Skip to main content

Posts

HAVING ONE STREAM OF INCOME IS NOT ADVISABLE

Financial pressure is now common in our society today. A young man earning a good salary, he can pay his bills. He gets married and next a baby arrives, next school fees, next the second baby, and many more expenditures increasing. The young man suddenly realizes his pay can no longer sustain all his monthly expenditure, or that his monthly expenditure swallows up his monthly pay leaving him with little or nothing to save. So, before long he finds himself leaving from pay-check to pay check, his income remains static while his expenses keeps growing by the day. Financial pressure comes when expenses are continually growing in the face of a static income. And believe you me you dont want to face financial pressure, the experience is horrible. The solution to financial pressure is financial planning. While you are single, save aggressively and begin to find how to make the saved funds work for you. ACCORDING TO JIM ROHN, financial freedom comes when you leave-off the in
Recent posts

A WRONG INVESTMENT IN BUSINESS COULD BURY YOU ECONOMICALLY

Many persons have packed their things and gone back to the village because of wrong investments. Some have been badly emotionally and psychologically affected and even ruined.  The promise of huge financial returns and profits from a new business idea could make millions of butterflies run amock in your stomach. But the truth is that many pre-suppositions and expectations do not come exactly like that in reality. The challenges that come with implementing a new business idea is the wall that separates the successful and those who are not. 'Don't be in a haste to fork over your money into a deal that is still a long shot''. These are the very words of DONALD TRUMP in page 123 of his classic book-THE ART OF THE DEAL. Putting your life savings into a business simply because your neighbour, your bossom friend, your relative or even your twin said it is a good deal is dangerous. You must do your home work.  Enter into a business with reasonable restrain e

STARTING BIG IS GOOD, BUT....

I WANT TO START BIG BECAUSE I WANT TO MAKE IT BIG Every person want to start a business and immediately start bringing home millions. This is the dream of every business person. However the truth is that most people that start business in a big way usually do not sustain the success. Or let me be brutally frank with you, most persons that start business big do not succeed. Starting big is scary, and un-advisable, the consequences are scary. One thing is sure(When you start big you make big mistakes). The advantage of starting small is that when you make mistakes you make small mistakes. Start small and grow big, as you grow the business grows. Better to grow with the business beacause by that you can manage the business, you would have developed special skills in the business, you would have identified the tricks of the trade. As your business grows you can then easily put persons in charge. At that stage you know what you expect per time because you have grown in experience a

WHERE DOES GOOD IDEAS COME FROM

A GOOD BUSINESS IDEA COMES LIKE A GLOWING LIGHT BULB How can I get a good idea? Where can one get a good business idea. How can i know that a business idea will work. These are some of the questions many persons ask everyday. Truth is there are good business ideas everywhere, the thing is how to find them. 8 out of every 10 new business ideas in Nigeria fail. This is very scary for someone who want to go into business. Many persons dont even make any profit, some go back to square one because of a wrong business idea. So, the question i want to ask is, (how can one find a good business idea in Nigeria) There are many ways. I will give some here. 1.  A new market(product or service) that people are currently patronising Any new service or product in town that people are paying money to get is a good business to look into. This is because people are willing to pay money to buy the product. In Nigeria, there are many new businesses that after the stress of se