GRBusiness
Tips to Starting a successful business in a bad economy
By Anyanso Mma
First: Concept
The idea of what you want to do. Sometimes it starts like a dream, a spark or an insight of a niche.
Second: Development
Build a system that runs operations either online or offline (office, shops, marketplace) or both online and offline
Third: Legal and accounts
Register with CAC, open company account (corporate account is always an edge) It gives your business shame face and makes you accountable too.
Fourth: Staffing and manpower
You need to hire;
- Sensible people with able hands
- People who share your dreams/ideas and concept
- People who understands systems
- People who have value to even obey and follow your system
- People who are willing to work for you, etc.
But as a startup you are not advised to over staff your small business when you have not started making profit, unlessave the cash to kick off and sustain operations before profits.
In most cases, the initiator of the business is expected to do most of the jobs, fill in for every department, do the run around, do the accounting, make the mistakes, etc to save cost in staffing and human resources management (HRM)
Fifth: Test run/experiment
Before your official launch, test run and experiment your operations as a customer, as a staff and as admin this will enable you see loop holes in your system and salvage wreckage from one mistake.
Sixth: Human Resources Management (HRM)
Even you as the business owner fall under this. HRM is not only for your staff.
Once you engage a worker or a worker, HRM must be applied if not you will not maximize their potential.
Human- This means that staff are human beings and not trees or mere machines
Resources -This means what a staff or staff have to offer you and your company
What they can do based on their abilities
Potentials embedded in them
Management- Is what you can do with them in terms of;
Workloads/tasks/assignments/responsiblies
Welfare (bonuses, promotions, leave, etc)
Salaries
Communications
Training for knowledge transfer
Retraining to refreshing their brains
Hierarchy
Dismissal
Punishments/consequences
Seventh: Upgrades/remodelling
Change of logo (if necessary)
Change of brand names (if necessary)
Change of company themes/colours (if necessary)
Change of slogan (if necessary)
Change of location (if necessary)
Expansion to a 2nd or 3rd branch
Website upgrade
Change from manual to automation
Change of hardware (if necessary)
Change of software (if necessary)
Change of vendors (if necessary)
Change of uniforms (if necessary)
Strategic expansion plans
Location facelift (if necessary)
Product reselling
Research and development (R&,D)
These are the common idea of things an entrepreneur has to out into account before starting a micro, small or medium level business.
The point is many entrepreneurs stop at the first step. They have difficulties birthing their own ideas.
That is where TheMap steps in from step one to the last. We make starting and doing business both online and offline very easy with a beautiful interface even if you don’t have a location.
TheMap started as an idea and now…
TheMap is the entire Real life redeveloped into an app.
Directory for everything, everywhere, everyone and every platform online.
TheMap is the guide to make finding and intereacting with places, people and things very easy. It is a fusion of various apps placed a new one.
You can also make money n TheMap through our social Monetization program which enables you own and operate various profitable ventures both ways Online and offline and have returns remitted into your account.
If you have existing business, TheMap can bring offtakers to sell off your products and services faster and easily with your having to stress about marketing, sales representative, payments and settlements.
TheMap helps you with logistics is your business have products that needs to move from you to your customers doorsteps.
TheMap gives your business state of the art technology such as CC payment solutions, CRM systems, digital marketing actions, communication channels such as toll FREE calls for your customers and much more
You can also own locations and have the location setup on your smart phone for easy management as people visit those locations in real life, you get reports on your smartphone and earn money with the power of Google maps and TheMap (local Google). You can own multiple locations and make money from them irrespective of your location. You can be in a different state or city and own and operate locations that is another state or city all entirely.
This is why technology is involved.
We have track records so be sure of your own testimony.
Have you ever palyes the monopoly board game? Where you own location and make money from them as other players jump in you then charge them according to the worth of your property and development on the site.
That is exactly what Themap.online is all about.
The differences between TheMap.online and the monopoly board game are;
- TheMap is real locations programmed with Google maps as a local google and setup on your phone as against just having imaginary locations on the monopoly board game.
