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The President/Chief Executive officer, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index. The index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $15.9bn as of February 25, 2020, to $13.4bn on March 26. It had risen to a high of $16.5bn on January 27. He was the only Nigerian on the list of 500 billionaires and retained his position as Africa’s richest person. “Africa’s richest person controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based Company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N901.2bn ($2.5bn) in 2018. It also has interests in sugar, salt, flour, fertiliser and packaged food,” Bloomberg said. The share price of Dangote Cement Plc, the biggest listed company on the Nigerian Stock Exchange, fell by 23.71 per cent to N129.70 on Thursday from N170 on Febru...

Lets be honest, being an entrepreneur is not as easy job and keeping clients is not a strong suit for everyone so today, I will be pointing out just a few things to do to retain clients. I'll admit that getting clients is easier than keeping them because a lot of people may be doing what you do and may probably be better at it than you. Things you can do to retain your clients: Sharpen your skills: There's no harm in trying to be a better version of yourself even when it comes to your work. You can always read about what you do and how others are doing it to make your own methods better. You can also attend seminars, meetings or even a book club with people interested in what you do and also reading about it to share ideas and get some inspiration. Be punctual and on time: Similar to the feeling you get when you order a meal youve been craving at the exact time you want it with the exact drink you want, is the feeling of being a satisfied customer getting what you order...

The numbers of victims of the Coronavirus increase by the day. Keeping your business from sinking is one of the major priorities during this crisis. A few notes and tips on how to keep your business moving in this crisis are: Follow the prevention steps provided by the Health Management Organizations i.e wash your hands regularly and keep them sanitized, use a tissue for coughs, avoid touching your face, drink water regularly, eat healthy and generally maintain a high level of hygiene. Digitize your business and move it majorly online. Don't stop marketing. Keep showing the world and your potential customers what you have to offer to them and don't relent. Keep in touch with your staff and keep them motivated to work. Give your customers attention, they are your priority and showing them you are available to them in this crisis will tell them how dedicated you are to them and to your business. Most importantly, stay safe as you will be in contact with lots of p...

Not all businesses are for everybody but there are some businesses that may not give you an instant large gain amount. Recharge card business is one of those businesses. A recharge card is a telephone card that users can use to add money to their calling account. Recharge cards are and will always be needed by people to get in touch with people, send texts and subscribe to the internet. Much like any other business you need a capital. You also need to know what category of the business you would want to venture into. Now, there are basically three categories in the business namely: Recharge card retail Recharge card wholesale  Recharge card dealing Recharge Card Retail is done by recharge card retailers who purchase recharge cards from wholesalers at a cheaper amount and sell directly to end users. On an average retailers can earn about N5 from every N100 recharge card. Recharge Card Wholesale is done by recharge card wholesalers who buy in bulk and sell to retaile...

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 par...

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...

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 ref...

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 concern...

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 companie...

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...

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...

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...

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...

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 yo...