Recent Posts - West Entrepreneur Forum

West Entrepreneur Forum

Welcome, Guest: Join West Entrepreneur Forum / Login / Trending / Recent / New
Stats: 191 members, 200 topics. Date: Thursday 20th July 2017 at 05:46pm

Recent Posts

West Entrepreneur Forum Forum / Recent Post

(Page 1 of 20) (1) (2) (3) (4) (5) (..) (19) (20) (Last)

Sports Trading / Re: Make #50,000 To #100,000 Monthly From Football Betting With Ease by osro: Today at 04:14pm
Hi, I would like to have the eBook,
Obitopdawg@yahoo.com

Business Ideas / Top 10 Recession Proof Business Ideas To Start Today by ikoiikenna: This week on Tue at 04:51am

Are you looking to start a business but weary due to the recession? Do you have a great business idea you want to startup but wonder if you can successfully start during economic recession? What are the best recession proof business startup ideas? If you are asking any of the above questions then worry less, West Entrepreneur got you covered.

One of entrepreneurs nightmare is recession, it wrecks business, reduces the morale of entrepreneurs to startup new business. Recessions is often a time when thousands of people lose their jobs, it is usually a time marked with many layoff by business in a view to cut down on costs thus resulting in search for job security and recession proof business ideas.
What really is a recession proof business?

Recession-proof just as the name implies are business which still boom even in the most sluggish economy or those business ideas that can survive economic recession better than the lots, They are hardly affected by economic meltdown and they continue to trend or survive unscathed.
This post was inspired by the question one of my loyal readers asked and just like him if you are interested in knowing or starting a business which can stay strong during economic recession then here are the top 10 recession-proof business.

1. Food and Food Stuff Business
Irrespective of the economic situation, people must eat (man must chop). Starting a business that will offer healthy food stuff is profiting as it encourages people to cut down on expense.

2. Bakery
Snacks remain a must eat for all, people will always buy bread, they will always drop by for snacks and fast foods regardless of the economic trend.

3. Laundry service
Irrespective of the hard times, people want to still look good and clean and in such will always squeeze out some bucks for that.
recession

4. Security services
Out of frustration, during times of economic trials, people often look for a way to quick food, quick money and quick everything which in most cases becomes threatening to the next upper person around; thus people often need more security during this time for protection of properties.

5. Health Care Service
Regardless of the economic situation, people will always be in need of good professional health care attention. Health care services is one sector, irrespective of economic trends remain profitable starting a business in this sector is never a bad choice.

6. Contraceptives
Whether or not the economy is fine, couples still enjoy sex even without intention to have kids, teens also have casual sex and don’t want babies thus reason why there is huge market for contraceptives.

7. Cosmetics
Application of cosmetics has become a religious act (so to say). Infact, people (especially ladies) apply their facial and body cosmetics several times a day. Economic recession is no excuse for anyone to look ugly and thus people will always pay for cosmetic.

8. Garbage Collection
Though may seem a dirty job, the returns however is an immune to economic trend. People need to dispose waste and garbage but usually finds it difficult. Starting a garbage collection relieved this hardship and in returns relieves your pockets.

9. Repairs and Fix
During economic recession, people rather repair a broken item or fix them rather than by new ones. Thus repairs and fix services business is a lucrative and recess- free profit business.

10. Personals
Irrespective of recession, starting a business involving dating can help turn the tides. Regardless of recession people are always looking to make new friends, start a new date and ultimately get married. Providing a platform that allows people to do just this will remain rewarding.

Webinar / Webinar: How To Start Making Money On Instagram Today by ikoiikenna: Last week on Sat at 08:31am
One difference between the rich and the poor, Between the successful and the Failures, Between the average ad the nobody of this world in this generation is INFORMATION. Believe be when i say this, its information that keeps on in the light. Are you aware that just as you are spending money on Data to access the internet, others are making thousands if not million of dollar for this same internet. Now probably you mind is wondering away, please don't get it wrong this people are making this huge sums legitimately doing just simple things any-other person can do. However, its the information they have that is working for them.

