Saturday, 12 March 2016

SMEs Need Business Budget to Succeed

As a business start up and small business consultant, I have noticed a great deal that one of the major reasons 80% of starts ups don't last the first two years is due to lack of proper business budget.
A budget is simply "an estimate of income and expenditure for a set period of time"
Who needs a budget? Every businesses need a budget annually.
The same way large corporations spend a lot to put their company budget together as to provide guidance, strategy and direction for the company, so also micro, small and medium scale businesses must also have business to run with.
Having a profit and loss account is not enough, that is an aftermath. 
The budget provides direction, focus, discipline, accountability, prudence and even propels the business for hard work.
With the budget, you already have tried to map out all that you would be venturing into and exactly what you want to achieve with a period, so you are not dissuaded by whatever wind that comes around.

Wednesday, 9 March 2016

Ambode says Housemaid, Gateman to pay Tax henceforth

 ...Reduces Cost of Replacing Electronic Tax Clearance Card (e-TCC)  ...Goes tough on Tax Evaders in Lagos State

574A0327
Executive Chairman, Lagos State Internal Revenue Service (LIRS), Mr. Olufolarin Ogunsanwo

As part of efforts to enhance the ease of doing business in Lagos State, the Lagos State Internal Revenue Service ((LIRS) has announced various initiatives aimed at achieving efficient tax administration in the State. The Executive Chairman of LIRS, Mr. Olufolarin Ogunsanwo made this known on Tuesday March 8 at a press conference held at Lagos Press centre, Alausa, Ikeja in the company of the House Committee Chairman on Finance, Lagos State House of Assembly, Honorable Oluyinka Ogundimu, Lagos State Commissioners for Finance, Mr. Mustapha Akinkunmi, Information and Strategy, Mr. Steve Ayorinde and the Attorney General of the State, Mr. Adeniji kazeem.
According to Ogunsanwo, the agency has consistently been at the vanguard of reform activities aimed at easing the process of doing business in Lagos State in particular and by extension Nigeria, thereby championing several initiatives aimed at supporting His Excellency, Governor Akinwunmi Ambode, in achieving his electoral promises to Lagosians.
WORLD BRIEFING ON LAGOS REVENUE 1
L-R: Chairman, House Committee on Finance, Lagos State House of Assembly, Hon. Oluyinka Ogundimu; Commissioner for Information and Strategy, Mr. Steve Ayorinde; Executive Chairman, Lagos State Internal Revenue Service (LIRS), Mr. Olufolarin Ogunsanwo and the Commissioner for Finance, Mr. Mustapha Akinkunmi, during a world press conference by the Management Board of Lagos State Internal Revenue Service (LIRS), in Lagos…..yesterday 08-03-2016
Among the initiatives is the introduction of a new two-page tax form to replace the old six-page form which is to be used for both direct and self assessments. He stated that the revised form and its guide notes would be translated to Pidgin English and Yoruba for ease of completion and wider reach"
In the same vein, the chairman noted that physical filing of Annual Returns is already being complemented with e-submission (on-line submission of Annual Returns) to ease compliance by Tax Payers.
Another initiative by the LIRS according to the chairman is th

DOING BUSINESS IN NIGERIA - TAX MATTER



As Nigeria undergo series of CHANGES and restructuring to ensure corruption is eradicated and good governance is enshrined, kindly note that the government is depending on TAX to augment the shortfall in crude oil prices.


While a number of difficulties may be experienced as event unfold, it would rather be an easy ride for businesses that are well prepared ahead before the TAX MEN hit the streets.

What is Tax?
Tax is defined as a compulsory Money paid to the government other than transaction-specific goods and services.

It can be said to be a burdensome demand.

This implies that everyone of us are liable and responsible on this assignment to pay our taxes to the government.

