4 KEYS YOU MUST CONSIDER IN MANAGING YOUR BUSINESS CASHFLOW

 4 KEYS YOU MUST CONSIDER IN MANAGING YOUR BUSINESS CASHFLOW

   Cash flow is the life blood of business; you must ensure a proper management of the flow, so every dime must be accounted for so as to know your financial position at all time.

    Make more sales

Once you are in business, there is 90% chances that cash-flow will be generated and with budget you will be able to figure out how the inflow will be spend and what purpose it will be use. Mismanaging your cashflow can be a dead blow to the growth of your business.  One of the key that guarantee positivity in cash-flow is increase in sales. You must utilize every means available to ensure increase sales of your products as that is one of the surest ways in managing your cashflow. 

·       Cut down expense

Another variable you must consider in managing the inflow in your business is the outflow (expenses) incur in the running of the business. You must use every strategy to cut down your expenses and this will help in keeping your cash-flow on ‘green’. In cutting down your expense you must try as much as possible to keep to standard, so as not to lose clients who like maintaining quality.

·       Run away from your creditors

You can negotiate with your creditors on how possible you can extend payment. Explain the situation of your business to them. Delay for as long as possible, even just a few weeks can significantly impact positively on your cash flow. While you delay payment to your suppliers you must not fail to honor your promise to pay as at when due. Engaging in part-payment is a proper way to negotiate on how you can pay-off your debt; this will help your supplier to have confidence in you and even extend new credit while you keep servicing the old debt. It gives you the opportunity to juggle your creditors without losing their confidence. This will also create more funds available for the running of your business without losing credit-line from your suppliers. 

·       Pursue your debtors

Business strive when customers pay; not just anytime but on time. You need to monitor the extend of your account receivable and never allow your customers to owe you for long, to avoid bad-debt in your account column. In other word you must encourage your customers to pay early as this will enhance your cash-inflow to keep the business running. Moreover you can offer special deals as well as discounts to your clients to encourage them pay on time without a severe to your business relationship.

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THE TRUE DEFINITION OF MONEY

 THE TRUE DEFINITION OF MONEY🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔

It was a Monday morning some years ago, when our economic Teacher got us sitted for a class.

On the board was the topic: MONEY; EGO, OWO,KUDI

Outline: What is money.

Types of money.

History of money.

Bla bla bla.

Up the lecture began...

Good morning class: the teacher greeted.

Good morning Aunty: the class responded.

This morning we will be discussing on the topic we have on the board:MONEY: the teacher continued.

All attention, we started listening to our teacher.

For 45minutes the teacher was taking us round and round to the extend that the class became boring that some pupils started dozing off.😂😂😂

Then the bell rang for break😂 oh what a relief😂😂

The teacher voice was swallowed up by the noise of excitement by the pupils who were up for recreation😂😂

Years later I started researching for true definition of Money.

Does money all about the means of exchange? Or it is all about the notes by which we buy the items we need: food, clothing, houses, cars and so on.

What is money?🤔

Because true definition about money was not taught in school by our teacher who came to school with bicycle.

We came out of school looking for money🤔🤔🤔.

Up we get in search of jobs that barely pay for our basic need!!

What is Money?

Our young people in search of this concept have engage their time into pervasive lifestyle: rituals, prostitution, yaho-yaho and all kinds of illicit act to make money.🤔🤔🤔🤔

What can we say of our politicking mafians who are bend in siphoning public treasury for self -enrichment🤔

Our religious bodies are not left out of this malady where the so-called Daddies and mommies in the Lord hock-wink their members into sowing seeds that never germinate.😂

What is money?

Our social media are crowded with fake gurus who pack fake EBook to make you rich with principles that never works!

"I must make am by hook or crook! No matter no matter while the end justify the end" has been the chorus of our time and generation!!

Hmmmm👇👇👇👇👇👇👇👇👇

Have you see a man diligent in his value🤔🤔 he shall stand before kings and not mean men.prov22:29

Now I have discover that VALUE is the true definition of Money.

Go for value and your generation shall reward you🙏🙏🙏🙏🙏🙏🙏

6 AMAZING BUSINESS OPPORTUNITIES IN OIL AND GAS INDUSTRY

6 amazing opportunities in Oil and Gas Industry

 

Indeed, oil and gas industry is one of the most explosive business industry of this century. This business has great employer of people around the world and will continue to be an industry where multi-dollar millionaires keep emerging. Even though it require huge amount of capital to launch into this business, but when one consider the returns investors of this business get as result on the investments, one would be motivated to own an investment portfolio in this industry.

 

There are various channels (business niches) you can begin within regard to investing in oil and gas business.

 

1.   Establish a Filling Station.

This you do by securing a space in a site that is disposed to vehicular traffic to build a filling station. You must as well ensure you apply and obtain permits and license from authorized body before building the filling station.

