Category:
Red Stories

A total of "44" articles from this category.
Creating a Positive Working Environment
Oct 6th

Creating a Positive Working Environment

A positive work environment greatly influences how a person feels about their job, the people they work with, and the organisation they work for. When the environment is set right, they are motivated to be more productive and respond well to the leadership. And trust me, it is good when your staff work with more than obligation in mind.

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Sales Funnel
Oct 6th

Sales Funnel

Every business has a sales funnel. Every business has a unique process customers follow when they come in contact with the business to the point of making a purchase. And it is necessary to identify these stages and employ practical strategies to make the transition from one stage to another smooth for your prospective customers.

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The 5 Stages of Negotiation
Oct 5th

The 5 Stages of Negotiation

There is no shortcut in conflict resolution. You have to cover everything and settle everything. Because if you don’t, you have only succeeded in creating more conflict. And it is why negotiation must be as thorough as it can get. You have to cover everything.

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Why Innovate?
Oct 5th

Why Innovate?

There is this saying that the devil you know is better than the angel you don’t know. You have probably heard it too. It remains a relevant piece of advice in our lives today. But I have also come to understand that this advice is not for every situation, particularly in business.

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Preparing to be Challenged
Oct 5th

Preparing to be Challenged

Challenges are real, and they can be very hard. They are also unavoidable, but they can be managed, well managed, especially when expected. To help you have a balanced picture, here are five areas you are likely to face challenges. And you better prepare well for them.

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The Payment Checklist
Sep 30th

The Payment Checklist

E-commerce has now officially attained the status of Normal in most parts of the world. However, security remains an issue of great concern to many of us. Is my money safe? Is my information safe? Am I safe?

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A Quick Look at Resource Management
Sep 3rd

A Quick Look at Resource Management

Every organisation has its goals, objectives, and values. Resource management helps to align every resource to achieving these goals and representing their values to the public. It answers the question -what you have at hand and what you can do with it to get the best result for your business?

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Four Methods of Payment you Should Accept for your Business
Sep 3rd

Four Methods of Payment you Should Accept for your Business

Money is a tool of value exchange that is recognised and accepted everywhere in the world. One can safely say every business deals with money. Every business sends out and receives money. Every business expects their customer to pay them money in exchange for their products and services.

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The Startup Checklist
Sep 2nd

The Startup Checklist

The initial stage of launching a business can be exciting and overwhelming. There are many things to consider, many things to plan, and many things to learn. One of the many things that can kill your business on arrival is underestimating what it needs to kick off.

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Why do Businesses Fail?
Sep 2nd

Why do Businesses Fail?

This question has been asked many times, and we are yet to see the last of it. It is a question with so many answers. Every time one business comes crumbling down, we have a new lesson to learn on things to be done and to avoid. And yet, in the abundance of these lessons and examples, businesses are still failing. Why?

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Risk Management
Aug 5th

Risk Management

Every business decision comes with a risk. So it is not about just wanting what is best for the company. That desire itself is a risk because it is at the cost of something that can backfire or not go as planned. Risk is the probability of a negative outcome in a thing, and every investment comes with a level of uncertainty.

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Tips for Preparing a Good Budget
Aug 4th

Tips for Preparing a Good Budget

Budgeting is optional when it is for your income, but not when it is about running a business. Budget is an essential guide in managing your business finances and maximising available resources. For your business, the budget goes beyond writing out numbers on paper, it is a tool for maintaining financial health.

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Understanding Risk
Aug 3rd

Understanding Risk

We can make predictions of what to expect based on the factors around and not around. But even with all the pointers, precedence, and guides, there exist a possibility that it can end up as something a little different or entirely unexpected. That possibility, notwithstanding how little, is the risk. And it is present in everything.

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Effective Debt Management
Aug 2nd

Effective Debt Management

Nobody starts their business intending to end up in debt. It goes beyond managing your finances properly and doing every other thing right. An unforeseen situation can arise anytime and throw you off balance, for example, the lockdown. Who would have thought anything would keep us in for that long in this century.

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Change Management
Aug 2nd

Change Management

Change in consumer behaviours demands a change in your products. Change policies demand change in your structure. Emerging technologies demand changes in your operations. Hence, Change management.

