The saying “If you don’t know where you’re going, everywhere looks like the road?” is very popular in business because of a single reason: goal setting. When you don’t have defined yearly business goals, you could hustle, grind, and spend energy but might not achieve much by the end of the year. For small business owners like us, setting goals for the year is like using a GPS—guiding us through the chaos and pointing us toward the jackpot. It’s a chance to dream big, break those dreams into bite-sized chunks, and map out......

Do you know that some businesses in Nigeria can earn you daily income and their startup costs are low? These businesses are designed to generate consistent daily earnings, ensuring your pocket stays dry. To take it further, explore profitable small business ideas in Nigeria and consider starting your venture to secure a steady income. This article highlights practical ideas to help you launch a business that aligns with your interests and provides daily profits, along with other promising business opportunities in Nigeria. 1. Food and Restaurant Business The food industry is one of......

Ever sat around thinking, “Man, if I just had some extra cash, I’d start my own business and be my own boss?” Well, guess what? Starting a business isn’t just for the big guys with millions in the bank. With just ₦100,000 in hand, you’d be surprised at how many doors you can open.  This article will break down some creative, low-cost business ideas that will tell you, “Wow, I could actually start this!” So buckle up, because it’s time to dive into some of the best small business ideas that’ll get you......

So here’s the truth:  Business loans are the lifeline for small businesses, especially in a tough economy like Nigeria’s.  As a small business owner, you’ve probably faced situations where you needed cash but didn’t have it. Maybe you need to buy more stock for your store or upgrade your equipment to keep up with demand. Whatever the reason, this is where a business loan steps in as your personal “Awoof”. Now, there are several sources to get loans for your business, like applying for the SMEDAN loan we discussed in a previous article.......

Let’s face it, growing a small scale business in Nigeria can be exciting, but a bit of a hustle. What makes small businesses hard to scale in Nigeria is usually done to a poor start, financial constraints, lack of knowledge and intense competition.  But with the right approach, you can build a brand that stands out even in a crowded market. Whether you’re selling on Instagram or managing a neighbourhood grocery store, there are ways to grow your small scale business steadily and sustainably.  Let’s get into it. What is a Small Scale......

If you do business and want to survive in Nigeria as a small business owner, you have to understand the economic rollercoaster that’s often difficult and unpredictable.  As a small business owner, you’ve probably encountered “wahala” when balancing increasing costs, unpredictable market trends, poor power supply and unreliable infrastructure. On top of all these “gbas gbos”, you still have to deal with government officials coming to collect unsolicited taxes or levies, customers’ bad credit, logistics issues and the high chief of all problems – the almighty U$Dollar rate. Haba! How do you survive......

So the Jingle Bells are out, the snows are falling, and 2023 is on its embers. It’s another white Christmas! If you’re like most entrepreneurs, now may be perfect for taking time off, relaxing with loved ones and celebrating the holidays. You should, by all means. However, you should also ensure you’ve done your homework, preparing your business to survive, thrive and come out on top in the coming year. This, my friend, is what many business owners don’t do. Year after year, many entrepreneurs fail to plan to evaluate their business performance......