According to the Bureau of Labor Statistics, 50 percent of all small businesses fail within the first five years. About 30 percent survive only two years. If you want to be on the positive side of those numbers, there’s a lot of hard work ahead. While every business is different, there are a few major …
Have you made your mind to start your own business? If you think it’s going to be easy, think again: Entrepreneurship is a journey that requires a lot of time, effort and hard work, and perhaps unsurprisingly, many people end up failing. But if your company survives, the rewards of entrepreneurship are well worth the …
Starting a business can be quite easy and fulfilling. However, it can bequite complicated, and may challenge you in ways you had not imagined. Knowing the challenges and problems you may encounter in your start-up can help you to prepare for the unexpected, and possibly help avoid common pitfalls. Financial issues So many businesses did …
Common Business start up problems and their solution Read More »
In today’s cut-throat business world, entrepreneurs find themselves spending hours upon hours submitting business proposals to potential clients, and not get any results. On the other hand, there are those that are like snipers, able to get the contract after just submitting one business proposal. Having a good business proposal is essential if you want …
Definition: A sale letter is a piece of direct mail which is designed by an advertiser to persuade a potential client to purchase a particular product or service in the absence of a salesman. Writing great sales letters is one of the most important skills you can learn if you’re going to be successful with …
Legal issues involves dealing with setting up the business entity, business name and trademark registrations, labor and employment issues, intellectual property and vendor contracts among others. It is advisable to run your plans along with an experienced lawyer that can handle the unique startup requirement of your business. It is paramount to set up …
LEGAL FORMALITIES FOR A BUSINESS START UP IN NIGERIA Read More »