LIberty Consult - The Business Clinic

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Dear Business Owners,NO_BODY_CARES_ ABOUT_YOUR_ BUSINESS, EXCEPT _YOU.Let me share a short story, Last week I and my sta...
20/09/2021

Dear Business Owners,

NO_BODY_CARES_ ABOUT_YOUR_ BUSINESS, EXCEPT _YOU.

Let me share a short story,
Last week I and my staff entered a large supermarket within town, met the manager and told him we would like to see the owner of the supermarket, and the manager was inquisitive to know why we would like to meet the owner, we then told him we work with "Liberty Business Consult" and we automate businesses, and stop income leakages, that this would help them run the day to day sales transactions, and take care of the important aspect of the business like; the stock report, sales recording, accounting and the others, and will also enable the business owner to monitor every sales activity from any part of the world (easy right?). Wait for his response.

The manager then asked us, if the software will be able to let the business owner know what and what was sold and should be remaining in the store and we answered "YES" and even more.

Guess what the manager did when we said yes, he took us to his office and pleaded with us with a low voice, and said, "Please I wouldn't even want my boss to know of this package, if he does, it will affect me, I might even loose my job and go to prison. He offered money as a form of bribe indirectly, in his words "Please you can take this 50,000 for transport fare, and never bother about this".

To our utmost surprise, we were shocked, I mean the audacity, we then turned down the offer immediately.
So this manager has been busy embezzling money from this business without the owner's knowledge. And now that we want to introduce a package to help monitor and secure the business, the manager is hell-bent to make that impossible, so he can still continue embezzling someone's business, till maybe when the business finally goes bankrupt.

People are really wicked I must say, no wonder the bible says "The heart is deceitful above all things, and desperately wicked: who can know it?
Jer 17:9

One good lesson you should learn from this, is that as a business owner, no body cares about your business except you, don't be too comfortable to say I trust my staff, my sister or brother is charge of my business.

Everyone is just there for what they can get including your sister or brother.
So you have the responsibility to put systems and structures in place to monitor your business. Your business is your responsibility, nobody cares about your business, except you.

Kindly talk to LIBERTY-BUSINESS CONSULT, we help you automate your business, and stop income leakages to the nearest minimum. We are just a call away to help you.

As your business grow, you would always need people to work for you and with you, you can't do it alone.

When we step in as Liberty-Business Consult , your sales representative, manager and the like, can't embezzle your business money, whether you are there to monitor or not.

Don't wait until your business goes bankrupt before doing something to seal it.

Just place a call: LIberty Consult - The Business Clinic 08034162110 or Visit us @ 223 Ikot Ekpene Rd, by LG Show room. ...and we would be right there at your door step.

CALL US NOW.......



WHAT_TO_KNOW_BEFORE_STARTING_A_BUSINESSGreat business idea is not enough to build a successful business.According to sta...
02/06/2020

WHAT_TO_KNOW_BEFORE_STARTING_A_BUSINESS

Great business idea is not enough to build a successful business.

According to statistics 90% of businesses fail within 5 years of starting a business and out of the remaining 10%, only 1 out of 10 businesses last in the next 5 years.

The question is, what makes some businesses fail while others succeed.

Below may be several reasons businesses do not succeed but not limited to:
- poor customer services
- poor logistics and cost management
- inadequate product.

But the major reason for any business failure is lack of Business plan.

Business plan helps you define goals and achieve them in your business journey.

These are the steps for a quality business plan:
- 1. Define your vision and Mission

- 2. Set your goals and Objective for the business. These include your short term, mid term and long term goals. Also this should capture your Revenue generation, No of Outlet, No of customers you need in your data base and target population, Age group

-3. Define your unique Selling Proposition. what is it about you that is different from the crowd.

- 4. Know Your Market. How many competitors you have, What are their current and Future trend of the industry. If you know the working of the market you can manipulate them in your Favour.

- 5. Know your Customer.
If you want to get the heart of your customer, You should know what your customer wants. Understanding the motivation behind customer's action can make your business successful.

- 6. Study the Demand and Supply Curve. Find out the demand before investing in a new business. The rule is that demand should be more than the Supply.
If demand > supply your business is likely to succeed , but if demand is < supply your business wil die. So gather as much information that you can. You can do a secondary research but the best option is to do a primary research.

