SME Conference 2.0 was rewarding (Just ask these businesses that won premium listings)

We kicked off 2017 with SME Conference 1.0 on the 19th of January, that first meeting of SMEs organised by VConnect and Facebook brought together industry leaders like Oluyomi Ojo of Prinitvo, Marek Zmylowski HotelOGA CEO, Airtel Director of Enterprise Business, Tawa Bolarin and many more. Six months later, we decided to do it again, this time around, SME Conference 2.0 was held on the 8th of June 2017, at NECA house at Ikeja, Lagos. The theme for this year's event was "Empowering the service sector". The Presentations With about 100 enthusiastic SMEs in attendance, the session started off with a keynote address by Chukuwuemeka Fred Agbata, he talked in detail about why your business needs to be online. [caption id="attachment_19409" align="alignnone" width="750"] Chukwuemeka Fred Agbata during his keynote ...

6 advantages of being a small business in Nigeria

Running your own small business means being an underdog, most of the time, but being small has its advantages, just look at Antman from the Avengers, he can crawl into spaces the bigger guys can not get to, wrecking all so awesome damage there. Okay, maybe that isn’t an ideal analogy, but what I am saying is there are some great benefits to being tiny that provide small businesses with huge advantages compared to bigger businesses. These advantages can provide you with effective tools to compete against bigger rivals. So here, just to remind you, are six great reasons why being a small business is an amazing thing.  1. Lower overhead By being small, your business requires fewer resources to operate and maintain. Your lower overhead costs can allow you to offer a cheaper ...

HOW TO EASILY PAY YOUR TAXES IN NIGERIA

Taxes are an important avenue of revenue generation for the government, as individuals and business owners paying taxes help give back to the government and contribute to development. All business registered in Nigeria are expected to pay the Companies Income Tax (CIT). Partnerships and ventures are expected to pay the Personal Income Tax (PIT) which is administered either as – PAYE (Pay-As-You-Earn) taxes from employment (employees) or Taxes from a self-employed person. Say what you will about Nigerian government organisations, but you have to admit that there is an attempt to automate a lot of government processes, reducing the time and rigor involved in doing things as simple as registering your business with the CAC or filing taxes. Following that trend, the Federal Inland Revenue Service FIRS has introduced ...

How to stay productive during Ramadan

Even with only a cursory knowledge of Islam, you are most likely aware that the month of Ramadan is one of the most important times for Muslims, requiring Muslim faithful to abstain from food and drink from sunrise till sundown. The fast can be a challenge for people participating in Ramadan, but they soldier on for the period of the fast which is around 30 days. For someone like me who has to have their morning coffee and biscuits just to function properly, the idea of not eating in the mornings for about 30 days seems like a very difficult task. I asked some Muslims in the office how they manage to stay productive during this time   Yunus, the video guy I spoke with Yunus first, ...

Business plan templates to help start your SME on the right footing

Starting your own business is so stressful, with so many things to be done, it’s easy to convince yourself that doing the bare minimum for a business plan is enough. There are a ton of business-plan templates out there, so you could always just dump your own information into one of them and run with it. After all, you just need it to get funding, and then you’ll never look at it again. Right? Well, you could do that, but your business plan can actually be a living document you use often, to ensure your performance and growth are on track. Updating and referring to your plan on a regular basis can drive