Category: Blog

Wrong Business Assumptions can Kill: The A380 Story

Every business makes certain assumptions, deliberately or unconsciously. Industries are created or disrupted when assumptions made are proven true by markets. All successful businesses are built on assumptions that prove true. The development and growth of the fast foods industries, as well companies like Amazon are examples. Similarly, losses and even bankruptcy might be suffered…
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February 17, 2019 0

Path to Success: Everything Should Start With a Purpose

“If you have a strong purpose in life, you don’t have to be pushed…” – Toy T. Bennett One of the reasons many people fail to achieve anything meaningful in their careers and lives is because they failed to identify their true career and life purpose. Even when they can boast of what might seem…
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January 8, 2019 0

Hard Work and Perseverance

“Without hard work, nothing grows but weeds!” – Gordon B. Hinkley Depending on specific calling in life, one capacity or talent or a combination of a few or many, may be the critical factor or factors for success. But one factor common to all is plain old hard work. The capacity for hard work may…
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January 6, 2019 0

What Books Will You Read in 2019?

Many people plan against upcoming new years. Plans on finances, habits, relationships, etc. are made elaborately. But do you have plans on what books you will read in the coming year? The most successful people in the world continuously make conscious efforts to develop themselves in various facets of life. One of the areas they…
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December 28, 2018 0

Delegation – A Key to Ultimate and Long-term Success

The Corporation: The corporation is one of the great inventions of man. They are all formed to achieve some objectives that affect humanity at some level, extent or another. This may necessitate just a few or several people working together and doing many things. Typically, superior officers, in a scalar chain, are charged with the…
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November 11, 2018 0

Entrepreneurial Tit-bits: Keep a Confidante

I have mentioned elsewhere that as a young entrepreneur you have to build a personal tribe as well as a business tribe. I also discussed elsewhere that you should have a mentor. The tribes are groups that, if made use of wisely, will add value to you and your business. A mentor is an experienced…
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October 11, 2018 0

Entrepreneurial Tit-bits: Read Biographies

Irrespective of our callings in life, we all, each, have opportunities as well as face various challenges. As an entrepreneur, you will frequently get pulled back by headwinds as well as some push from tailwinds. Both can become opportunities or constraints depending on how you respond to them. Scientists generally agree that our ‘ancestors’, the…
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October 8, 2018 0

Opinion: High Costs of Imports

The ultimate cost of imports into our country is composed of the following: Free on Board (‘FOB’): The actual cost of the goods the importer in Nigeria pays the exporter for the goods and its delivery to exporting ship. Freight: The cost of shipping the goods from the exporting country to Nigeria. Insurance: The insurance…
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September 16, 2018 0

Investment Opportunities in the NNPC

http://www.nnpcgroup.com/NNPCBUSINESS/BusinessInformation/InvestmentOpportunities.aspx


September 16, 2018 0

GMD of NNPC Meets AKK Pipeline Project Financiers in Dubai

…Charges Them on Timely Delivery of Project Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru in Dubai, United Arab Emirate directed the Chinese Consortium and the NNPC Project Team on the Ajaokuta-Kaduna-Kano (AKK) Pipeline Project to ensure timely finalization of the term sheet for the project’s contractor financing agreement. The…
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September 1, 2018 0

How Illegal Funds Repatriation Affects Exchange Rate, Prices of Goods – Experts

https://www.dailytrust.com.ng/how-illegal-funds-repatriation-affects-exchange-rate-prices-of-goods–experts-268352.html


August 31, 2018 0

NCC Succumbs, Approves Sale of 9Mobile to Telelogy

http://nigeriacommunicationsweek.com.ng/ncc-succumbs-approves-sale-of-9mobile-to-telelogy/


August 31, 2018 0

CBN Slams Heavy Sanctions on Four Banks; Writes MTN to Refund $8b

CBN Press Release: Abuja CBN slams heavy Sanctions on 4 Banks Standard Chartered N2.4 bn Stanbic IBTC N1.8 bn Citibank N1.2 bn Diamond Bank N0.25 bn writes MTN to refund $8 billion ABUJA The Central Bank of Nigeria (CBN) says it has imposed heavy sanctions totaling N5.87 billion on four banks under its regulatory purview…
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August 30, 2018 0

CBN Unveils Guidelines for Long-term Credit to Agric. and Manufacturing – Press Release

ABUJA– The Central Bank of Nigeria (CBN) has underscored its intention to increase the flow of credit to the real sector of the economy, in order to consolidate and sustain the nation’s economic recovery. It will be recalled that the CBN Monetary Policy Committee (MPC), at its 119thmeeting held on July 23 and 24, 2018,…
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August 26, 2018 0

Entrepreneurial Tit-bits: Rule-making

Entrepreneurship is about converting ideas, from concept, into commercial successes. This involves several things such as generating the ideas, testing the ideas, raising finance, producing the goods and services, selling the goods and services, etc. One of such vital responsibilities of the entrepreneur is team-building. You will need to build a team or teams of…
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August 11, 2018 0

Entrepreneurial Tit-bits: Get a Good Spouse!

