Business expansion is when a business reaches a certain level of growth and looks for new ways to increase the profit of that business. Different forms of business expansion include: • Opening a new location • Adding sales employees • Increasing the marketing • Adding franchisees • Offering new products or services • Entering new…

There are many factors to consider if you are looking to start a build a business from scratch. Sometimes it’s possible to skip the planning stage and start later working on the details; it’s however not a very smart move. Starting a business without a well laid-out plan can be a catalyst for failure. Not…

The Key to Succeeding in Today’s Entrepreneurial Ecosystem Today’s entrepreneurial landscape is indeed competitive, with a million bright minds with brighter ideas vying for their share of success. With the entrepreneurial scenario getting aggressive, the most challenged players in this group are the first-time entrepreneurs. Often with innovative concepts of a path-breaking solution or product…

Sometimes the hardest thing about saving money is just getting started. It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals. This simple step-by-step guide to money saving habits can help you develop a realistic and a good saving plan. Record your…

Food is something the layman can’t do without. Whether its properly prepared or properly packaged. We all must eat. An average Nigerian is an entrepreneur by default, and majority of the Nigerian ladies will rather go for the Hot cake business(Make Up Artiste, Fashion Design, Baking), very few have venture into the food industry and we were lucky to interview Tomisin (@marrgaritah) as she is popularly known on twitter. She shares her food on entrepreneurship and how to run a successful food business Whats your name, and tell us a little about yourself? My name is Tomisin Akingboye. An indigene of Ondo state. Graduate of Biochemistry from Bowen University. I started Magz Kitchen two years ago. How did you get your idea or concept for the business? Before i served (2010), I was in Ibadan. Where i…

With the moving time, there are many business houses, corporate sectors have managed their own slice of work of accounting, and they have learnt to manage the accounts, which are easy to handle them. Bookkeeping is far easy to manage but when it comes to managing the small business then usually the companies hire for…

Freelancing is one of the most progressive industries in 21st century. Particularly in the recession hit economies, it played a vital role in the job creation and economic development. Freelancing at online job portals like needmyservice.com is increasingly become more popular way of earning money. The app platform/interface should be simple and natural, i.e. can…

Profit in any business comes from your business turnover multiplied by your margins. In simple term, Profits = Turnover x Margins Turnover, in turns, is determined by the number of customers you have, multiplied by the number of transactions each customer had with you and the average dollar sale. Thus, Turnover = Number of Customers…