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Latest News Dust haze, clouds to dominate weather condition today: NIMET NANS President’s efforts to reinstate 23 UNIPORT expelled students hit brick wall United Capital Plc, Societe Generale, Orange, others support African SMEs with €77m Fund Wike scolds Education Ministry over illegal levies passed to parents Another UNIOSUN student killed in Osogbo Lagos to increase GDP through entertainment — Ambode •Tasks artistes on structured framework to transform industry National Human Rights Commission writes UNAAB over whistleblowers Reps summon Service Chiefs over Southern Kaduna killings Nigeria to unify exchange rates: Osinbajo FG begins verification of pensioners in Nigeria and Diaspora Army dangles N500,000 reward for information on suicide bombers Nigerian warship heads for The Gambia

 

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Buying a Franchise: When you need to worry about location

Buying a Franchise: When you need to worry about location Let me start off by sharing my view on “location, location, location.” While it is true that securing a great franchise location can be critical to your success, it’s only one of many things that can contribute to your ultimate success as a franchise owner. Most of the people I work with me, who use...... more

Business School Netherlands partners Indomie on Youth Entrepreneurship Scheme

Business School Netherlands partners Indomie on Youth Entrepreneurship Scheme Business School Netherlands (BSN) has announced the imminent commencement of its Youth Entrepreneurship Scheme (YES) with a two-day training for the first batch of 1,000 young people and the backing of popular food brand Indomie. Youth Entrepreneurship Scheme is an empowerment and training programme for young people. BSN targets training of...... more

Franchise and Social Media: Choosing the Best Platform

Franchise and Social Media: Choosing the Best Platform The social media is a power new media tool to reach a greater number of clients and prospective customers and influence their image of your organisation and the products, and patronages. It’s a strong influencer and promoter of businesses and brands, so professional engagement of it will produce an optimum benefit...... more

Franchise: Entitlement as a silent killer of business

Franchise: Entitlement as a silent killer of business Entitlement is a stealthy and dangerous virus that has a widespread and abundant impact in your business. Often it becomes so rampant and normal that multi-unit franchisee owners do not even know there are any entitlement issues going on right in front of them. Let’s start with understanding entitlement. Simply, it is...... more

Franchise: The dos and don’ts of successful transactions

Franchise: The dos and don’ts of successful transactions Encountering a multitude of client types on both the buy and sell sides, there exist several uniform factors that make or break transactions. While the unique circumstances of each deal can vary significantly, a number of common threads can make or break a divestiture or acquisition, a sell or buying transactions....... more

FG investing heavily in social programmes to create jobs for youths, others — Minister

FG investing heavily in social programmes to create jobs for youths, others — Minister The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government’s massive investment in Social Programmes will help accelerate the process of job creation, especially for the youths. Speaking at the Special Edition of the FG’s Town Hall Meeting for Youths in Abuja on Tuesday, the Minister also...... more

STARTING A BUSINESS: Go for a franchise or a new venture?

STARTING A BUSINESS: Go for a franchise or a new venture? Starting a business goes along with a lot of challenges, especially on the level of structure, process and modelling, depending on your personality type you may want to start an already tested, proved and successful business models and processes, but with a defined methods, instructions and guidelines to follow, but this...... more

Cognitive Dissonance (Part 3): The triumph of ideas

Cognitive Dissonance (Part 3): The triumph of ideas One was born in Vienna, the other in New York. Both were firm believers in the power of ideas. For many years, both belonged to a small minority, a sect almost, that existed outside the cocoon of mainstream thought. Together, they tore apart that cocoon, upending the world in a way...... more

Cognitive Dissonance (Part 2): The Power of an Idea

Cognitive Dissonance (Part 2): The Power of an Idea “Keep building your castles in the sky,” a friend quipped a while back after I sent him a couple of my articles. I could understand where he was coming from. After all, what’s the point of crazy new ideas when politicians can’t even manage to balance a budget? That’s when I...... more

Applications open for Entrepreneurship Award 2017 for Africa-based entrepreneurs

Applications open for Entrepreneurship Award 2017 for Africa-based entrepreneurs The Africa Finance & Investment Forum (AFIF) has invited applications for Entrepreneurship Award 2017 for Africa-based entrepreneurs. A statement issued on November 21 in Brussels, Belgium, said that AFIF 2017’s focus is to promote access to finance and strengthen entrepreneurship in Africa. To achieve this, EMRC is launching the annual “AFIF...... more

