Why Businesses Fail in Nigeria & Solutions Understanding why businesses fail can help entrepreneurs avoid common pitfalls. Here are key challenges Nigerian businesses face, along with practical solutions to increase chances of success. 1. Inadequate Funding Many businesses struggle with limited funds, which makes it hard to cover costs or expand. Relying only on personal savings or small loans can limit growth. Solution: Look for various funding sources like government grants, partnerships, or investors. Also, create a budget to manage expenses better. 2. Poor Business Planning Without a clear plan, it's hard to stay focused and manage resources effectively. Many businesses fail because they don’t have a plan for growth, risk, or competition. Solution: Create a detailed business plan that includes goals, target customers, budget, and marketing strategies. Review it often to sta...
Affiliate Marketing is becoming a space everyone is interested in because of high commission earning in promoting brands and generating leads. Many are also afraid because of the technical know-how in affiliate marketing. There are also numerous material on the internet based on affiliate marketing, but going into affiliate marketing requires that you get yourself acquainted with relevant knowledge about the business. There are absolutely no startup funds required, all you need is your Smartphone and data on your phone, every other thing like; PC or desktop etc. are added advantage, but getting trained is were money is involved. Of course! You need training to earn big in affiliate, I will therefore, recommend the following selected trainings to make your online income generating journey a success. These training are almost free, compare to what others parade online. So take advantage now by getting them before their prices start going up. 1. The Ultimate Guide ...