Author: HyNaija Business Desk

I told someone that blogging was a good way to let people know what you do. His response was ‘Abeg, that thing is too tiring. It is a lot of work’ I knew what he was referring to. I immediately told him ‘No, it is not. You can decide to blog once a week, once a month, twice in one week. It is totally up to you’. That’s what I call blogging for thought leaders. Thought leaders are busy people trying to make a mark in the world so they may not have all the time to sit behind a…

Business lesson by Chinonso Ogbogu on optimizing your costs. Dear Entrepreneurs, One of your primary jobs is to constantly look for innovative ways to grow revenue and cut down costs. Talking about costs… There are subtle ways your business incurs increasing costs that you may not know of. One of such ways is failing to incorporate basic profiling into your sales prospecting or onboarding framework. Profiling helps filter prospects to know where each one falls in your customer buying process. The key to profiling is for you (and your team) to clearly understand the power of questioning. It’s an art…

Years ago, I will go to major business conferences and return with thousands of complimentary cards that end up useless after a few months (Lifespan of these relationships are for the first 7 days, when you know what to do, but that’s a different topic). As I grow older and also realize that I’m becoming a lot more introverted in public, I have become more strategic about how I connect and with who. So here’s one lesson and recent experience: What I’ve learned from conferences is that real value from networking mostly lie where no one is looking. At an…

The Basics of Investing in Property for a High Return On Investment (ROI) – This discussion applies just as much as to buying (and selling) a home as it does to more general property investment in the true sense of the word… ie investing in property as an investment strategy outside of the investment in a home. The most important point in my view is to realize that an estate agent is not the ideal person to advise on property investing since the agent is geared to making a once off sale under the best terms possible in order to…

The joy of investments and investing can be great, only if you have an interest on stock market, exchange rates and property. Now that you know the thrill and excitement that investing in the stock market can bring to your life you’ll want to know some of the reasons why people start investment clubs. ALSO READ: Introduction to Investments and Investing (Update) These reasons include: Combined investment knowledge. When you work with a group of people who have a similar interest in the stock market you’ll be able to have a huge amount of combined knowledge working in your favour.…

If you have a budget – you know exactly how much money is coming in and how much is going out – which helps you deal with unexpected expenses much easier… It’s one thing creating a budget – but it’s even harder sticking to that budget. ALSO READ: How to Save Money – Top 20 Tips for Saving Money Here are some tips for staying on budget. Always focus on savings! Have an amount direct-deposited into a saving account. This will make a big difference to you later on! Draw enough cash to last a week!  And don’t spend more…

Introduction to Investments and Investing (Update) – Investment means many thing to many people. Warren Buffet has a decidedly different view on what an investment is compared to what you and I might think. However the only true difference is the scale since both Warren Buffet and ourselves have the same basic objective which is to take what money we have (or what we can borrow in terms of property investments for example… a mortgage) and to make it grow. Not only must the successful investor make money grow but the rate of investment growth must at least outstrip inflation.…

Let me tell you a quick story. If you understand this one story, you will never be broke again. I’m serious. A Nigerian man tried to move to Europe through the Sahara desert. And the sun was so hot sweat RAN down his body like he a bucket of water was emptied on him. The ground was dry, and very hot. So hot he could feel the heat through his worn out sandals. And to make matters worse, his water jar was empty, He was as thirsty as hell. His mouth was dry, he kept swallowing his spit but the…

Here’s 3 Tips on How to Become a Successful Freelancer – Freelancing job has its own pros and cons. Everybody has its own reasons of becoming freelancer. If you would ask me why I choose freelancing as my career option? My answer would be that I love my freedom. I just hate a routine 9 to 5 job. Well this article is not about why you should be a freelancer, it is about what you need to be a successful freelancer. I thought about it so much and finally I came to the following points which helps me becoming a…

Here is my answer to if capital the most important when planning to start a business? To me capital is very important when setting out to start a business, but its not the most important. As far as starting any business is concerned Strong Desire comes first, I said strong desire because for anybody to ever be an entrepreneur he/she must have the strong desire to be one. You must yearn to be a business owner just as a child yearns for the mother’s breast milk. I remember when I was yearning to start making money back in 2003, I…