#SME1000 Featured Post

COVID-19: Keystone Bank launches online platform to empower SMEs

Keystone Bank Limited has launched an online platform to empower Small and Medium Scale Enterprises (SMEs) with knowledge to manage and grow their businesses in the midst of the COVID-19 pandemic.

The lender in a statement disclosed that the programme tagged: “Keystone Bank Online MSME Academy” is aimed at helping SMEs cope with the operational stress of the current pandemic and will serve as an enabler for business owners to create an active online presence, digitalize their product, services and find new ways to connect with their customers.

“One way to identify an SME-centric bank is the length it is willing to go in finding new ways to help SMEs to survive and thrive in the current harsh business environment.

“Keystone Bank has demonstrated this passion during the Covid-19 crisis by initiating an online platform to empower SMEs with knowledge in managing and growing their businesses,” the bank said.

Participants at the first edition of the initiative held on the 24th of April, 20…

10 Business Ideas For Stay-At-Home Mums In Nigeria

The traditional stay at home mum is one who takes care of the children, does the house chores, puts the house in order and attends to every family need. If you by any means think this is an easy job you need to try it for a week and see how tasking it can be. The most dreaded statement for stay at home moms can be ‘so what do you do?’ While I am strongly of the opinion that being a stay at home mum is tedious enough I also know extra money never hurt anybody.
Most women tend to downplay the possibilities of still doing something financially profitable from home. I need you to first understand that a lot of people quit their jobs to establish businesses and have to work from home. Yes, your hands are full but I can assure you that one or two of the below-listed business ideas is worth trying out.
The big names in event planning in Nigeria such as Zapphire events and Elizabeth R did not always have an office. This is a business you can easily start by having the right co…

8 Business Growth Lessons We Can All Learn From Savings Apps In Nigeria

There are more than 13 savings and investment apps in Nigeria. These apps make it easy to save and invest money with higher interests than banks. In a recent article, Techpoint published a roundup of leading savings apps in Nigeria. After reading that article I decided to automate my savings. But, before making my final selection, I checked out the platform and studied their growth strategy.  After my analysis, I started using three of the apps. In this article, my goal is to share with you eight growth strategies used by some of the apps and how you can adapt those growth strategies to your business. Design Your Product To Solve Major Issues Facing Your Users.
Before you launch, your first goal is to find out the core problem users want you to solve with the product. In the case of these apps, the problem is helping people develop savings habit. As a result, the main product feature created helped users to automate monthly savings and discourage impulse withdrawals. Let Your Homepage Show …

Eyowo Launches Product To Boost SMEs Operations

Tech firm, Eyowo Integrated Payment Limited, has launched an initiative to ease retailers and business owners’ mode of operations in Nigeria. The series is reportedly aimed at creating an avenue where retailers and business owners can learn how to improve business performance using modern tools and strategies.

The initiative, which is tagged the Boost Your Business with Eyowo retail/business workshop series, is themed “Driving Business growth with data.”

According to the Chief Executive Officer of Eyowo, Tomi Amao, the workshop series was launched in line with the company’s vision of solving financial inclusion problems and making daily transactions seamless for businesses in Nigeria.

“The boost your business retail seminar is one of many steps we are taking to achieve our vision, which is to promote and drive financial inclusion throughout Africa. We believe this is very possible,” he said.

The workshop had Chief Customer Enterprise Architect of Oracle Ecemea [CTO], Olufemi Oyenuga …

3 Reasons Your Small Business Should Go Cashless

When was the last time you paid cash for something? Personally, it’s rare for me to even carry it these days. And with the rise of new mobile and digital payment options like Apple Pay, Samsung Pay, PayPal and Google Wallet, cash payments are only going to become less common. In fact, according to Worldpay’s 2018 Global Payment Report, the global use of mobile payments is forecasted to increase to 28 percent in 2022, surpassing credit cards and cash.

Given this trend, it could be time to consider eliminating cash payments from your business altogether. It might seem crazy to stop accepting cold, hard dollars, but there are actually a number of benefits. Check out these three reasons your small business should consider going cashless.

1. It Boosts Checkout Efficiency. 
Consumers today are busy and don’t want to spend time waiting in line to check out. That’s why companies like Starbucks have been promoting mobile order-and-pay apps that allow customers to pay ahead of time. In addition…

24 Time Management Strategies to Be More Efficient

Improve your time management and productivity with these tips.

Unless you’re Jim Halpert and enjoy spending most of your time pranking Dwight, most of us want to become more efficient at work. Not only is this beneficial for your career, but it can also help maintain a healthy work-life balance.

But how can you become more adept at work? Well, here are 25 time-management strategies that you should implement.

1. Stop Letting To-Do Lists Ruin Your Life.
To-do lists aren’t just useful. They’re essential to our success, since the brain can only focus on three or four things at a time. So, we need lists for any work-related tasks that we have to get to later.

But, creating too many lists can stress us out. Lists don’t take into account how long it takes to complete a task, and they don’t help us separate the important from the urgent.

Don’t scrap your to-do-lists. Instead, rethink your approach to your lists. A straightforward approach would be to use 5x3 inch index cards for your to-do lis…

8 Steps to Launching an E-Commerce Business This Week

If I told you that you could launch an e-commerce business this week, would you think I was crazy? 
Well, it’s true -- you can.
Thanks to the internet, there is essentially nothing stopping you from creating and launching a product in less than a week. I’m not just talking the talk -- I’ve walked the walk. My teeth-whitening brand was brainstormed while on vacation in Hawaii and I launched it within a week of returning home. 
If you want to do the same, follow these eight steps and you can have an online brand up and operational in a week.
(1) Identify A High-Potential Product. There are several things you need to consider when deciding what your product offering will be. You will want to find something that has a large global demand, high margins and can be easily warehoused and fulfilled.  Google Trends, eBay Top Products and Amazon Best Sellers are all great resources to help you identify hot products. For example, fidget spinners are currently the hottest products, with new website…