THINK LOCAL, ACT GLOBAL by Temitope Adewoye

A few days ago, a couple of friends were discussing about the economic situation of my country Nigeria. Someone asked a question; how can we build products and services indigenous to us and make them internationally acceptable

The question got me thinking

  1. What products are indigenous to us?
  2. How do we improve on them
  3. What are the processes involved in making them globally acceptable?

Well I decided to share my thoughts with you guys and brainstorm together

The famous football clubs Real Madrid and Manchester United are phenomenally successful and wealthy football teams not by eschewing their locale but by emphasizing it.

Emma Bridgewater ceramics is fashionable and pricey because it is still made by hand in the historic home of British pottery, Stoke-On-Trent

Italian fashion maintains its luster and its margins not by outsourcing manufacturing to china but by using and showcasing local textiles and intricate handiwork.

By nurturing and articulating local roots these guys have built successful brands. Please share your thought on this.

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Life saving Soap by Temitope Adewoye

 

 

 

 

 

 

 

Meet Bridget Hilton the 26 old Co-founder of jack’s soap founded in 2011 with the goal of saving life’s through soap. Bridget Hilton the founder of Jack’s Soap could not live with this statistics in mind so she took action and over a period of three months, she created and launched a for-profit company that donates soaps to children in need, for every bar of soap sold.

                    

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

To ensure the perpetuation of good hygienic practices, Jack’s doesn’t just donate the soaps but also educates the recipients about the importance of good hygiene. These luxurious soaps are made with organic ingredients, use recycled packaging materials, and are vegan and cruelty free–making them both PETA and USDA approved

Connect;

Jack’s Soap Website: www.JacksSoap.com

Jack’s Soap on Facebook: www.facebook.com/jacksoap

Jack’s Soap on Twitter; @JackSoap

Bridget Hilton on Linkedin; http://www.Linkedin.com/in/BridgetHilton

 

 

 

START by Kehinde Olagbenjo

I was very surprised this morning when a guy selling bread at the road side asked my brother to accompany him to the car dealership in other to buy an 18 seater Bus! I was also informed that the same guy had built a house, was married with three kids.

This guy graduated many years ago, searched for jobs and could not gain employment. In other to survive he was determined to get engaged in menial jobs. He began to sell bread at the T-Junction of a major road in Lagos. Today he is financially stable, doing better than most graduates in paid employment.

A lot of young people are unemployed as a result of laziness and pride. They are not willing to get their hands dirty and do the required hard work like the rich do. There is dignity in labour even in carrying out menial jobs. Creativity would differentiate you from the other person doing same;all you need is packaging.

If you must make money, be ready to work hard, money should not be your priority in the first place, providing a service that gives value should be topmost on your list. Don’t be deceived by your degree there are a lot of graduates who are jobless and broke. Find something doing.
Someone earning Ten thousand Naira  monthly is better than someone hoping to earn Two Hundred Thousand Naira monthly. The journey of a thousand miles begins with a step.

Start something today

BUSINESS MANAGEMENT CONFERENCE 2012 by Temitope Adewoye

There’s an ongoing revolution in Nigeria right now, young people all over the country, are organizing themselves, developing roadmaps and solutions to problems, taking responsibility for their future. The Business management Conference 2012 which took place this weekend at the Farm Centre, Ministry of Agriculture& Cooperatives, Oko Oba, Agege, Lagos is one of such youth platforms aimed at preparing participants for the demands of the 21st century workplace, igniting the spirit of entrepreneurship and encouraging startup businesses in Nigeria. The conference was organized by these young Nigerians; Asenime Gregory, Abiodun Dominic, Ojeyinka Tolulope, Araba Steve and Airhunuoje Micheal

The facilitators of the various group sessions included; Frank Osodi of House of Bunor Crezioni,  Funke Bucnor-Obruthe of ZAPPHAIRE EVENTS, Bunmi Davies of Afrotainment and Tayo Olosunde; principal partner of E-Green Limited(an Enterprise Sustainability Human capital and corporate Social Investment Management Firm).

