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How to balance Business with Family and Friends

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Doing business with Family and friends always seems like a good idea, especially when you are just starting the business, until things go wrong. Have you ever wondered why businesses hardly sustain, and rich people's wealth are hardly sustained long after the rich people are dead and gone? Or you think Dangote is the first millionaire or billionaire in Nigeria? Ojukwu's father was one of the richest men in Nigeria back then if not the richest man. Moshood Kashimawo Abiola popular known as MKO was a very, very rich man back in the 80s and 90s. Dantata was a very rich man back then too. This is but a few of the many Nigerian millionaires back in the days. Where are they now? Some are dead, some still alive. But where is their wealth? Was it passed on? To who? Why don't we hear of them anymore? Here are a few things to consider when doing business with family and friends: 1 Define things Family and friends are good when it comes to business. In fact, they are major...

How to start a Business in Nigeria with any amount: 10 Steps

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Starting a business with any amount sounds pretty much like a lie. I mean, if we are to be realistic here, even to sell kola nuts or pure water, you need money to buy them first before selling them. So it’s not possible. Now that’s how an average person thinks. Well here is how you should think: if I don’t have the money, what I need is a good and feasible idea that can convince someone who has the money but lacks the idea, to partner with me for a period of time, or lend me the money for a period of time. Here is another idea I believe will work; you are reading this now because you have an internet access, and you most likely have eaten or will eat soon. Now, person weh no get money no fit buy data or see food chop. You didn’t get that, did you? I will explain further in the following points below By the way, to learn how to start a business in Nigeria, I strongly recommend you read about the things to consider before starting business in Nigeria . And if you have any que...

Three Level Folks

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There are three kinds of people in this period. I call them the First Level Folks the Second Level Folks and the Third Level Folks. You belong to one of these three. The First Level Folks are the general masses. In the name of StayAtHome, they lose themselves to sleep, to food, and to social media. First thing they do when they wake up is pick their phones, and you know the rest. They live life the way it is now, and cross their fingers to see what happens tomorrow, and then adjust to it, whether good or bad. The Second Level Folks are those who are doing something with their time, and enjoying the moment as well. Part of them are the WorkFromHome dudes. They keep busy trying to meet up with deadline. Anyways, work is more flexible, so they steal sometimes to stay updated with news and latest trend. They catch fun especially online. At least they are not just sitting and doing nothing. The Third Level Folks are those whose minds are running 100km every minute towards one par...