Business Tips

Explore our Business Tips category for valuable insights and practical advice to elevate your business. Discover a wide range of topics, including strategies for growth, effective leadership, marketing tips, productivity hacks, and financial management. Our transformative posts provide actionable tips to help you navigate challenges and achieve success in the dynamic world of business. Unlock the potential of your business with our informative and empowering Business Tips posts.

Running A Business: Here’s How Technology Can Be Of Help

For many small business owners, trying to keep up with the demands of running a business is an overwhelming task. Technology has been making life easier for entrepreneurs for quite some time, but there are still ways technology can be used to make your business operations less stressful. Check out this article to see if […]

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Running A Business: Here's How Technology Can Be Of Help

How Good Cash Management Can Help You Achieve Small Business Goals

IFC recently reported that there are 37 million SMEs in Nigeria, all of which can benefit from money management. SME finance tips can work wonders, whether a business is micro, small, or medium-sized, so discovering a few trusted cash management tips may be the key to staying in business and growing a company. Generally, cash

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The Pros and Cons of Ball Screws

There are many different types of screws, from 316 Stainless Steel Machine Screws made for machinery to specialist ball screws made for aircraft and robotics. Ball screws are mechanical devices that change rotational motion into linear motion. This reduces friction and improves agility. Because of their long threaded shafts, ball screws can handle a great

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Pros and cons of ball screws

Improving Business Profitability By Reducing Supply Chain Costs

Between 2015 and 2021, Nigerian businesses paid foreign shipping lines an estimated N28.8 trillion (US$60 billion) in freight. The sharp increase in shipping charges last year contributed to this figure, and it massively impacted many small businesses’ profitability. In an environment with strong competition and economic uncertainty, this is a major knock. It’s also highlighted how reducing supply

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Tony Elumelu Entrepreneurship Programme TEF2021 Mentorship Programme

Yesterday, I was opportune to attend the 2022 TEF Mentors’ Onboarding Session, and it was really insightful and refreshing. This session was an opportunity for me to learn more about what will be expected of me as a TEF mentor, what I should expect, and how to navigate the mentoring platform. It was also an

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Tef2021 Mentorship Programme

How can Blockchain Benefit IoT (Internet of Things)?

The blockchain is an open, distributed ledger. It allows the tracking of digital currency transactions without the need for central recordkeeping or external validation. The blockchain is primarily used in cryptos like bitcoin and Ethereum. However, it also has the potential to be used in other industries as well such as IoT. Since it can

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Blockchain and IoT

5 Clear-Cut Benefits of Working With Managed IT Services

Managed services are becoming more popular among small- to large-sized businesses. Before we explain the benefits of managed IT services, let’s look at a few statistics that show why they’re important. ·         Downtime can cost a business over $5000 per minute ·         More than a third of companies’ IT budgets have increased since the pandemic

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Managed it services

How to write a winning business plan in 2024 – A Guide

Businesses, whether they are small or large, must have a business plan, Consider it as a house architecture design You cannot build a house without its architecture, map, or design. Similarly, businesses cannot be established without a business plan, which guides you through the whole business from its start to maintenance and how you should

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Business Plan Guide

6 Tips for Minimizing Business Interruptions of Any Kind

Business interruptions can cause a lot of harm to a company’s reputation and its ability to remain financially solvent. While there’s no way to completely eliminate the potential for interruptions, business owners can take steps to minimize them. Read on to find six tips to get business owners who want to minimize the impact of

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How to Cope with a Personal Emergency as a Business Owner

Has this ever happened to you? Your business is chugging along perfectly, and then your personal life blows up? Maybe you’re suddenly caring for an ill family member, or you’re the one to wind up in the hospital. Perhaps a natural disaster causes significant damage to your home, and you have to coordinate its repairs.

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