In the next five years 70% of the businesses currently operating will have folded up. They would be replaced by a fresh crop of businesses. The same thing would happen again in the next five years. It is like an endless circle. Businesses do not just fail; there are certain factors that bring about their […]
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IDENTIFICATION AND EVALUATION OF OPPORTUNITY This does not come easy. For many people this is the most difficult part of business creation. This is the birth of the business idea. A business idea can be created when an individual considers a society need and think about a way he can be the solution to that […]
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Personal development is a lifelong journey that aims at making you a better version of yourself. Regardless of how fulfilled, contented, healthy, or wealthy you are, there is always room for improvement. If you find yourself lacking in one area or another of your life, then you need to develop certain skills and knowledge that […]
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To start a profitable business, one does not need to re-invent the wheels, have a very great idea or have plenty of capital to start a business. All you need is to find a solution to a problem, find the people that need your solution (market size), and be strategic about how you promote and […]
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Whether you are in the process of securing more funding for your business or you are just trying to build an effective business, a solid business plan is one the best weapons you can have in your arsenal. Several businesses have failed just because the owners failed to come up with a business plan to […]
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Most people think branding is more important to big businesses than it is to small businesses, and that is really far from the truth. Because most consumer prefer to support smaller businesses, big brands are now trying to look like small businesses in order to appeal to these consumers. Although small business owners have begin […]
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