Small Business 247

37 entrepreneurial lessons to learn about Elon Musk in this 2025 Get ready to accelerate your entrepreneurial journey with the visionary insights of Elon Musk! As one of the most innovative and successful entrepreneurs of our time, Musk's remarkable career is a treasure trove of valuable lessons.  In this exclusive 2025 guide, we'll dive into 37 entrepreneurial lessons from Musk's remarkable journey, spanning from his early days as a risk-taking startup founder to his current status as a global business magnate. Buckle up and discover the secrets behind Musk's extraordinary success! Here's a comprehensive overview of 37 business lessons you can learn from Elon Musk as of 2025, based on various sources: 1. Visionary Leadership:  Musk's success begins with his ability to envision a future others can't see. He focuses on solving humanity's biggest problems, not just making money. 2. First Principles Thinking:  Break down complex problems into their fundamen...

Starting a Business as a Young Person in Nigeria: A Step-by-Step Guide Starting a Business as a Young Person in Nigeria: A Step-by-Step Guide As a young person in Nigeria, starting a business can be a daunting task. However, with the right guidance and support, it can be a rewarding experience that sets you on the path to financial freedom and success. In this post, we'll take you through a step-by-step guide on how to start a business as a young person in Nigeria. We'll cover everything from research and planning to financing and launching your business. Research and Planning Before you start your business, it's essential to do your research and planning. This involves identifying your passion and determining what business idea aligns with your skills, interests, and values. Conduct market research to understand your target audience, their needs, and the competitive landscape. Create a business plan that outlines your business goals, strategies, and financial projections. ...

5 Common Mistakes Nigerian Entrepreneurs Make and How to Avoid Them As a Nigerian entrepreneur, you're likely to face numerous challenges as you navigate the complex business landscape.  While mistakes are an inevitable part of the learning process, some mistakes can be costly and even fatal to your business.  In this post, we'll explore 5 common mistakes Nigerian entrepreneurs make and provide practical tips on how to avoid them. _Mistake #1: Lack of Proper Market Research_ Many Nigerian entrepreneurs rush into business without conducting thorough market research. This can lead to creating products or services that don't meet the needs of your target audience. _How to avoid it:_  Conduct thorough market research to understand your target audience, their needs, and preferences. Use online tools, surveys, and focus groups to gather data and validate your business idea. _Mistake #2: Insufficient Funding_ Starting a business with inadequate funding can lead to cash flow prob...

Here are Food related Businesses that might Boom, in 2025: They can make you a multi-millionaire. Nigeria's food industry is booming, and there are several profitable food businesses to consider. Here are some of the most promising options: - Mobile Food Truck Business:  With Nigeria's bustling urban centers, a mobile food truck business can be highly profitable. You can offer a variety of cuisines, from traditional Nigerian dishes to international flavors. Initial startup costs are relatively low, and you can operate from various locations.¹ - Restaurant Franchise:  Investing in a restaurant franchise can provide instant brand recognition and a proven business model. Popular franchise options in Nigeria include Chicken Republic, Kilimanjaro, and international brands like KFC. - Catering Service:  Nigerians love to celebrate, and catering services are in high demand for events like weddings, corporate events, and birthdays. You can specialize in traditional Nigerian cuisi...

How entrepreneurs can take advantage of the war in middle east While the war in the Middle East presents significant humanitarian and economic challenges, entrepreneurs can explore opportunities that arise from the crisis. Here are some potential ways entrepreneurs can take advantage of the situation:  Humanitarian Assistance 1. Relief supplies:  Entrepreneurs can provide essential goods and services, such as food, water, shelter, and medical supplies, to affected areas. 2. Refugee support: Offer services catering to refugees, including education, healthcare, and employment opportunities.    Economic Opportunities 1. Diversification of trade:  With traditional trade routes disrupted, entrepreneurs can explore alternative markets and routes for importing and exporting goods. 2. Infrastructure development:  As countries rebuild and recover, entrepreneurs can provide construction services, materials, and equipment. 3. Renewable energy:  Invest in renewabl...

Aside more money, here is the main reason Why Elon musk bought Twitter (x) Why did Elon Musk buy  Twitter? Why did Elon Musk buy Twitter? Answer Elon Musk's acquisition of Twitter, now known as X, was driven by several factors: Free Speech Concerns:  Musk has repeatedly expressed his belief that Twitter was not adequately promoting free speech. He aimed to transform the platform into a digital town square where a wide range of viewpoints could be shared freely.  Influence and Control:  As one of the most influential social media platforms, owning Twitter could give Musk a direct channel to influence public discourse, policy, and cultural trends. His interest in media and communication was evident when he created his own media company, X Corp, which later merged with Twitter. Business Opportunities:  Musk saw potential in Twitter's undervalued stock and its user base. He believed he could enhance the platform with new features or integrate it with his other ventu...

