SME Growth Desk

21/03/2024

"When you sell in desperation, you always sell cheap."

— Peter Lynch

21/03/2024

SMEtips:

Your marketing strategy should be consumer-centric, not product-centric.

Focus more on solving your consumers' problems and they'll pay for the value you provide.

02/11/2023

2024 beckons is in 2 months.

There are things:
You Could do
You Should do
You Must do

List the "Could Dos", Prune them down to "Should Dos". Further trim them to "Must Dos" & Focus on ex*****on.

Do these for the next 60 days to become unrecognisable next year...

12/08/2023

"What if you fail?" isn't the question you should be asking yourself
"What if you never try?" is the question

10/08/2023

Become a ghost for 6 months.
Make everything your fault.
Find the beast within you.
Throw yourself into pain.
Cut out all the excuses.
Go all in on yourself.
Train like a warrior.
Work like a robot.
Eat like a king.
Reject vices.
Transform.
Upgrade.
Create.
Thrive.
Win.

17/06/2023

KEEP IT SIMPLE!

You need $400 to buy a share of that company in the US stock exchange. One company came out and said you can also buy a portion if you have just $1, $2 , etc. Magically, Robinhood invented an amazing business model in America. They call it fractionalization, splitting of shares, tokenization and many more names.

Forget the name, all we know is that it did one thing: it offered ordinary people ways to own portions of companies irrespective of their financial capacities. In the past, you must have at least $400 to buy a unit share of that company. Today, you can own a portion for $5 or whatever you can afford. Through that simple ingenious new business model, Robinhood became a multibillion dollar company.

Innovation should not be a rocket science; those problems we face daily are opportunities waiting to be solved. Look at the Nigerian stock exchange, what innovation can we deploy? Look at the Nigerian housing market, what can you do? Look at our education, agriculture, etc - what simple ideas could make a great difference?

Keep it simple even though the hardest thing to execute is the simplest idea! Because everyone wants to be seen solving complex problems.

Author: Ndubuisi Ezekwe

17/06/2023

Business Idea 💡

No matter how hard the economy of a country is, there are some items people won't ever stop buying.

No matter the complaints from fellow compatriots, there are some expenses they won't stop making. Even if it is the last kobo in thier account they are ready to expend it on those things.

Do you know those items and expenses ? If you do - invest in such businesses Now!

17/06/2023

CBN confirms 43 banned items policy remains, not eligible for forex in I&E window
Do you know what these 43 Items are?
Well... here is the list of the 43 non-eligible items.

Rice
Cement
Margarine
Palm kernel/palm oil products/vegetables oils
Meat and processed meat products
Vegetables and processed vegetable products
Poultry – chicken, eggs, turkey
Private airplanes/jets
Indian incense
Tinned fish in sauce (geisha)/sardines
Cold-rolled steel sheets
Galvanised steel sheets
Roofing sheets
Wheelbarrows
Head pans
Metal boxes and containers
Enamelware
Steel drums
Steel pipes
Wire rods (deformed and not deformed)
Iron rods and reinforcing bars
Wire mesh
Steel nails
Security and razor wire
Wood particle boards and panels
Wood fibre boards and panels
Plywood boards and panels
Wooden doors
Furniture
Toothpicks
Glass and Glassware
Kitchen utensils
Tableware
Tiles – vitrified and ceramic
Textiles
Woven fabrics
Clothes
Plastic and rubber products, polypropylene Granules, cellophane wrappers
Soap and cosmetics
Tomatoes/tomato paste
Eurobond/foreign currency bond/ share purchases
Dairy/milk
Maize

The question for aspiring small and medium scale business owners in Nigeria is "Which of these items can you start, network or leverage for profitability?

07/06/2023

🔥NEW BLOG POST ALERT 🔥

"Received a letter from the tax office about a default? Don't panic! Don't go on social media claiming whether the tax regulator is right or wrong. Check out our latest blog post for 10 essential steps to take and navigate through this situation with confidence.

https://smegrowthdesk.com/10-things-you-should-do-if-you-get-a-letter-from-tax-office-that-you-have-defaulted/

💼💰 "

Receiving a letter from the tax office informing you that you have defaulted on your taxes can be a stressful experience. It's important to approach the situati

22/05/2023

Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.

04/05/2023

NCC Introduces Unified Codes for all Networks

The Nigerian Communications Commission (NCC) recently announced new codes for all networks in Nigeria. These codes will be used for various purposes, such as call center, SIM registration, and checking of account balance. In this blog post, we will explore the new codes and what they mean for Nigerian mobile phone users.

