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ITF to train 100 youths on sewing, management consultancy

ITF to train 100 youths on sewing, management consultancy Mr Joseph Ari, the Director-General, Industrial Training Fund (ITF) says 100 youths will be trained in sewing, garment making and management consultancy. Ari said this in Abuja at the opening of the first batch of the “20 Train the Trainees’’ workshop. He said the fund was emulating the Brazilian model which...... more

6 mistakes every entrepreneur should avoid

6 mistakes every entrepreneur should avoid Becoming a successful entrepreneur in a business terrain such as Nigeria is a venture fraught with peculiar challenges. Considering the many little details that naturally go into setting up a business and nurturing it to a path of profitability and sustainability, many entrepreneurs can be forgiven for getting lost along the...... more

Synergising Freedom, Prosperity, Big Government (2)

Synergising Freedom, Prosperity, Big Government (2) Let us continue the discourse from where we stopped last week. The second problem with SoG is that its GEI sub-component has a strong negative correlation with the other three sub-components: government consumption, transfers, and tax rates. Also, if we look at the relationships of the SoG sub-components with independent variables –  such as...... more

Synergising Freedom, Prosperity and Big Government (1)

Synergising Freedom, Prosperity and Big Government (1) Countries with larger government sectors tend to have more personal freedom, so says economists, (libertarian economists included) from the Cato Institute. You know economists love to measure things, so the Human Freedom Index (HFI) from the Cato Institute is a case in point here. Its authors have assembled dozens of indicators of...... more

Bayelsa targets 7,000 temporary jobs from $50m World Bank development loan

Bayelsa targets 7,000 temporary jobs from $50m World Bank development loan The Bayelsa State Government on Wednesday said it planned to create at least 7,000 temporary jobs from the implementation of projects funded from the $50 million development facility from the World Bank. The loan stock is part of the World Bank’s intervention with $200 million in four states in the Niger...... more

10,000 youths, others to benefit from empowerment scheme

10,000 youths, others to benefit from empowerment scheme Ten thousands youths in schools and vulnerable communities will benefit from the Power Forward programme organised by ExxonMobil, the National Basketball Association (NBA) and the international NGO Africare. Power Forward community intervention include malaria prevention where the youth distributed 2,129 bed nets along with personal hygiene products to men, women and...... more

Fidelity Bank empowers 400 students with entrepreneurial skills

Fidelity Bank empowers 400 students with entrepreneurial skills As part of deliberate efforts to reduce youth unemployment levels in Nigeria, Fidelity Bank Plc, one of the country’s top finance institutions, in partnership with Gazelle Academy and Federal Polytechnic, Oko Venture has just concluded an entrepreneurship training programme for 400 students in Anambra State. Organised under the Fidelity Youth Empowerment...... more

How human resource management benefits small businesses

How human resource management benefits small businesses Employees are a critical component of any business. Successfully managing the human resource aspect of business can be important, even for very small businesses. After all, in a service economy, employees are part of the delivery of the product and service. Their performance, commitment and loyalty to the job are critical...... more

Bayelsa rice farmers to engage 485 unemployed youths

Bayelsa rice farmers to engage 485 unemployed youths The Bayelsa chapter of the Rice Farmers Association of Nigeria (RIFAN) says it will engage 485 youths in the state for the 2017 rice planting season. Mr Ezekiel Ogbianko, the State Chairman of the association, said an interview in Yenagoa on Sunday, that the youths would be selected from the communities...... more

BRANDING MISTAKES your small business could be making

BRANDING MISTAKES your small business could be making When you think about great branding, Coca Cola’s distinctive red and white lettering, Nike’s swoosh and Adidas’s three stripes likely come to mind.  But as a small business, imagining the level of investment that’s gone into these iconic images can make the thought of undertaking your own branding initiative seem overwhelming....... more

How to build a successful small business brand

How to build a successful small business brand A brand is the sum-total of the experiences your customers and potential customers have with your company. A strong brand communicates what your company does, how it does it and, at the same time, establishes trust and credibility. Your brand lives in everyday interactions with your customers, the images you share,...... more

How to write a winning branding proposal (2)

How to write a winning branding proposal (2) Of course, you could tailor this section to your needs, but the point is to educate your prospect a little. Let them know that branding comes down to creating a perceived identity for their culture. Let them know that you understand that they are looking for certain types of customers, and...... more

How to write a winning branding proposal (1)

How to write a winning branding proposal (1) So, there you are, getting ready to hit the send button on your proposal. You are almost certain that that your potential client is going to take one look at your proposal and intuitively know that you understand how your branding project will place them on track to become the gold...... more

Do funders care more about your team, your idea, or your passion?