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A Little of Everything
Jul 9th

A Little of Everything

You have probably heard the saying -Jack of all trade, Master of none. I have always heard it for as long as I can recall. Well, it is correct and has been proven so in the lives of many rebels. But what if we have taken it to heart a little too much? At becoming the Master of one, are we required to ignore every other field?

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Product Evaluation
Jun 30th

Product Evaluation

A lot of things can go wrong with a new product. As people interact with the product, glitches that were not apparent during design and development will appear. Consequently, there will be the need for modification and eventually the development of a new product.

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Seven Ways to Learn From Your Customers
Jun 29th

Seven Ways to Learn From Your Customers

Customers are what makes a business a business. Without customers, your business is best a hobby - a boring one at that. No business can continue to exist without customers. And that is why it is imperative that businesses not only work on retaining customers but also on acquiring new ones.

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Customer Experience
Jun 29th

Customer Experience

Customers expectations have moved beyond great products to include great experiences. People do not just want to get value, they want to have a great experience. And it is not a one time or first impression thing. It is a journey in which every interaction plays a vital role in the overall experience.

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Fintech For You - choosing the right provider
Jun 2nd

Fintech For You - choosing the right provider

The Fintech industry is no longer just a backend industry that makes our lives easier without directly interacting with it. It has become an essential industry for seamless daily financial activities - personal and business finances.

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Gift Cards in Nigeria
Jun 2nd

Gift Cards in Nigeria

Have you ever wanted to get someone a gift but spent the entire day running through a list of suggestions and not arriving at what to give? Then you think of a cash gift, but the cash seems so little, or you are not sure how they will react to getting a cash gift. Pretty much everyone has had these struggles - the perfect gift dilemma.

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Facing The Giants - successfully competing with large corporations
Jun 1

Facing The Giants - successfully competing with large corporations

Businesses fail for a lot of reasons. The easiest part of a business is starting it. You may disagree, but when you consider the number of companies that open and how fast they close, you will realise kicking off the business was the least of the work they had to do.

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Cashless Economy - a mirage turning reality
Jun 1

Cashless Economy - a mirage turning reality

With the digital revolution across all industries, it became clearer what the world will look like without as much cash flying around. The emergence of Fintech, which birthed Card technologies, mobile banking services, and digital currency, further reinforced this.

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Social Media For Your Business
May 6th

Social Media For Your Business

A significant amount of communication goes on social media platforms. And recently, business transactions have found their way to these platforms. People not only connect with people but are also open to connecting with businesses on the Platform.

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What Are Your Financial Goals?
May 6th

What Are Your Financial Goals?

While Financial goals are often discussed with respect to our finances, it is a principle that also applies to starting and running a business. It is the scale by which you can effectively measure your financial growth as a business.

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How Reading Makes You Better At Business
May 5th

How Reading Makes You Better At Business

Running a business is not a leisure break. It is not an escape from the demands of life. Running a business, a successful business is a train of deliberate efforts at self productivity and work effectiveness. From starting in your garage to becoming the CEO of a multi-national are pages of books, magazines, newspapers, journals, waiting to be read.

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Innovation - Knowing What Trends To Follow
May 5th

Innovation - Knowing What Trends To Follow

Every industry is now miles away from what they were a few years ago, with some Industries even coming together to form new ones. As in the coming together of the Finance industry and Tech industry to birth the Fintech industry. Even the Tech industry only came to life a few decades ago. This is how fast things are evolving.

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Why Professional Development?
May 4th

Why Professional Development?

One thing we should be scared of becoming in life is dormant, not growing, not retrogressing. You're going to appear enough and have enough until it is too late. And it is the same with having a small business to running a corporation. The need to grow is not only a legitimate but an essential continuous need.

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Making Investments: The Ponzi Scheme
May 4th

Making Investments: The Ponzi Scheme

The need to make money, get your money to make money, make money while your sleeping is a legitimate need. It is a clever choice even. But none of this matters when your choice of investment is a Ponzi Scheme.

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Four Components of a Healthy Financial Plan
Mar 31st

Four Components of a Healthy Financial Plan

While vision, mission, and goals can drive the quality of products and services they put out, money is what they get in exchange for it. Money is crucial to your business. And the moment it's not coming in as it should, it becomes a problem to sustain everything else - products/services, staff, assets.

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Five Types of Fintech Companies You Should Know
Mar 30th

Five Types of Fintech Companies You Should Know

Over the last 15 years, Fintech has grown to be a principal part of our finances. Well, our lives. Though it sounds like something distant, it is an industry we interact with every day. Several businesses have already partnered with Fintech companies, and there is a long list of those still considering it.

