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
Finance
Banks To Now Charge 0.5% Cybersecurity Levy As Directed By CBN; Netizens React
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on some transactions done by their customers.
The apex bank gave the directive in a circular dated May 6, 2024 and sent to all commercial, merchant, non-interest and payment service banks as well as mobile money operators and payment service providers.
“Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and pursuant to the provision of Section 44 (2) (a) of the Act, ‘a levy of 0.5% (0.005) equivalent to a half percent of all electronic transactions value by the business specified in the Second Schedule of the Act’, is to be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Adviser (ONSA),” the circular partly read.
The apex bank said that the implementation of the levy would start two weeks from the date of the circular.
“The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall be reflected in the customer’s account with the narration, ‘Cybersecurity Levy’. Deductions shall commence within two weeks from the date of this circular for all financial institutions and the monthly remittance of the levies collected in bulk to the NCF account domiciled at the CBN by the fifth business day of every subsequent month,” the circular said
The apex bank added that this new levy will not be applied on transactions such as loan disbursements and repayments, salary payments, intra-account transfers within the same bank or between different banks for the same customer, intra-bank transfers between customers of the same bank.
Also exempted from the levy were inter-branch transfers within a bank, cheque clearing and settlements, Letters of Credits, Banks’ recapitalisation-related funding only bulk funds movement from collection accounts, savings and deposits including transactions involving long-term investments, among others.
This current implementation however is not sitting well with some netizens as they reacted to the new development.
Here were some of their reactions from X.
Finance
EFCC Chairman Tasks Nigerian Youths Against Crimes And Fraudulent Acts
The Chairman of Economic Finance Crime Commission (EFCC), Ola Olukoyede, has stressed the need for Nigerian Youth to see themselves as agents of positive change that have a lot to contribute to the socioeconomic development of the Nation.
Speaking at the 2nd edition of a Leadership Trainings Programme in Abuja, Olukoyede, who was represented by the Head Enlightenment and Re-orientation unit, (EFCC), Aisha Mohammed, said the commission’s dream is to see the youth contribute meaningfully to the society, emphasizing on the need to work together in bringing positive change to society.
The Economic and Financial Crimes Commission Boss declared the readiness of his agency to work with all Stakeholders, including the youth towards changing the narrative and reposition the country to greater exploit.
Also speaking, the representative of the Executive Secretary of Tertiary Education Trust Fund (TETFUND), Sonny Echono, appealed to the youths is to eschew social vices that could deter their full potential in life.
Other speakers at the event, including the Chairperson, Zero Tolerance for Social Immoralities Initiative (ZEITI) Africa, Rasak Jeje called on all stakeholders to join hands in collective pursuit of empowering new generation of leaders to curb the rising tides of social Vice among Nigerian youths.
The Chairperson, Zero Tolerance for Social Immoralities Initiative (ZEITI) Africa, Rasak Jeje made the call while addressing journalists at the 2nd edition of it Leadership Trainings Programme in Abuja on Thursday.
He said the training was aimed to intimate students leaders with knowledge and insights that will help them drive positive change and become exemplary leaders in their respective spheres.
Finance
AISA Has Refunded The Fees Paid By Yahaya Bello To EFCC
The Economic and Financial Crimes Commission (EFCC) says the American International School Abuja (AISA) has refunded the fees paid by the immediate past governor of Kogi state, Yahaya Bello, for his children attending the school.
In response to a letter addressed to the Lagos zonal commander of the EFCC, the school said $845,852 was paid in tuition “since the 7th of September 2021 to date”.
AISA said the sum to be refunded is $760,910 because it had deducted educational services already rendered.
“Please forward to us an official written request, with the authentic banking details of the EFCC, for the refund of the above-mentioned funds as previously indicated as part of your investigation into the alleged money laundering activities by the Bello family.
Since the 7th September 2021 to date, $845,852.84 (Eight Hundred and Forty-Five Thousand, Eight Hundred and Fifty Two US Dollars and eighty four cents) in tuition and other fees has been deposited into our Bank account.
We have calculated the net amount to be transferred and refunded to the State, after deducting the educational services rendered as $760,910.84. (Seven Hundred and Sixty Thousand, Nine Hundred and Ten US Dollars and Eighty Four cents).
No further additional fees are expected in respect of tuition as the students’ fees have now been settled until they graduate from ASIA.”
In a chat with The Cable, the spokesperson of the EFCC, Dele Oyewale, confirmed that the school has refunded the money.
‘’The money has been paid into public account,” Dele Oyewale was quoted as saying
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