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Showing posts from May, 2017

Billionaire Adewale Aladejara reveals how he turned #30k into billions of naira within 2years

   Adewale Aladejara is a Nigerian entrepreneur who owns Sapphire Scents . The young man has revealed how he started from the bottom to get where he is , relatively a good place .      Ade narrated how he started with only thirty thousand naira,in just two years ago 2015.Today he has met with a lot of top shots in Nigeria including former head of state Gen Abdulsalami Abubaka (retd) and others  .      According to our reporter ,the young man launched the "Sapphire Scents,2 flagship stores in Lagos and Abuja   His words....            quote ,   This is the day the lord has made ,we will rejoice and be glad in it.In April​ 2015 Sapphire Scents started with just #30k ,today we are opening 2 showrooms ​in Lagos and Abuja        I want to encourage someone today,. A little spark can become a fire ,a little drop can become ocean.       Believe in what God has given you. don't look down on your talent  and gifts .God is  a world class God and whatever He give

Watch chimamanda Ngozi Adichie ,wears made in Nigeria

     The icon and award winning writer chimamanda Ngozi Adichie,has commended Nigeria fashion designer for making the best outfits .      Our dearly chimamanda Adichie famously known for her "we should all be feminist ",has kicked off her new project_"wear Nigerian" on her Facebook page      She expressed that she has been filled with admiration for the designer​s since she started wearing made in Nigeria clothes.she explained​ that wearing Nigeria designs would help grow already devalued naira . the Nigeria government's​ disastrous policies have led to a reduction in the value of the naira and therefore in disposable income,a change in values ,a disorientation at the middle class and most of all,to a debilitating sense of uncertainty,if we are to grasp fir a silver lining,then the buy Nigeria to grow the naira rhetoric is one"       By the way ,the president has declared"made in Nigeria dress day     In the p

Value of a cash flow forecast

      A cash flow forecast is an estimated of the amount of money expected to flow in and out of your business,and it includes all your projected income and expenditures.it is expected to cover the twelve months of the year . A        A cash flow forecast is the major key in running a successful small business. Smart cash flow management will help to ensure that your business runs nicely.it is the insight that gives you the ability to stay on top of your financial health       Generally,most new small businesses will experience variations in cash flow at some stage as their business grows.          To help manage this process ,use a cash flow forecast template to assist with determining money flowing in and out of your business and to identify and approaching cash flow issue        MAKING BETTER DECISION WITH A CASH FLOW FORECAST      A cash flow forecast will help you to make a better decisions​ example-     1, identify if you need a small business loan or line of credit  

Motivate yourself

Five ways to know if you are an entrepreneur ( continued)

    3, MAKE list of people who are where you want to be=you don't have to reinvent the wheel . Study people who have been successful in the area you want to pursue For example,during recession ,many people shield away from the real estate market because they thought it was a dead end . Levit believes that is the perfect time to jump in when most others are bailing out because no matter the business,there are people who are successful in it.study them, figure out how and why they are able to remain successful when everyone else is folding and then set up structure to emulate them .if you want to be creative, create a rigorous and formal plan ,it is not the plan that is creative ,it's the process that you guys through that opens up so many possibilities  4, START doing what you love ,even without business plan = A lot of people wait until they have an extensive range of business plan written down along with angel investors wanting to throw cash at them,and their ideas never

Five ways to know that you are an entrepreneur

As entrepreneur is someone who exercises initiatives by organising a venture to take benefit of opportunity,we also know that there are many ways to understand if one in an entrepreneur... 1,Revisit your childhood-what do you love to do :.It's amazing how disconnected we become to the things that brought us the most joy in favour of what practical "   Rob levit ,Frank Lloyd Wright,played with wooden blocks all through childhood and perhaps well past it.he is the greatest American architect .research shows that there is much to be discovered in play . Even as adults​,asking yourself these questions to get started,things you like doing during childhood eg, construction,fooding, playing football etc.those can translated and added into your life now.how can those past experiences shape your career choice 2,Make a creative board:start by taking a large post board,put the words"New Business"in the center and create a collage of images ,sayings, articles, poems,a

Warren buffet "saving sex for old age?

   There comes a time when you ought to start doing what you want ,take job that you love ,you will jump out of bed in the morning ,I think you are out of mind,if you keep jobs that you don't like because you think ,it will look good on your resume,'isnt that a little like saving sex for your old age

Defining entrepreneurial​ management

   The controlling word in the phrase " entrepreneurial management" is '"entrepreneurial"in any new venture,the controlling word is management   Therefore, for the purposes​ of our work,we lean towards ", management"as a disciple for entrepreneurs.        We define entrepreneurial management as the practice of taking entrepreneurial knowledge and utilising it for increasing the effectiveness of new business venturing as well as small and medium sized businesses   The heart of entrepreneurial management is continually juggling these vital management issues....  1,what is this venture all about (mission and value statement) 2,where should it go (,*goals and objectives) 3,how will it get there (growth​ and strategy)  4,what does it take to reach there (people and resources) 5,what structure is the best (organisational capacities )   6, how much money does it need and when (, financing​ strategy) 7, how will it recognise that final destin

Definition of entrepreneur and entrepreneurship

   Entrepreneur is someone who exercises​ initiatives​ by organising a venture to take benefit of an opportunity .      Entrepreneurship:the capacity and willingness to develop,organise and manage a business venture.Traditionally,the term entrepreneur refers to a person who has a business idea and is willing to take a risk to implement it.        The entrepreneurial life cycle repeats itself in businesses of all sizes ,from start-ups in a garage to corporate entrepreneurship activities in global fortune.it starts with an entrepreneur who perceives an opportunity,creat an organisation to pursue it,assembles required resources, implement a practical plan,assumes the risks and rewards,all in a timely manner for all involved.       Entrepreneurs are directly involved in the dynamic,and very complex interrelationships between financial management and​ business strategy     This is the significant difference that sets entrepreneurial management apart from all business mana

Building empires