- 7. Set your Marketing goals

- 8. Define your Marketing Strategy

- 9. Take Action and Never Be discouraged.
If you need a quality business plan or you are about to invest in a business. Hold on first, before you take that decision talk to the professional - Liberty Consult ( The Business Clinic) you Can reach us on this number 08176484995 .
We Analyse and Forecast that Business decision for you.

LEARN THIS: Money is currency it always flows. If it is not flowing to you then there is something you are not doing rig...
22/05/2020

LEARN THIS:
Money is currency it always flows. If it is not flowing to you then there is something you are not doing right. Consult the Business Clinic, let us teach you what to do.

17/02/2020

If you have poor money-management skills, then all the money in the world cannot save you.

TIME IS THE DIFFERENCESometimes ago Aliko Dangote, Femi Otedola, Jimoh Ibrahim, Mike Adenuga... were looking at Abiola, ...
13/02/2020

TIME IS THE DIFFERENCE

Sometimes ago Aliko Dangote, Femi Otedola, Jimoh Ibrahim, Mike Adenuga... were looking at Abiola, Nwanyawu, Igbinedion, Dantata as YOU are doing now.

Sometimes ago Messi, Ronaldo, Ronaldinho were looking at Maradonna, Roberto Baggio, Romario, Jeep Stam, Luther Mathaius as YOU are doing now.

Sometimes ago Bill Gate, Warren Buffett, Carlos Helu... were looking at Rosthschild, Rockefeller, Henry Ford as YOU are doing now.

Sometimes ago GEJ, Late President Yaradua were looking at Tafawa Balewa, Muritala M, IBB as YOU are doing now

Sometimes ago Adeboye, Olukoya ,Oyedepo, Areogun, Kumuyi... were looking at Ayo Babalola, Obadare, Idahosa, Kc Price... as YOU are doing now.

Sometimes ago, Emeifile, Sanusi Lamido, Soludo were looking at Clement Isong, Vincent, O.Ahmed, M.Borno as YOU are doing now.

The only thing that speaks in the lives of these people and the only difference among them is TIME called TOMORROW. Your tomorrow is only in the hands of God. Get ready to fill the vacuum of the Legend you are looking at as you read this message. Grace of God will eventually take you there.

Don't stop when the road is closed. Continue even if it will take you to create another. We will all get there by special grace of God.

Every king was once a crying baby, every Principal was once a Pupil and every building was once a picture. The person you admire so much was once a nobody. The person you attended his or her wedding was once a chief bachelor or spinster. So why worry in life?

It's not about where you are today but where you will reach tomorrow. Alphabet *"O''* which stands for Opportunity, is absent in *''yesterday''* but once in *''tOday'*' And three times in *"tOmOrrOw''* So Stay Positive Always and have hope. Your tomorrow will surely be better than today. Believe in yourself and never give up.

*The future is Bright!*
WATCH OUT FOR LIBERTY CONSULT
WE ARE.........
"THE NEXT BIG THING "

WHAT MAKES BUSINESSES FAIL AFTER A FEW YEARSBusiness failure refers to a company ceasing operations following its inabil...
27/01/2020

WHAT MAKES BUSINESSES FAIL AFTER A FEW YEARS

Business failure refers to a company ceasing operations following its inability to make a profit or to bring in enough revenue to cover its expenses.

A profitable business can fail if it does not generate adequate cash flow to meet expenses.

Businesses can fail as a result of wars, recessions, high taxation, high interest rates, excessive regulations, poor management decisions, insufficient marketing, inability to compete with other similar businesses, or a lack of interest from the public in the business's offerings.

In Nigeria, we have a lot entrepreneurs starting up or running fantastic businesses. However, there are several factors that makes businesses to fail.

These factors is divided into :

1. Individual factors
2.Other factors

The Individual factors are:
PLANNING – It all begins with planning. The biggest mistake many entrepreneurs make as they start their ventures is that they don’t sit down and write a business plan. The goal is to keep it concise. You can do a great business plan in one or two pages. This will help in their SWOT analysis where the entrepreneur gets to know the business strength, weakness, opportunity and threats.

