DEVELOPING SOCIAL CAPITAL FOR BUSINESS GROWTH- How to Ignite Your Networks for Business Impact

Several professionals have considered the entrepreneurship option at one time or the other. For some, the risk involved is just too high. Some even ventured into entrepreneurship and failed. While some of the business failures are attributable to the harsh business environment, poor infrastructure, wrong business model, inadequate access to funding, regulatory somersault, and extreme competition from the large players, one silent business “killer” is the absence of a strong social capital (key contacts and networks) by the entrepreneurs or business leaders, or what people generally…

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Corporate Governance Issues In Not-For-Profit Organizations (NFPOs) In Nigeria

Not-for-Profit Organizations (NFPOs) are voluntary organizations that are not state controlled. NFPOs play an important role in bridging the gap between the government institutions, donors, agencies and the communities; organizing poor people, facilitating collective action, representing the poor in advocating for their rights and in some cases supplying basic amenities to sustain livelihood. NFPO’s are an important part of a democratic fabric, driving accountability and responsibility in political leadership. Similarities and Differences between  NFPOs and for profit Businesses in Nigeria. There are a number of similarities…

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Business Structure, Corporate Tax and Tax Incentives in Nigeria

This article on business structure, corporate tax and tax incentives is a response to the requests from some entrepreneurs and business leaders that participated in a recent seminar I facilitated for some agricultural and manufacturing companies in Lagos. These participants are interested in fully complying with the tax laws, but are also interested in the approaches for optimising their business tax position without stepping into the realms of tax evasion (which is illegal).  The legal structure of a business or a business transaction has the potential…

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Business Lessons “Takeaway” From A School Inter-House Sports’ Competition

I attended the annual inter-house sport completion in my children’s school on Saturday 11 March 2017. This was tough for me as I had a very busy Friday and worked till the early hours of the day. While I was enjoying the entertainment being provided by those kids during the various track and field events, I couldn't help but take some lessons from that event, especially during the relay race competition. The following are the keynotes: 1.     DEVELOP BUSINESS, NOT ENEMIES. Business can be a strong competition…

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