Small Business 247

How to Form a company  from scratch in nigeria (step by step)  Look no further, you will find the answer here.  Forming a company from scratch! It's a great move. But is it a very easy thing?  Forming a company from the very scratch isn't only about having the money, you also need to know very well about what your business is and also all the processes involved, both during and after the company formation.   Registering the business name, Getting a suitable physical office for head office, hiring your first employee, and appointing the very first board of directors (B.O.D) as well as selling your first stocks... These are tedious but: Here's a step-by-step guide to easily get that done soon.  You might break the steps down as goals and follow them sequencially and achieve them over time.  Step 1. Pre-Incorporation (Action 1-4 1. Idea Generation :  Define your business idea, mission, and vision. Think, write down and visualize the idea, possib...

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 ...

  Turn it up--Nothing good comes on a platter of gold .  It is entrepreneurs who understand the above fact that do the necessary things in order to achieve greatness.  How do entrepreneurs make progress in their business? —By continuously doing the required tasks and providing result for them; by that, they progress.   The rate of success we have overtime is as a result of how much progress we make by the process of “Turn-up”. Now the question here is, ‘What does it mean to turn something up”  Spin your wheel continuously! Like someone on the bicycle, rotating your pedal keeps your bicycle moving while you are riding it.   But stopping to whine the pedal while you are still on top of the Bike can soon make it to stop moving and thereby fall, causing some damages or even death. It is persistent consistency that keeps your business progress.   African proverb says, “You won’t take because of dangers in the battle field and av...

We all know that ethics are personal decisions on the rights he should do and wrongs he should avoid for effective representation in his business. Good. But what if a business refused to make or abide by that decision?  In line with number 1 above here is a concept, known as the B.O.R.N Code concept; a platform aimed at checking and controlling attitudes behaviors and conduct of all sellers, business owners and entrepreneurs all over Nigeria. It should be used to fight unethical business management in our country.  Self sourced method, applicable to all.  To learn about SEO tools, go to MD Abdul alim website. I suggest we should create what is known as Business Ownership Registration Number. And this should get linked to the Banks’ Verification Number (BVN) and with the National Identification Number (NIN). This will be an optimum identification in Nigeria against fraud and other misconducts in businesses and should be compulsory to anyone who wants to...