10 COMMANDMENTS FOR BUSINESS STARTERS IN NIGERIA
Dear Business Starter, 10 COMMANDMENTS FOR BUSINESS STARTERS. 1. Thou Shall Not start a business without having a feasible business plan in place and some basic consultations no matter how small. 2. Except typically necessary, Thou Shall Not rent a shop/office, if it will bite into more than 50% of your startup capital. Negligence to this is a fast way to failure before you start. 3. Thou Shall Not hire staff you do not have at least 6months financial plan to cater for. 4. As much as possible, Thou Shall Not start a long term business with a short term loan. You will only put yourself under undue pressure and eventually shoot yourself on the foot. 5. Thou Shall Not start a business basing all your patronage expectations on family and friends. Most times they don't patronize jack! 6. Thou Shall Not divert your business capital into frivolities. Remember, when you spend money on what you don't really need, you end up lacking what you would really...