- TheMap makes you real money that is paid into your account as against monopoly money that is worthless in real life and limits to the monopoly board game.
- Smart phone users (almost everyone has a smart phone) will jump into your locations online or offline and you are paid for life.
Imagine you own and run various filling stations within and beyond your neighbourhood and TheMap helps you deliver fuel and other filling station products and services to people who find convenience in that delivery and you make jeje money in your bank account .
Like I mentioned earlier, you can own multiple. locations and make tons of money from them because now they are not monetized yet so be the first to monetize and dominate your neighbourhood and beyond; Restaurants, Filling stations, Schools, Filling stations, Churches, Shops/stores/Super markets, Hotspots, Roadside sellers, Hospitals/clinics/labs, Laundry dry cleaning, etc.
Explore TheMap.
©Anyanso MMA
The Beer Sectoral Group (BSG), a sector under the Manufacturers Association of Nigeria (MAN), has announced the appointment of Carlos Coutino as Chairman of the Group, effective 1st February 2025.
Mr. Coutino takes over from Hans Essaadi, Managing Director and Chief Executive Officer of Nigerian Breweries Plc, who has served as BSG Chairman since December 2022.
The BSG is a trade association of beer manufacturers in Nigeria, comprising Nigerian Breweries Plc, Guinness Nigeria Plc, and International Breweries Plc. The Group plays a vital role in advocating for responsible alcohol consumption and advancing the interests of the beer industry within the Nigerian market.
Mr. Coutino, who currently serves as the Managing Director/CEO of International Breweries Plc, has nearly two decades of leadership experience within the AB InBev Group. A graduate of Industrial Engineering with an MBA specializing in Strategy, he joined AB InBev in 2004 and has since held top-level roles across three continents and seven countries in Sales, Marketing, and Trade Marketing. He will serve as BSG Chairman for a two-year tenure. In this capacity, he will collaborate closely with the Board of CEOs to provide strategic direction for the BSG, ensuring the Group continues to support industry growth, stakeholder engagement, and regulatory alignment.
Finance
Stanbic IBTC Capital leads Presco PLC’s ₦82.9 Billion Bond Issuance to drive West African market growth
Reporter: SANDRA ANI
Presco PLC (Presco or the “Company”), has achieved a significant milestone with the successful issuance of its ₦82,896,000,000 7-year 23.75% senior unsecured fixed rate Series I Bonds under its ₦150 billion bond issuance programme (the “Transaction”) with the Securities and Exchange Commission (“SEC”). Stanbic IBTC Capital Limited (“Stanbic IBTC Capital”) acted as the Lead Issuing House on the Programme.
The proceeds from the Transaction will enable the Company fund its acquisition of a 100% equity stake in Ghana Oil Palm Development Company (GOPDC), further supporting its strategic expansion objectives.
Speaking on the transaction registration, Mr Reji George, Managing Director / CEO, Presco PLC commented:
“The successful completion of our Series 1 Bond issuance solidifies Presco’s foundation for continued growth and expansion. Aligned with our strategic objectives of increasing our planted area of palm oil and, to lead Africa in the fully integrated edible oil and fats business in the nearest future, the proceeds from this issuance will be primarily directed towards the acquisition of a majority equity stake in the Ghana Oil Palm Development Company (GOPDC).
This not only enhances our operational efficiencies, It also solidifies our market presence and competitive advantage in the palm oil sector beyond Nigeria. Most importantly, this will enable us to better serve our valued customers and deliver sustainable value to our shareholders. We extend our sincere gratitude to Stanbic IBTC Capital and all our advisors for their support throughout this process.”
Also speaking on the transaction registration, Oladele Sotubo, Chief Executive, Stanbic IBTC Capital, said:
“Stanbic IBTC Capital is proud to have advised Presco PLC on the successful issuance of its ₦82.9 billion Series 1 bond. As the largest local currency corporate bond issuance in the Nigerian market in recent years, this milestone underscores our deep expertise in capital markets and our commitment to delivering innovative, high-impact financial solutions.