They say what you don't know remains a Mystery, that couldn't be more true. while you spend just to chat, socialize and like images on instagram, people are making huge sums from instagram. Sorry if am being too tense stress this, its just that i was on the same both as you on, i was recently exposed to the earning potential of instagram to business and individuals that i became angry why i haven't know earlier.


Instagram has grown pass being just an image sharing or bookmarking site, She is now a force to reckon with, list of social network wont be complete without instagram on it. marketers are channeling resources to instagram, company create advertisement budget precisely for Instagram. instagram have over 100 million active daily users. So what is it for you?

Do you know that you can earn a thousand dollar daily on instagram? do you know you can turn that followers into a stream of income? more surprisingly you don't have to play any planks, you don't have be tech, you don,t have to do any hack, all you need is your usual mobile device and socializing knowledge and you will be on your way to financial freedom. There is huge opportunity for individuals to make money online from Instagram but the question now is how? well that why we are preparing this, we are putting up a webinar to this effect. You don't have to only spend on social media, its time you earn from it, others have started its time you do too.

It was a friend that learnt the process and improved on it for the past months that we now have a formula, however he is giving it out for 10k (occasionally ) but for all West Entrepreneur Members its free, but you will share your earning with us :) am joking. But Yes the WEBINAR IS FREE. it will take place on Westentrepreneur.com, the time will be communicated so i would suggest you join westentrepreneur.com/register if you haven't joined so you wont miss out. You will so thank me for this.

Foods / How To Start Pounded Yam Flour Production Business by ikoiikenna: Last week on Fri at 02:56pm
Why you might still be complaining of no money, many are smiling to the bank doing one business or the other. believe it or not there thousands of lucrative business one can start today and make huge profits. West entrepreneur is know for bringing to your knowledge some of this businesses and of such we will today through this article discuss how you can start Pounded Yam Flour Production Business and make high profits.

Yams are tubers which have white, yellow, or purplish flesh that have very minimal sweetness.its one of the widely consumed agricultural product in all states and country alike. There are different process of preparing yam of which Pounded yam is one of the most enjoyed by many.
However, the traditional method of preparing this pounded yam has made it a stress for many. but with the pounded yam flour many cant help but to enjoy themselves. outside the context of personal choice and demand for pounded yam, there are several health benefit of yam that has been revealed and has in turned increase the demand for yam. of this health benefits are:

1. Heals Skin Diseases & Cures Respiratory Problems Yam has been used as a traditional medicine in China, Korea and Japan for centuries as it contains allantoin, a cell proliferate that expedites the healing process when applied topically on ulcers, boils and other skin diseases. Its decoction is also known to stimulate and relieve bronchial irritation, cough and other respiratory problems.

2. Good Source of Vitamin B6 Yam is a good source of vitamin B6 which is needed by the body to break sown a substance called homocysteine, which can damage blood vessels walls. High levels of homocysteine can also lead to heart attack despite having low levels of cholesterol.

3. Supports Female Endocrine System Yam is particularly useful for menopausal women. It contains an enzyme that provides a natural alternative to hormonal replacement in women who have reached menopause.

4. Source of Energy & Antioxidant Yams contain complex carbohydrate and fiber which gradually slow the rate at which sugars are released and absorbed in the mainstream. Being high in fiber, yam keeps you full without putting on those extra kilos. Yams are also a good source of manganese, a mineral that aids carbohydrates metabolism and is very important for energy production and antioxidant defenses.

5. Helps in RBC Production & Improves Blood Flow The minerals present in yam also play major roles in the body. Copper is very useful for the production of red blood cells and improves blood flow in the body. Iron further improves the blood circulation in the body. Manganese is used by the body as a co-factor for the antioxidant enzyme, super-oxide diastase.

Skin Benefits of Yam

6. Delays Ageing Signs Yam has amazing anti-ageing benefits. It contains amazing skin-friendly nutrients like beta carotene Vitamin C, Vitamin B6 and antioxidants which can help to prevent wrinkles and other signs of ageing.