Wednesday, 2 March 2016

Startups: Apply to the MTN Enterprise Challenge powered by Jumia and win $25,000

Applications are now open for the MTN Entrepreneurship Challenge powered by Jumia.
The MTN Entrepreneurship Challenge powered by Jumia is a pan-African competition which will bring together over 1000 entrepreneurs, students and investors, to collaborate on ways to amplify and consolidate the continent’s entrepreneurs. The competition will see entries from more than 60 universities in 13 countries across Africa, who will develop a unique digital application or smart solution that will solve a tangible problem faced on the continent.
The winner of the MTN Entrepreneurship Challenge will win a cash prize of $25 000 towards their start-up, and have access to a Facebook Start Program valued at $15 000, which includes tools and services needed to build mobile applications. The winner will also enjoy a yearlong partnership with Jumia where they will have the opportunity to work from any of JUMIA’s offices across Africa. This will enable the winner to learn from, and be mentored by experienced and successful entrepreneurs in the JUMIA network. Two runners-up will each receive US $5 000 towards their projects.

Apply to African Entrepreneurship Award 2016 and win $1 million; business ideas also welcome

Do you have a business idea that will create jobs and improve lives in your region?
Well, the 2016 edition of the African Entrepreneurship Award is open for applications. This means you stand to benefit from personalized, online mentoring over the next few months by people in your region, across Africa and around the globe as they help you finetune your business idea.
You also have the chance of joining a new network that can lead to new customers and investors, and finally, if you emerge among the ten finalists, you get to share in the $1 million award.

Monday, 14 September 2015

BRANDING: RELEVANCE FOR THE MARKET PLACE

A piece presented by Sunday Obanubi at the Career Empowerment Summit tagged “Road to Legendary” held at CACYOF, Dublin City, Oluwo, Abeokuta on 13th September, 2015

Objective:
Audience is to understand the following;
- The meaning of a Brand
- Components of a brand
- Competition amongst brands
- Celebration that comes with being a great brand

What is a brand? 

A brand is a name, term, design, symbol or other feature that distinguishes one seller's product from those of others.

In accounting, a brand defined as an intangible asset is often the most valuable asset on a corporation's balance sheet.

A logo often represents a specific brand, as do many trade names.

In History
The word "brand" is derived from the Old Norse "brandr" meaning "to burn" - recalling the practice of producers burning their mark (or brand) onto their products.

Tuesday, 8 September 2015

3 Success Principles to Set and Achieve Your Goals

If you seek opportunity in life, you’ll end up with all of the security you need. However, if you only seek security, you’ll end up with neither opportunity nor security.

The proof is that this is all around us, in the downsizing and reconstructing of corporations, where thousands of men and women who sought security are finding themselves unemployed for long periods of time.

5 Ways To Stay Motivated As An Entrepreneur

Written by Adegoke Oyeniyi

As an entrepreneur, one makes goals that he/she would like to achieve in a certain period. It could be that you want to earn N500,000 a month of passive income in five years or that you would like to own land and build a mansion in a certain area in Nigeria, South Africa or Kenya.

Build your dream mansion!

Whatever your goal is, it requires certain steps and activities in order to be achieved. These goals that people make are the main reason why most become entrepreneurs. However, the journey of being an entrepreneur is not an easy one and sometimes one faces challenges that pull you down; financially and emotionally.

5 Marketing lessons to learn from Mission Impossible: Rogue Nation

 MI: Rogue nation is the 5th movie in the Tom Cruise series. It cost about $150 million to make and as of August 29 has grossed $445.6 million. Did I also mention that it opens in China on September 8? This ensures that this movies’ ROI train is still very much in motion.

Apart from its entertainment value, I also came across a few lessons that your marketing efforts could benefit from. Not to worry, I won’t reveal anything that will spoil the movie experience for you. This is spoiler free territory

An interesting and engaging story can refresh an aging brand -the original Mission: Impossible was a TV series created in the 1960s; it was then rebooted in the 90′s leveraging Tom Cruise’s star power. Almost 20 years later the franchise is still enjoying relevance in popular culture and turnover at the box office. In fact, the story in this particular one is so interesting that you forget to realize that a man of Tom Cruise’s age (53) shouldn’t be doing those kinds of stunts.

An example of how this applies to marketing is the case of Old Spice. The Old Spice brand was suffering in sales in the early 2000s because it was seen as an ancient relic that only people’s Grandfathers used, but thanks to the Man your man could smell like campaign(link found below), their products saw a new lease of life.

