• Strategy

    How to Find a Mentor in Nigeria

    The right mentor is very crucial to your business growth and development because they are like compasses that guide you through your entrepreneurial journey.   People always use the alibi that connections are hard to find in Africa. I know what you mean, but acquiring the right social skills to finding those connections is the most important step. Are you are starting up a new business or do you already own one? It is exciting to come up with many ideas and create something on your own. However, while you are building that dream, you may not have a clear picture on how to build a sustainable business or figure…

  • Strategy

    The Advantage of Starting Small

    “You don’t have to be big to start, but you have to start to be big.” The first small business myth I want to debunk is that you have to start big and hit the market in grand style. Small businesses have scaled up to fortune 500 companies. Start small but do not stay small. You do not need large capital to start, but you need capital to grow the business. Do not let the lack of capital hinder you. Also, read our article on businesses to avoid when starting small. You can start with one product and add other options. As a matter of fact, launching with a little…

  • Strategy

    Business Registration in Nigeria

    This article provides a brief overview of the features of different legal forms available for businesses in Nigeria; it as well details the practical requirement for incorporating or registering same under the law. 1.1. Artificial Legal Personality One of the foundations for business success is the separation of the business from the individual. The idea is to give the business a life if its own. The concept of “artificial legal personality” in law is a response to this. It refers to situations where the law clothes non-human entities (e.g. businesses) with qualities of a “person”. The reason is that these entities are composed of several persons (e.g. employees, management etc.)…