Characteristics of Entrepreneurs

List of Charateristics of Successful Entrenepreneurs. There has always been an arguments about whether entrepreneurs are born or made. Whatever side you belong, there are certain things that are common to entrepreneurs. That is, there are some characteristics which are peculiar to entrepreneurs. These shall be discussed below. If you don’t possess any of these characteristics now, I like to tell you that it can be developed. Though some of these are not taught at school, you can make them as part of your personal development programme. If you can commit yourself to developing these attributes, at the end of Continue ReadingCharacteristics of Entrepreneurs

How to Choose A Business Name

Tips on How to Choose a Business Name. Your business name is what gives your business an identity. When a child is born, his parents will give him names so that he can have his own identity. The parents will not allow people to call the child names that are useless or that are not having good meanings. In fact, particularly in Africa countries, each name has its own significance. A Child can be named based on circumstances that surround the birth of the child. A child can be given a name that speaks about what the parents expect the child to manifest Continue ReadingHow to Choose A Business Name

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 Start Bottled Water Business in Nigeria

Regulatory Requirements for Starting Bottled Water Business in Nigeria If you desire to start a bottled water business in Nigeria, it is essential that you follow the required procedure as spelt out by the regulatory authority (NAFDAC). Without NAFDAC approval, it does not matter how much you have invested, you will not be able to manufacture, advertise, sell or distribute bottled water in Nigeria unless it has been registered in accordance with the provisions of the law and the accompanying guidelines. Before your bottled water business can be approved, you need to meet the following requirement as spelt out by Continue ReadingHow to Start Bottled Water Business in Nigeria

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