Colossus Gists

No matter the size of the company, managing well means managing the processes, the employees and the time of the execution of the activities in the best possible way. Here are some tips on how to better manage the various aspects of a business to make your business more productive. Zoetalentsolutions.com will provide you all management courses.

1. The first thing is to be aware that being an expert in a business is not necessarily going to make you ready to run a business. You will need help to get customers to come to you and your sales flow. You will need good communication and administration, at a minimum.

2. One tip for setting up your team is, for example, to fill in the gaps in fields where you have less knowledge, surrounding experts in each area.

3. Here is another tip. Not always the most appropriate people for the team will be your friends or relatives. Most of the time, in fact, this is not at all suitable for the smooth running of the business.

4. Be prepared to take risks in managing the company. Do not be afraid to get out of your comfort zone, especially if you are facing fierce competition, which is very common these days.

5. For more security in decisions, always take into account the practical effects of what your company does. If you are able to anticipate the consequences of action then you will be better equipped to deal with them when an eventuality happens.

6. Do not make decisions right now. Having a planning strategy is key. Put your ideas on paper and always have your real business indicators as a basis.

7. Monitor and measure your progress. In large companies, the results, sales, technology, human capital, etc., are constantly monitored. Thus, managers can be aware of what is wrong and make corrections. The same should be applied in SMEs.

8. It is essential that the manager closely monitors the company's cash flow and financial processes. If you do not already have a business management system (ERP), maybe it's time to get one. With an ERP system, the entrepreneur can optimize the work of analyzing spreadsheets and reports, also facilitating the collection and recording of information that will provide more agile decision making.

9. Stimulate the loyalty of your team. Employees are more committed to the company when they have a sense of loyalty.

10. Remember: As in personal life, problems will arise at every stage of the company's development. The manager's mission is to think of solutions. To do this, you need to stay focused and work together to solve the most pressing problems of the moment. To do so, it is necessary to set goals and stipulate processes and deadlines for results to be achieved.

Ask anyone running a small business in Nigeria and they will let you know it is only ‘small’ in name, the challenges are enormous.

The hoops business owners in Nigeria have to jump through seemingly endless, it takes grit and determination to build a successful business in these conditions.

However, some of these challenges are not insurmountable, Colossus Gists shares about 5 of some basic challenges many Nigerian businesses face, and how they can be defeated:

1. Insufficient funds

There’s no way around it; small businesses need funds to grow from a small business to big business and to even multinational funding.

Unfortunately, most small business owners in Nigeria have no idea where to get the funds they so badly need. So what can Nigerian small business owners do? You can explore various ways of funding your business yourself or check these different organizations that offer funding to small businesses and see if they are eligible to receive any of these funds.

2. Poor web presence

Online presence isn’t just for big businesses, doing business online is for just about everyone.

However, small businesses in Nigeria are not taking advantage of this, probably because they believe the endeavor to be a complicated and costly endeavor.

There are cheap and easily accessible ways for small businesses in Nigeria to get an excellent online presence.

3. Poor Marketing Skills

Most small business owners in Nigeria do not have the time to study the ins and outs of marketing. What with the many things they have to juggle, there is little time for them to learn these skills. Nevertheless, getting the word out about what you do is essential for every business.

What you can do is to subscribe to Nigerian entrepreneurial blogs to stay up-to-date with the latest industry news and trends. We compiled a list of excellent business blogs in Nigeria, check them out.

Also use business engagement tools, to help you target specific target markets.

4. Getting new Customers

Every business needs new customers, but the customers that count are the repeat customers. Why they are so important? a repeat customer is likely to spend 67% more than a first-time buyer.

What to do? Price your products and services competitively. Do your market research to get an idea of what you should be charging. Follow up with your customers and encourage them to come back with incentives like special discounts and even memberships.

5. Seeking Rapid Growth

It is important to put parameters in place that will help you scale to meet demand while maintaining a high level of quality.

You need to develop a company culture that values quality just as much as you do. Prioritizing this value in your training and team building will allow your company to grow as a unified brand that you can be proud of.

Do your best not to micromanage. If you have competent and trustworthy staff, you should be able to delegate tasks and projects to them while keeping a watchful eye. This will allow you to focus on important tasks of your own, like growing your product line or expanding into a new market.

Ambitious Nollywood director, Kunle Afolayan has released the trailer of one of the three Africa Magic-commissioned films which he finished shooting recently. Omugwo tells the story of Omotunde, a young civil engineer, married to Raymond, an OAP (On Air Radio Personality), who has just given birth.

Coloured by their different cultural backgrounds, their mothers-in-law forcefully move in with the couple to perform the Igbo child care rite called, Omugwo.

ALSO: Watch the trailer for Kunle Afolayan’s ‘Omugwo’ starring Ayo Adesanya, Patience Ozokwor and more

But instead of relieving their children of the burden of childcare, the mothers’ rivalry complicates life for the young couple to comical effects. It features veteran actress Patience Ozokwor as well as Ayo Adesanya, Omowunmi Dada and Ken Erics.

Apart from the fact that this film is as close to limited cast as you can probably find for this type of story, here are the things we learned from watching the trailer on repeat for 15 minutes.

1. The Film’s Duration

As is characteristic of Africa Magic films and TV films generally, do not expect a The CEO-length from this film. It is meant to be short, unlike the slightly long trailer.

2. Afolayan knows how to get good Directors of Photography for his projects

In Omugwo, we are introduced to Ifeanyi Iloduba who from what we see in the trailer did a very good job shooting this film.

The National Film Institute, Jos graduate isn’t entirely new in film circles but he hasn’t become a household name amongst Nollywood audiences yet.

3. Ayo Adesanya will do well to keep up with Patience Ozokwor in this film

Afolayan’s decision to cast Ayo Adesanya in a newbie grandmother role opposite Patience Ozokwor is an interesting one. An experiment which I am curious to see if it pays off.

Ozokwor is much at home in the grandmother who is trying to dominate in her son’s house role. But, as good as Adesanya is, she is already at a slight disadvantage.

But so far so good in the trailer, it looks like extra attention is paid to her acting.