7. Face Packs Boil some yam and leave aside to let it cool. Mash it properly and add a dollop of honey. Apply it all over the face and let it stay for 30 minutes. You can also soak your feet in the boiled water to calm and relax your feet. Cut slices of your yam and place them on your eyes. Tubers have natural bleaching properties which help to reduce stubborn dark circles and rejuvenate the eyes and treat wrinkles as well.

Hair Benefits of Yam

8 Promotes Hair Growth Yam is considered as an excellent source of natural health promoting compounds like antocyanins and beta carotene. It also contains Vitamin A which is highly beneficial for cell growth, including growth of hair. A deficiency in beta carotene can lead to dry, dull and lifeless hair which flakes off into dandruff.

9. Prevents Premature Hair Greying Yam will also prevent premature greying as it contains a good amount of Vitamin B6 which creates melanin and gives the hair its colors.
We can go on and on telling you the benefits but that outside the scope of this article. considering this above health benefits which has invariably increased demand for yam products over the years thus making money for all entrepreneurs who have invested into yam production business.
well, its not yet late, actually now is the best time to invest into this business, recent research on this topic has revealed to be a fertile ground for any to invest into.

Gone are the days wives/mothers will work literally hours just to prepare pounded yam, actually, nobody does it again only few in the rural areas, they people now prefer buying pounded yam flour which ensures quality and delicate pounded yam meal but saves them the original stress of preparing it. if you are interested in starting this business follow and reply to this thread as more information with detailed business plan will follow soon.

Registration/Licencing / Re: How To Obtain An Export License In Nigeria by ikoiikenna: Last week on Fri at 02:00pm
Obiinono:Hi, please do you need any sort of license from the foreign host country to import goods into theirs.. Agricultural products to be specific.


Good day sir Obiinono, if i get your question right, No you don't need any license to import into another country say you intend exporting from Nigeria to USA, you don't Need a license to import from Nigeria in the USA. However, As an importer you must assure that your merchandise complies with the regulatory agencies requirements (e.g., FDA, EPA, DOT, CPSC, FTC, Agriculture, etc.) and obtain licenses or permits for a product, if required, from them.

Hope the answer Helped?

Registration/Licencing / Re: How To Obtain An Export License In Nigeria by Obiinono: Last week on Fri at 01:25pm
Hi, please do you need any sort of license from the foreign host country to import goods into theirs.. Agricultural products to be specific.

Sports Trading / Re: Make #50,000 To #100,000 Monthly From Football Betting With Ease by ikoiikenna: This month on Sat 08 at 07:53am
Check your email we have sent it to your email. questions or clarifications you can open a New thread. thanks

Agriculture / How Profitable Is Pawpaw Farming Business In Nigeria by ikoiikenna: This month on Sat 08 at 06:25am

How you ever wondered how profitable is pawpaw farming business? below is a complete guide on How to Start Commercial Pawpaw Farming In Nigeria

With the unpleasant Economic recession in the country, many now embrace agricultural farming as a lucrative source of income. However, amidst this number, the majority still give little or no consideration to commercial pawpaw farming for profit. Pawpaw Farming in Nigeria for long has been seen only as an integral fraction of our farms; many farmers only plant one or two pawpaw tree either for personal use or for family consumption.

Recent research shows that we have for long-neglected a lucrative source of income due to our negligence to pawpaw farming business for profit.
Pawpaw plant is a tropical plant usually found in tropical climates which bear pawpaw fruits also known as Carica Papaya.

pawpaw-treeThe papaya fruit is highly known and consumed due to its medicinal and health benefits. Papaya fruit has low calories content, contains no cholesterol and is a rich source of photo-nutrients, minerals, and vitamins. Papaya is usually preferred over other fruits because of its soft, easily digestible flesh which has a high amount of soluble dietary fiber that assists in normal bowel movement thereby reducing constipation. Ripe papaya provides high vitamin C than any other fruits (Orange or Lemon) and thus regarded as an immune booster and anti- inflammatory agent.

The medicinal and health benefit of eating Papaya are such that leads to the high demand of this delicious fruits by many, also pawpaw is demanded in fruiting company, beauty products company, hotels and restaurant and this high demand turn to be profit for the Commercial Papaya investor.
Are you looking for a farming business to invest into with little or no startup capital and have a high return on investment within a short period? Then you should consider pawpaw farming business. Pawpaw farming has a huge market in and across all tribes, states, and countries. Startup requires little or no capital and surprisingly easy to start up and manage.