 

2.   Selling of Cooking Gas.

This type of business is suitable in states where gas is not supplied to apartments through a structured pipe system. All that you require to get started is a shop, gas cylinders and supply from gas plant. This business can be kicking off with little capital.

 

3.   Crude Oil Shipping Company.

This day it is safer and economical to transport crude oil from an oil field to a refinery especially when the space location is a far apart. Although this type of investment is capital intensive but the truth is that it is dollar spinning business. You need have permit and license from authority before lifting crude oil as this is necessary to regulate the activities and bunkers.

 

4.   Establish an Oil and Gas Servicing Firm.

This type is mission demanding in terms of capital and skilled manpower, but when you are positioned well and know how to market your services, you will indeed make huge returns. Major oil firms around the world such as: shell, Agip, Mobil, Texaco amongst others rely on oil servicing companies like Halliburton, Transocean etal for maintenance and servicing jobs.

 

5.   Launch a Private Crude Oil Refinery

There is high demand for refined product and so opportunities are much in the industry. Some of these refined are vegetable oil from crude pko. This is capital intensive and requires technology know-how. Once you make your consultation and obtain the requirement needed, you are on your way in controlling wealth.

 

6.   Clearance service

In Rivers state Nigeria, Texas United States and other countries of the world where oil is drilled in the sea, there is possibility of spillages; hence there is need for oil spillage clearing services. There is indeed opportunity in this regard of course if you have the requisite skills and professionalism, you can go ahead and fill in the gap.

 

 

5 WAYS ON HOW TO MAKE EXTRA CASH DURING CHRISTMAS

 

Proven ways to make extra cash during Christmas.

Hey is around the corner, the Christmas season is almost close. Before you realize it we are at the middle of celebration and those who plan ahead enjoy the moment. Indeed you need extra cash to meet the demand because the cost of Christian presents, vacations, meals and other groceries are escalating. Moreover even when you make your budget, the cost can quickly gulp up your budget. However you can joggle the freezing and circumvent the ugly scenario of running out of cash during Christian by making extra cash before the next Christian season comes calling. Here is 5 proven ways you can make extra cash and be financially buoyant before the next Christian comes knocking!

·       Children Toys.

It is a proven fact that Christmas season are fun season for children. Every child look-forward to this moment of celebration. Just few hours ago, a teen said to me “uncle remember my Christian gift…”. So I can say is a fun season for children. Moreover every parent will try to express their love for their kids and make them look special during this period! As they will stop at nothing to make it a moment to remember for their lovely kids. Just recent, a Nigeria Actress Tonto Dikeh bought a star for her son as a birthday gift. This proves that every parent will go to any length to make their children happy. You need to catch into the market space and make extra cash for yourself.

 

Children toys and other groceries are in massive demand and will be during Christmas. Those who know their onion will catch into the opportunity and smile to their bank in money.

Children toys and other groceries range from water-gun, toy-phone, toy-motor, toy-game, shoes, wears and other enticing items that attract kids. You are to make adequate research to find the niche that can match with your passion and your fund so as to launch into it and make your money.

MUSIC CONCERT.

Another proven way to make money during christmas is music concert. It is a proven idea that music is the colour of any celebration. Organising a concert can earn you extra cash during the season. Both secular or gospel that colour the heart-beat of the moment can be a good idea. 

All you need to do is to get the necessary instrument and personnel that can make the occassion clourful.

ORGANISING PUBLIC FILM SHOW.

During christmass like relaxation and one of the show they love is film show. organising one, will make your account fat with dollar. This is mostly nice when station in the city. Stationing a film show in a remote area is also a great deal. All you need is just to obtain a government permit and other requisite needed to make it worthwhile.

GET SEASONAL JOB.

Most companies will need some auxiliary staff to meet up with demand of the season. Production is needful to match with sales and so companies will be in need of more of human resources. Mostly companies in entertainment industry. So you need to catch in the moment and get the job offer, in order to smile with extra cash to solve your need in the season.

SELL YOUR STUFF.

As the year draws to ending, look around your surrounding, you will discover that, there are some stuff you may nolonger need: some cloths that you will never wear, books that can nolonger be read and some electronics that you cannot use again. Though you do not need them, put them on sale and you will be surprise that there are people that need them.

you can sell these stuff online and by physical contact.

Christmas is a great season, so like other yuletide season, with these opportunities and many more, you can make it worth celebrating without complain with extra cash earn through those opportunities.

Happy celebration!

5 WAYS TO MAKE MONEY BLOGGING

 

Hey have you been blogging and it seem you cannot make a dime from it? Possibly you may have submitted it to goggle adsense and you are not yet approved and it seem you are caught in a web. How to monetize blogging skill has been a burning question begging for answers.

