Category:
Red Stories

A total of "81" articles from this category.
How to Know a Fraudulent Investment
May 17th

How to Know a Fraudulent Investment

Every investment comes with a risk, but these risks are primarily about factors influencing market performance and their impact on the expected ROI (return on investment). It is different when the company simply takes your money and vanishes. We cannot even call that an investment risk or loss. It is outright fraud.

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Lessons From Fintech's Emergence And Growth
May 17th

Lessons From Fintech's Emergence And Growth

While Fintech did not start overnight, it did take the global market by storm over the last two decades. And considering the evolution of Banking and Tech, one will see that Fintech was an inevitable result. One way or another, we would have arrived at Fintech innovations.

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Understanding Exchange Rate
May 17th

Understanding Exchange Rate

Exchange rate is the value at which the currency of a nation is pegged in conversion to the currency of another nation or economic zone. It is how much one unit of a currency is worth when converted to another currency.

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The Role of NIBSS in the Nigerian Payment Space
May 17th

The Role of NIBSS in the Nigerian Payment Space

When you initiate a transaction from the comfort of where you are, have you ever wondered how the money leaves your account and ends up in the settlement account? Especially when the transaction is to a different bank. There is a major player on the backend that makes that possible. It is NIBSS.

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Marketing Tips To Boost Your Sales in Q2
Mar 22nd

Marketing Tips To Boost Your Sales in Q2

Q2 is an ideal time to intensify marketing efforts to boost sales and create more brand awareness. The relative stability of Q2 offers a higher success rate for brand awareness which, of course, has a direct impact on sales, either immediately or eventually.

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Building Staff Loyalty
Mar 22nd

Building Staff Loyalty

If you were to ask everyone interviewed for a role if they would be loyal to the business, you won't get a no from any of the candidates even if there were hundreds of them. But you can't take that as an assurance of loyalty, can you?

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Business Hours or Business All Hours?
Mar 8th

Business Hours or Business All Hours?

If you know about every sale you missed out on because you were closed at the time of the customer’s need, you won’t exactly spend the rest of your day dancing. And the answer might seem to stay open for as many hours as possible. But depending on your type of business, this might be impossible.

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Business Funding
Feb 25th

Business Funding

As an entrepreneur, funding is one of the most important business decisions you will have to make. And it is not a one-time decision. Funding is a continuous business need. You will need funding to set up, expand, execute a capital project and even invest.

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Creating a Solution -the entrepreneur's daily task
Feb 18th

Creating a Solution -the entrepreneur's daily task

I think it is time we added problems to the list of constant things in life. Because honestly, there is always a problem. I know the African in you is probably about to reject it in God’s name, but just pause for a minute and look at the world around you. Does it look like a world without problems?

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Building A Reliable Brand
Feb 11th

Building A Reliable Brand

Branding is the process of actively shaping your company, its products and services in the mind of your customers and the general public. It involves a lot of decisions that directly contribute to the success or failure of the business.

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Redbiller For You -3 perks of using Redbiller
Feb 8th

Redbiller For You -3 perks of using Redbiller

At Redbiller we are customer-centred with our products and in their delivery. We care about how our products boost your business operations and brand image. Beyond collections and payouts, we are always looking at what else you can get out of Redbiller. What else you can do with Redbiller, and how better you can get with Redbiller.

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How to Sell Like Crazy
Jan 28th

How to Sell Like Crazy

There is actually a book with the title Sell Like Crazy. Well, this has nothing to do with that book. But it does have everything to do with increasing your sales. It is expected of every business to go all out to generate sales. If you are not making sales, what are you really doing?

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Challenges of Electronic Payments -and what Rebiller is doing about it
Jan 21st

Challenges of Electronic Payments -and what Rebiller is doing about it

Electronic payment challenges affect everyone. And while it greatly influences a customers purchase decision, it affects a business in many more ways. This includes choice of partner, collections and payouts, overall customer experience. Our approach to addressing these challenges is to help your business rise above them.

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What to Consider for a Business Partnership
Jan 21st

What to Consider for a Business Partnership

Any business you choose to partner with is, in a way, an extension of your business. You contribute to the continuous operations of their business and they to yours. Partnering with them means you agree with their values and they with yours.

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How to Scale Your Business in 2022
Jan 21st

How to Scale Your Business in 2022

Planning not only guides us through the year but also helps us to measure our results. Of course, the point of a plan is not to rule out opportunities but to make sure that we consider as many factors as necessary and channel available resources into productive use.