Read Also: How to Start Potato Farming Business => www.westentrepreneur.com/434/start-a-potato-farm-business

HOW TO START
The First Step to start this lucrative pawpaw Farming business is to get a land composed of the right soil for pawpaw cultivation. A good preferred soil is a mixture of sandy and loam soil [but generally, Nigerian northeastern soil is also good], however, avoid water logged areas and rocky lands.

Get Seeds- Propagation
Propagation of papaya tree is via seeds. There are options to explore at this stage- either to buy already prepared Agric pawpaw seeds or prepare them yourself. Preparing or getting a pawpaw for planting simply involves getting seeds from ripped and fully matured pawpaw fruits then sun dry them. Either option can be explored but in each case ensure getting good species for planting.

Varieties/Species
There are many varieties of pawpaw, but mostly cultivated variety is the Red flesh and the yellow flesh. The ones with yellow fresh are regarded to be the best due to its big size, taste and long shelf life.

Raise Seeds
Due to some reasons in addition to the fact that pawpaw tree is a delicate plant, one is advised to plant seeds directly in the intended place while leaving a 5-meter gap in between holes. But with good knowledge of transplanting and nursery, one can initially and temporarily create a nursery bed prior transplanting. The best practice is to use big nursery bags, packed full with a mixture of sandy soil, loam soil, and manure, and then introduce two seeds per bag. Ensure seeds are located at the center of each bag to avoid damage to the roots during transplanting. Mulching, Watering, fertilizing is done for the first two months after which they are due for transplanting.

Note: Chemicals needed at this Early stage
· Vegimax- a fertilizer for healthy growth
· Dudu cypher- insecticide to killing insecticides.

Transplanting
Assuming you planted firstly in nursery bag/nursery beds follow the below steps to ensures safe transplant, proper growth, and maximum fruiting.
To transplant- dig 10ft holes inline but 5 meters or 10ft apart. Please note this spacing is highly recommended to ensure good exposure to sunlight and to avoid pawpaw trees from just growing tall with poor fruiting. 250 pawpaw trees are recommended for one acre of land.

Inspection and Weeding
Just like most farming, weeding and inspection of the farm are advised. The wedding is of high importance at this stage to avoid competition for food, space, water, sunlight between the pawpaw tree and the weeds which may cause poor fruiting.

Read Also: How to start cucumber Farming business and Make Profits=> www.westentrepreneur.com/406/cucumber-farming-in-nigeria

Harvesting
Pawpaw matures very fast, harvesting commence exactly at 9 months after planting. Though at this stage, the harvest is still low or scanty, as they are yet to reach full production. But when trees are between 12 months to 18 months harvest is high and at its apex.

Sales
As early mentioned, the market for pawpaw is very huge and the demand is high, the sale of harvest can be guaranteed. Also one can start a fruit processing factory too, to make even more from this business.

Challenges
The challenge of this business is minimal. However, one that must be noted is the need for good preservative means to avoid perishing of harvest as pawpaw are prone to perish.

Pets and Disease
A major disease of pawpaw is the fungal diseases which are known to damage the leaves.
Control- Spray with Dythene or Dudu Cyper.
Conclusively, Pawpaw farming is a lucrative business for any investor.

Registration/Licencing / How To Obtain An Export License In Nigeria by ikoiikenna: This month on Wed 05 at 06:27pm
In our previous post, we discussed extensively on the opportunities in exportation business and we even gave our free business plan/ feasibility report on it to get you started.
As a follow-up and in answer to some of your questions, we will be discussing the practical step by step guide to obtaining an export license easily.

Exportation business remains lucrative irrespective of the type of product you exports, whether an Agricultural product like better Leafs, better kola, soybeans, Crayfish, catfish, etc or you choose top export Mineral products, the earning potential is high. However, if you intend starting and export business on a large scale then the need to obtain an export license from the regulatory agencies becomes mandatory.
An Export License provides legal coverage for you and your exportation business and enables you to export governmentally approved export commodities.

