October 20, 2021

Coin Tastic

Business Managements for you

Insurance Business Plans

An advantage of this value is that it is an easy value to communicate and...

An advantage of this value is that it is an easy value to communicate and to remember. Self-Employed Tax Bundle offer terms: Discount available for the monthly price of QuickBooks Self-Employed Tax Bundle (Bundle”) is for the first 3 months of service starting from date of enrollment, followed by the then-current fee for the service. Your account will automatically be charged on a monthly basis until you cancel. To be eligible for this offer you must be a new QuickBooks Self-Employed customer and sign up for the monthly plan using the Buy now” button. Offer valid for a limited time only and cannot be combined with a free trial or any other Intuit offer. Limited to one per customer. Sales tax may be applied where cancel your subscription at any time go to Billing Info” in QBSE and select Cancel subscription.” When you cancel, all future monthly subscription charges will be discontinued. You may cancel at any time. Your cancellation will become effective at the end of the monthly billing period. You will not receive a pro-rated refund; your access and subscription benefits will continue for the remainder of the billing period.

The state of our infrastructure can be deemed to be a nightmare to both entrepreneurs and the rest of the country’s population. With the existing infrastructure deteriorating and in some places it is non-existent; the cost of doing business has tremendously gone up. The state of the country’s road network makes it hard for entrepreneurs in the agricultural sector to transport harvested produce from farms to processing factories. According to a report released by the World Bank, Nigeria’s pace of socioeconomic development and growth is way below what we can achieve. This is mostly because of the erratic supply of electricity which has negatively affected many businesses. The outcome of power problems has prompted entrepreneurs to generate power through expensive ways that have in turn increased their production costs and made their products uncompetitive due to high prices. Our government should put policies in place to perk up Nigeria’s infrastructure so as to promote successful entrepreneurship.

The third characteristic of the successful entrepreneur is tenacity despite failure. Let’s face it, many entrepreneurs are usually trying something new and the failure rates can be high. For many people, the process of fine tuning their business to see what works and what doesn’t work means that there will also be small failures along the way. The litmus test for entrepreneurs is their ability business management to fight through the setbacks and failures and keep chugging along with the experimentation it takes sometimes to find the success they are looking for. It is important because it shows the degree of commitment required to succeed. The old saying quitters never win” is very true and should be a warning to the entrepreneur if they don’t have the desire to stick it out and keep trying.