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Why You Should Know Your Customer
Mar 30th

Why You Should Know Your Customer

For a few years now, the trend has been in favour of online trading. People are becoming more tech-savvy and are moving with the flow of the digital market space. However, this expanding online market ushered in a fresh concern and responsibility for businesses - customers identity.

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The Role of PSP in Building A Sales Relationship
Mar 30th

The Role of PSP in Building A Sales Relationship

Sales are more than a value exchange between you and your client. It is a relationship that starts right from the point of contact. Regardless of who makes contact first, the responsibility of building the relationship to guarantee continuous value exchange lies heavily on the business/service provider.

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Managing a Financial Crisis in Business
Mar 30th

Managing a Financial Crisis in Business

Running a business is a full-blown circle of ups and downs. There will times of bloom and times of crisis. One of such is in the area of Finance. Money is at the core of every business. So, a financial crisis is such that, if not correctly handled, it could lead to the company closing its doors.

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Get a formula - Pricing for your Business
Mar 29th

Get a formula - Pricing for your Business

Profit might be on your mind from the first minute of production. But, Pricing, which comes last, is what guarantees you that profit. Well, unless, of course, you are "doing it for the people", not profit. Either way, you don't want to run into a loss. And you must give this process the right amount of attention to keep your business afloat.

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Five Ways Fintech Enhances Your Business
Mar 29th

Five Ways Fintech Enhances Your Business

With recent innovations resulting in the ‘blending’ of two giant industries - Finance and Technology, a lot has changed. A lot has improved in the way businesses are running. Consumers are gladly embracing it for the swiftness and effectiveness with which they can do things that would have taken them hours in the traditional banking system.

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Credit Card in Nigeria
Feb 26th

Credit Card in Nigeria

I’m sure you have heard the term 'Credit card' before. You're probably about checking your ATM card right now. The one you have at hand is called a Debit card. While a Credit card looks the same way and is of the same size, it is different in terms of what it gives you access to. Yes, it is to money, but a different kind of money.

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Cardless withdrawal - safer withdrawals with Redbiller
Feb 25th

Cardless withdrawal - safer withdrawals with Redbiller

ATM cards seem like the perfect invention to deal with fraud, get your money whenever you need it, and even better, from wherever you need it. It was a timely invention you will agree with me. It holds what seems like an almost inexhaustible list of advantages. But is it that safe?

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Cash versus Credit card spending - giving up the money weight.
Feb 17th

Cash versus Credit card spending - giving up the money weight.

Cash payment remains the primary and most popular form of payment in Nigeria, as with the rest of the world. But it is worthy of note that more and more people are embracing card payment, especially since it has the support of vendors and service providers.

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Online Payment Challenges: Why Should Businesses Care?
Feb 1

Online Payment Challenges: Why Should Businesses Care?

Online payments have been hitting incredible milestones over the last decade, with businesses going digital and exploring various payment methods. With this exciting development, fraudsters are constantly looking for ways to hack into accounts and carry out unauthorized transactions, making security a serious problem for every business.

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Phone Number Verification Service
Feb 1

Phone Number Verification Service

Know Your Customer, popularly referred to as "KYC" has always been an integral component in the success stories of online businesses, especially now when insecurities are on the rise and customers are not really who they say they are.

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Multiple Ways To Verify Your Customers' Identity
Feb 1

Multiple Ways To Verify Your Customers' Identity

These days, many online businesses are now more than ever, actively in search for effective ways to seamlessly conduct KYC on their customers, either before onboarding them or before extending more control over to them to effectively carry out their activities, most especially when these activities in question revolve around payments.

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If it's free, don't take it!
Jan 27th

If it's free, don't take it!

Whatever it is you are getting, there is something you'll be required to do in return. While some of the things can be as harmless as just typing the brand/ item name, you should know it can be as harmful as costing you profit. And on the long run loyal customer, without even appearing to have done or still doing so.

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Just grow your business, everything else will fall in place!
Jan 27th

Just grow your business, everything else will fall in place!

Business models human life activity. And that is because it exists as a response to life activities, everyday activities, the needs and the demands. The idea is, the moment your business becomes more about what you do for money, and less about what you do for people, it is the beginning of an end.

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