A good brand story needs a villain - in my opinion, this movie had a very intimidating villain who seemed to anticipate the heroes’ every move. What made the story “sweet” was that our protagonists had to dig deep to defeat the bad guy. If a brand can introduce this dynamic into their narrative, it makes the story even more engaging. In telling a brand story, the product/story needs to be positioned as the hero whiles the need/problem as the villain. This “good versus evil” conflict resolution is what makes for great storytelling. Every brand offers some service or product that fulfills some sort of need. Beats by Dre is empowering listeners to hear music the way the producer intended. Steve Jobs made good use of this in telling Apple’s story, case in point is the iconic Apple 1984 ad.

Position yourself so that other people tell your story – as implied in the lesson above, a hero is only as great as his adversary is. In this movie, the villain had created so much of a reputation that he hardly (if ever) spoke about himself. His actions and “minions” did his talking for him, instilling respect and fear within his ranks and in the minds of his enemies. For a brand to be successful, it needs to position itself in such a manner that the people in its ecosystem are talking about it. Great marketing should drive “talkability” among your users and non-users. A good example is the “I don port O” ad of 2013 (link at the bottom), whether you liked MTN or not you were definitely talking about them.

No great plan can be executed without a good team – As much as Tom Cruise was the hero of this movie, it was clearly established that he couldn’t have successfully executed the mission without the help of a good team. No matter how beautiful a vision or a plan is, it means nothing if the right hands are not there to bring it to life. From the creative agency to the suppliers, every marketing campaign is only as successful as the competent people who fit the pieces together.

Product placement should enhance the story – the opening credits for this movie should have been in this order: Tom Cruise, Jeremy Renner, BMW, and then everyone else! This film received a generous spread of vehicles from the german automobile maker (even the motorbikes were all BMW) but thankfully not at the detriment of the plot. When most companies do product placement they just look for a place to shoehorn their product; not considering that viewers don’t care about your product/service they care about the movie’s plots/characters. Another good example of product placement in my opinion was Lekki Gardens in 30 days in Atlanta while a not so great example was The return of Jenifa. Find a creative way to make your product a part of the plot.

MI: Rogue Nation is an entertaining movie and I recommend you go see it. If you live in Nigeria, you can check www.tripican.com to see it at Cinema near you.

Written by:
Bolaji Iwayemi Team Lead, Consumer Business Marketing at Pagatech Limited.

5 Mistakes Entrepreneurs Make That Affect Business Growth

Creating a seven-figure business might have been improbable 20 years ago, but as technology improves globally, there are more seven-figure earners than ever before. The total number of successful entrepreneur has increased exponentially over the last 10 years. With the technology, resources, mentorship, research, and information available it’s becoming easier than it has in the past.

Sadly, most still won’t reach the seven figure annual mark.

Tuesday, 11 August 2015

EVENT: World Humanitarian Day 2015


World Humanitarian Day is a day empowerment seminar for social entrepreneurs, NGOs, and civil society groups.

This year we shall be shining the spotlight on humanitarians in Nigeria and profiling Humanitarian Heroes – people from all walks of life, who are committed to making a difference.

Friday, 7 August 2015

This week's episode of ‪#‎TheBusinessShow on @iAspireRadio

Topic: #‎StopTradingStartBusiness‬

On this week's episode of ‪#‎TheBusinessShow‬, I discussed major reasons why many people are poor even when they claim to be entrepreneurs or business people.

Most people are traders and not business people.

On ‪#‎BusinessClinic‬ segment, I explained the difference between trading and doing business.

INTRODUCING: #TheBusinessShow on @iAspireRadio with @Sundayobanubi



A new program has been birthed on iAspire Radio. The show which is designed to help promote entrepreneurs and their businesses.

It shall be airing every Monday and Thursday between the hours of 5 to 7pm WAT on iAspireRadio, Nigeria's first motivational radio station.

VACANCY: KEY ACCOUNT MANAGER


Specialization: Sales & Marketing/Business Development

The Company
Our company is one of the leading media solutions providers in Africa, committed to creating growth opportunities for all stakeholders.

Job Summary
The jobholder will be responsible for driving the sales volume of the company, managing existing and potential clients, and key accounts.

Tuesday, 28 July 2015

Registration for Job Readiness Training II is Ongoing.. Follow link to register

Rhegos Job Readiness Training  is a program designed to help graduates and job seekers get their dream jobs and grow in the workplace.

Features:
*CV  Clinic
*Job Interviews
*Answering Interview Questions
*Maximizing your potentials in the workplace.
*Contacts of Top Recruitment Firms