In Nigeria, there are basically two approved government agencies commissioned to issue an export license and they are:-
Nigeria Export Council and
Federal Ministry of Solid Mineral Development.
For agricultural products and commodities, Nigerian export promotion council is the regulatory body commissioned to issue an export license. But if you intend exporting only mineral products then you need head over to Federal Ministry of Solid Minerals development as they are responsible for licensing.

Registration process:
The registration process takes a little longer time than registration with C.A.C but fairly easy when you have all the requirements which include:
- Certificate of Business- this is your certificate of business registration with Cooperate Affairs Commission. The company you intend to get a license for must be fully registered.

- Fully Filled Registration Form: - Have applied you will need to duly fill out the form given to you with you full credentials
- Processing Fee: - this is the fee required for first time registration.
With this above requirement, you can head to any office of the ministries mentioned above to start the process.

If you have any question please feel free to ask. West Entrepreneur is a forum thus your question or contribution are highly welcomed.
How clear was this? If not well this is a discussion forum. Click on the reply button below to ask your question or better to add your contribution. However, if you are not seeing the reply button or you are seeing if but it’s not working it means you are yet to join West Entrepreneur. So quickly join to join the conversation or start your own thread. Use the link: westentrepreneur.com/register

Healthcare & Medical / How To Start A Pharmacy Business In Nigeria by ikoiikenna: This month on Tue 04 at 11:38am
Running a pharmacy in Nigeria is one of the most profitable business ventures anyone can invest into. The demand for drugs in Nigeria is high and on steady increase thus making pharmacy business a lucrative business. Below in this article, our purpose is to show how lucrative pharmacy business is and how you can start your own pharmacy business in Nigeria with ease.
Basically, there are two categories of pharmacy. One is the Hospital pharmacy which is funded by the respective hospitals which is found and it’s aimed at providing the immediate drug needs of the hospital. Second is the community pharmacy which is founded by individuals or private groups, usually located outside hospital premises and provides for the drug need of the general public. In this article, starting and running a business solely point to the community type of pharmacy.
Please note: Unlike the most business that anyone can start, run and manage to his or her own standards, pharmacy business/ legitimate sell of drugs is highly regulated by regulatory bodies and in this case of Nigeria by Pharmaceutical Council of Nigeria (PCN).
Haven said that let's dive in….

How to Start A Pharmacy Business In Nigeria
There are two ways you can start a pharmacy business in Nigeria today, namely:-
- Starting under a known and established Franchise
- Starting up on your own ( under your Name)

Starting A Pharmacy under a Franchise
If you don’t want to go through the rigorous process of registration, inspection, and approval laid out by PCN, this then becomes an option. You can start up your pharmacy under a fully registered and accredited franchise. This basically involves a partnership with the already established partners.

This startup process has its advantages as well as disadvantages. One of the advantages is that you will enjoy high patronage as more customers are likely to patronize an already existing brand name they know than a newbie. The only thing you need do is have the fund to stock your store and enjoy profits provided you keep to the terms and conditions backing your partnership.

Starting you own Pharmacy
If you are concerned about making a name for yourself as opposed to just making profits, then this is definitely your shot at starting up a pharmacy business. However, you will need to meet all requirements and go through all the registration process as mandated by PCN.
Let Get the Breakdown Here[b] - As stated earlier, pharmacy business is fully regulated by PCN and as far as PCN is concerned only trained and certified pharmacist is authorized to open a pharmacy business. Nevertheless, if you have the fund and would want to go into this business, you will then need to hire or employ a trained pharmacist with a license to oversee the administration of your pharmacy or you can go into partnership with one.

If you have put the above in place the next step is:

[b]1. Register your Business

In this business, legitimacy is mandatory. Thus, to start you will need to register your business with the appropriate regulatory bodies. First with Cooperate Affairs Commission and then with PCN.

2. Raise the Required Capital
Depending on the scale you want to startup on, ensure you get the capital that will help you get stock supply, rent an apartment, install the necessary fittings, upset bills and pay workers.

