partnersh

Affordable Online Marketing Strategies You Should Know

There are some strategies for online business marketing that will only set you back a couple of bucks. The options for this online marketing include: Creating good and unique content to draw attention to your blog if you have one. Commenting on various blog post. Creating a facebook page for your business. Creating really attractive infographics for your page. Giving discounts. Offering free new products for the sake of introduction. Write informative articles on your blog. Have an email list of interested customers to easily inform them of any new product. Sponsor or have a shared sponsorship on a giveaway. Create an attention drawing business card. Online marketing should be the easiest and least stressful means to market your goods and or services. Try this out, the results may be just what you need.

One Of The Many Ways To Grow Your Business: Trade Show

Let's start with what a trade show is. A trade show, also called a trade fair is an event for the exhibition and show case of the goods and services of a particular organization, company or business brand. The English dictionary explains it as  an exhibition at which businesses in a particular industry promote their products and services.  A trade show will give your business the exposure it needs to blossom. There are really great business-profiting reasons why you should host a trade show for your business: A trade show will help to discover new clients for your business, enabling you to build a relationship with them. It will even hand you a free opportunity to start up on a not so rigid footing with them seeing as you will be given an opportunity to socialize with them. A trade show will provide you the ability to establish your brand to potential clients. You get to show your potential clients just how good you are and also get a few hints on how much better you can

Tips To Use For Making A Business Plan

Making a business plan especially for someone who hasn't created one may look like a really difficult task but it's really not as hard as you think, all you need is a little help which I hope to provide here. First off, what is a business plan?     A business plan is a document that carries a summary of the major objectives of a business, both operational and financial. It contains details on the budgets and how the business objectives are to be achieved. You'll need these tips to make a good business plan: Make your plan with your audience as your focus Research about your business market Consider your competitors Make sure your plan is straight to the point Your plan should have a detailed description of your products, services, finances, goals and strategy. Your financial information must be detailed and accurate You should make a really impressive executive summary An executive summary is a brief section of your plan that summarizes the whole plan

A Few Steps To Grow Your Business

Growing your business takes a lot of work, thought and process. People tend to start up their businesses without any thought towards it's growth. I believe the success of a business does not just depend on customer patronage, but also business advancement. I would like to point out a few steps you can use in growing your business which i think would be really helpful: Getting customer feedback: Your customers are the best judges of your product and services. Feedback from people who use your product and services is the best way to know how and where to channel your improvements. Finding ways to better your product: Your goods and services may be great but there's always a way to make it better. You should put in effort to make your customers user experience better, giving them a reason to keep coming back to you and referring other people to come to you. Read about your business: The best way to gain knowledge about anything is to read about it. When you read you g

Some Reasons Why Businesses Fail

Business is a means of making money that has been explored by a whole lot of people over the years. Some of the people who venture into business become huge and successful people, while others fail or get tired or can't keep up with the needs of their customers and so they shut down. People fail in their businesses for a whole bunch of reasons, few of which I will be pointing out to you today. Pointing these reasons out is for the sole purpose of recognizing the problem, because without recognizing the problem the solution would be difficult to find. That said, lets get to it: Some reasons why businesses fail include: Bad planning: Starting up a business need is not a problem, but starting up a good business is the real challenge. You need to recognize that money and a business idea are not all you need to start a business.Things like business location, product authenticity and a good feasibility study are also needed. All of these help to accurately plan your bus