Do funders care more about your team, your idea, or your passion? A new study asked hundreds of Venture Capital to rank the factors that drive their investment decisions. A founding team’s abilities and experience are often more important to VCs than the product itself. In the always complicated courtship between entrepreneurs and venture capitalists, professor Ilya A. Strebulaev may have uncovered the closest thing...... more

What businesses can learn from protests and advocacy

What businesses can learn from protests and advocacy A strong sense of conviction can both encourage and discourage people from speaking out. “If you want to shape people’s behavior, you have to understand how they view the world,” says Professor S. Christian Wheeler. Expressing an opinion these days feels less like a right than an obligation. In addition to...... more

Biggest fears of an entrepreneur and why they shouldn’t stop you from actualising your dream

Biggest fears of an entrepreneur and why they shouldn’t stop you from actualising your dream Setting out as an entrepreneur and making a success out of it is not a task for the faint-hearted. This reality is more pronounced in a peculiar business terrain such as Nigeria. Indeed, most entrepreneurs have the mind-set of an orphan as the pains of failure is borne all alone. This...... more

How technology disruption is good for the economy

How technology disruption is good for the economy An analysis of 85 years’ worth of patents shows that technological innovation boosts total wealth. The “creative disruption” sparked by innovation is even greater than previously thought. Ever since the economist Joseph Schumpeter immortalised the phrase “creative destruction,” most economists have argued that technology innovation creates both winners and losers —...... more

Learning the art of predictions as a tool for business (Part 2)

Learning the art of predictions as a tool for business (Part 2) Possibly the best book I read in 2016. Couldn't have read at a better time as the year nears an end. I could relate with a lot of things as I work as an equity, business and economy analyst trying to do the seemingly impossible thing of forecasting stock prices, the...... more

Learning the art of predictions as tool for business (Part 1)

Learning the art of predictions as tool for business (Part 1) For those of you looking to get a jump on this year, doing a little homework and deeper thinking — apart from just keeping up with the weekly news and white paper flow — may be just the ticket you need. As such, I am taking a break from my regular...... more

What great leaders do in the face of adversity, stress, tragedy

What great leaders do in the face of adversity, stress, tragedy In the face of growing adversity and great economic challenge, entrepreneurs and other leaders need to develop new set of thinking and the thick skin needed to pull through these perilous times, in order to optimise their efficiency and productivity. Here are some of the guidelines on what to focus on:...... more

NGOs as a catalyst for entrepreneurial development and better living conditions •The UNEOIF example

NGOs as a catalyst for entrepreneurial development and better living conditions •The UNEOIF example With a mission to help the less privileged of Okpu-Isingwu and beyond, we believe a little drop of water in the community can grow mighty seeds, funding, supporting, encouraging and empowering our community to be stronger and better, thus set out a community interest organisation, a nongovernmental organisation in the Okpu-Isingwu...... more

Globalisation: scapegoat or scourge?

Globalisation: scapegoat or scourge? Not a day goes by now without a discussion taking place on the pros and cons of globalisation – and lately most of the conversation has centered on the negatives. This has been especially pronounced in the aftermath of the US election and Brexit. And with populist movements on the rise elsewhere...... more

If capitalism can’t bind people, what will? (Part 2)

If capitalism can’t bind people, what will? (Part 2) A near-forgotten document, the Charter of the Forest, also bears mention here. Signed two years after the Magna Carta and later incorporated into it, this charter recognised the traditional rights of commoners to use royal lands and forests. Thus commoners formally enjoyed the rights of pannage (pasture for their pigs), estover...... more

If capitalism can’t bind people, what will? (Part 1)n

If capitalism can’t bind people, what will? (Part 1)n One of the most insidious things about enclosures is how they eradicate the culture of the commons and our memory of it. The old ways of doing things; the social practices that once bound a people together; the cultural traditions that anchored people to a landscape; the ethical norms that provided...... more

Brass Fertiliser and Petrochemical Company to create 20,000 jobs

Brass Fertiliser and Petrochemical Company to create 20,000 jobs Brass Fertiliser & Petrochemical Company Limited (BFPCL) says its $6 billion methanol plant has the capacity to create 20,000 jobs in the host community. The Brass Fertiliser plant is located in Brass Island, Bayelsa State. In a statement, the vice chairman of the company, Mr Ben Okoye, said the project would...... more

Buying a Franchise: When you need to worry about location

Buying a Franchise: When you need to worry about location Let me start off by sharing my view on “location, location, location.” While it is true that securing a great franchise location can be critical to your success, it’s only one of many things that can contribute to your ultimate success as a franchise owner. Most of the people I work with me, who use...... more

Business School Netherlands partners Indomie on Youth Entrepreneurship Scheme

Business School Netherlands partners Indomie on Youth Entrepreneurship Scheme Business School Netherlands (BSN) has announced the imminent commencement of its Youth Entrepreneurship Scheme (YES) with a two-day training for the first batch of 1,000 young people and the backing of popular food brand Indomie. Youth Entrepreneurship Scheme is an empowerment and training programme for young people. BSN targets training of...... more

Franchise and Social Media: Choosing the Best Platform

Franchise and Social Media: Choosing the Best Platform The social media is a power new media tool to reach a greater number of clients and prospective customers and influence their image of your organisation and the products, and patronages. It’s a strong influencer and promoter of businesses and brands, so professional engagement of it will produce an optimum benefit...... more

Franchise: Entitlement as a silent killer of business

Franchise: Entitlement as a silent killer of business Entitlement is a stealthy and dangerous virus that has a widespread and abundant impact in your business. Often it becomes so rampant and normal that multi-unit franchisee owners do not even know there are any entitlement issues going on right in front of them. Let’s start with understanding entitlement. Simply, it is...... more

Franchise: The dos and don’ts of successful transactions

Franchise: The dos and don’ts of successful transactions Encountering a multitude of client types on both the buy and sell sides, there exist several uniform factors that make or break transactions. While the unique circumstances of each deal can vary significantly, a number of common threads can make or break a divestiture or acquisition, a sell or buying transactions....... more

 

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