Resources

Articles/Presentations

REGULATIONS GUIDING SMALL BUSINESSES IN NIGERIA

The intention of any government and other approved bodies who set regulations to run businesses are so that there can be assurance of quality and level playing ground for all. This means that businesses especially those just starting up or running on a small scale must pay attention to these regulations.

THE RISING STARS: FEMALE ENTREPRENEURS IN NIGERIA

As at February 2017, BBC, in a news report stated that “Nigeria has the highest number of female entrepreneurs in the world, as forty percent of Nigerian women are entrepreneurs, which is higher than anywhere else in the world,” the report said.

Capital

The term “capital” means different things to different people. Simply, capital is money used to start a business. The accountant sees capital as money invested in a business to generate income. The economist on the other hand, sees capital as one of the factors of production (alongside land, labour and entrepreneur) used to create goods or services, with its reward being interest.

Ecommerce - Selling Your Products and Services Online.

Taiwo makes beautiful Ankara “infused” shirts and delivers first class service to his customers. He is much loved and respected so much that his customers refer him to others, and he has built loyalty with them. Taiwo however knows that the value he offers is needed by more people whose locations are significantly distant from his store, and he wants to take his business to them.

QUALITY CONTROL 101

So, finally, everything is in place. LSETF loan. Check. Office space in Ikeja. Check. Latest IT technology. Check. Quality control process. Err... What’s that?QUALITY CONTROL 101. So, finally, everything is in place. LSETF loan. Check. Office space in Ikeja. Check. Latest IT technology. Check. Quality control process. Err... What’s that?

You've Setup Your Business, Now What?

It's been 6 months since Kevin attended the wedding reception that spurred his "Eureka" moment to start his catering business. The small chops were like sawdust and most wedding guests left their plates untouched. At that moment Kevin had the idea, to set up a small chops business that provided delicious small chops in packs that retained their freshness and hotness for up to 8 hours.

Competitive Advantage

In business, competitve aadvantage is the leverage that your business has over its competitors. This is what makes you better than the competition in your customers' minds.

Memorandum of Understanding (MOU)
Frequently Asked Questions (FAQs)

An MOU is a written agreement between parties which states the conditions, roles and intentions of their contract. Click the download button below to find out more about MOUs and its FAQs

Shareholders, Share Capital & Share Allocation at Incorporation

A Shareholder is a member of a company who owns a portion of the company (also known as shares). Click the download button beow to find out more about Shareholders, Share Capital & Share Allocation

Lagos State Signage and Advertisement Agency (LASAA)

The Lagos State Signage and Advertisement Agency (LASAA) is an agency responsible for the regulation and control of outdoor advertising and signage displays in Lagos State. Its primary functions include issuing licenses and permits for outdoor structures and maintaining a database of these structures.

Pay As You Earn (PAYE)

Pay As You Earn (PAYE) is a form of tax an employer deducts from an employee’s wage or salary. It is also known as Personal Income Tax and is based on Section 81 of the Personal Income Tax Act (PITA).

LASAA Mobile Advert Rate Card for 2017 Road Show

LASSA mobile permit and branding

LASAA Mobile Advert Rate Card for 2017 Retail

LASAA mobile permit and branding

Lagos State Local Government Taxes & Levies

As a business owner doing business in Lagos, you may be required to pay some local government levies to the local government council or local council district authority in which your business is located.

NDA

A Non-Disclosure Agreement (NDA), also referred to as a Confidentiality Agreement is a legally enforceable agreement in which parties agree on the type of information, documents or details that are to be considered confidential and secret.

BOOTSTRAPPING YOUR BUSINESS

You've been ruminating on this idea and it's consuming all your thoughts. So, you smash your piggy bank, count your Kobo and Naira hoping there are no rainy days soon. You also quit your 9-5 (or not) and use the little capital you've garnered to birth this idea. You cut down on luxuries, get your product in the market, gain few customers (or not). Congratulations! you just bootstrapped your business.

BEFORE YOU HIRE YOUR FIRST STAFF - READ THIS

You’re finally ready to hire your first employee, what next?

BEFORE YOU TAKE THAT LEAP - SIDE HUSTLE

Many businesses have their origin in a side hustle. Sometimes the side hustle is from trying to raise extra cash, sometimes it is from chasing your passion. If you are currently in that side hustle phase, here are a few questions to consider

7 TRAITS OF AN OUTSTANDING BRAND

Let’s play a quick game. Close your eyes, now say ‘brand’. Open your eyes. Now, what was the topmost thing on your mind when you said brand? Nothing? Let me guess, something popped up, isn’t it?

UNDERSTANDING CONTRACTS FROM A LEGAL PERSPECTIVE

DEFINITION OF CONTRACT : A contract is an agreement between two or more parties where legal rights are created which the law will enforce.

CONTENT MARKETING- TO-DO OR NOT TO-DO

Traditional marketing is becoming less and less effective by the minute, mostly because it is ‘marketer-centric’ and focuses on the product to be sold, more than any other factor.

PROCUREMENT FOR THE LAGOS STATE GOVERNMENT

Public procurement can be defined as the purchase, whether under a formal contract or not, of works, supplies and services by public bodies, governments or state-owned establishments.

9 TIPS TO MANAGING YOUR SMALL BUSINESS FINANCES 

Cynthia is ecstatic.     Her application to the Lagos State Employment Trust Fund (LSETF) was successful. Her Business,Cynthia’s Cakes is now a proud beneficiary of a N5 million LSETF loan at just 5% !                                  She plans to use the funds to expand her business to other locations within Lagos. 

IDENTIFYING CUSTOMERS NEEDS 

The products that excel in the market and are uppermost in the mind for consumers are those that have positioned themselves to meet both the realistic and unrealistic needs of customers.

DO YOU OWN AN ​OKADA ​ FOR YOUR BUSINESS?

In these days where traffic only gets worse as people purchase more vehicles, there is only one solution. In a country where a major city has over 2 million cars motoring its limited roads, one cannot but consider this other alternative.

BUILDING A SUSTAINABLE FAMILY BUSINESS

A family business is a commercial organization in which decision-making is influenced by multiple generations of a family—related by blood or marriage. These families are closely identified with the firm either through leadership or ownership.

BUSINESS IN DEVELOPING AND EMERGING ECONOMIES

An emerging market economy is a nation's economy that is progressing toward becoming advanced. Emerging markets are not as advanced as developed countries but maintain economies and infrastructures that are more advanced than less or undeveloped countries.

WISHFUL THINKING OR VIABLE BUSINESS IDEA- CHARACTERISTICS OF A GOOD BUSINESS IDEA.

The greatest products we have today, and of course the great companies we have today were birthed from an idea. We all know the story of Facebook, and how it was just an idea that was created for a small set of people and how it has now grown to become the 4th most valuable brand in the world.

DOING BUSINESS IN NIGERIA (A DETAILED GUIDE FOR NIGERIANS AND EXPATRIATES)

Achieving success in business in Nigeria requires more than just having the required capital, first, you will need a very solid business idea and plan, backed up with proper research and planning.