BRIEF BIO Timilehin is a Nigerian National with a great deal of experience spanning the Financial services Industry. Some of her specialties include Business Strategy, Budgeting & Financial Planning, and Marketing/Communication. She has experience in industries spanning from Finance, Technology, Light Manufacturing, Education and HealthCare. Tell us a bit about yourself I am a recent..
Read moreGENERATE LEADS
A lead refers to a person or business entity that is presently not a client but has the potential to become one in the future. It is anyone who is interested in the product or service your company provides or has taken some sort of action regarding it. Lead generation is therefore the process of..
Read moreMANAGING YOUR WORKING CAPITAL
In finance, working capital is a metric which shows the operating liquidity, efficiency and short-term financial health of any company. It is the amount of capital readily available to an organisation for its day-to-day trading operations. There are two major components of a working capital; current assets and current liabilities. Current assets -This refers to..
Read moreBUSINESS MODEL VS BUSINESS PLAN
The term ‘’business model’’ refers to your secret sauce for creating, delivering and capturing value. Writers such as Alexander Osterwalder popularized the concept of business model generation in the past decade through their books and concepts. Essentially, your business model is about how you make money or more technically, your revenue streams and cost structures...
Read moreSTRATEGIES FOR MANAGING INVENTORY
Inventory management is an important aspect of businesses around the globe. Managing and storing inventory can be challenging, expensive and time-consuming. That is why companies are constantly finding new strategies of managing inventory in order to improve operational efficiency, save cost and save time. In business, Inventory refers to all items, materials and goods being..
Read moreConsultant of the Week: Jude
BRIEF BIO Jude is a Nigerian whose experience in Human Resource Management (HRM) is multifaceted. His paid employment and consultancy experience in HRM cuts across industries like education management, pharmaceutical and FMCG, IT/AI, media, construction, banking, agro-allied services, recreation and tourism as well as a couple of others tied to ongoing consulting projects. His areas..
Read moreDevelop a Business Mission and Vision
In driving a business, nothing reinforces the objectives of your company like a vision and mission that reflects exactly why the company was created. Many times, these two concepts are easily mistaken. A lot of people do not truly understand the difference between these two terms. While they are ultimately what drives the company’s operations,..
Read moreDeveloping a Social Media Strategy
Social media has become an important part of our lives in this 21st century. Now more than ever, the world has understood the importance of creating online platforms where you can share and connect with people irrespective of their locations. With technology constantly evolving, it has become pertinent for businesses to leverage online platforms like..
Read more10 Steps from Business Idea to Business Plan
Chances are that you are a gainfully employed professional in a stable industry with good future prospects. However, there’s a germ of a business idea that has been niggling at the back of your mind for months. Perhaps you are tired of the daily grind, endless politicking or interminable traffic and want to make a..
Read moreSix ways you can use your income statement to improve profitability
As the name implies, an income statement (sometimes called a Profit and Loss Statement) shows the revenue your company earned, and the costs associated with running your company. Although an income statement can be prepared for any interval, it is usually prepared annually. For example, an income statement that includes financial data for 2013 would..
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