3 important tips you need to run a profitable business in Nigeria

3 important tips you need to run a profitable business in Nigeria

click photo for more information
3 important tips you need to run a profitable business in Nigeria
Are you thinking about starting a business, read this before you venture into that business on your mind. Starting and managing a business successfully is not what everybody is skilled at. Many of us will have to learn the tricks from successful entrepreneurs. You might have heard people saying it is not easy to start […]
19
15

20 businesses you can start with 20k according to Lagos entrepreneur

Are you thinking about starting a business, read this before you venture into that business on your mind.

Starting and managing a business successfully is not what everybody is skilled at. Many of us will have to learn the tricks from successful entrepreneurs.

You might have heard people saying it is not easy to start any business in Nigeria, yes nothing comes easy.  But applying some tips to your startup could help you run a successful business.

If your startup isn't doing well, it might be due to some factors you refuse to consider before venturing into the business.

As shared by Philip Obin, the CEO of  Potech Limited, here are some useful tips you'll need to run a profitable business and make money in Nigeria.

1. Understand the business first

 

Don't jump into a business because your friends are doing it. It is important you understand the nature of the business first, ask questions, ask more questions to get the gist and everything you need to know about the business. Don't ever start a business if you have no idea about how it works.

 

2. Market and advertise your business

Nobody will know where you are or what you do if you have a startup and you refuse to market or advertise it. Market and advertise your business, let people know more about the business.

3. Learn from fellow entrepreneurs

 

While asking questions about a business before you jumped on it, you would surely have met some entrepreneurs who have gone through the stage you are in entrepreneurship. Ask questions and learn from their mistakes. Consult honest entrepreneurs, they will definitely tell you what you should do and the best practices you should follow in your business.

Ex-council chairman co-accused of N11bn fraud says he was forced to write statement

click photo for more information
Ex-council chairman co-accused of N11bn fraud says he was forced to write statement
The official is being tried alongside a former governor for alleged N11 billion fraud. The post Ex-council chairman co-accused of N11bn fraud says he was forced to write statement appeared first on Premium Times Nigeria. Related
11
2

First Look! Ebuka Obi-Uchendu, Dakore Egbuson-Akande, Cee-C, Dorcas Shola Fapson at #OneAfricaMusicFest Dubai!

click photo for more information
First Look! Ebuka Obi-Uchendu, Dakore Egbuson-Akande, Cee-C, Dorcas Shola Fapson at #OneAfricaMusicFest Dubai!
The highly anticipated One Africa Music Festival which is said to be one of the biggest and most exciting festivals is currently happening in Dubai See first photos of Ebuka Obi-Uchendu, Dakore Egbuson-Akande, Cee C, Dorcas Shola Fapson and a whole lot more of your favourite celebrities at the music festival below. Ebuka Obi-Uchendu Cee […]
0
5

Defection Tsunami Hits Cross River APC, As Ita Giwa, BoT Member, Ex-Envoy, Others Join PDP

click photo for more information
Defection Tsunami Hits Cross River APC, As Ita Giwa, BoT Member, Ex-Envoy, Others Join PDP
  Ben Ayade and Ita-Giwa (middle) The All Progressives Congress (APC) Thursday, at the Municipal Council grounds in Calabar, suffered a serious political tsunami as a former senator and two-time Special Adviser to two Nigeria presidents, Princess Florence Ita- Giwa, returned to the Peoples Democratic Party (PDP). Others who also washed their hands off the […]
13
2

Succour for Local Government Workers

click photo for more information
Succour for Local Government Workers
The hope of every worker is that at the end of the month, he would get his salary for the work done. But in some rare and pain laden situation, workers are owed months and getting the salary was no longer guaranteed. The situation assumed a crisis dimension in the country that the federal government […]
0
7

Why suicide needn’t be an option

click photo for more information
Why suicide needn’t be an option
SUICIDE has a nasty ring to it. It is also chilling. For a human being to sit down, think his life over and decide that it is not worth living, takes a lot of courage. Yet, it takes a lot more courage and guts to stay and find out if at the end of the […]
0
8

Dinnage steps in as Premier League CEO

click photo for more information
Dinnage steps in as Premier League CEO
The English Premier League hired broadcasting executive Susanna Dinnage as chief executive on Tuesday, making her the most powerful female executive in global sports. Continue reading Dinnage steps in as Premier League CEO at Vanguard News Nigeria. Related
1
9

Nigerian Breweries charges Eagles to beat South Africa

click photo for more information
Nigerian Breweries charges Eagles to beat South Africa
Nigerian Breweries Plc has urged the Super Eagles to extract their pound of flesh from the Bafana Bafana of South Africa when the two sides meet today in a 2019 Africa Cup of Nations match day five game at the FNB stadium in Johannesburg, South Africa. Continue reading Nigerian Breweries charges Eagles to beat South […]
0
6

[Video] D’Banj – “Something for Something” ft. Cassper Nyovest

click photo for more information
[Video] D’Banj – “Something for Something” ft. Cassper Nyovest
D’Banj releases the official music video for his latest single with Cassper Nyovest titled “Something For Something“. The DB Record Boss shows no sign of relenting with his music as he also serves his fans with the video to his newest banger. D’Banj and South Africa rapper, Cassper Nyovest both deliver magic on this dope […]
8
2

Mr Naskid – “Kilode” (Prod By Popito)

click photo for more information
Mr Naskid – “Kilode” (Prod By Popito)
Emmanuel obidike known by his stage name Mr Naskid Is an Afro pop artiste from the east Known by his talent and hard working. He has put on a good quality work this year titled “answer” which was handsomely accepted by the street, He went ahead to close the year by putting his experience into […]
0
7

Amy Schumer is in the hospital due to hyperemesis gravidarum—but what is that?

click photo for more information
Amy Schumer is in the hospital due to hyperemesis gravidarum—but what is that?
The only not-so-wonderful thing? She's been super-sick throughout her pregnancy-and now, she's been hospitalized because of it. Amy Schumer announced that she's pregnant with her first child with husband Chris Fischer back in October, which is obviously wonderful news. The only not-so-wonderful thing? She's been super-sick throughout her pregnancy-and now, she's been hospitalized because of it. […]
4
3

‘I tried using the squatty potty for a week—here’s what happened’

click photo for more information
‘I tried using the squatty potty for a week—here’s what happened’
Basically, when it comes to poops, nobody does them better than me. Or at least, that’s what I thought before discovering the Squatty Potty on Reddit (while I was on the toilet, no less). I visit the porcelain throne three to four times per day. That’s right, I poop after my morning cup of joe, my daily yoga flow, my […]
0
8

7 hibiscus tea health benefits you should know about

click photo for more information
7 hibiscus tea health benefits you should know about
Okay, it's not exactly new-hibiscus tea has been sipped around the world for years. But the herbal tea only more recently became a darling in the Western wellness world. Sure, you know that tea is good for you, especially green and black, but there’s a new tea in town-hibiscus. Okay, it's not exactly new-hibiscus tea has been […]
0
8
load more posts