Below are 5 proven ways you can smile to the bank blogging:

A.   Advertising:

This is the act of reaching your audience with other peoples’ products and services. Advertisement is the one of the most proven way you can monetize your blog or any websites in any capacity.

This can be in two forms:

Selling ad directly to companies and working directly with advert network which in turn provide ad directly to you on your site. However the first option is mainly for known brand sites that have massive traffic as unpopular site with little traffic may not attract patronage from conglomerates.

In any way with advert network you can get some ready-advert to be place on your site. In this case you receive a cut from the advert profit while the network received the rest at the stipulated percent.

One way to make much dollar with this means using your blog is generating traffic by having much page-views on your content. Your content must be of high quality that will solve peoples need for particular information they are seeking.

B.    Affiliate marketing

This is the type where you market other products and services through your blog site.

You register with an individual or company that sell products and services and you refer people using your link, you will get paid commission once your referrals buy the products or services. You are responsible for placing those links somewhere on your site. You can embed them within a blog post, along the sidebar, or wherever you prefer.

Recently, the most popular affiliate program is Amazon, which has a base commission of 4 percent.

Apart from amazon you can as well do affiliate for other companies or even other bloggers who has product or service to sell. More over digital product is said to pay high commission than physical product.

One beauty about affiliate marketing is that you do not need to create your own product to sell, rather you can make money by selling other peoples products and services. You are save from the hard-work of creating a product as you are now benefiting from the hard-work of others by selling their products and services and making money by commission.

Affiliate marketing is most successful when you have a platform: a blog with quality content that resonate audience. More over you need to market product you must have used or knew people that used them as that will build trust and make you authority among your prospects.

C.   Sponsored content

This is the act of writing content on behalf of others and getting paid for it. This may involve publicity articles, editorial writing, reviews e.t.c.

You must be an authority in a particular niche to receive offer from your prospects. Your information must be up to date that will attract subscribers of the particular niche.

Here you can as well get a contract from a company to write content for their brand or for their product and get paid for it. More over companies like to work with bloggers and content writer for the purpose of advertising their products. This is because they values bloggers authority in a particular niche and so want to use their platform for advert.

Most times the content you create might be the entire blog post, however you can get paid for one aspect of your content creation.

This simply means, companies want to use your voice to talk about their product to their prospect.

As a blogger you can receive sponsorship for any of the following:

1.     Email

2.     Article

3.     Live video

4.    Photography etc

D.   Donation

With good content on your blog, you can engage your readers into certain commitment that comes with donation.

This is because for a while your blog have attracted massive followers you in one way or the other might want to support your ‘ministry’ by donating  certain amount of money.

 There is ‘no string attached’ to this kind of goodwill from your followers as you do not need to deliver anything in return for the donations. Moreover you have been providing quality content, so it cordial to show their support.

The means of making this donation depends on what is obtainable in the locality, paypal, payoneer or payment block from wordpress as these are better ways to collect online donations.

E.   Selling your own products and services.

This is the act of selling your products and services on your blog. These can range from physical to digital products and services. Apart from ad and other areas of monetizing your blog, you can package a product to sell on your blog and make massive dollars! Most profit-making form is digital product, this is because they have little or zero-cost to create them. This digital product can be in form of e-book and other form of information guides.

 Other services can be online couching where you can create an online group on social media platform like facebook and wassap etc. this is possible as a result of authority you created by blogging for a particular niche.

 For instance you can teach people how to create content for their blog; because as a blogger you have been successful in the area of content creation.

Finally you must not be active in all the 5 ways, so you can choose one or two ways and grow with them, until you master them enough to include others. Moreover you must keep pushing even if it seem your effort at the moment is not paying now, but soon you will get there.

Have a nice Day!

16 BUSINESS OPPORTUNITIES FOR INTROVERTS

16 Small Business Opportunities for Introverts.

There is strength in being an introvert, this is because being an introvert does not make you dull or excluded from making impact in your environ, as there are great opportunities that abound for people in that category. Indeed I so much cherished the introvert, because I see them as intelligent, smart and hardworking, who love to work behind the scene and it is hard to do without them. Are you an introvert who are looking for an income generating opportunities, I have good news for you as this article was painstakingly written to answer your questions.

Below are 16 business ideas to start with from the comfort of your home.

1. Blogging: Just with a laptop and internet connection, you can share your ideas online and make money by it.

2. Freelance writing- without do much stress, people are making tons of dollars on daily basis. You too can join the league, eventhough being an introvert, using your creative skills.

3. Web designer-Web designing is a business that can be conducted 100% online. You could do all your marketing, designing and promotion without having to be in the public eye.

