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Showing posts from May, 2017

4 Principles In Business Nigerian Politics Cannot Hold

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                             Looking to delve into a new business and don’t know how to go about it? Not to worry, we will be discussing some of the rudiments required in every business leaving out the peripherals like Nigerian politics. Starting a new business is not an easy task. The amount of time spent planning is so exhaustive that one can easily give up before even starting the process. Failed businesses are so easy to find these days than successful ones in Nigeria. As the environment of business keep changing the core elements of business stays the same. For one hoping to find a niche in any business, one of the most important elements to consider is the cash flow into the business. A business without cash flow is like a stream without water. But before we go into more detail about that, let us take a look at the core elements of every successful business. Feasibility Study Before going into any business please do your feasibility study, it is importa

Nigerian And African Businesses Foreigners Can Invest

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Africa is growing rapidly as the modalities for the establishment of the continent is continually changing. Small and medium scale enterprises constitute the number businesses spread out in Africa. Someone might be asking what Africans actually do to get by, as a large chunk of the continent is poverty stricken ; it is a consuming continent, not a producing one. SMEs however, is part of the development going on in Africa. We will study these businesses and see opportunities for Americans as well. Agriculture   The majority of raw materials in America and some other parts of the world like China are sourced from the African continent. Some countries have leveraged on the fact that the continent doesn't have the capacity to carry out some of the full-scales projects going on in other parts of the world.   Agriculture is as old as humanity itself in Africa, it is no surprise every part of it is brimming with agricultural activities. While countries like Nigeria are

Workers Day And Minimum Wage

Worker Days And Minimum Wage Quite a lot has been said about the recent pronouncement of the Nigerian labour congress and Trade union congress on the increase of minimum wage from 18000 Naira to something that actually reflects the actual economic situation of the country. According to the NLC president, When the wage was increased by the past administration in 2011, the equivalent to the dollar was $110, now it is $40. Following this reality, the Labour union is calling for an increase in welfare package, as salaries are not commensurate to what is been sold in the market. Someone like me aims to draw a line with this post. 1. A barrel of oil was selling for $145/per barrel as at the time the salaries of workers were increased, now they are below $55/per barrel. 2. Following the recent recession been faced by the country, now is the wrong time to call for increase of workers wages. 3. Lawmakers have increased their wages over the years as purported by the NLC. That i