Showing posts from February, 2019

Six Stages of Venture Development

Preparing to start a business typically occurs over a period of time, unless you are thrust into emergency mode by losing a job, or arriving as an immigrant in a country without a financial source of livelihood. Also, entrepreneurship is rarely a first occupation since people normally gain business experience and skills by working for others. Individuals usually pass through various stages of development in making a decision to open their own business. The venture development stages outlined below are presented in a logical sequence; however, the steps frequently overlap and do not always occur in the order presented. 1) Discomfort :  There is discomfort in one’s life due to a variety of causes such having a lousy job or no job at all, wanting to make a change in one’s occupation, desiring to live in a distant location, seeking more personal and political freedom, and/or migrating to another country. 2) Ideation : One begins dreaming and developing ideas for a better future fo

N5,000 Business Name Registration Cost Extended To March –FG

In the bid to make the business environment for entrepreneurs, the Federal Government has extended the window for registration of business names at the reduced cost of N5,000.00 by 90 days to end by March. The cost of registration of business names is N10,000. However, Moses Adagusu, the Deputy Director, Public Affairs, Corporate Affairs Commission (CAC), in a statement, noted that the move was part of efforts by the Federal Government to deepen the benefits of government’s reform initiatives and as well as support for the growth of the Micro, Small and Medium Enterprises (MSMEs). It would be recalled that the commission under its Business Incentive Strategy (BIS), had reduced the cost of business name registration from N10,000 to N5,000 for a period of three months , October 1,2018 to  December 31, 2018. According to Adagusu, the BIS is aimed at creating a window for MSMEs to formalise their businesses, which will enable them own corporate accounts with banks, have access to


If the farmer is rich, then so is the nation -           Richard Attias (one of Africa’s foremost business personalities) In recent years, Nigeria has identified agriculture as a viable alternative to oil, in terms of being a source of revenue for the country. In 2018, the agricultural sector’s allocation in the national budget received a 15-billion-naira increase, compared to its allocation in 2017. This speaks volumes of the opportunities available in agriculture. Nigeria is blessed to have many agro-products that can be exported to earn revenue for businesses; from rice to vegetables, to yams and even pepper. Our business has evolved in a way that ensures that we can handle the logistics of transporting and exporting of YOUR agro-products; whether it is within or outside Nigeria. We have cold-chain trucks designed to keep highly perishable goods in good condition as they are transported within the country. These trucks are highly secure and will enable us to del