Without doubt, as a young entrepreneur, one of the most important decisions you will need to take in life is about who to marry. It is a very important decision that can affect every other thing you do for the rest of your life. From influencing what you can do, when and how, to supporting…
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July 29, 2018 0

Entrepreneurial Tit-bits: Strive to be Discriminated by the Fishes!

President Hoover of the United States took to fishing through which, he said, presidents might escape to their own thoughts, away from the ‘pneumatic hammer of constant personal contacts’. Moreover, he added, ‘.. it is a constant reminder of the democracy of life, of humility and human frailty– for all men are equal before fishes.…
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July 28, 2018 0

Entrepreneurial Tit-bits: Focus on Delivery

At take-off and early stages, many entrepreneurs tend to want to win the ‘big’ businesses from their potential customers and make all the money they can make. This is desirable, but there is need for understanding and caution. Executing jobs and getting them completed to the satisfaction of clients requires varying resources. These resources include…
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July 22, 2018 0

Entrepreneurial Tit-bits: Monitor, Understand and Control Your Internal Discourse

The psychologists tell us that our thinking determine our feelings and our feelings bear on our actions and our actions, we all know that one, determine the results we achieve. To help us toward achieving our preferred results, we therefore need to monitor, understand and control our thinking. Unknown to many of us, however, it…
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July 18, 2018 0

Entrepreneurial Tit-bits: Focus on the ‘Big Things’

In our last Entrepreneurial Tit-bit, we discussed the need to understand the ‘small things’ and take care of them in your business. Small issues, not sorted out, have a way of irritating you; distracting you, and can become a drag on you as well as hamper your ability and overall efficiency in handling the big…
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July 15, 2018 0

Entrepreneurial Tit-bits: Take Care of the ‘Small Things’

Somehow, many of us believe that succeeding in our calling and life in general is just about doing the ‘big things’. In reality life doesn’t work that way. The most successful people are very good at and do take care of the small things, first. That helps them take care of the ‘big things’ easier…
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July 12, 2018 0

Entrepreneurial Tit-bits: Attention to Time

I have written on the less than productive work attitude of both employers and employees in our environment. For more, visit, http://melyakub.com/work-attitude-and-entrepreneurship-in-…/. The negative consequences are too many, from economic losses to social strains. To ensure that you work towards improving your work habits, the first thing to start with is your attention to time. 1.…
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July 10, 2018 0

Choices and Entrepreneurship Success

In my book, SAIL YOUR BOAT – Success is a Lifestyle and a Journey, available on Amazon and on this site here, I, among other things brought in a few parallels of physical science laws that seem to have meaning in our social lives as well. I explained that the only major differences between the…
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July 7, 2018 0

Entrepreneur’s Tools for Success (II)

– By Mirza Yawar Baig 3.    Physical Fitness Adrenalin is the best natural energizer. And you get a lot of it on the treadmill provided you sweat enough. The gym is an absolutely fixed part of my day. I would go to the gym at mid-day because I was relatively free then. But on the days…
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July 5, 2018 0

Entrepreneur’s Tools for Success (I)

– By Mirza Yawar Baig ‘In every one of us there are two ruling and directing principles, whose guidance we follow, wherever they may lead; the one being an innate desire of pleasure; the other, an acquired judgment which aspires after excellence.’ ~ Socrates, in Plato’s Phaedrus First question of course is to ask if…
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July 4, 2018 0

We are Building a Database of Prospective Mentors

From providing education to opportunities for apprenticeship and the like, all societies support their youth to some extent. These and more are necessary if the youth are to be sufficiently prepared to take over leadership in the private and public sectors of the society. Whilst we all tend to focus on the legitimate and primary…
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July 2, 2018 0

Work Attitude and Entrepreneurship in Africa

Caveat: This writer recognises the multitude of hardworking men and women in Africa that strive daily and with integrity at their places of work. Sadly, we need to do much more to restore certain cultures we have lost if we are succeed in developing entrepreneurship for the twenty-first century and beyond. In my last post,…
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June 30, 2018 0

Entrepreneurship and African Infrastructure

A few days ago, I placed an order for supply from South Carolina, United States. The goods were shipped and the international courier company had them delivered to Lagos, Nigeria within thirty-six hours. Covering some ten thousand kilometers, likely through at least two airports and two processing centres, within that time was quite impressive. As…
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June 24, 2018 0

Opportunity Is What You Create

– By Mirza Yawar Baig I was in the Anamallais, just married a few months and a lowly Assistant Manager in Lower Sheikalmudi Estate. My wife and I lived in the ‘haunted’ bungalow near the tennis court and I was busy trying to make a career and stand out in a fiercely competitive environment. I…
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June 24, 2018 0

Sitemap

For enhanced user-experience and SEO purposes, our sitemap is now up on here.


