Thursday 10 September 2020

How to Apply for Government N75Bn MSME Survival Fund for Self Employed, Transporters, Artisans etc.

Proshare

The Federal Government of Nigeria is set to commence nationwide implementation of two MSMEs initiatives namely, the MSME Survival Fund with the Payroll support track as the first scheme to rollout (60 Billion Naira) and the Guaranteed Offtake Scheme (15 Billion Naira) to help cushion the impact of the COVID-19 pandemic with a view to boosting the economy by saving existing jobs and creating new job opportunities.

Features

– Payroll Support: Support 500,000 vulnerable MSMEs in meeting payroll obligations of

between N30,000 to N50,000 per employee over 3 months
– Formalisation Support: provide free CAC Business Name registration for 250,000 new businesses
– General Grant: Support the survival of 100,000 businesses most affected by the COVID-19 pandemic with N50,000 each
– Artisan/Transport Support: provide 333,000 artisans and transport business operators with a N30,000 operations grant to reduce the effects of income loss
– Guaranteed Offtake Scheme: Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood

MSME SURVIVAL FUND
The MSME Survival Fund is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard Jobs in the MSMEs sector. The scheme is estimated to save not less than 1.3million jobs across the country and specifically impact on over 35,000 individuals per state.

Wednesday 9 September 2020

 

It never ceases to amaze me how much time people waste searching endlessly for magic shortcuts to entrepreneurial success and fulfillment when the only real path is staring them right in the face: real entrepreneurs who start real businesses that employ real people who provide real products and services to real customers.

Yes, I know that’s hard. It's a lot of work. What can I say, that’s life. Besides, look on the bright side: You get to do what you want and you get to do it your way. There’s just one catch. You’ve got to start somewhere. Ideas and opportunities don’t just materialize out of thin air.

The only way I know to get started is by learning a marketable skill and getting to work. In my experience, that’s where the ideas, opportunities, partners, and finances always seem to come from. Sure, it also takes an enormous amount of hard work, but that just comes with the territory.

8 Great Entrepreneurial Success Stories

If you want to do entrepreneurship right, here are eight stories you’ve probably never heard about companies you’ve most definitely heard of.

The Pierre Omidyar way. In 1995, a computer programmer started auctioning off stuff on his personal website. AuctionWeb, as it was then known, was really just a personal project, but, when the amount of web traffic made it necessary to upgrade to a business Internet account, Omidyar had to start charging people fees. He actually hired his first employee to handle all the payment checks. The site is now known as eBay.  

Related: How to Be Smarter

The John Ferolito and Don Vultaggio way. Back in the 70s, a couple of Brooklyn friends started a beer distributor out of the back of an old VW bus. Two decades later, after seeing how well Snapple was doing they decided to try their hand at soft drinks and launched AriZona Green Tea. Today, AriZona teas are #1 in America and distributed worldwide. The friends still own the company.   

The Matt Maloney and Mike Evans way. When a couple of Chicago software developers working on lookup searches for Apartments.com got sick of calling restaurants in search of takeout food for dinner, the light bulb went off: Why isn’t there a one-stop shop for food delivery? That’s when the pair decided to start GrubHub, which went public last April and is now valued at more than $3 billion.   

Related: Success Does Not Follow a Time Clock

The Howard Schultz way. A trip to Milan gave a young marketer working for a Seattle coffee bean roaster an idea for upscale espresso cafes like they have all over Italy. His employer had no interest in owning coffee shops but agreed to finance Schultz’s endeavor. They even sold him their brand name, Starbucks.

The Phil Robertson way. There was a guy who so loved duck hunting that he chose that over playing pro football for the NFL. He invented a duck call, started a company called Duck Commander, eventually put his son Willy in charge, and that spawned a media and merchandising empire for a family of rednecks known as Duck Dynasty.  

The Konosuke Matsushita way. In Japan in 1917, a 23-year-old apprentice at the Osaka Electric Light Company with no formal education came up with an improved light socket. His boss wasn’t interested so young Matsushita started making samples in his basement. He later expanded with battery-powered bicycle lamps and other electronic products. Matsushita Electric, as it was known until 2008 when the company officially changed its name to Panasonic, is now worth $66 billion.

The Steve Wozniak and Steve Jobs way. While they had been friends since high school, the two college dropouts gained considerable exposure to the computer world while working on game software together on the night shift at Atari. The third Apple founder, Ron Wayne, was also an Atari alumnus.

As I always say, the world is full of infinite possibilities and countless opportunities, but your life and career are finite, meaning you have limited time to find what you’re searching for and make your mark on the world. This is your time. It’s limited so don’t waste it. Find something you like to do and just do it. That’s how real entrepreneurs always start.