LACK OF CAPITAL –Capital is a mechanism that keeps any business running. It can lead to the inability to attract investors. Lack of capital is an alarming sign. It shows that a business might not be able to pay its bills, loan, and other financial commitments. Lack of capital makes it difficult to grow the business and it may jeopardize day-to-day operations.

LACK OF EXPERIENCE AND LEADERSHIP FAILURE –
In Nigeria, there has been a series of entrepreneurial seminars geared at guiding different entrepreneurs on what to do but the question is, How many of business owners take such opportunities into consideration? Businesses fail because of poor leadership. The leadership must be able to make the right decisions most of the time. From financial management to employee management, leadership failures will trickle down to every aspect of your business. The most successful entrepreneurs learn, study, and reach out to mentors to improve their leadership skills as well as attending seminars which would enhance them. No matter how informed you feel you are, once you want to startup a new line of business, it is pertinent that you seek professional advice. This will help you ascertain whether or not the business is profitable as you thought. Most times, entrepreneurs start up a business because they find others doing the business and profiting. Yes, they might be profiting from the same business but there might be a secret behind the success.

POOR BUSINESS LOCATION:
Poor location is a disadvantage that might be too much to overcome. If your business relies on foot traffic, location is a strategic necessity. A poor location might make your customer acquisition costs too high.Many businesses here has a lot to offer with beautiful product but the major problem here is that the location where such businesses are located are mostly not accessible by customers who has interest in patronizing such places . Due to this, such businesses tend to fail as sales would be that which wasn't envisaged by such business owner. As it is, there is no business that is not profitable, but if your business is not located at a place that the product/service is required, it will not fly or be profitable.

INNOVATION :
Thanks to a number of entrepreneurs here in Nigeria that has come up with better ideas and ways of reaching out to their customers as making use of delivery services so as to make it easier for their customers to patronize them and thereby increasing their sales. However, there are a number of them out there who are immobile irrespective of the beautiful nature of their products. We all know that the world is now a global world, there are businesses that needs to create awareness of such products on social media and other places but when the business owner has made no efforts to creating such awareness and expects that their targeted customers will always locate them in any way. Lack of innovation has led to the failure of businesses here in Nigeria.

LACK OF ATTENTION TOWARDS TARGETED CUSTOMERS IN THE AREA WHERE SUCH BUSINESS IS LOCATED :
Failure in businesses can also be attributed to the failure of such an entrepreneur to know his targeted customers. This happens mostly with Provision stores. These set of entrepreneurs tend not to pay attention to the location and targeted customers. Most times you will see a person starting a provision business in a place where 5 to 6 provisions stores are already situated. And there's a saying in my dialect that "Urua Ayam Iso" notwithstanding this saying, I think that such situation leads to failure in business as such other stores must have gained the confidence and love of the people living around. These set of business owners should try as much as possible to look for more strategic location where their business can flow well.

We would be discussing the other factors in our next post.

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LIBERTY CONSULT- Your financial Solution.

THINK LIKE THE RICHYour boss pays you N30,000 per month.Now let's assume that you decided to save all without touching a...
22/01/2020

THINK LIKE THE RICH

Your boss pays you N30,000 per month.
Now let's assume that you decided to save all without touching a dime, it would take you 36 months to make N1million.
(Did I hear you say 3years?)
Absolutely!

On the other hand, if you can convince an organisation like Dangote Group to print and supply 5000 umbrellas to them (to be used as souvenirs) and you make just N200 profit per umbrella, in just one day you must have made N1million.

What about becoming a billionaire, that is where it gets crazy!
Now let's increase your pay to N1,000,000 per month and you decide to save all without touching a dime. In a year, you must have saved N12million. It would take about 84years before you can make N1billion. (Please subtract your current age).
On the other hand, Nigeria has a population of about 200 million people, If you can supply salt to just 12million people once in a month and you make just N200 from each person supplied, in one year, you must have made N2.9billion.
This shows that to become rich, you have to stop talking to bosses and start talking to clients.