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How to Retain Your Customers
Jan 21st

How to Retain Your Customers

Customers are arguably the biggest determinants of a business failure or success. Actually, no business can exist without customers. As market demands evolve and new products are rolled out to meet these demands, a business’ biggest assurance of market success is its existing customers.

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Contactless Payment
Dec 8th 2021

Contactless Payment

While the use of contactless payment can be traced back to the 1990s, regular card payment has remained the more popular and most widely-used payment option. South Korea transit authority launched a contactless payment system in 1995, Mobil adopted a contactless ...

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The World Bank
Dec 8th 2021

The World Bank

The World Bank is not a bank in the conventional sense of the word. Its operations are quite different from the traditional banks. The member countries neither have a saving account with it nor do they make payments via it. Its source of income is from funding by ...

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The Golden Rule of Business
Dec 8th 2021

The Golden Rule of Business

Listening is one of the things you can't overdo when setting up and running a business. When setting up, you will get lots of advice, solicited and unsolicited, on how to set up, what to do, and what not to do. Everyone will tell you what is the most important ...

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3 Quick Steps to Resolve a Dispute
Dec 7th 2021

3 Quick Steps to Resolve a Dispute

Disputes occur for a lot of reasons. In business, it is when someone has not fulfiled their part or does not want to fulfil their part despite the consequences it holds for the other party. Disputes primarily manifest in three forms ...

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5 Ways to Improve your Cashflow
Dec 7th 2021

5 Ways to Improve your Cashflow

If generating profit was all you ever needed to worry about when it comes to your business finances, then life would be so much easy. Running a business would be such a joyride. But the reality is, generating enough profit is just one on the list of the things you need to do to keep your business afloat financially.

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A Brief History of Banks
Dec 7th 2021

A Brief History of Banks

Banks have been around for centuries. And while their role in the economy has evolved over these years, two things have remained constant in the definition of banks from the earliest records to what we have today - Savings and Loans.

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Branded House or House of Brands?
Dec 1 2021

Branded House or House of Brands?

Branded House or House of Brands is all about using a single identity or multiple identities. But it is not as simple as the definition. The choice of a brand strategy model has a profound impact on the success of your business.

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Brand Extension
Dec 1 2021

Brand Extension

Running a business comes with making tough decisions for a living. Sometimes, you know enough to make the right choice. Other times you just have to have to make a lucky guess. And this has little to do with competence.

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The Process of Bank Transfer
Nov 3rd 2021

The Process of Bank Transfer

When you activate something on your mobile device, open an app or register on a platform, there are a lot of backend requests and activity that goes on that we are not aware of. We just want a result or response as soon as possible. And when this does not come, we know something is wrong.

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Mobile Money
Nov 3rd 2021

Mobile Money

Money has always been something we carry along with us. The point is to have it on you when you need it. However, in this case, the addition of mobile to money sets it out something different from the money we are used to.

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Business Partnership
Nov 3rd 2021

Business Partnership

We are way past the era of the industrial revolution. The world is much more demanding, and the market is much more competitive. We are at a time when the two head analogy could not have been more relevant. And partnerships have become almost inevitable in operating and financing a business.

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Four Helpful Tips for Investing
Nov 2nd 2021

Four Helpful Tips for Investing

A low-risk investment is not necessarily a good investment, and a high-risk investment is not automatically a bad investment. Getting ...

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Digital Currency
Nov 2nd 2021

Digital Currency

Digital currency is a form of currency that is only available in digital or electronic form. Unlike banknotes and coins, digital currencies do not have physical attributes and are only accessed on the internet. Without your phone or computer, digital currency is as good as ...

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A Brief History of Money
Nov 2nd 2021

A Brief History of Money

As the ancient world continued to grow in trade and commerce, the lapses of the barter system became more and more of a problem. To trade, you have to find someone who needs what you have and can offer what you need and at the right value. There was no uniformity ...

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How to Build a Sales Funnel
Nov 2nd 2021

How to Build a Sales Funnel

With the right marketing tools in place, many people will come to hear of your business. A sales funnel is concerned with the journey of these people from when they first heard of your business to when they become your customers.

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5 Things You Should Know About The eNaira
Nov 1 2021

5 Things You Should Know About The eNaira

Nigeria confirmed its share of the wave of digital currency sweeping across the globe with the announcement of the eNaira. The Central Bank revealed that it would launch Nigeria’s official digital currency, the first of its kind in ...

