Business

As a natural language processing model developed by OpenAI, ChatGPT is a powerful tool that can be leveraged to make money in different ways. The tool allows its users to give instructions and have a human-like conversation while getting responses. ChatGPT crossed a million users only after its first five days according to Sam Altman, CEO of OpenAI. There are plenty of opportunities to monetize your skills and expertise with this powerful platform in NIgeria. As a business owner looking…

To make money from an e-commerce business with little capital is a tough but achievable task. There’s no better time to venture into e-commerce, as more Nigerians are starting to buy online.  At the end of last year, Nigeria reportedly had nearly 84 million internet users, which is expected to grow to 117 million in 2027. Internet penetration in Nigeria amounted to over 38 percent and is expected to reach 48 percent in 2027. With the right strategy, you can…

Nigeria is the most populous country in Africa with its economy heavily dependent on international trade. Nigeria relies on a handful of key trading partners who play a crucial role in shaping the country’s economic growth and development. The West African country is a major player in international trade whose major imports include machineries, electronics, automobiles, and so on. In 2023, we can expect Nigeria to continue to rely on a range of important trading partners for its imports. Here,…

Social media in today’s digital world is an essential tool for business owners. As a small business owner, it is an excellent way to create and build brand awareness, connect with audiences and promote your brand, thus, increasing sales. As much as the advantage of having an online presence is essential, the use of different social media for marketing can be challenging for a small business owner due to the limited manpower.. If you are a small business looking to…

Chipper Cash, a leading pan-African payment company that simplifies cross-border transactions, is reported to be considering a potential sale or seeking new investors. Ham Serunjogi, the Ugandan tech entrepreneur who heads the company has reportedly embarked on this strategic move to further strengthen its position in the rapidly evolving digital payments market in Africa. Bloomberg received reports from sources who are familiar with the matter that Chipper Cash had already started checking out potential options before the recent collapse of…

The Japanese Government recently expressed its plans to boost cooperation with Nigeria and other African countries over the next 3 years with an investment of $30 billion. The Japanese Ambassador to Nigeria, Matsunaga Kazuyoshi,  disclosed this at an event organised by the Japanese embassy in Abuja to commemorate the 63rd birthday of the Emperor of Japan, Hironomiya Naruhito. He added that Japanese investments in Nigeria will increase to strengthen cooperation and to improve Nigeria’s business environment and solve business challenges…

Solid financial management is one of the keys to obtain business success. Regardless of how big or small a business is, with it, viable and profitable businesses will fail. You might have a successful business due to your level of expertise in making great products and providing services. However, not being sound at one important part of running a business such as the proper management of business finances can be detrimental to the sustainability of a business. In running a…

To build resilience in business is essential  to mitigate business challenges. There are challenges, crises, adversities or even a pandemic that might arise out of the blues. A resilient business will be ready to recover from adversity, adapt to change and come back stronger than ever before. Building a resilient business is a lifelong journey, but with practice and dedication, any business can develop the ability to overcome obstacles and thrive in the face of adversity. Irrespective of a personal…

Africa is a continent full of opportunities for small businesses. The growing population and the expanding class has made it easy for entrepreneurs looking to start or expand their business to delve into.  No matter how big or small your business is, the core principles of marketing are the same. However, marketing a small business in Africa can be challenging, ranging from diverse cultures, languages, and economic conditions across the continent. Also, a small business tends to have fewer resources…

A business plan is important when kickstarting a successful small business. It is a document that outlines your business goals, strategies and financial projections. Creating a winning business plan is an essential step in launching and growing a business. It gives you the chance to see through any weakness in your business idea, identify opportunities you may have skipped and plan how to tackle likely challenges. Let’s use this great business plan template as part of this guide. You’ll want…