Obiano announces N10m for major markets in Anambra

Obiano announces N10m for major markets in Anambra The Anambra state governor, Willie Obiano, has announced 10 Million Naira Choose your Project Initiative for the major markets in Anambra state. Governor Obiano declared this during a meeting with leaders and representatives of the Anambra State Market Amalgamated Traders Association, ASMATA, at Professor Dora Akunyili Women Development Center, Awka. The...... more

FG pledges to capture 50 per cent of Nigerians in social security net

FG pledges to capture 50 per cent of Nigerians in social security net The Minister of Labour and Employment, Sen. Chris Ngige, has said that the Federal Government will capture at least 50 per cent of the population in the social security net. A statement from the Deputy Director (Press) in the ministry, Mr Samuel Olowokere, in Abuja on Monday quoted Ngige as saying...... more

Cognitive Dissonance (Part 1)

Cognitive Dissonance (Part 1) In the late summer of 1954, a brilliant young psychologist was reading the newspaper when his eye fell on a strange headline on the back page: PROPHESY FROM PLANET CLARION CALL TO CITY: FLEE THAT FLOOD. IT’LL SWAMP US ON DEC 21, OUTER SPACE TELLS SUBURBANITE. His interest piqued, the psychologist,...... more

Diamond Bank partners EDC to boost Entrepreneurial Capacity in Nigeria

Diamond Bank partners EDC to boost Entrepreneurial Capacity in Nigeria As part of its commitment to building and supporting economic growth and development in the country, Diamond Bank, in partnership with Pan-Atlantic University’s Enterprise Development Centre (EDC), has rolled out series of activities to celebrate the immense contributions of entrepreneurs in driving economic growth and development in the country. The weeklong...... more

Einstein Forum launches search for Africa’s top scientific talent, invites applications from young scientists

Einstein Forum launches search for Africa’s top scientific talent, invites applications from young scientists The Next Einstein Forum (NEF) – Africa’s global forum for science in Africa – today launched its second call for applications for its NEF Fellows Programme. The new class will join 15 of Africa’s top young scientists, the NEF’s first Fellows Class, and will present their research and innovations at the...... more

How to do a Market Anaysis for a Business Plan (Part 2)

How to do a Market Anaysis for a Business Plan (Part 2) Last week we ended the series with the explanation of the bottom up approach, this week therefore we shall be explaining the top down approach. The top down approach consist in starting with a global number and reducing it pro-rata. In our case we would start with the value of UK...... more

Yobe, Sudan partner for establishment of medical school

Yobe, Sudan partner for establishment of medical school The Yobe State Governor Ibrahim Gaidam has sought for collaboration and effective partnership with Sudanese Al-Ahfad University, Khartoum, for the commencement of the School Of Medicine of the Yobe State University. The Governor made the call when he received visiting professors and council members of Al-Ahfad University, who called on him...... more

Niger State Govt. approves N445m for expansion of State House of Assembly

Niger State Govt. approves N445m for expansion of State House of Assembly Niger State Government has approved a contract for the expansion of the State House of Assembly at the total cost of 445.237 million Naira. The government says its expansion will aid effective and efficient service delivery of the members’ mandate to the people. The Commissioner for Works and Rural Development, Honourable...... more

How to do a Market Anaysis for a Business Plan (Part 1)

How to do a Market Anaysis for a Business Plan (Part 1) In continuation of the business writing series that have been running for some weeks now. This week we dwell on the market analysis aspect of a business plan and the effects to the entire document and the specific business therein. The key part of any business plan is the market analysis. This section...... more

Business writing for entrepreneurs (Part 4)

Business writing for entrepreneurs (Part 4) The data speaks for itself: Only 37% of brands received good or excellent customer experience index scores in 2012, whereas 64% of brands got a rating of “OK,” “poor,” or “very poor” from their customers.  As many as 89% of consumers began doing business with a competitor following a poor customer...... more

Tony Elumelu Foundation announces partnerships with African Development Bank, ECOWAS, Coca-Cola, Nigerian Ministry of Information