Beyond reinforcing Presco’s strategic growth, this transaction enhances funding diversification within the agricultural sector, driving sustainable industry expansion. We appreciate Presco PLC’s trust in Stanbic IBTC Capital and the consortium of advisors who contributed to the successful execution of this landmark deal.
Transport
Travelers to Make Money as Ozi Launches to Redefine $460 billion Global Package Delivery Market
Key Takeaways from Ozi launch:
- With logistics representing a $1.34 billion in Africa, the demand for innovative delivery solutions has never been greater
- Nigerians face numerous hurdles when it comes to moving packages, ranging from delays and high costs to a lack of secure options
Ozi (www.ozionline.com), a pioneer community-driven delivery app, launches today, offering users a new way to send packages and earn extra cash.
By connecting people traveling with those needing package delivery, Ozi turns everyday trips into profitable opportunities, aiming to disrupt the global parcel delivery industry, also known as the Courier, Express, and Parcel (CEP) market, currently valued at around $460 billion.
Imagine this scenario – You’re traveling to Abuja from Lagos and have empty space in your car. With Ozi, that unused capacity can earn you extra cash by delivering a package along the way. Or maybe you’re a small business owner who needs to send a package to another state but balk at the high cost of courier services.
With Ozi, you can find a verified traveler heading in the right direction to handle your delivery, Engr. Christian Chime, Ozi’s co-founder and CEO, said during the startup launch held today at Four Point by Sheraton, Victoria Island, Lagos.
“Why travel empty when you can earn?” asks Engr. Chime said. “Ozi allows travelers to make the most of their journeys while helping others get their packages delivered with ease.”
“This simple yet powerful idea leverages the daily movements of millions of Nigerians to create a logistics network that is fast, affordable, and efficient.
“Ozi’s unique approach leverages the everyday movement of travelers to bridge this gap, creating a system where everyone benefits”.
He said that the choice of Nigeria as the first launch-location for Ozi was due the potential the country holds in the parcel delivery sub-sector.
“Actually, we had the opportunity to launch OZI in other country outside Nigeria but for their believe in the Nigeria dream and its potentials made us to choose the country as the first to witness Ozi’s innovation”, the CEO said. “Travelers can now monetize their journeys by delivering packages along their routes, while senders gain access to an affordable and convenient alternative to traditional courier services”.
Ozi combines convenience, innovation, and community to deliver a win-win solution for Nigerians. From quick intra-city deliveries to long-distance trips, Ozi offers an affordable, efficient solution for all.
Whether you’re a traveler looking to earn on your trips or a sender seeking a reliable delivery option, Ozi offers a solution that works for everyone.
In the words of Azubuike Augustine, the co-founder and Chief Technology Officer of Ozi, “Ozi’s mission goes beyond simplifying package delivery. The app represents a broader effort to create shared value for all stakeholders in the logistics process. By connecting senders and travelers, Ozi creates a win-win scenario where costs are reduced, trust is built, and income opportunities are created”.
“Ozi prioritizes safety and transparency. Every user, whether sender or traveler, undergoes a comprehensive verification process that includes ID checks and phone number authentication. This ensures that all participants in the system are trustworthy and accountable”.
To enhance security further, Azubuike said that Ozi offers real-time tracking for all transactions. Senders can monitor their packages throughout the delivery process, ensuring peace of mind. For high-value items, optional insurance coverage provides an added layer of protection, reinforcing Ozi’s commitment to reliability.
“At Ozi, we understand that trust is critical in logistics,” the CTO added. “That’s why we’ve built a platform where every step is designed to safeguard both the traveler and the sender.”
“Ozi is more than an app; it’s a community where everyone wins,” said Ikenna Ani, co-founder/COO of Ozi.
“From today, travelers across the globe can sign up through www.ozionline.com and start making every trip count”, he said. “We have put measures in place to ensure only genuine and verified travelers or senders use the platform. Security is primary for us”.
He added that the app will be released on Google Play Store and Apple (iOS) on January 1, 2025. Ozi Live on Instagram | Facebook.
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