The Covid-19 Pandemic brought a lot of unexpected disruptions to the processes and operations of businesses in various industries. The resultant effect of the pandemic, the lockdown, and the lifestyle change has accelerated the development of some trends and changes in the way businesses are conducted. From the Manufacturing and…
Do you have a business idea?Do you already run a business?Are you looking to raise capital? Here are seven grants and loan programmes you should explore in 2021. 1. Lagos State Employment Trust Fund (LSETF) MSME Loan Programme Status: Open — Apply at apply.lsetf.ng The LSETF provides affordable loans to…
2018 signified a heightened investment in Financial Technology Start-Ups (FinTechs) in Nigeria and Africa. In that year, about $114 million was raised by technology companies in Nigeria, with 75% of this going to FinTech companies. Between 2014 and 2019, Nigeria’s fintech scene raised more than $600 million in funding, representing…
While the Christmas season is a time of giving, it also presents an opportunity for entrepreneurs to earn money by offering products and services in high demand.
Authors: W. Chan KIM AND Renee MAUBORGNE How do I stand out from competitors? How do I stimulate demand in an overcrowded industry? How do I capture maximum value for my business? How do I create a valuable and profitable niche in the market? Over the years, business leaders have…
In recent years, ride-hailing companies have gained prominence with their unique business model. Uber, Bolt, and others operate digital aggregator applications that connect passengers needing rides with nearby drivers willing to serve them. This on-demand transportation service seamlessly links demand with supply. The year is 2014.Africa still prides itself on…
When businesses consider increasing profitability, they often focus on ways to enhance their revenue or reduce costs. When strategizing factors that impact success, they examine areas such as product innovation, cost innovation, excellent marketing, great branding, effective advertising, and strong customer retention plans, among others. However, they miss out on…