Tony Elumelu Foundation announces partnerships with African Development Bank, ECOWAS, Coca-Cola, Nigerian Ministry of Information At the largest annual gathering of African entrepreneurs, held over the weekend in Lagos, Nigeria, the Tony Elumelu Foundation (TEF) hosted almost 1,000 women and men from 54 African countries, for the 2nd TEF Entrepreneurship Forum. In his keynote speech, Foundation Chairman Tony O. Elumelu announced partnerships with regional institutions the...... more

Peter Obi, Ekeh to headline ESUT/Yudala Mega Entrepreneurship Summit

Peter Obi, Ekeh to headline ESUT/Yudala Mega Entrepreneurship Summit  Former Governor of Anambra State, Mr. Peter Obi, and Chairman, Zinox Group, Leo Stan Ekeh, have been confirmed as the headline speakers for a mega entrepreneurship summit scheduled for Michael Okpara Square, Independence Layout, Enugu, on Thursday, November 4, from 10am. Prof. Ositadinma Chinedu Nebo is Chairman of the occasion. The...... more

Tony Elumelu canvasses global support for rising African entrepreneurs

Tony Elumelu canvasses global support for rising African entrepreneurs Tony O. Elumelu, Chairman of UBA Plc and Founder of the Tony Elumelu Foundation, has called on the French business community, global stakeholders and influential Africans in the development world to embrace ‘structured philanthropy’ in support of rising entrepreneurs with great potential, as a means to achieving sustainable development in Africa....... more

Buhari launches ambitious campaign to end violence against children by 2030

Buhari launches ambitious campaign to end violence against children by 2030 President Muhammadu Buhari on Tuesday at the State House Conference Centre launched an ambitious campaign to End Violence Against Children by 2030. Millions of children suffer some form of physical, emotional or sexual violence every year in Nigeria. A survey carried out last year by the National Population Commission, with support...... more

Business writing for entrepreneurs (Part 3)

Business writing for entrepreneurs (Part 3) This week in our business writing tutorials, we would be explaining the item – your customers – the importance and role it plays in the whole gamut of business planning and strategy management.  Who are your customers? Who are your products or services meant for? Who are your targets? Where are...... more

CBN disburses N930m to young entrepreneurs

CBN disburses N930m to young entrepreneurs The Central Bank of Nigeria (CBN) has disbursed 930 million Naira, to 310 young people under the Youth Entrepreneurial Development Programme. The credit facility, which comes at a single digit interest rate is given to young people in productive activities, which will lead to the employment of 1 million other young...... more

Business writing for entrepreneurs (Part 2)

Business writing for entrepreneurs (Part 2) Continuing from where we stopped – the following are guides and principles to developing a workable business plan. It’s some hard work but it’s well worth it. It defines and guides the business to an assured destination, with attendant capacities of attracting funding, talents, technology and supplies.  Process Management: this explains who...... more

Shell JV funds businesses of young Ogoni entrepreneurs

Shell JV funds businesses of young Ogoni entrepreneurs The Shell Petroleum Development Company (SPDC) Joint Venture, in consolidation of its employment generation initiatives in Ogoniland, has trained another 60 youths in entrepreneurship skills, business planning, management and pitching. Fifty of the trainees who succeeded in the final assessment received start-up funds for their business ideas under the LiveWIRE Nigeria...... more

Lagos plans recruitment of 5,000 neighbourhood watchers to boost security

Lagos plans recruitment of 5,000 neighbourhood watchers to boost security Lagos State Governor, Mr. Akinwunmi Ambode, on Tuesday disclosed plans to recruit at least 5,000 Neighbourhood Watchers to boost security across the state, with new recruits expected to earn at least N25,000 monthly with other allowances. Governor Ambode disclosed this while speaking at the 3rd Quarter 2016 Town Hall Meeting, held...... more

Business writing for entrepreneurs

Business writing for entrepreneurs For those that would love to learn the rudiments of writing a good and comprehensive business plan; here are the steps BUSINESS PLAN – Executive Summary ▪Vision and Strategy ▪ Business Description ▪ Your Customers ▪ The Market Place ▪ Marketing and Sales ▪ The Team ▪ Operations and Infrastructure ▪...... more

 

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