Pros and Cons of Street Hawking

Street hawking is now illegal in Lagos. Street hawking is no longer a new thing in major cities across Nigeria. If you have ever been to Lagos, you must have noticed a number of young men and women selling wares by the road sides, major bus stops and places that are usually characterized with heavy traffic. It is not disputable that street hawking provides a means of livelihood for large number of youngsters who are unemployed. However, the legality of this street hawking has been a point of argument for quite some times now. I believe that every country and Continue ReadingPros and Cons of Street Hawking

Facts to Know About Entrepreneurship

Entrepreneurship definition in perspectives. The term entrepreneurship seems to be misunderstood by many people. Some people think that entrepreneurship is limited to inventing new things or starting a business with huge amount of capital. Here in Nigeria, if you mention entrepreneurship, certain famous entrepreneurs like Alhaji Dangote, Femi Otedola, Jim Ovia, Stella Okoli and Oba Otudeko quickly come into your mind. Also in india, famous entrepreneurs like Sridhar Vembu of Zoho Corporation, Azim Premji of Wipro, Bhargav Sri Prakash of FriendsLearn, Dhirubhai Ambani of Reliance Industries and Lakshmi Mittal of ArcelorMitta can be described as faces of entrepreneurship. People can easily Continue ReadingFacts to Know About Entrepreneurship

Cost Advantage of Sole Proprietorship

Advantages of Sole Proprietorship over Limited Liability Companies. When it comes to the issue of legal structure of a business, sole proprietorship seems to be the most popular. This may be due to its simplicity in formation. Just of recent, I had somebody discussing with me about his intention to start his own new business. He had a business idea and he is convinced that the idea is feasible. Truly, when I looked into his projections coupled with the results of the market research he carried out about this business idea, I was also convinced that the business idea would Continue ReadingCost Advantage of Sole Proprietorship

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 Hobby into Home-Based Business

Your hobby is your number one home based business Idea. Home based business has proved to be a good means of earning income. However, some people still have a misconception about home based business. They wrongly believe that home based business is meant for stay at home moms and/or dads. The truth is that, most of these stay-at-home moms and dads were once corporate employees until they discovered themselves. Many of them have different stories to tell on how they started their home based business. The reasons why some people start their own home-based business include the following: Unemployment. There Continue ReadingHow to Turn Your Hobby into Home-Based Business