Facebook’s Chief Executive Officer, Mark Zuckerberg, is currently in Nigeria to see how Facebook can better support technology development and entrepreneurship in the country and other African nations. The Facebook CEO visited a ‘Summer of Code Camp’ at the Co-Creation Hub in Yaba, otherwise known as the Silicon Valley of Nigeria, as one of his…
If you are a small or medium business owner, establishing a relationship with a bank by opening an account can help boost your personal business. Banks are the major lending institutions to individuals and organisations in the society. However, to access loans from banks, the borrower needs to understand what they require in order to…
Recession is defined by economists as two consecutive quarters of negative Gross Domestic Product growth rate in an economy. It is a confirmation that economic activities in a country have contracted. We believe by now, you have been inundated with news of an impending recession and what it could mean for Nigeria and your business.…
Many different issues must be considered when starting a small business. It is important to plan properly and avoid common pitfalls. As you determine whether or not to start a business, consider NeedMyservice’s suggested dos and don’ts of starting a small business. Dos Do consider risk versus reward. Business ownership is a balance between the…
When people recount the achievement of successful entrepreneurs, they forget that they had also failed in so many things before and it took a long time and discipline for them to attain success. Many successful entrepreneurs have failed in the past. Steve Jobs was fired from Apple Computers before he became its co-founder, chairman, and…
This infographic from the Startup Genome Project 2.0 is based on a comprehensive 2015 report on startup structure, ecosystems, and disruptive industry trends. Why are startups such an important business structure in the 21st century? The Startup Genome Project 2.0 suggests that the 20th century saw the first massive shift in corporate structure in an attempt to deal…
Love it or hate it, Facebook is still the number one social network and first-stop web destination for a majority of web users. Despite this, many entrepreneurs are still unsure of best practices for using the site to benefit their small business. The truth is, Facebook is one of the best ways to market your…
Many businesses mistakenly believe that posting classified adds is a thing of the past. However, for local and small to medium sized businesses especially, classified add posting is just as useful a tool as it ever was for engaging with wider local communities and potential new customer bases. Media space is expensive. Moreover, whilst social…