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Small Businesses you can start with 100k or less in Nigeria.
With 100,000 or less, anyone in any part of Nigeria can begin a business. Thanks to improvements in logistics and delivery, tech and social media, most businesses don’t require a physical location to begin. Whether you’ve been looking to start a business of your own, or you’re a 9-5 worker who would like to have…
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3 quick and easy tips to improve customer retention for small businesses
65% of a business’s revenue comes from existing customers. Businesses that aren’t actively trying to ensure that their customers keep coming back are losing out on extra revenue. In this blog post, we’ll be sharing a few tips and tricks to drive customer retention for your business. What is customer retention? Customer retention is simply…
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Dealing with Indecisive Customers
A seems better than B😩 But it’s cheaper 🤔 Does this mean B may be a better substitute 🥲? As a business owner, you’ve most likely dealt with an indecisive customer (s). Dealing with an indecisive customer can be very frustrating, but once you’ve learnt how to handle a conversation with them, it becomes easier.…
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How to know when your business needs financing to grow
Have you ever heard of the term “Business life cycle”? In simple terms, a business life cycle is defined as the stages or phases that a business goes through. There are mainly four stages in a business life cycle: launch, growth, maturity, and decline. The transition from the launch phase to the growth phase would…
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Five ways to avoid falling into a debt trap
To ensure that your business stays afloat, situations that would require that you take up a loan might arise. These loans could either be long-term or short-term. As you take advantage of the numerous credit offerings available to you, it is vital that you are aware of the dangers associated with excessive borrowing and having…
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Taxation 101: What every business owner should know about taxes
As a small business owner in Nigeria, conversations about taxation usually come off as rocket science. This can be attributed to the lack of enough information concerning the forms of taxes that small and medium scale businesses owners should be aware of. In this article, we will walk you through the basics of taxation, how…
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Pricing Strategies For Small Businesses
Pricing for small businesses can be a bit tricky. From deciding what prices to peg your products at, to a strategy that will earn you adequate returns, how can your small business navigate pricing? In this post, you’ll find everything you need to know about pricing as a small business. Product pricing is one of…
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Secured vs Unsecured business loans: What you should know
As a small business owner, when the need to apply for a business loan arises, you must be aware of the types of business loans available to you. There are two categories of business loans, namely, secured and unsecured business loans. This article will discuss the pros and cons of these types of loans and…
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Business Loan or Credit Line: Which does your business really need?
“What form of credit facility should I opt for?” is a question that plagues the minds of small business owners who are currently low on cash and are looking to raise funds from credit providers, be it traditional institutions like commercial banks or digital lenders like Pennee. In this article, we will be highlighting these…
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Setting Clear And Achievable Goals for Your Business This Year
Goal setting is one of the most important activities that you can do for your business to grow regardless of how old your business is, how profitable it is, the products you sell, and also where it is located. In both personal affairs and business affairs, it’s been validated that setting clear and applicable goals…