Porter’s Five Model: An Analytical tool for Small Business

In a challenging or difficult business environment or market, Michael Porter’s 5 model is a popular marketing tool that helps business owners and managers to remain competitive. The Porter’s 5 Model Porter’s 5 Model is a framework for analyzing a business competitive environment. It looks at the attractiveness and potential profitability of a business industry

AfCFTA on MSMEs

There is an high level of unfamiliarity with the AfCFTA’s existence. MSMEs will not be able to prepare effectively, let alone take full advantage of, AfCFTA without prior awareness. There is therefore need to pay attention to both digital and non-digital dissemination strategies to ensure full reach of Nigerian businesses irrespective of their technological participation

Reducing the average days required to start a business in Nigeria from 7 to 2 days

Entrepreneurs in Africa continue to face significant barriers to entry when starting a business. Burdensome and costly regulation can prevent entrepreneurs from entering the formal economy, negatively impacting all sectors.⠀⠀It’s therefore worthwhile to state that there is a clear evidence that streamlining regulatory procedures can encourage #business entry, business growth, job creation and rising citizens’ incomes. ⠀⠀The

Property Rights for Innovative Entrepreneurship

The foundation of a well-defined, respected, and enforced property rights is necessary for the market process to coordinate positive-sum exchange. Property rights are any body of laws created by a country’s government to define how individuals can own, benefit from and alienate property. Where there is no individual ownership of property, there will be an

Porter’s Five Model: An Analytical tool for Small Business

In a challenging or difficult business environment or market, Michael Porter’s 5 model is a popular marketing tool that helps business owners and managers to remain competitive. The Porter’s 5 ModelPorter’s 5 Model is a framework for analyzing a business competitive environment. It looks at the attractiveness and potential profitability of a business industry sector.

How to develop a marketing plan for a new product/business

Everyone knows the importance of a business plan, but many entrepreneurs don’t understand that marketing plan is also vital. In contrast to a business plan, marketing plan focuses on acquiring and retaining customers. It is a strategic plan that includes facts, numbers and objectives. A marketing plan is an action plan.The steps includes: Carrying out

#ENDSAR PROTEST: BETWEEN RIGHTS AND INTERESTS

“if man is not to resort to rebellion, man’s right is to be respected”. – United Nation declaration of Human Right #EndSars movement is a protest that triggers a spontaneous agitation for an end to police brutality and abuse. This was embarked on by a ‘leaderless’ collective of young Nigerians within and outside the country.

6 Tips to Funding your Start-up Business

Finance has been a major issue for most people that have ideas but today, I would highlight various ways you can fund your start up business in Nigeria. 1. Friends and Family: Obtaining fund from friends and family is the most common and old way to start a business. Friends and family most times are