How to Get Loan From Bank of Industry for Small Business

Procedure for securing loan from the Bank of Industry As a small business owner, I understand that you may be facing some challenges in raising funds for the expansion of your small business. Growing a small business organically can be very challenging. But the good news is that the Bank of Industry is out to assist small businesses with funds that they might need to grow their businesses. Unfortunately, small businesses still find it difficult to access the funds. It is not that the Bank of Industry is not willing to release the funds. The problem is that most small Continue ReadingHow to Get Loan From Bank of Industry for Small Business

Crazy Idea That Made One Student A Millionaire

The idea that will make you a millionaire may look crazy to others. I mentioned in my previous article all giant companies started with idea. If you are aware of this, you will not allow any idea that comes to your mind to pass unprocessed. Because you don’t know the idea that will turn out to be a gold mine, you need to guard every idea that comes to your mind jealously. I want to share with you this idea that made a million dollar for a student. Possibly you have heard about The Million Dollar Homepage. This was the idea Continue ReadingCrazy Idea That Made One Student A Millionaire

Financial Management in Small Business

Financial Management skill is one of the skills every entrepreneur must learn how to develop. Raising capital is one thing; ability to manage it is a different issue. Financial management requires discipline and skills. No matter the size of any business, lack of financial management skill will lead to the failure of such business. Some are still yet to recover from the aftermath of the collapse of some banks in Nigeria. One might be wondering why banks with a network of several branches, great buildings and large customer base could collapse. The fall of some of these banks was traceable to poor financial Continue ReadingFinancial Management in Small Business

Inspirational Startup Quotes

Compilation of top Startup Quotes. These underlisted startup quotes atre to guide and inspire our budding entrepreneurs. You will also know some bitter truth about running a startup. Running a startup is not a bed of roses. No 1. “A ‘startup’ is a company that is confused about – 1. What its product is. 2. Who its customers are. 3. How to make money.” – Dave McClure. No 2. “A successful product is never done or perfect.” – Geoff Teehan, No 3. “Being realistic is the most common path to mediocrity.” – Will Smith No 4. “Don’t limit yourself.” – Mary Kay Ash No Continue ReadingInspirational Startup Quotes

Developing Your Skills As An Entrepreneur

If you want to become an entrepreneur, you’ve got to develop your skills. It has been said that passion is not enough. Passion can never be a substitute for training as an entrepreneur. Whatever you do, you need to be fully equipped so that you will be able to deliver excellent results. In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later, said Harold Geneen.  You might invest in advertisement to attract customer, you may not be able to retain them if you are not good at what Continue ReadingDeveloping Your Skills As An Entrepreneur