Entrepreneurs Keep our Nation Strong

Imagine a world without entrepreneurs. You know where we’d be? Still stuck in the medieval era, that’s where! It was in fact the emergence of the merchant class that brought an end to that long-standing era where people were either masters or servants and there was no in-between. Challenges in the UK In modern Britain, we are seeing the most dramatic rise in poverty since the end of that dreadful era, and the widespread lack of money and opportunity has led to the greatest mass exploitation of the working class seen since the twilight of the Industrial Revolution.…

What to Consider When Setting Up Your Own Franchise

It is the dream of millions of business owners to one day turn their company into a global franchise, a name known in every country throughout the world. Evolving into a franchise is a great opportunity for any business to grow and there are countless examples of those which have become incredibly successful. photo credit: Duane Romanell / Flickr However, franchising doesn’t guarantee success for every business and there are many ways in which it can fall through. Consider all the following factors first if you’re thinking about starting up a franchise or turning an existing business into one.…

How to Plan for an Overseas Expansion

If your business is booming you may well consider overseas expansion. This can be a great way to break into new markets and to increase your turnover. However, it also comes with a level of risk and major expenses. Therefore, it’s worth doing some careful research ahead of time to ensure the move is successful. The first step is to assess the availability of viable office space and to weigh up the associated costs in-country to see if the idea is viable.…

Starting a Business – The Top Tips you’ll Need

Setting up, running, and maintaining a business is nerve-wracking, even for the toughest of people. We’ve compiled some of the best tips and advice on making your business dreams a reality. Stuck for where to start? You won’t be the first person! Every business has to start somewhere, after all. A key piece of advice is to research, research, research. Research everything from the marketing you’re thinking of entering, to any competition you may have, and beyond. Implement surveys and questionnaires to gain a good idea of your market, and receive feedback which will come in handy when tailoring your business to your target market.…

General Liability Insurance: What Exactly Does it Cover?

If you are a business owner or you are thinking about starting a business, you have probably heard about the need to purchase business insurance, and you have also likely heard of general liability insurance. But what does general liability business insurance cover, exactly? Keep reading to learn more so that you can make the right decisions to keep your company going strong while protecting it from disasters and lawsuits. First Off, What is General Liability Insurance? Before you begin shopping for general liability insurance for your business from companies like Bizinsure.com, it is important to understand exactly what you are buying.…

Saving Money on Small Business Courier Fees: 4 Tips

There are many costs associated with running a small business, but one that is sometimes overlooked is that of deliveries and couriering goods. While commerce and ecommerce companies should have a good handle on this expenditure, and even know of some ways to save money while ensuring high quality customer deliveries, there are some tips that can help the inexperienced, businesses that are expanding into item delivery, and other organisations. Even eBay sellers can benefit from some cost saving tips to help reduce packaging and delivery charges.…

Three Top Tips for Increasing Your Bank Balance

Entrepreneurs and businessmen are masters of making money, yet when it comes to keeping it, it can be another story entirely. Your monthly paycheck may be impressive, but ensuring that your bank balance reflects this can prove problematic. Many people like the finer things in life, but these inevitably eat into your earnings, until the colour of your account balance can look increasingly unhealthy. Luckily, there are ways to remedy this. There is an art to preserving and supplementing your earnings, but it’s one that almost all of us can master.…

Finding a Business Idea that is Sustainable

If you want to generate a business idea which will stand the test of time it needs careful consideration. It is easy to become passionate about a particular path, however unless you do some early research to ensure it is viable, you could end up a victim of the statistics which say that half of all businesses will go bust within the first five years. Generating Ideas The first step is to generate a range of small business ideas which you should then examine in more detail.…

How to Find Your Purpose for Blogging

I started this blog naijapreneur on my 26th birthday in July 2010. It was my birthday gift to the world, a principle I learnt from Seth Godin. In those early days, I went about the blogosphere leaving comments on a couple of blogs here and there. Before long, the favours started to return themselves back on my blog. I gained comments after another from fellow bloggers whose blog I had visited. That was my first experience with trading comments. photo credit: Christian Schnettelker From trading comments, I began to notice certain bloggers whose personality I liked and wanted to be friends with and hopefully, eventually collaborate with.…

Mistakes to Avoid When Starting a Business

The path that takes you from the first sparks of start-up inspiration to business success isn’t guaranteed to be a straightforward one. Setting up a new business can be hectic, and it can often be all too easy to look over or neglect important areas. To help you plan and avoid obvious mishaps, we’ve put together a list of some of the top mistakes new businesses make. Not identifying your potential target markets Whatever your business idea, considering whether the product or service you’ll be offering has a viable existing market is absolutely essential.…