Tuesday 8 September 2020

How to Start an e-Commerce Business in 8 Easy Steps

 How to Start an e-Commerce Business in 8 Easy Steps

Have you ever considered starting an e-commerce business in the Philippines? If yes, then you’ve come to the right post. Today we will give you a comprehensive 8-step check list that will help you build and launch a successful e-commerce business for when you have no idea how to start at all.

e-commerce business

Photo by homethods

Let’s begin.

  1. Find a Product to Sell

Obviously, you first step in launching an e-commerce business is choosing the products you will buy and sell online. So how do you find a good product to sell?

  • Start with your idea. Most of the time you already have a product or service you want to sell online. It can be anything that caught your attention and really interest you.
  • Research what people are looking and buying. Your family, friends, neighbors and workmates will be your first potential customers so it is best to know what interest them. Ask around if they will be happy to purchase if and then you’ll be selling something online.
  • Find the trends in the online e-commerce industry. Go to local and international e-commerce business portal and find out what are selling best in the public. Following these major online websites will expose you to more product ideas. Get familiar with product listing and competitive pricing.

Monday 31 August 2020

5 Reasons why you need to start affiliate marketing in Nigeria

In Nigeria today, affiliate marketing is an amazing way to earn money through internet marketing, because affiliate programs, especially high paying affiliate programs will reward you with a certain sum for every successful sign up you bring their way.

Apart from having a very low startup cost, affiliate marketing can be a very lucrative online business opportunity for Nigerians who have a significant online presence.

Here are more reasons why you should stop everything else you are currently doing online and consider best affiliate marketing tips and techniques from our digital marketing course to help you make the most out of affiliate marketing and become richer than you currently are.

Click here to begin…

You should do affiliate marketing because:

1. Affiliate Marketing Programs have Low Startup Cost

low-startup-cost

Other startups require huge startup cost. In fact, with a startup, you can spend 1 year raising a large capital investment from investors before your business can function.

 

Top Affiliate Marketing Programs in Nigeria With High Commission

Friday 28 August 2020

SME Loan

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Big businesses require big loans. The LAPO Microfinance Bank “SME Loan” is a credit product designed specifically to support Small and Medium Scale Enterprises (SMEs) operators in Nigeria. Irrespective of the sector your enterprise is operating, LAPO MfB is willing to support you with a credit facility up to N5,000,000 to expand the enterprise.

At an affordable interest rate, Nigerian SMEs can now maximize their potentials with the SME Loan for the expansion of their businesses.

For more information about the SME Loan, kindly contact us on: 08139840230, 09053955992, 09056539824, 08150894171 or 09053955965

Top 12 Websites That Gives Quick Loans Without Collateral In Nigeria


loans without collateral

*** Before you proceed, please note that Invoice NG is not a loan service provider. Hence, all requests for loans and related services will be ignored.

A loan is a financial instrument that helps both businesses and individuals to meet financial obligations. However, most lenders often require a form of collateral to serve as security before they give-out the loan to ensure its repayments.

Not every individual in Nigeria has what they can tender as collateral to access a loan. This is why loans without collateral are very important. Fortunately today, business owners and individuals can apply for quick online loans without putting up their assets as collateral.

Lack of capital is one of the major problems of doing business in Nigeria. With the new quick and easy online funding options, lenders evaluate creditworthiness and ability to pay back within a stipulated time frame and may approve an amount of loan based on that assessment.

In this post, we talked about the top 10 websites in Nigeria that offer quick loans to small businesses and individuals without collateral in Nigeria.

1. GROFIN

grofin website

GroFin provides Small and Medium Enterprise (SME) finance/business loans across Africa & the Middle East. If you have investible numbers and you looking to expand your business, then GroFin is your best short.

With GroFin, businesses can access business loans between US$100,000 and US$1.5 million. If you think your business ticks the required checklist, then you can submit your online application here.

COVID 19: Wema Bank introduces collateral-free SME loans to support businesses by Temitayo Ayetoto Aug 2, 2020

Wema Bank, one of the leading innovative banks in Nigeria, has continued in its responsibility to support fight against the ongoing global health crisis.


Wema Bank, one of the leading innovative banks in Nigeria, has continued in its responsibility to support fight against the ongoing global health crisis.

In another dimension, the bank has made available SME loan products that are collateral-free to support businesses. Businesses in need of working capital finance can get up to N10 million without collateral to meet their short-term business needs. This facility is available for business owners who are in segments such as trade/general commerce, schools, pharmacies, hospitals, clinics and diagnostic centres.