3. Choose a Location
Since you will be dealing with the most sensitive product, a good location is recommended. Choose a location that meets up the requirement stipulated by PCN and remember to choose a location near business roads, near residential homes or more preferably near hospitals, clinics, and health centers.

4. Secure your Stock
You will need to, based on your location get supplies of stock. This is a crucial stage and needs to be done right as it helps determine success or otherwise failure of your business.

5. Hire Trained Staff
This point can’t be over stress, endeavor to hire trained health professionals with good communication skills that will dispense just the right medication at any given point or situation and also communicate friendly with your customers.

6. Advertise you Business
Setting up your pharmacy store is but only a step not the success on its own. So endeavor to advertise your business. Get the world to know about your business. Advertise directly through word of mouth, mass media etc and also indirectly through quality customers service that will make your customers come back and also spread the news about your business.

How clear was this? If not well this is a discussion forum. Click on the reply button below to ask your question or better to add your contribution. However, if you are not seeing the reply button or you are seeing if but it’s not working it means you are yet to join [/b]West Entrepreneur[/b]. So quickly join to join the conversation or start your own thread. Use the link: westentrepreneur.com/register

Business Advice/Tips / Reasons You Need A Mentor And Role Model For Entrepreneurial Success by ikoiikenna: This month on Tue 04 at 05:40am
Many of our young Entrepreneurs has made some mistakes in the past, while some are about to make the same mistake, but after reading this I believe that your life as an entrepreneur will be made easy and positive. Most mistake entrepreneurs make are mostly because there is no one to guide them. Mistake whether seriously or costly can be turned around sometimes, but I don't believe the mistake is costly because only a fool will say he has not made any mistake before. A wise man once said if you don't make mistakes, you don't learn anything new What makes one a strong person is not running from your mistake, but the ability to correct it and make sure you learn from it and also avoid it in the future.

It is said that we exist in the era of tattered information even while we live in the village of technology. Young Entrepreneurs are not interested in the necessary information but that which will keep them off the track. Any Entrepreneur that wants to be successful in life, have to find out the way which people that have in time past successes, the challenges they faced, where they failed and what brings about the failure. If it is successful then use their good results to embark on their own journey of life.

Who is a Role Model
If you ask many of our young aspiring entrepreneur who is your role model he/she will give you just call names. A role model is a person who serves as an example of value, attitudes, and behavior associated with a role. This means that your role model must be like the dreams you have in life. Know at least 70% of your role model and that will help you strive positively. For instance, one who wishes to be an entrepreneur must look up to the successful entrepreneurs and know how they get to the top.

Who is a Mentor
While we talk about a role model, we must not forget the importance of a mentor because of they both works together. A mentor is someone who guides you, advise you and encourage you. The biggest problem of Young Entrepreneur today is that nobody wants to ask necessary questions or get the right information from the right person. Young Entrepreneurs most times get carried away by the enormity of their dreams and consent to feeling too big to ask people that can help them with good advice, one will say what does he/she has to offer. Believe me when I tell you that most times the people you never like tells you who you are and how to be successful.

Mentorship is of two types, the one that advice you and guide you in the field your choice and the one who will help you in your spiritual life. A mentor has the experience more than you so he/she is in a better position to advise you in whatever you embark on.

In conclusion, as a young and aspiring Entrepreneur find a role model you look up to and a mentor who advise you positively. Be successful as you put this in practice.

W.E/General / Ways To Become A Millionaire While Working For Someone Else by ikoiikenna: This month on Mon 03 at 11:17am
You’ll never get rich working for someone else, or so they say. Many feel the risky, adventurous life of an entrepreneur is the surefire pathway of becoming a millionaire but what if you're happier and more comfortable working for a boss who pays for your medical insurance?

According to some estimates, if you’re considering becoming an entrepreneur you’ll have to make 35 percent more than your current salary to fully replace the income a day job brings in each month. For someone with a family to support, leaving the safety of a salaried position is risky, even if it might be more lucrative down the road.

If you’re set on becoming a millionaire, but you also want the security of working for someone else, here are a few options to consider.

1. Earn partner status.
Partnerships aren’t just for law firms. Look for a small business or startup where you have a shot at becoming a business partner at some point. While many business owners either choose to form a partnership or sole ownership from the start, a small business founder can definitely change that as a company grows.