Where is BLORD head-office located?  BLORD group headquarters is located in Awka, city, Anambra state. Follow this blog post to see how you can find the head office without having to sweat.  If you are coming from Asaba, you need to enter bus going down to onitsha or straight to  Awka through the Onitsha - Enugu expressway.  From onitsha, you will pass Amawbia flyover, kwata flyover, and Unizik Temporary site, and Then, Stop at Regina caeli hospital junction.  Then, cross the express way, and as Keke to take you to BLORD head office.  If you want to go by your self or car, just drive through the Isu-aniocha, Nando Ikem-Urum Road. (Also called: Along).  The address of the headquarter is : No. 29 Dr. Okey Anueyiagu street, along Isu Aniocha road, Okpuno-awka, Awka Anambra state. Blord office isn't far from Regina caeli junction   Please, remember to follow our page to receive notifications whenever we post a new content. Thanks for reading, as ...

How to start a small business in Nigeria: Step by step Starting a small business in Nigeria can be challenging, but with a clear guide, you can navigate the process successfully. Here's a step-by-step guide to help you get started:  Step 1: Research and Choose a Business Idea 1. Identify your passion: Think about what you're passionate about and what problems you want to solve. 2. Conduct market research:  Understand your target audience, their needs, and the competition. 3. Choose a profitable idea:  Select an idea that has a demand in the market and can generate revenue.  Step 2: Develop a Business Plan 1. *Define your business model*:  Outline your business structure, mission, and vision. 2. Set clear goals and objectives:  Establish specific, measurable, achievable, relevant, and time-bound (SMART) goals. 3. Create a marketing strategy:  Outline how you'll reach your target audience and promote your products or services. 4. Develop a financial plan...

Welcome to Small business 247. Please, follow our Site, to receive notifications whenever we post a new content.  Here are some best practices for food item distribution: A.  Pre-Distribution 1. Proper Storage:  Store food items in a clean, dry, and temperature-controlled environment. Food items need to remain fresh all the time.  In case you might want to keep stocks it's advisable that you should get storage facilities in place to avoid spoilage. 2. Inventory Management:  Conduct regular inventory checks to ensure accurate tracking and minimize waste. Always know what can be ordered at a given time and then get them. Some people get orders before purchasing inventory.  3. Food Safety Checks:  Regularly inspect food items for signs of spoilage, damage, or contamination. Then keep eyes on  B.  Distribution 1. Clean and Sanitized Vehicles:  Ensure distribution vehicles are clean, sanitized, and maintained regularly. The best suggestions i...

Unlocking the Secrets to Unbelievable Wealth: My Journey to Becoming a Millionaire 2025 Welcome to Small Business 247 please follow us!  As I sit here, reflecting on my journey to becoming a millionaire, I am still in awe of how far I've come. It's not just about the money; it's about the mindset shift that transformed my life. In this post, I'll share the rules of money that changed my financial trajectory and the mindset that can make you a millionaire in 2025. *Rule #1: Think Long-Term, Not Get-Rich-Quick* I used to believe that making money required a magic formula or a stroke of luck. But the truth is, wealth creation is a marathon, not a sprint.  By focusing on long-term goals and strategies, I was able to make sustainable investments, avoid get-rich-quick schemes, and build a solid financial foundation. *Rule #2: Live Below Your Means, Not Above Your Income* For years, I thought that keeping up with the latest trends and luxury items was a sign of success. But th...

The best approach towards food vending business in Nigeria. It is projected that there will be high demand of food in 2025. And here is the way to start. We have researched and discovered the best way you can do this and be able to record success in the nearby future. Here's a comprehensive approach to starting and running a successful food vending business:  Research and Planning 1. Identify your niche:  Decide on the type of food to vend (e.g., snacks, meals, specialty foods). Me, I sell raw rice, raw beans, and some other raw food item. What exactly do you want to be selling? Write it down on a paper now, before you continue reading this blog. 2. Conduct market research:  Understand your target audience, their preferences, and the competition. What do you know about that product you just decided to start selling?  If you know not much, no problem yet. Don't worry because you can still do research, and learn about the purchasing price, the expected expenses and the...

Elon Musk advises all immigrants to work very hard, while in America, to earn his respect. "We named @Tesla after Nikola Tesla, one of the greatest engineers ever." --Elon Musk

Good reasons to start your own business   There’re factors that will help you to know if you are on the right track or qualified to start you own business. The factors for entrepreneurship include time, people, money, Grown-mentality, confidence and positive belief.  So, the following are the good reasons, that, if you have them, you are qualified to have your own business. You have the time :  This says about your willingness to devote your biggest time for your business. Somebody, whose time is occupied by another endeavor or hobby, can’t be his own Boss, because in entrepreneurship, there are many roles to play. As the owner, manager, true-keeper, seller, moderator, Accountant etc. So, to keep on the right track of progress, you need time!  You don’t need to combine your business with another thing, except those things that will promote it, i.e.: Exercise and Reading. Other things apart from these two things are distractions. I mean you should do ...