June 18, 2018 0

Mentors, Investors and Philanthropists

A robust entrepreneurial class is a blessing to any society. However, entrepreneurship is challenging and to enhance the chances of success, we all need to support our young entrepreneurs in any way we can. We work with mentors, investors and philanthropists to select entrepreneurs that need the kind of support we can individually offer. Typically,…
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June 15, 2018 0

Entrepreneurship Grant

Business Grant Reference: G01 – 18 Amount: N300,000.00 Closing: 27/7/2018 Announcement: 10/8/2018 * Presentation: 18/8/2018 * We are pleased to announce the availability of an entrepreneurship grant of N300,000.00 (three hundred thousand Naira) only provided by a philanthropist. The said maximum amount is to be provided to a Nigerian entrepreneur in any business sector other…
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June 12, 2018 0

Living Success (Series)

No matter the role you are playing in life, these are indeed very ‘noisy’ times. From distractions to outright wrong information and ‘principles’, we are daily bombarded by people and modern communication tools. Unless, our feet are fully grounded, we run the risk of putting effort and committing resources but not achieving the meaningful lifestyle…
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June 9, 2018 0

SAIL YOUR BOAT – Success is a Lifestyle and a Journey

Irrespective of your calling in life, you need to define what success is. Unless this is done correctly, individuals and societies end up working hard on wrong premises and even achieving laurels that end up meaning nothing or only little to them. It is against this background that I wrote my book, SAIL YOUR BOAT…
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June 7, 2018 0

Pathway to Entrepreneurship (Abuja and Lagos)

Our ‘Pathway to Entrepreneurship’ is an intensive training and personal advisory program for those considering going into and those in early stages of business. Minimum qualification: University students in their final year of study, NYSC members, graduates, junior executives in employment, and those aspiring to leave or retire from paid employment. Age: 21 years and…
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November 22, 2017 0

Market Trend Prediction, Product Development, and Risk Hedging – Airbus Vs Boeing

The competition between aircraft makers Boeing Corporation of the United States and Airbus Industrie, the European consortium, is a very interesting textbook case study in market trend prediction, product development and risk hedging. It clearly shows how businesses try to predict the future and commit enormous resources into their positions. It can be payback massively…
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August 2, 2017 0

Delivering Results in a Low-Trust Environment: A ‘Dangote-Wilmot’ Model

One of the major challenges faced by entrepreneurs in Nigeria and several other such countries is, unfortunately, fraudulent activities by staff. These activities include direct cash theft, under-invoicing of sales to favour a customer, over-pricing of purchases from suppliers, direct pilferage of products, etc. These actions make entrepreneurship more costly and difficult in our environment.…
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June 10, 2017 0

Build Your Business Tribe

  In our post on ‘Personal Tribe’, we discussed the evolution of tribal groups and the need for an entrepreneur to have a ‘personal tribe’. The features, benefits and composition of ‘personal tribes’ were discussed. Here we will discuss the need for an entrepreneur to have a ‘business tribe’ as well. Business Tribe: The personal…
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April 18, 2017 0

Build Your Personal Tribe

As social creatures, human beings kept, and many still keep, to their ‘tribes’ for several benefits such as identity, protection, self-sufficiency and opportunity for growth. Overtime, trade, wars and politics have forced different levels of evolution to different tribal groups across the world. We are now living at a time we call the earth a ‘global…
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January 29, 2017 0

Young Entrepreneurs Support Sessions

In association with our company, Aperture Consulting, we are pleased to announce the commencement of our Young Entrepreneurs Support Sessions (‘YESS’). These are one day free consulting sessions aimed at helping young entrepreneurs clarify any business knotty issues that might be confronting them.  About five experienced consults will be available at the sessions to privately…
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January 1, 2017 0

Free Training Programs for Start-up Entrepreneurs on How to Access Nigerian Government Intervention Funds

(Course Ref: FTP17/01): We have free training programs for start-up entrepreneurs on how to access various business intervention funds from the government of Nigeria. The program includes the following training modules: Moral and legal obligations of debt Needs assessment Nigerian government funding options for start-up businesses Processes and requirements Venues and dates: The programs are…
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December 31, 2016 0

