First published on LinkedIn. Nigerian rising interest rates worry many borrowers. Here are 5 reasons Bank of Industry (BOI) loans remain the best. Nigerian interest rates are going up and Nigeria’s central bank has aggressively raised its monetary policy rate (MPR) to 22.75% to control inflation. This represents 400 basis points (4%) from…
Starting on a new business venture is an exciting process, but it requires careful planning to navigate the risks and challenges successfully. One important aspect is preparing a business plan – the roadmap that outlines your goals, strategies, and the way to profitability. As an entrepreneur, you face the decision: Do you prepare the business…
Are you dreaming of launching a successful business? The journey from ideation to sustainable success requires more than just a great idea—it demands a diverse skill set. Here is a breakdown of the essential skills every entrepreneur should cultivate to navigate the challenging yet rewarding world of business drawing inspiration from some successful entrepreneurs who…
Starting a business is a dream for many entrepreneurs, but the road to success is filled with challenges. According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. According to the U.S. Bureau of Labor Statistics (BLS), approximately 20% of new businesses fail during the first two years,…
Welcome to the world of startup funding, where venture capital firms and angel investors play significant roles in shaping the future of innovative companies. While both venture capital firms and angel investors provide crucial funding to startups, it’s important to understand the key differences between the two and why it matters for entrepreneurs like you….
Business Model Canvas – One image Business Plan – Unlimited Pages What is a Business Model? A business model is a framework that outlines how a company plans to generate revenue and make a profit. It outlines the core components of a business, such as its products or services, target market, revenue streams, cost structure,…
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