If you work hard, bring certain expertise to the table and show your leadership capabilities, take the opportunity to pitch the idea of joining your boss in running things. That could lead to a much larger share of revenue over the following years -- even eventual millionaire status. That kind of thing certainly won't come as quickly if you shy away from daring to become a leader at your company.

2. Take stock options
Stock options are usually negotiated during the job interview process. Find a company that offers stock options, even if the salary is a bit lower. This consideration has become very popular in the startup world of Silicon Valley. Talented candidates want to know how long it will take their options to vest before they sign on with a company.

All that aside, it’s important to understand the harsh reality that stock options rarely make employees millionaires by themselves. There’s no guarantee the company will ever be acquired or go public, and the odds are that you won’t receive millions in the deal even if it does. Consider this as an investment, among others you might make in the stock market or real estate market.

3. Live below your means
The less you spend, the more you have in the bank. You can’t save money if you’re spending too much of it consistently. The entire theory behind “the millionaire next door” is that many of the wealthiest people are living well below their means.

This may amount to years, or even decades, of living in a small house or driving a used car but if it pays off later, it’s well worth it. In some cases, saving money is actually better than earning more money, especially when you remember you have to pay taxes in April and it helps to have money in the bank for that.

4. Invest Wisely
Navigating the stock market can be tricky. It’s also a way to quickly increase your income, provided you know what you’re doing and you have the extra time and energy to devote to becoming good at it.

Many entrepreneurial-minded people are skilled at spotting a solid business concept and putting their money into it. They keep an eagle eye on the performance of a wide range of different stocks and industries, much the same way a football fan might pore over stats and standings of their fantasy team.

If you’re completely clueless about the stock market, put serious time into finding a financial expert who can direct you on the best investments to reach your goals. Once you have the extra income, you can also consider investing in real estate or rental properties to boost your monthly earnings.

5. Take over the business
Eventually, the business owner will retire or move on to other ventures. That could be your chance to shine.

If your business owner isn’t even close to retirement age, look for the possibility that he or she may someday want to set the business aside to work on other ventures. Throughout your tenure with the company, showing you have the passion and work ethic necessary to run the business in the current owner’s absence. If you’re a trusted employee, chances are you’ll get more and more responsibility for leading the company as the years progress. If you can’t imagine wanting to take over the business you currently work for, consider exploring a different field.

6. Start a side business
Once your day job ends, your side hustle should begin. With today’s technology, you don’t have to invest in a physical office and a team of employees to start a new business.

Keeping your job and becoming a millionaire may mean toiling away night after night to build your client base to build a steady revenue flow so you can leave your salaried position behind someday. Make sure your side business doesn’t pose a conflict of interest to your day job while you still rely on it to pay your bills.

Few millionaires are made overnight. It takes years of hard work and forethought to reach that type of income level. Like most people, if you want to generate more money, you’ll need to do it while you’re working for someone else, at least at the start. Keep in mind just how much work it is to set up a new business, learn what your customers want as well as create a product or service that matches that.

Sacrifice is the name of the game and it’s not right for everyone. It’s still attainable though, as long as you stay disciplined, think quickly and persevere over the long haul.
Source: www.entrepreneur.com/article/296361

W.E/General / Top Business Quotes About Hard Work From Top Entrepreneurs by ikoiikenna: This month on Mon 03 at 07:58am
Building a company from the ground up and successfully running it is hard work. Without the right work ethics your business will never thrive and grow.

1.“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.”
– Vince Lombardi, executive, head coach, player NFL

2. “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”
– Steve Jobs, Co-founder, CEO, Chairman Apple Inc.