Firstly, it is important to note that the do-not-disturb code remains unchanged. The code, 2442, is used to activate the Do-Not-Disturb service, which helps to reduce the number of unsolicited SMS and telemarketing calls that customers receive. Customers can send "STOP" to 2442 to stop receiving such messages.

The new code, 996, is for SIM registration and NIN-SIM linkage. The Nigerian government mandated that all SIM cards must be linked with the National Identification Number (NIN) to curb criminal activities in the country. To link your NIN with your SIM card, simply send "NIN (space) NIN number (space) First name (space) Last name" to 996. For example, if your NIN number is 12345678901, and your name is John Doe, you would send "NIN 12345678901 John Doe" to 996.

The call center code is 300, which can be used to contact your network's customer service center. If you are experiencing any problems with your mobile phone, such as a network outage or billing issues, you can call 300 to speak to a customer service representative.

For those in need of borrowing airtime or data, the new code is *303 #. Dialing *303 # will show you the various borrowing options available to you, such as the amount of airtime or data you can borrow, and the terms and conditions attached to the borrowing. You can then select the option that suits you and follow the prompts.

If you want to stop a service that you are currently subscribed to, the new code is *305 #. This code can be used to unsubscribe from various services, such as caller tunes, data bundles, and other value-added services that you may have subscribed to.

Finally, to check your account balance, the new code is *310 #. Dialing *310 # will display your current account balance, as well as any other relevant information such as your data balance and the expiry date of your airtime or data bundle.

In conclusion, the new NCC codes will make it easier for Nigerian mobile phone users to access various services, including SIM registration, borrowing airtime and data, and checking their account balance. With these new codes, customers can now access these services quickly and easily from their mobile phones.

03/05/2023

Product Sales or Service Offering: Which fits my personality?

Are you a small business owner wondering whether to focus on product sales or service offerings? It all comes down to your personality and strengths. Check out our latest blog post to discover which path might be the best fit for you and your business.

https://smegrowthdesk.com/product-sales-or-service-offering-which-small-business-fits-my-personality/




"

This blog post explores the question of which business model suits your personality: product sales or service offering. Through an analysis of the pros and cons of each approach and real-life examples, you will gain insights to help you make an informed decision.

26/04/2023

LOAN APPS AND LOAN SHARKS

Discover the risks of borrowing from loan sharks and learn about alternative financing sources for small businesses. Explore top loan apps and funding options, and find out how to break the cycle of predatory lending in this informative blog post.

Know the CBN and FCCPC registered Loan apps and other available funding options for your business.

Find out how to break the cycle of predatory lending and other tips in this informative blog post in the comment section.

22/04/2023

7 Simple Steps To Start Your Dropshipping Business

Dropshipping is a retail fulfillment method where an online store does not keep the products it sells in stock. Instead, when a customer places an order, the store purchases the item from a third party and has it shipped directly to the customer.

Interested in knowing more? Kindly DM us immediately or let us know in the comment section.

20/04/2023

NEW POST: 10 Signs That You Are A Born Entrepreneur

Are you a natural problem solver with a passion for creating new and innovative ideas? Do you possess a strong work ethic, excellent communication skills, and a relentless drive to succeed? If so, you may be a born entrepreneur. Entrepreneurs possess a unique set of traits and characteristics that enable them to take risks, overcome challenges, and build successful businesses.

In this blog post, we will explore ten signs that you are a born entrepreneur and provide examples of successful people who share similar characteristics and unique sets of traits like Steve Jobs, Mark Zuckerberg, Arianna Huffington, and Richard Branson.

Whether you are an aspiring entrepreneur or simply looking to develop your skills and talents, this post will provide you with valuable insights and inspiration.

In the comment section, you will find the link to read about these 10 Signs that you are a born-entrepreneur

19/04/2023

NEW POST: ⚠️10 Signs That You Are A Born Entrepreneur

Are you a natural problem solver with a passion for creating new and innovative ideas? Do you possess a strong work ethic, excellent communication skills, and a relentless drive to succeed? If so, you may be a born entrepreneur. Entrepreneurs possess a unique set of traits and characteristics that enable them to take risks, overcome challenges, and build successful businesses.

In this blog post, we will explore ten signs that you are a born entrepreneur and provide examples of successful people who share similar characteristics and unique sets of traits like Steve Jobs, Mark Zuckerberg, Arianna Huffington, and Richard Branson.

Whether you are an aspiring entrepreneur or simply looking to develop your skills and talents, this post will provide you with valuable insights and inspiration.

Here are 5 of the Signs:
1. You are a natural risk-taker.
2. You are a problem-solver
3. You are passionate about your work
4. You are creative and innovative
5. You have strong leadership skills

https://smegrowthdesk.com/10-signs-that-you-are-a-born-entrepreneur/