My Bank Alert

My Bank Alert For people with great entrepreneural spirit... To create a business-oriented generation with a high independent and interdependent skill set.

For business ideas and financial growth

29/10/2019

When is the best time to start your own business?Few days ago, I got to interact with a client and she dropped a questio...
17/05/2019

When is the best time to start your own business?

Few days ago, I got to interact with a client and she dropped a question. According to her, this is a question she has been battling with for years. "How can I know if it is the best time for me to start my own business?", she asked. This question sent me down memory lane and I realized that I once thought in the same direction as well.

Similarly, a lot of people want to start a business but do not know if it is the right time. Anyway, based on research and consultation with few successful entrepreneurs, I have outlined some tips on the best time to start your own business.

One of the best times to start a business is when you are mentally matured to accept failures. Once your mind has been trained to accept failures and learn from them without grumbling, you can start and run a business successfully.

If you had started a business yesterday, you would have been cruising on success lane by now but then, you still have an opportunity to start today. But the reason I advocate you start when you are young is, you can easily accept financial mistakes in your 20s than in your 40s.

When your mind becomes alert to business ideas, then you are faced with the best time to go into business. If you don't have business ideas, even if you are given $1million, you will not be successful in the business world. Ideas and knowledge are more important than capital and you do not need to know everything about that business before you can start. Just start and learn as you grow. Start with what you have.

If this post was educative, like and share. Also feel free to comment or drop your questions in the comments section.

7 lucrative businesses you can start and become successful in Nigeria.With the high rate of unemployment in Nigeria, man...
13/05/2019

7 lucrative businesses you can start and become successful in Nigeria.

With the high rate of unemployment in Nigeria, many youths have been going into business. Some just do business to survive while they are waiting for the "good jobs", others are already working on taking their business to the next level while some are still planning on the kind of business to start and make money in Nigeria.

Well, if you are among the group still planning on the kind of business you can do and be successful, then this post is for you. But before I start listing the businesses, I just want to point out to you that no business is successful on its own, rather creative entrepreneurs make the business to be successful. That is why in every business sector, there are successful businesses and the unsuccessful ones. For example, that all the members of your family are into tokumbo car sales and doing well in the business does not make the sales of car a good business, there are secrets applied by the business owners that makes the business to work. Therefore, before you go ahead to start any of the business that I have listed, I suggest you need to gain business knowledge first and then move further to study the business you are about to start.

Gaining business knowledge gears towards reading business books. How can you tell me that you want to start a business and you have not read any single book on business? Do you know that business is not about what to sell or what to produce? Business is more about how to sell. So if you don't know how to sell, even if you produce the best thing in the world, you will never be successful in that business. So if you must be a successful entrepreneur, you must start reading books on business, sales, accounts, customer relationships and so on. And finally, you must act on what you read because no business idea can ever be successful on its own without your efforts.

Studying about the business you are interested in is all about learning from those that are already successful in that business by either meeting them in person or reading heir books, watching their podcasts, following them on social media and so on. The more you know about a particular business, the more possibility that you will be successful in that business. Study the timing of that business to know when it sells more and know the kind of location where the business is likely to thrive. Know all you can about the business when you can but do not try to know everything at a go because knowledge is like a limitless horizon.

So on my list of the 7 hot selling business ideas you can start in Nigeria, I have the following;
1. Laundry/dry cleaning
2. Online importation
3. Book sales
4. Poultry farming
5. Plantain chips making
6. Car wash business
7.Snail rearing

If this post was educative, like and share. Also feel free to comment or drop your questions on the comments section.

12/05/2019

10/05/2019

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