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How to Recover your Money from a Fraudulent Transaction
Nov 1 2021

How to Recover your Money from a Fraudulent Transaction

There is a saying that goes, ‘once beaten twice shy.' But when it comes to e-commerce, many of us haven’t even been beaten before, but we are shy. And we are right to be shy in this case. As the acceptance of e-commerce continues to grow, so does the concern of the possibility of being defrauded.

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Five Interesting Facts About Fintech
Nov 1 2021

Five Interesting Facts About Fintech

Though Fintech started as a backend industry, it has now found its way to the retail market. To many people, Fintech has a face. And that face is the particular Fintech company or service they use. It also means that many people understand Fintech differently.

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Creating a Positive Working Environment
Oct 6th 2021

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. Trust me, it is good when your staff work with more than obligation in mind.

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Sales Funnel
Oct 6th 2021

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 2021

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 this is why negotiation must be as thorough as it can get. You have to cover everything.

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Why Innovate?
Oct 5th 2021

Why Innovate?

There is a saying that the devil you know is better than the angel you don’t know. You must have 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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Business Negotiation
Oct 5th 2021

Business Negotiation

Negotiation happens because humans are different and we need/want different things. We have our expectations of things we are about to do or we are already doing. These differences in opinions and expectations, of course, lead to conflict when we are not the only ones involved in the process.

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Preparing to be Challenged
Oct 5th 2021

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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Understanding Money Management
Oct 5th 2021

Understanding Money Management

One of the synonyms of Money is Currency, and that means it flows. It comes to us, and it will definitely leave. You can save money, but you cannot save its value. This is why it is necessary to let money flow at its current value in and out of your hands. This is the core of money management.

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The Payment Checklist
Sep 30th 2021

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 2021

A Quick Look at Resource Management

Every organisation has its goals, objectives, and values. Resource management helps to align every resource to achieve these goals and represent 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 2021

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 2021

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 2021

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 2021

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 2021

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 2021

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 2021

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 2021

Change Management

Change in consumer behaviours demands a change in your products. Change in policies demands a change in your structure. Emerging technologies demand changes in your operations. Consequently, this leads us to Change management.

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A Little of Everything
Jul 9th 2021

A Little of Everything

You have probably heard the saying Jack of all trade, Master of none. 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 really required to ignore every other field?

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Product Evaluation
Jun 30th 2021

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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Cash Flow versus Profit
Jun 30th 2021

Cash Flow versus Profit

Because the word ‘Profit’ registers money to the average mind, and of course, Cash is money, it is easy to take both to mean the same thing. However, in accounting, both are different. Understanding the difference between both and what they mean for your business is crucial in ascertaining your business’ performance and financial health.

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Seven Ways to Learn From Your Customers
Jun 29th 2021

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 2021

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 2021

Fintech For You - choosing the right provider

Fintech has become an essential industry for seamless daily financial activities - personal and business activities. With the diversification of the industry, people are learning to rely on its timely services to expand their businesses. The pressing question is no longer to use fintech or not, but what provider to use.

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Gift Cards in Nigeria
Jun 2nd 2021

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 2021

Facing The Giants - successfully competing with large corporations

Businesses fail for many 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 2021

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 2021

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 2021

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 2021

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 2021

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 2021

Why Professional Development?

One thing we should be scared of becoming in life is being dormant -not growing, not retrogressing. You'll keep thinking you are good 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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Investments: The Ponzi Scheme
May 4th 2021

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 2021

Four Components of a Healthy Financial Plan

Every business is out to make money in exchange for its products and services. 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.

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Revenue Management - Getting The Most Out Of Your Business
Mar 31st 2021

Revenue Management - Getting The Most Out Of Your Business

When management is mentioned, the first thing that comes to mind is effectively engaging all available resources to achieve set goals. For every business, these set goals include profit, brand awareness, growth and expansion. It means the same for a fitness trainer.

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Five Types of Fintech Companies You Should Know
Mar 30th 2021

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 2021

Why You Should Know Your Customer

For a few years now, the trend has been in favour of eCommerce. 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 2021

The Role of PSP in Building A Sales Relationship

Sales is more than 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 2021

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 2021

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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Credit Card in Nigeria
Feb 26th 2021

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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Running a successful business: Think growth, Think expansion
Feb 25th 2021

Running a successful business: Think growth, Think expansion

Businesses fail for various reasons, especially in this age of fast-paced development, and fast-evolving market demands. The race has really become for the swift. However, contrary to popular beliefs, businesses don't fail because of competition.

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Cash versus Credit card spending - giving up the money weight.
Feb 17th 2021

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 2021

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 2021

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 2021

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 2021

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 2021

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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