4.  Media consultant-People convert their love for social media into a money making venture by becoming a social media consultant. Social media consultants help companies promote and advertise their businesses on social media.Introverts love social media because it creates a platform for them to express themselves and discuss with people without physical presence. 

5.Cleaning services- As an introvert cleaning business is also suitable for you. Although as a beginner, you would need to do a little bit of networking and advertising to get clients to patronize your cleaning business.

6. Stock broker-Selling stocks require a lot of networking and advertising but the good thing is that most of the networking can be done via internet or telephone without having to make physical contact except when necessary.

7. Accounting and bookkeeping services- Accounting and bookkeeping need a whole lot of concentration to avoid errors and misrepresentations. An introvert would do very well in this field.

8. Artist-This business idea is more for Introverts to make very good artists.

9. E- store- You could still own an online store and sell stuffs without having to attend to people physically as an introvert.

10. Waste management-Some opportunities include recycling, garbage collection and industrial waste collection among several others.

11. Music writer- As an introvert you could make money from writing songs for musicians.

12. Pest control-No one likes to see pests or insects living in their homes. Pests and insects are a major source of concern in people’s homes. As an introvert you can venture into the business.

13. Stock photography-Stock photography is another suitable business for quiet people and introverts. People need photos and images to back up their write-ups or to put on their websites. 

14. Moving services- As an introvert you can start the business of helping people in relocation. When you look around you, you will see people moving from one apartment to another or moving from a rented space to their own home. Whatever the case, people are constantly changing location and these people require the services of others to help them move their properties.

15. Meat shop- You could also start a meat packaging and delivery shop in your locality.

16. Bakery– Having a bakery also lets you work from behind the scenes because you could bake and supply to other people who would do all the selling and distribution.

5 QUESTION TO GUIDE YOU IN CHOOSING THE BEST BUSINESS TO START IN 2019

5 Questions to Guide You in Choosing the Best Business to Start in 2019

It is evidence that 2018 has already come to ending, great entrepreneurs are already tidying their for business success in 2018. Therefore it is essential to join the league if you must have a stake in great opportunities that will be evidence in 2019. In order to ascertain how ready you are,
below are 5 question you must examine yourself with if you must be among the league of success in 2019:
1. What is your  preparedness?

Are you in success mindset? Do you have what it takes to create a successful business? This is because the first Step  in discovery the best business idea in 2019 to start is you; because creating a successful business starts with you, the entrepreneur.
I mention the entrepreneurial mindset here because it the essential key to starting, building and growing a business.  Choosing the best business to start begins with you answering the following questions:
Are you prepared to face business sebacks?
What is your risk bearing capacity?
Are you prepared to handle business failures?
What’s your mindset  towards making mistakes in business and life?
These are the type of questions you need to ask yourself before even deciding what business to start. These questions will reveal your mental preparedness for the entrepreneurial journey at hand. The state of your mindset will determine how far you will go in the entrepreneurial process of building a business.

2. How much Money do you have?
The start-up capital you have access to, is another factor that will determine the best business for you to start in 2019. The best business opportunity for an entrepreneur with access to a $4,000 start-up capital will be quite different from that of an entrepreneur with two million dollars in start-up fund.
The best business to start for an entrepreneur with a $2,000 start-up capital may be an online niche store while the entrepreneur with the million dollar capital will feel that starting a gas distribution business or a manufacturing firm will be the best niche. So ensure that your start-up capital is a determinant factor when deciding what business to start in 2019.

3. What is the strength of your Team
The strength of the management team you have on board will determine the kind of business opportunity to pursue. If your business team has a track record of successes; then raising capital to pursue big projects will be  easy. But if you are a solo entrepreneur, then your best business opportunity will be quite different.

4. What is  your Business Plan?
If you have the right plan, coupled with the right team and the right mindset; then you can pursue major projects. But an entrepreneur who lacks the orientation of the use of a business plan will be limited. The extensiveness of both your personal and business plan will determine the kind of business opportunity you will pursue in 2019.

5. What Is Your Business Idea?
Your best business opportunity may be different from The best business to start for someone in Nigeria or China will differ from that of someone in United States, Canada or India. And most importantly, I listed the “business idea” last because it is the least important necessity to mine based on prevailing business circumstances such as your passion, demographics, local changes, hobby, skill, geographical terrain, , demand, supply, economic policy, etc.
Remember, the world is filled with brilliant, million dollar ideas but the world lack savvy entrepreneurs. An average business idea with the right mindset, a strong business management team, and the right business plan will outperform an excellent million dollar idea with a poor mindset and a weak management team. So when deciding what business to start in 2019, make sure you do your preliminary feasibility study. Always check our website for in-depth business opportunities analysis. be sure to take into consideration the five questions above and  ensure that the right combinations are in place when contemplating on the best business to start.