Tayo Olosunde (E-Green services) facilitated the first session spoke on Branding: In this session, the topic of Brand Management was strategically looked into to position participants for entrepreneurial success.

Mr. Aderinwale Ayodele (Executive Director, Africa Leadership Forum) facilitated the second session; he spoke on the Mind of an entrepreneur:

 Frank Osodi (House of Bunor) facilitated the session on fashion
Tosin Babajide (Broad Vision) facilated the Waste recycling session; participants interested in the waste recycling business, were given hands on practical advice on how to start and run the business

Bunmi Davies (Afrotainment) facilitated the session on media and showbiz; Participants whose interest lies in the media/entertainment industry received apt mentorship from one of the nation’s leading media brand thus positioning them for a successful media business venture

Johnson Abbaly (Achievers consortium) facilitated the session on management for startups

Prof. Abby Awosika-Fapetu (Executive Director, OASIS Education) facilitated thesession on financial management for startups during the session; participants irrespective of line of chosen trade were given practical and insightful tips on how to go about accessing and managing funds for their entrepreneurial endeavours.

Connect with BMC:

Telephone Numbers: 08051787296, 08181059411

Email address: info@bmc.org.ng

Website: www.bmc.org.ng

The following are pictures from the event:

 

 

 

 

 

 

Tayo Olosunde giving a session on Branding

 

 

 

 

 

 

Tayo Olosunde receiving a plaque from the organizers

 

 

 

 

 

 

 

Cross session of participants.

 

 

 

 

 

 

 

Participants taking notes.

 

 

 

 

 

 

 

 

The organizers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Abiodun Odunugha and I

 

 

 

 

 

 

Tayo Elegbede and I

HOW TO REGISTER YOUR BUSINESS NAME BY Temitope Adewoye

 

Have you ever considered having your own business? If you have a good place to start is by registering your business name. If you own a start up please do well to register your business name with the Corporate Affairs Commission (“C.A.C.”).

The C.A.C is responsible for the formation and management of companies in Nigeria. The commission is empowered to handle all issues associated with company registration, business names and incorporated trustees in Nigeria.

In order to be legally smart as a business owner you need to register your business name as this action would give people great confidence to do business with you.

Before coming up with a business name, consider the following statutory requirements:

  • The names should not be similar to any business or trademark registered in Nigeria. e.g Mike Lawanson Ventures
  • The name should not contain words like ‘National’ ‘Government’ ‘State’ ‘Co-operative’ etc.
  • To use the word ‘Consulting’ you would need to provide the commission evidence of relevant professional qualification; thus avoid the using the word if you don’t have such qualifications.

Please note that the C.A.C.     has the right to disapprove your business name if someone else has registered that same name thus you need to have three alternate names, until your business name is approved you can’t proceed to the next stage.

Once you get a go ahead then you would be able to register your business name;

The following are the requirements for the business registration form:

  • The approved business name
  • The business address
  • The name of the sole proprietor or partners
  • The address of the owners
  • Two passport photographs of the owners
  • General nature of the business

The C.A.C. requires that you state what your business is all about. You have to state at least one thing. The maximum is three. It is up to you to find an object that best describes your business is about.

The following are the objects allowed by the C.A.C.;

