Start Up

Ways To Source for Business Capital

financial-services-in-Nigeria-money-naira by MyNaijaNaira
Entrepreneurs often have amazing business ideas, but they put them on hold for lack of capital. They assume their business will never get far off the ground unless they have major funding backing them. Figuring out how and who to raise money from will save you time and yield better results. If your idea and plan of execution are not well thought out from the beginning, no amount of money can turn it into a winner. Do you have a great idea but very little money? Do not let that stop you. Here's an overview of typical sources of financing
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Things to Consider Before Starting Your Own Business

Woman in Office Thinking 2.
Starting a business is a huge step. It’s a huge step not only towards defining your income but your life and time. Most times, business start-up advisers are consulted to help ensure one is fit to start their business. This could be a good idea and is generally worth recommending. This does not however mean that you can’t offer an almost equal professional assessment of yourself before starting your own business. Some important questions to be considered have been recommended: 1. Why are you starting a business? This question is fundamental because it is necessary for you to clarify your
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Start up Marketing Strategies that Always Work

Nigerian-economy market by BTC Nigeria.
1. Start from the basics Start with your unique selling points. Focus on your unique product’s characteristics in comparison with your competitors. Identify your targeted customers. At the very beginning, it’s highly recommended to focus on small specific groups, the tastes, preferences and demands of which you are sure about. Watch them; study their behavior, their interests, their desires… Then it won’t be too complicated to find out the channel of approach your targeted customers. Make everything as simple as possible. 2. Strict budget plan This step seems so obvious and simple that many people forget about it. Please, remember:
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How Nigerian Startups Can Further Deliver on Value Proposition

Pay on Delivery with POS by Techpoint.
A few weeks ago, Chioma Ifeanyi – Eze, founder,  took an indigenous route to deliver on value proposition, and reach her target market. She expressed this via a Facebook post. Here’s a text version of the post below: A meeting with the Association for Igbo Pharmaceutical importers, inside the dirty streets of the Lagos market, discussing how to automate and track their massive inventory, is held in Igbo language. Practical session and presentation is all done in Igbo. The market is excited that we came. Yes, I sell accounting in Igbo and Hausa language. Yes, I go to the dirty
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Tips on Making Your Business More Productive and Successful

Laptop Charts by Pexels
If your business is still brand new then it can be hard to settle into the industry. You’re probably an entrepreneur with raw passion and determination to succeed in the business world, and you’ve likely hired a small team of equally as determined individuals to help make that a reality. Of course, you’re swimming in a sea of like-minded businesses; standing out requires not just intelligence and passion but a willingness to break the rules and push past what your competitors are doing. Here are some tips on making your small business even more productive and successful. Train your workers.
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Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

I O U by Image credit – TWSSB
Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup. Online lending Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying
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5 Must-Haves for a Successful Logo

Logo by Wikipedia.
Before you start designing a business card or picking colors for the letterhead of your new business, you need a logo. Featuring your company name, embellished with a little color and perhaps a few graphic touches, your logo is the most important design element because it's the basis for all your other materials: stationery, packaging, promotional materials and signage. Through the use of color and graphics, your logo should reflect the overall image you want your company to convey. It should give people a feel for what your company's all about. The best logos have several things in common. Here
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Kickstart Your Business In Your Local Area

kickstart-your-business-in-your-local-area by takeitpersonelly.
When people start a new business, they usually have big plans. They wish to become the next big sensation and hope to make a lot of money in the process. It is entirely possible for any entrepreneur to make their dreams a reality, but it is essential that it is built upon a good foundation and that the basics are in place. The best place for any young company to start is in their local area. Invaluable lessons can also be learned at the local level. Initially, it is infinitely wiser to experience the growing pains of a new venture on
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Tips On How To Finance A New Small Business Venture

GROW-MONEY by We Credit
Starting a new small business is an excellent move, especially if you have this very great idea for a business venture, and you are tired of the boring and taxing routine that comes with a 9 to 5 office job. But establishing your company can be a struggle as well, especially if you have limited sources of funds or none at all. The money will always be a constant factor, and the lack of it will certainly hamper your dreams of becoming an entrepreneur. But like the adage says, when there’s a will, there’s a way. If you are having
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How to Name Your Business

How to Name Business by Entrepreneur.
What's in a name? A lot, when it comes to small-business success. The right name can make your company the talk of the town. The wrong one can doom it to obscurity and failure. Ideally, your name should convey the expertise, value and uniqueness of the product or service you have developed. What's in a Name? Start by deciding what you want your name to communicate. It should reinforce the key elements of your business. Your work in developing a niche and a mission statement will help you pinpoint the elements you want to emphasize in your name. The more
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