3.“If you’re passionate about something and you work hard, then I think you will be successful.”
– Pierre Omidyar, founder, and chairman eBay

4.“Make every detail perfect and limit the number of details to perfect.”
– Jack Dorsey, founder Twitter

5. “Ideas are easy. Implementation is hard.”
– Guy Kawasaki, co-founder Alltop

6.“I never took a day off in my twenties. Not one.”
– Bill Gates, co-founder Microsoft

7. “So often people are working hard at the wrong thing. Working on the right thing is probably more important than working hard.”
– Caterina Fake, co-founder Flickr

8.“It is always the start that requires the greatest effort.”
– James Cash Penney, founder and CEO J.C. Penny

9.“If hard work is the key to success, most people would rather pick the lock.”
– Claude McDonald

10. “Have the end in mind and every day make sure your working towards it.”
-Ryan Allis, co-founder and CEO iContact

11. “The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer not a dreamer.”
-Nolan Bushnell, founder Atari and Chuck-E-Cheese’s

Manufacturing/ Production / Footwear Manufacturing: Start A Palm Slippers Manufacturing Business by ikoiikenna: This month on Mon 03 at 07:36am
Re you looking for a Lucrative business to start today with minimal capital but still enjoy huge profit? if yes have you considered investing into footwear manufacturing business? of which you can specialize in palm slippers production.
Well, through this article and subsequent articles we will provide you with detailed information on how to start this lucrative business.

Palm slippers are important foot wears because apart from protecting out feet from harmful objects, they add beauty to our mode of dressing. It has become fashionable among not only ladies but also men of nowadays. Based on observations and interviews, it is clear that to most Nigerians, their footwear is an extension and expression of themselves. There are strong gender differences, with women being more alert to the symbolic implications of slippers than men. Foot wears affect our perceptions of others and our perceptions of self, including our passage into adulthood. Among the magical transformations, we attribute to palm slippers is their ability to supercharge our athletic performance. Not only is footwear an extension of self, it also acts as a repository of memory and meaning in our lives.

With the vast population in our country and the increased preference of many for footwears, how lucrative do you think this business is?
let us consider this:

How often have you walked outside the house without any footwear? Look around you, how many people around you are without any footwear? Nil! Right? Now calculate this In reference to the 40 million population of Nigeria, its then obvious that everyone loves and must be on footwear almost all the time and of this all these people no one of them makes his or her own wears as its produced by footwear production firms in Nigeria and across and this is where you come in.

Mores Specifically, How many palm slippers do you have in your possession, how many have you used before now? How many do you have now? how many are you still planning to buy?
Am sure all were bought, how much did you spend on them? Assuming the 40 million population owns just of the same number for the same amount as yours and all this is produced by your own footwear production firm/company? Will you become the next rated millionaire?

Palm Slippers production is a profitable business idea for as many that would want to start a profitable home business should seriously consider starting the production of palms slippers.
Everybody must wear one or two palm slippers each day and this is the reason why footwear production firm around the world are growing, expanding and enlarging their horizons on daily basis.

By now am sure you are now seeing the huge opportunity in this business, well if you want to start and would want more detail information on it kindly drop your questions or inquiries and we will quickly get back to you.
Most importantly, we have prepared a good detail business plan and feasibility report on this which you can easily access.

So where do we start?

Sports Trading / Re: Sports Betting Tips: Ways To Double Your Winnings! by software77: Last month on Mon 26 at 04:14pm
Ikoiikenna:Tips for the Weekend

Its another weekend of great sporting action. It is also a great opportunity to make some cash from predicting outcome of matches. I will be sharing a few tips which update will be posted at the end of the games. These tips are provided by highly experienced punters from around the globe.

One important fact every punter or predictor should know is that you do not need to combine too many games except you want to depend on luck which the probability of winning is below zero.

Every weekend, except a few games between 4 - 5 odd.

Read here: Make #50,000 To #100,000 Monthly From Football Betting With Ease =>www.westentrepreneur.com/364/make-50000-to-100000-monthly-from-football-betting-with-ease

Warning: Always bet with what you are comfortable losing and must be 18+ to play.

I've lost too much thank God I found this.. Olubodejuwon@gmail.com

(Page 1 of 20) (1) (2) (3) (4) (5) (..) (19) (20) (Last)

(Go Up)


Links: (0)
West Entrepreneur Forum - Copyright © 2017 Ikoi Abode Ikenna. All rights reserved.
Disclaimer: Every West Entrepreneur member is solely responsible for anything that he/she Post or Uploads on Westentrepreneur