  1. Advertising/Public Relations
  2. Agricultural Produce
  3. Agricultural Tools, Machines and Allied Products.
  4. Alternative Medical practice
  5. Aluminum Manufacturing
  6. Architects/Town Planners
  7. Auto Dealers
  8. Auto Mechanics and Rewiring Services
  9. Auto Spare Parts Dealers
  10. Bakery and Fast Foods
  11. Beauty Industry (Salon, Pedicure, Manicure, Barbing ETC)
  12. Bookshops/Stationery Stores
  13. Car Washing Services
  14. Carpentry/Wood works
  15. Chattered Secretaries
  16. Commission Agents
  17. Computer Training, Sales and Services
  18. Cosmetic Manufacturers/Dealers
  19. Day Care Center
  20. 20. Dealers and Distributors
  21. 21. Electrical/Electronic Equipments Dealers
  22. Entertainment Industry/Events Managers
  23. Estate Agency/Maintenance
  24. Fashion Designers
  25. Fish Farming/Fisheries
  26. Food Products and Processing
  27. General Contracts
  28. General merchandise/Trading
  29. General Tax Consultants
  30. Guidance and Counseling
  31. Gymnastics and Stress
  32. Management
  33. Horticulture/Gardening/Landscaping/Equipment Services.
  34. Hospital/Clinics
  35. Hotel/Hospitality Industry
  36. Human Resource Manager
  37. Import/Export of goods and services
  38. Industrial Chemical Supply and Service
  39. Interior/Exterior Decorations
  40. Internet Service Providers
  41. Jewelers
  42. Land and Quantity surveyors
  43. Laundry/Dry Cleaning Services
  44. Legal Practice and consultancy
  45. Maternity Home
  46. Mechanics/Welding
  47. Medical and Pharmaceutical products (manufacturing, sales and services)
  48. Medical Services/Laboratory
  49. Patent Medicine Store/Chemist
  50. Petroleum Products Sales/ Distribution
  51. Pharmaceutical Manufacture/Services
  52. Photography/Photo Equipment
  53. Plastic Manufacturing
  54. Poultry Farming
  55. Printing/Publishing
  56. Restaurant/Catering services
  57. Road Transportation
  58. Schools (Nursery, Primary and Secondary Schools)
  59. Supermarkets/Departmental Stores
  60. Textile Manufacturers/Distributors
  61. Travel Agents
  62. Veterinary Clinic/Services
  63. Water works/Borehole drillers

Most businesses will fall under one of these, if not, just use General Merchandise

After getting the certificate for registering your business, you can then be assured that you are legally smart.

 

 

 

Slum2School

Meet Otto Orandaam a young vibrant Nigerian who facilitates the Slum2School project; a scheme that gives scholarships to kids that have never being to school.

Last year 118 Children who live in Makoko Slum in Lagos Nigeria were given scholarships to start school

Be part of the hope chain as Slum2School project continues its 12 days fund drive to give 200 children an opportunity to be true leaders of tomorrow

It costs N30,000(Thirty Thousand Naira Only) to sponsor a child for a year and N6,000,000(Six Million Naira) to train 200 children. There are 234 volunteers championing Slum2School currently.

Follow Slum2School on twitter; @Slum2School

or send a mail to Slum2School@gmail.com for more inquiries.

Do well to check Slum2school blog: http://www.communityimpactng.wordpress.com

 

 

 

 

 

Lessons on Money

WASTE IS A FINANCIAL WAIST BREAKER! INVEST!

The seed of one millionaire is ONE NAIRA! That little kiosk today has the potential of becoming a network of supermarket in future if you avoid wastage!

True wealth is not counted in millions but in pennies.
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The fact that N10 is written on the note you’ve, does not make the value N10.

Its just a reference to its purchasing power. It means if you decide to spend it you can only get goods or services to the tune of ten naira.

That N10 in your hand has two value: the PURCHASING VALUE AND THE INVESTMENT VALUE.

The purchasing value of N10 is N10 But the investment value is unlimited. Like a seed, if you keep investing & reinvesting that ten naira , it could end up yielding you ten million naira.

Avoid wastage! Waste is d cankerworm of wealth. To increase your wealth, you’ve to decrease your waste. IF LITTLE DROPS OF WATER MAKE A MIGHTY OCEAN THAT MEANS A SMALL LEAK WILL SINK A GREAT SHIP!

If you sit down&calculate all the monies u spent on frivolous unprofitable things in a year, you wil be amazed at d fortune you’ve thrown away.

WASTE IS A FINANCIAL WAIST BREAKER! INVEST!
Samuel Olagbenjo