How to Choose Business Location for Your Business

There are some factors you need to consider before you choose your business location. Whatever the type or scale of your business, you need a business location where you can operate in order to service your customers. Choosing the right location is very crucial to the success of any business. The same way a right business location can propel your business for growth; a wrong business location can also crumble your business. A reputable man in this country usually says that your location determines your allocation. What a truth! You need a right location for your business to grow. There Continue ReadingHow to Choose Business Location for Your Business

How to Write a Good Business Plan

A good business plan will help you communicate your ideas to investors and lenders. Now that you have decided to start your own business, I will say congratulations to you! But I like to mention at this early stage that passion alone is not a guarantee for success in business. It is statistically gathered that many businesses could not survive their first five years. And the common denominator for the business failure is the lack of adequate planning. Hear what Chris Corrigan said about planning: You can’t overestimate the need to plan and prepare. In most of the mistakes I’ve Continue ReadingHow to Write a Good Business Plan

22 Reasons for Small Business failure and How to Avoid Them

Business failure is a common phelomenon but it can be avoided. Business failure rate within the first 18 months is put at 80% by Bloomberg. All small business owners usually start their businesses with excitement and great expectation to succeed. Along the line, you discover that most of these small businesses usually fail within five years of existence. The rate of small business failure can be reduced if only our small business owners can pay attention to the factors responsible for the businesses failure. The reasons for small business failure are discussed below. No business plan People plan for so many Continue Reading22 Reasons for Small Business failure and How to Avoid Them

Need for Quality Control in Small Business

Good quality control and assurance will promote the image of small business. I woke up on this fateful day which happened to be our wedding anniversary. After having our morning prayers thanking God for all He has done in our lives as individuals and as a family; for protection, provision, sustenance and His mercies that are new every money; my wife told me a story that left me thinking for the remaining part of the day. In the previous day, she told me in the morning that she would be taking our baby who was nine months old to the hospital for Continue ReadingNeed for Quality Control in Small Business