HARD ANALYSIS:
Divide your SALARY by 30 days and see what you get (i.e. the number of days in a month and see the funny thing about your salary plan)

FOR EXAMPLE
(1) An average level-12 worker in the state government civil service earns NGN 60,000.
**** And this translates to NGN 60,000÷30= NGN 2,000 every day. This is LESS THAN the amount made daily by an AVERAGE HAWKER in the city.
(2) A freshly EMPLOYED GRADUATE BANKER in most NIGERIAN BANKS earns an average of NGN120,000 monthly.
So everyday, you get NGN120,000÷30= NGN4,000 as the daily value for your work-life. By implication, this is LESS THAN the amount earned DAILY by an AVERAGE DRIVER in d city and in some villages.....
(3) If you are a FRESH GRADUATE EMPLOYEE in some oil companies, you earn an average of NGN300,000 monthly. So in a day your WORK-VALUE is NGN300,000 ÷ 30= NGN10,000
**** This is LESS THAN the daily amount earned by an IRRIGATION FARMER supplying vegetables to Lagos MARKETS, a TIPPER CAR DRIVER supplying sand for three BLOCK INDUSTRIES and CONSTRUCTION SITES just 3 times a day and DRIVERS of DANGOTE TRUCKS who have bought off the trucks at scrap value and vare using them to convey products between villages and the cities for just five business owners.

HOPE BY NOW, IT IS SINKING IN, RIGHT?
And when there is an ISSUE in the FAMILY that requires FINANCIAL ASSISTANCE, the DRIVERS, HAWKERS and the rest are looking up to you with a WHITE COLLAR JOB.

(4) If you are an NYSC MEMBER, you DON'T need to be told that:
*****NGN19,800÷30 = NGN 660 is your worth on a daily basis.
I hope you know that PURE WATER SELLERS who own a shop, a pepper soup joint and a small TOYOTA COROLLA car to distribute pure water to five restaurants earn MORE THAN you and WHEEL-BARROW PUSHERS working on contract for three warehouses probably make MORE MONEY than you EACH DAY

Wake up and be more productive. We should be more proactive, create room for more income and strive to diversify our streams of income.
The earlier you wake up and smell the coffee, the better for you.

Someone right now will say this analysis is too ideal to be true but take your time and do it, you will grasp the crux!!!
STOP waiting for the Government to feed you, feed yourself and help the Government feed others. That is where we are in this age.

I wish you an Entrepreneurial mindset.

Think ENTREPRENEURSHIP.

THINK- LIBERTY CONSULT

How do I grow my money?please read this!!!In 1990, Shina Peters built a house with N20 million naira; the same year Jim ...
20/01/2020

How do I grow my money?

please read this!!!

In 1990, Shina Peters built a house with N20 million naira; the same year Jim Ovia started Zenith Bank with the same amount.

Today, you and I don't have a room in Shina's house but I have an account in Jim's bank and probably you do too.

Shina's house was built in Iju Lagos and remains there till date.
Jim's bank started in a corner and now has over 500 branches in Nigeria, and many international branches.

Millions upon millions transact business in Jim's bank daily.
Shina's house is becoming dilapidated...in 2015, he SPENT more money to renovate the house and bought a Nissan Pathfinder with N10 million...additional liability, while in the same 2015, Jim's bank MADE a profit of N105.7 billion.

Zenith bank employs hundreds of thousands, and feeds their families.

This is the difference between Assets and Liability. If you buy a car for N20 million today, in 20 years time, you will be ashamed to drive it. On the other hand, if you invest that same amount in a lucrative business or in an asset, It may be worth billions in 20 years. ( Jim Ovia is now worth $980 million dollars, with the official dollar rate of N320, that means he is worth N313 BILLION NAIRA because of an investment of N20 million).

Spend the little money you have today wisely. Some people driving expensive cars today, are not aware that they are driving their future and the future of their children. Some people carrying iPhone11 today, may not be aware that they are carrying their future.

When you are young, don't spend money. Invest it.

Every Penny in your hand is like a seed, you can decide to eat it, or sow it. When you sow it, it will bear much more seeds later in Future.

Before you decide on what to do with that little fund seek counsel.
Liberty Consult your financial Analyst. Not everything that looks like an asset is truly an assets.
Lets help you put the figures together and forecast the future of that business.
.

Balance everything in your life
18/01/2020

Balance everything in your life

Your controlis your power- Be wise
18/01/2020

Your controlis your power- Be wise

SUCCESS - Set your focus on it
18/01/2020

SUCCESS - Set your focus on it

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