Posted on: 14th Dec 2020
Are you an entrepreneur? This is for you!
Scaling a business means setting the stage to enable and support growth in your company. It means having the ability to grow without being hampered. It requires planning, some funding and the right systems, staff, processes, technology, and partners.
Here are our top five steps needed to scale up your business:
Outline how certain activities are directed in order to achieve the goals of your business. Try to think of everything possible.
Yes- who you know can help grow your business. Although it comes down to whether the product/service you render is good enough and the value you bring to your customers. But, in the end, having connections with people in your target market will go a long way for your business.
Bring to the table what other businesses don’t. For your business to be successful, you need to have a competitive edge over your competitions. Study your weaknesses and also your competitor’s weaknesses and turn them to your strengths.
4. Don’t Take Shortcuts
When you take shortcuts, you comprise your ethics, your integrity, and values of your business. Do the work instead of taking the easy way out.
Scaling a business doesn’t come free and as great as taking a loan is, they are debts. Make plans to expand your business with ESUSU+, which makes it easier for you to be a thriving business owner.
Benefits of ESUSU+
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Posted on: 24th Jan 2019
Nobody takes on risks like the entrepreneur and this is no easy feat. They bear the whole burden of the business and their responsibilities are usually through the roof. They are typically owners of Small Medium Enterprises (SMEs) and this puts them in a precarious position where they have to provide, secure and grow their business and most likely on their own. To do this, they need to imbibe the constant habit of saving otherwise they are in for a very short time in business.
There are different ways entrepreneurs or small business owners can save up cash that will eventually aid the growth and sustenance of their businesses. No one expects SMEs to churn out multi-millions in profit like huge companies and other long-standing corporate entities (at least not immediately). Therefore, whatever little an entrepreneur is able to save counts as something and will go a long way in storing up for the future of the business.
Some of the saving tactics entrepreneurs and SMEs can employ in their places of business are as follow;
There are avoidable and completely unnecessary debts that your business shouldn’t have to deal with in the first place. Make sure to spot these debts beforehand so as to avoid wasteful spending.
Debts owing to bills from the use of certain facilities or services that your business can do without, should be either capped, minimized or completely scrapped. You need to evaluate your expenses and purge your business of whatever excesses that exist.
In a bid to save money as an SME, the last thing you want to happen is for you to lose money. In line with this school of thought, it would make a lot of sense to avoid losing money (thereby saving money) by taking on some legal cover.
Yes! You need an attorney and it will serve you well to hire one. He or she will help you make informed decisions in your business. This is an effective way not to lose the money you’re trying so desperately to save. Having legal cover ensures your business is not left wide open to lawsuits or business moves that will jeopardize the finances of your business and the business in general.
As mentioned earlier, we are not expecting SMEs and their owners to cough out millions upon millions as profit. However, we also did mention that whatever little you’re able to save will go a long way and we meant it.
The African Alliance Esusu Plan was created for such instances. It is a plan that allows entrepreneurs and small business owners to make monthly deposits for a period of 1 year before cashing out their total money deposited along with the accrued interest. It is an incredible way to save, as with a minimum of 5,000 naira an entrepreneur can begin monthly contributions. And at the end of the year, you get to retrieve all your contributions with the generated interest. You also get a life cover under this plan.
For entrepreneurs and SMEs to thrive, they must seek out and employ these saving tactics. For such a delicate thing in business such as saving money, you want to be intentional when making use of these steps to save. Make sure it matches the pace at which your business makes a profit and any other specifics peculiar to your business.
Posted on: 28th Dec 2018
The secret to a better lifestyle, an investment lifestyle, isn’t by waiting to first have monthly earnings like a Femi Otedola or the annual income of a Dangote. No! You don’t have to be making insane money to live a financially secure life. You don’t need a promotion to MD before you make buying insurance policies your priority. You can be an employer or an employee, you may hold a white-collar job or you might even be an entrepreneur, but whatever you do, you are not unfit to kick-start a life funded by investments.
At African Alliance, we believe that life should be wholesome and that one of the greatest achievements you can make while alive, is investing in insurance policies that will benefit you and cater for your family should the tides of fate no longer favor you.
There are policies that seek to only insure life and that’s about it, but we’ve made it a top priority to insure life and assure you a certain lifestyle while at it. It is not an illusion when we say you can enjoy a plush lifestyle purely hinged on insurance investment policies uniquely tailored to give you the best life.
Allow us to introduce to you, three (3) of such peculiar insurance policies that will get your investment lifestyle underway.
How incredible will it be if we told you that you could save money, earn interest on said savings and automatically attain a life cover? Almost too good to be true, right? But guess what? It’s as real as it gets. From as low as N4999.99, you can invest in your future by making savings which generate a 5% interest paid to you. This is of course in addition to the life insurance your family is awarded, should anything happen to you.
With this policy, you are allowed to make an investment by pulling together savings that will result in earnings where the payout is up to 30%. In every one-third of the period of cover, the payout will suffice. If you were thinking of making savings elsewhere, this plan allows you to put your best foot forward in one fell swoop. This is because, in addition to your savings, this hybrid investment plan comes with a life insurance cover as well. Your money literally appreciates within the duration of the plan and you can always cash out when it matures.
There are very few things in life more worthwhile than your children and so it’s no wonder that parents often do their best to invest in the educational future of their young ones. Therefore, the children education plan was created to do justice to parents who aspire to give their children quality education. The secret of some unassuming people around you who have kids in some of the best schools is the children education plan. It allows them to invest and look out for their children while they’re alive and even when they are no more.
Amazing stuff isn’t it?! Talk about living the life even on the occasion of your demise, as these insurance policies will have you so well invested, you and your family can finally have one less thing to worry about. All you have to do is make the decision and set the ball rolling because if it’s cover you seek, African Alliance got you covered.
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