Creativity in Business (I)

A lot of qualities are considered a personal must for the success of the entrepreneur and their organisation. Creativity as one of those qualities however, is unfortunately and wrongly, not given the prominence and importance that it deserves. A creative entrepreneur stands a greater chance of success than one that is not. And as we…
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December 27, 2016 0

Sales BootCamp Training:”Strategic Market Development & Prospecting Skills”

Fri, Jan 27, 2017, 8:30 AM – Sat, Jan 28, 2017, 4:30 PM WAT Lagos Chamber of Commerce and Industry (LCCI), Dr. Nurudeen Olowopop Way Ikeja, Lagos


December 20, 2016 0

Nigeria Export Workshop

Sat, January 21, 2017 8:00 AM – 5:00 PM WAT Lagos Chamber of Commerce and Industries PLOT 10 DR. NURUDEEN OLOWOPOPO DRIVE, BESIDE MARWA/MKO GARDEN Ikeja, Lagos


December 20, 2016 0

Young Entrepreneur Meetup

Sat, January 21, 2017,  10:00 AM – 1:00 PM WAT Capital Square 2nd Floor, The Garnet Building Km 14 Lekki-Epe Expressway Igbo Efon, Lekki, Lagos


December 20, 2016 0

News and Events

CBN plans soft loans for one million graduates


December 11, 2015 0

News and Events

‘Entrepreneurs in 54 African countries to access $100m’


December 6, 2015 0

News and Events

SMEDAN Presents New National Policy On MSMEs


November 29, 2015 0

News and Events

First Bank backs SMEs


November 25, 2015 0

News and Events

Grow your business at Agra Innovate


November 20, 2015 0

News and Events

Secrets for Successful Start-Up Webinar Series 3 by Heirs Holdings


November 16, 2015 0

News and Events

New business opportunities for Nigerians


November 16, 2015 0

News and Events

SME AND FRANCHISING NIGERIA EXHIBITION AND CONGRESS- 2-3 December 2015, Eko Hotel Convention Centre, Lagos, Nigeria http://www.smeandfranchisingnigeria.com    


November 11, 2015 0

News and Events

  Sokoto plans to end subsistence farming: http://businessnews.com.ng/2015/11/09/sokoto-plans-to-end-subsistence-farming/


November 10, 2015 0

News and Events

BoI to cluster SMEs across 40 sectors for easy funding


July 16, 2015 4

News and Events

African Convention LAGOS 2015


June 21, 2015 0

News and Events

Bank of Industry disburses N16bn loans in Kano


June 20, 2015 0

News and Events

CBN amends commercial agric credit scheme guidelines


May 19, 2015 0

News and Events

FCMB SME Capacity Building Initiative


May 14, 2015 0

News and Events

BOI Disburses N127bn Loans to MSMEs


May 13, 2015 0

News and Events

Fidelity Bank raises N30bn to boost lending to SME


May 11, 2015 0

News and Events

5 Business Startup Lessons from Buhari’s Election


April 11, 2015 0

News and Events

Hope Rising for African Entrepreneurs


April 2, 2015 0

News and Events

MasterCard Debuts MSMEs Focused Acceptance Development Program in Nigeria


March 26, 2015 0

News and Events

Tony Elumelu Foundation selects Inaugural 1,000 participants for $100M Entrepreneurship Programme


March 24, 2015 0

News and Events

Development Bank Begins Operation With N300bn


March 24, 2015 0

News and Events

Youth Entrepreneurship Strategy to Attract CBN’s MSMES Fund


March 24, 2015 0

News and Events

FG Begins N39.6bn MSME Development Programme


March 18, 2015 0

News and Events

CBN Introduces N300bn Real Sector Support Facility


March 6, 2015 0

News and Events

FIRS to boost tax compliance with electronic platforms By BusinessNews Staff on March 3, 2015


March 3, 2015 0

News and Events

Heritage Bank Launches Scheme for SMEs


February 25, 2015 0

News and Events

Crude oil prices rise for third successive week By BusinessNews Staff on February 17, 2015


February 18, 2015 0

News and Events

Further devaluation of naira inevitable – Rewane By BusinessNews Staff on February 13, 2015


February 17, 2015 0

News and Events

We can’t access govenment loans — SME operators By BusinessNews Staff on February 14, 2015


February 15, 2015 0

Traits of Entrepreneurs – II

Aptitude and Attitude: Our aptitude and attitude play a most important role in the successes we attain in each sphere of our life endeavors. Your likelihood of succeeding as a business entrepreneur depends to a large extent on your aptitude and attitude. It is therefore extremely important that you understand what they are; what your…
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January 26, 2015 1
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