Saturday 7 July 2018

Why Entrepreneurs Start Companies Rather Than Join Them

If you asked me why I gravitated to startups rather than work in a large company I would have answered at various times:
“I want to be my own boss.”
“I love risk.”
“I want flexible work hours.”
“I want to work on tough problems that matter.”
“I have a vision and want to see it through.”
“I saw a better opportunity and grabbed it. …”
It never crossed my mind that I gravitated to startups because I thought more of my abilities than the value a large company would put on them. At least not consciously. But that’s the conclusion of a provocative research paper, Asymmetric Information and Entrepreneurship, that explains a new theory of why some people choose to be entrepreneurs. The authors’ conclusion —
Entrepreneurs think they are better than their resumes show and realize they can make more money by going it alone. And in most cases, they are right.

Saturday 16 June 2018

Startups Awards 2018: Entries now open!

The 15th annual awards is back and bigger than ever with judges including Alex Chesterman and Justine Roberts MBE. Do you have what it takes?

Startups Awards 2018: Entries now open!
The search is on to find the UK’s best small businesses as the Startups Awards launches entries for its 15th year.
Giving you the chance to receive industry validation, endorsement and widespread publicity, the Startups Awards celebrates the UK’s most exceptional and innovative small businesses that have been trading for up to four years.
The longest-running awards of its kind, the Startups Awards has a history of identifying high-potential companies – some of which have gone on to become household names.
Personalised gift company Notonthehighstreet.com, online furniture retailer Made.com, healthy childrens’ food company Ella’s Kitchen, and AIM-listed property agent PurpleBricks are just some of the past winners.

Enter the Startups Awards 2018 here

In 2017, renewable energy supplier Bulb was crowned The Start Up Loans Start-up of the yearand shaving subscription provider Cornerstone scooped the coveted People’s Champion award (voted for by fellow businesses and the public) for a record third year in a row.
The Start Up Loans Company – the government-backed scheme providing low-interest loans for small businesses – has returned as headline sponsor for 2018.

Is my business eligible for the Startups Awards?

The Startups Awards are open to privately-owned UK-based businesses that must have started to trade no earlier than 1 August 2014 and no later than 31 July 2017.
Our esteemed panel of judges will assess entrants on the criteria including:
  • A great concept
  • Revenue growth
  • Profitability
  • Major client wins

Who are the Startups Awards 2018 judges?

Once again, we’ve assembled a panel of expert judges from the world of UK business including renowned entrepreneurs and investors – some are even past Startups Awards winners.
Their experience and success in business make them the perfect candidates to judge the potential of the thousands of promising entrants we receive every year.
The entrepreneurs, investors, and high-profile business leaders who will be judging your business include:
  • Griselda Togobo, founder of Forward Ladies
  • Alex Chesterman OBE, founder of Zoopla Property Group
  • Joanna Hill, managing director of The Start Up Loans Company
  • Charles Tuke, director of Home House and UK CFO for Fairford Holdings Ltd
  • Titus Sharpe, co-founder and president of MVF
  • Sahar Hashemi OBE, best-selling author and founder of Coffee Republic and Skinny Candy
  • Giles Brook, CEO of Vita Coco EMEA
  • Nick Wheeler, founder and chairman of Charles Tyrwhitt Shirts
  • Jon Wright, Co-founder, innocent drinks, JamJar Investments and the Wright Family Foundation
  • Justine Roberts MBE, founder and CEO of Mumsnet
  • Julien Callède, co-founder of Made.com
Find out more about the Startups Awards judges here.

Sony Xperia XZ2 review

Sony’s most impressive phone of 2018 - but is it right for your small business?


Sony Xperia XZ2


Startups rating ★★★★
The Xperia XZ2 is Sony’s premier smartphone, and their most popular model for small business owners and freelancers.

pros thumbs up PROS – Speedy processor, powerful camera, all-day battery

cons thumbs down CONS – May be large for some, no traditional headphone jack

The Xperia XZ2 has an impressive 5.7-inch Full HD+ HDR display, a battery that lasts all day, and a top-notch Motion Eye camera – plus a price tag that’s a little friendlier than some of its top rivals.

Now, onto what you came here for:



how much

Price

Decent price for these specs
★★★★
Typical price: £699
Or if you’re just after top value for money from a leading mobile network, we’ve tracked down the best Sony Xperia XZ2 deals for our readers here:
virgin mobile logoo2 logoee logo minivodafone logocarphone warehouse logo
£8 /mth£38 /mth£48 /mth£53 /mth£0 /mth
£679 upfront£10 upfront£19.99 upfront£29 upfront£699 SIM free
choosechoosechoosechoosechoose
Bestseller at
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warehouse.com
Online only at
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View at
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what

What’s it like to use?

It’s fast, and we like phones that last – but it’s not quite an iPhone
★★★★

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Featured post

How to Apply for Government N75Bn MSME Survival Fund for Self Employed, Transporters, Artisans etc.

The Federal Government of Nigeria is set to commence nationwide implementation of two MSMEs initiatives namely, the MSME Survival Fund with ...