The Power of One Customer

Don’t under-estimate the power of one customer. When you start a business, the next thing you expect is for customers to start patronising you. Whatever the type of business you do, whether online or brick and mortar, whether you sell products or you offer services; you need customers. Of course, no one will ever be satisfied having just one customer. You need more than one customer to build a healthy and sustainable business. However, in your quest to get many customers, you should not overlook the power of one customer. It does not matter how large your customer base it, Continue ReadingThe Power of One Customer

See Why Business is Like a Seed

Every aspect of business can be likened to a seed. You must have heard about the law of seed time and harvest. You can equally call it law of sowing and reaping. By extension, you can say it is about giving and receiving. That is what business is all about. Every aspect of business is governed by this principle. In this article, I will show you how this law operates in business. But before I continue, let me explain to you what seed time and harvest is all about. For those that have an experience about farming, this may not Continue ReadingSee Why Business is Like a Seed

How to turn your customers into marketers

You can convert your customers into marketers if you know what to do How to get customers is the main challenge for most of the new small businesses. So, if you are facing this challenge, you are not alone. The essence of this website is not just to suggest business ideas to you without providing a guide on how you can run the business when you have eventually started. Perhaps you are contemplating about how to get customers to start and continue to patronize you, this article will give you a relief. There was a time I sat down thinking Continue ReadingHow to turn your customers into marketers

Implications of Hiring a Staff in Small Business

Hiring a staff has some implications on your small business. Hiring a staff is more than just having somebody working for or with you. I have mentioned that most of your business decisions have their own implications. Knowing the implications that are involved will help you to have a rethink of whether you are set to hiring a staff or not. Financial Implication It is assumed that your decision to hire a staff is as a result of growth in your business. But the level of growth should be able to justify the additional hand you are bringing in. By Continue ReadingImplications of Hiring a Staff in Small Business

Personal Income Tax and PAYE Calculation

How To Calculate PAYE Under Personal Income Tax Act. As a business owner, you must understand a bit about Personal Income Tax Act and how it affects your business. When you hire a staff, it is your responsibility to collect a tax form from the State Internal Revenue Service on behalf of the staff. The completed tax form will be returned to the Tax Office. It is your responsibility to withhold tax from your employee’s salary based on Pay As You Earn (PAYE) system under the Personal Income Tax Act and remit the same to the Tax office every month.  Continue ReadingPersonal Income Tax and PAYE Calculation