Naija Economics

A few months ago i read ' Business model generation ' and ever since i have been amazed at how much one can understand a business by using a business model canvas. I have been drafting models of popular businesses to be better at generating business models for my business and other businesses. Surfing the internet i discovered the lack of Nigerian business model examples. So today and over my next posts i will be sharing drafts of business models of any Nigerian business that interests me ( that's especially if they are innovative).

Source: Africabeta "Everybody loves a rags to riches entrepreneur; the unexpected genius from the remote village that built a start-up worth millions.  Such stories, valid as they sometimes may be, fuel the myth of the entrepreneur, blurring the realities more closely associated with running your own business. What other myths lie on the path to start-up glory?"

A few months ago i was discussing a few friends (my fellow corpers) about the National service that we just began. We talked about the debate to scrap or not to scrap the scheme, the factors that will constrain its scrapping.  After that discussion, in truth was discouraged. I have i come to waste the next few months of my life, all for preserving 'our national unity'. I was deeply worried. Personally, i don't think NYSC should be scrapped. It provides an excellent model for economic development and mass youth trainings. It should definitely be restructured. I have been able to find some productive activities to engage in since but yesterday the thought came to me. How can NYSC be restructured to achieve our national growth and development objectives?.

3 things i learnt this week So am thinking about what to write and i thought about sharing what i learnt this week with you. 1. Pay Attention To The Principles : As is my morning ritual i visited  Frankly Speaking With Muyiwa Afolabi where he talked about 'Paying attention to the principles'. We read books, hear speakers preach at seminars.

Am not a billionaire, at least not yet but i want to invest in my favourite football club in Nigeria. But why can't i? Nigeria's Captain, John Mikel Obi Nigeria like many other African nations can be proudly tagged a football loving nation. If more than 80% of your youths discuss and follow football trends on a daily basis i think the title fits.

Naija Economics Weekly I remember the first time i came on twitter it was a disaster. I just opened my first Facebook account and i quickly got into it. Then i heard someone say something about twitter and i immediately searched for it and signed up, but after i logged in....IT WAS DARK AND WITHOUT FORM to me. I couldn't make of what was going on so i left it even without tweeting a word. What Can A Tweet Do?

Which comes first, tax or profit? Like you i think the answer is obviously profit because you can't pay taxes on losses. This article is a sequel to "The New Economy is Digital: What's that have to do with me?" you can read it here. Across the circles of the adoption of digital economy and its technologies one disruption has been in the centre of debates. The reality of the potential threats to tax systems. If i may put it frankly " more companies will not pay taxes".

The New Economy Is Digital: What Does That Have To Do With Me? “ We project in the near future a digital economy that will bring about massive deviations in society. We simply have no way of knowing how deep and far-reaching these deviations will be". – Tank L, MD Huawei Technologies Nigeria. If you have heard about digital economy and you have no idea what it means, you're not alone. In fact you may be in the majority. As a recent reader on this topic myself, i wish to expose this term 'digital economy' to as many persons as i can and discuss on what it means for our "traditional' Nigerian economy.

So i wrote briefly to introduce this topic and talk mildly on some pertinent issues. But as i began to think more on the potentials, I truly became angrier that the Nigerian government has not done enough to create an infrastructure to support the sector and private investors for not making more investments in this industry. Everybody knows that Africa is the fastest growing continent and has billionaire dollars opportunities waiting to be snatched up. But do you know that investing in Nigeria's herbal industry is one of lesser known, more valuable investments?. I didn't either until recently when i started reading on Africa's traditional medicine. The opportunity is definitely worth your interest.

People say that Nigeria's herbal medicine has been in existence before our ancestors knew the white man's medicine. But their coming you see, saw the doom of the medicine of our people, for one they didn't understand our processes and frankly we thought theirs was better too.

Let's Take a walk Source: UNHCR Trends in migration has taken on different dimensions over the years from rural-Urban migration which was a troubling development in 60s and 70s to today’s irregular migration.

"The story of DSTV and its rise to continental dominance began well over two decades ago when the brand was launched as the brainchild of a Joint Venture between Multichoice Africa and a Nigerian entrepreneur called Adewunmi Ogunsanya."....

No doubt you have heard the phrase or used it a couple of times, which implies simply that time is a valuable asset; therefore it is better to do things as quickly as possible. Hence each time you hear those words you get a rush of hormones that stimulates you to do things as quickly as you can.

Yesterday while attending a two-day CBN fair tagged ‘Promoting Financial stability and economic development’ one of the speakers spoke of CBN's financial inclusion policy which was launched since 2012 as he spoke many question began to flood my mind ‘what does financial inclusion mean' why is CBN interested in my being financially included so I began digging and here is share with you what I found.

Strive Business Special The bible teaches us that every one of us is a unique individual, an absolute original. For the greatness in you to emerge, you have to become yourself, first. You will never achieve this by impersonating someone else on Twitter or Facebook, no matter how great you think they are.

ENTREPRENEUR Today on Meet the Entrepreneur we met with an entrepreneur par excellence Mr Kaesy Nwosu, a student of Computer Engineering and the CEO of one of the foremost Nigerian technology blog Techcranked

Owning A Business The master key to dominating a trade or a field is to study those who have become successful and great in the business and then imitate their style creatively. When you want to start a business, it really can be overwhelming to start thinking up a strategy that you hope will work and make you succeed in the business. Truth is research is very key to starting a business. You must investigate the market, find out how things are done; learn the secret of the trade so as to participate to win.But in a situation where you lack the means or resources to carry out extensive or required market or consumer research, all you need do is to adopt or adapt the strategy of a leader in that market.

Strive Business Special __A big idea, an excellent team. A few months ago, Liquid Telecom, one of our businesses, bought a South African telecoms company called Neotel Communications, for about $450m. Quite a few of you who saw the news about the transaction wrote to me, asking me to share some insights into buying and selling businesses.

Strive Business Special During the last few weeks, I have blogged on the importance of sales and marketing skills. We’ve also begun to discuss the importance of building, nurturing, and sustaining a brand. I’ve tried to show you that behind the sales campaigns, promotions, and advertising you see on TV and in newspapers is a highly complex business tool which you must appreciate and master if you want to develop a profitable business.

Strive Business Special A good entrepreneur must never be too sentimental towards a business. There’s a time to buy, a time to sell, and even a time to close a business. It's all business, and in a successful business career, you must have the capacity to do all three.