Are you thinking of starting an HR Outsourcing Company in Nigeria but don’t really know how to get the idea to reality? If yes, then it’s the right time to stop worrying. But before we got the real ball rolling, I guessed you already known what HR Outsourcing Companies does?
If you’re conversant with job search in Nigeria, you would had probably have a better understanding of the concept Human resources, outsourcing and its management.
However, this article is meant to educate and enlighten your dark end in this concept, just in case you find this aspect of business interesting and would like to venture into it.
Outsourcing business in Nigeria is on a leading pace, and will remain a veritable source that will still create millionaires with ease, giving to the number of students graduating from the tertiary institutions yearly.
These students having graduated ultimately turn to the labour market thus creating a favourable business ground for recruitment agencies who make money by simply assembling, screening and training job applicants then hand them over to employers in need of human resources for employment.
With that out of the way now, if you’ll like to start an HR Outsourcing Company in Nigeria, kindly read each paragraph of this guide with intense concentration as if it’s a onetime life opportunity that’ll never come your way again.
What is HR Outsourcing? – Understanding the Concept HRO Companies
The abbreviation, HR stands for “Human Resources”.
An HR Outsourcing Company in Nigeria or any part of the world is responsible for finding employee, screening, recruiting and training these employee, in turn hand them over to employers who in one way or the other needed their services.
These employers could be; financial institutions like banks, corporate organizations, government establishments as the case may be. It then stands that there are no limit to category of employers who could demand the services of a human resource outsourcing company in Nigeria.
Function and Benefit of an HR Outsourcing Company
You may understand this concept better with the illustration below
Assuming a job hunter Mr. Michael Olgade approaches XYZ HR outsourcing company in Nigeria for a job opportunity, XYZ outsourcing will in turn access Mr. Michael Olgade having received his resume. If the applicant here, Mr. Michael Olgade meets the required standard, he’s then screened, got trained and will be made available to say a corporate organization RTY who depends on XYZ HR outsourcing for its employee. RTY however pays XYZ HR outsourcing either a onetime fee or monthly via possible deductions from Mr. Michael Olgade’s monthly salary.
Here is the benefit:
It then stands that the outsourcing firm will continue to make money from Mr. Michael Kennedy so long he’s still on RTY payroll.
You can now see that it’s a continuous process that will allow you to make money off an employer and his employee for as long as the contract remains valid. I’d want to believe you now understand the entire concept and how it works.
Having understand this business, I will then walk you through the processes involved in setting up not only a HR outsourcing firm in Nigeria, but a successful HR outsourcing business.
7 Steps to Launch Your HR Outsourcing Company in Nigeria
1. Business Registration
This is about the most sensitive department of your HR outsourcing company that must be given the attention it deserves. Business registration gives your firm an upper hand in so many sphere of outsourcing.
Recall, you would be dealing with corporate organizations, financial institutions and government agencies who would mostly not do business or go into contract with a non-registered business for varying reasons around legal protocols.
Aside that, getting your business registered gives it a face lift it deserves ordinarily, firms and other businesses would find it reasonable and comfortable enough to take up a deal with you.
Other benefits of getting your HR Outsourcing Company in Nigeria registered include but not limited to;
- Having registered, your business would be issued a Certificate of Incorporation by the Corporate Affairs Commission (CAC). This certificate is usually required when you want to carry out some profile business transactions. Even corporate account opening in any Nigerian bank, it’s a legal document that certifies that the government of the day is aware of your business.
- It serves a legal protection in case of legal battle: Your business is a different entity from yourself when registered as a limited liability company. What this stands to imply is that, should you run into trouble on the course of doing business, you cannot be sued, rather the business is being sued and served. In time like this, you can go about doing your business while your team of legal department attains to that.
- There is a business continuity: Your business will continue to flourish even without you being present or actively involved once you have set down a systematic structure. This likewise means that the business will outlive you in person.
There are numerous advantages that goes with getting your business registered, time will not permit me to take them up one by one. But the good news is that I got a complete guide here on how to register your business or company with CAC in Nigeria
I can also help you get your business registered with the CAC within a week and you’ll collect your certificate in your state capital only. If you’re interested in this offer, click here to contact me or WhatsApp here: 080 6886 6068
2. Get a business attorney
As a HR outsourcing company in Nigeria, you need to have a business Lawyer. If you think you can save money for not having a business Lawyer in place, you will end up losing more money than you’d ever saved.
It doesn’t cost anything to create a legal department for your business, a lawyer has the sole responsibility of advising you right.
Your legal department will take care of legal proceedings in case you run into hot waters on the course of your business. While you go ahead with the day to day activities of the company, your legal department are sorting out legal issues, this help eliminate any clog on the wheel of your success.
You may be asking that what legal issues the business could incur that I should employ the services of a lawyer?
To make it clear, outsourcing business is a very dicey one, you will find yourself in and out of contract both from the client and the employee end.
There are situations where an employee seconded to a firm or corporation commits fraud, or caused the client physical, material and financial lose, the client will quiz you legally so long it aids her to recover loses and possible damage caused her by your employee.
Let me reiterate, before you go into business with your supposed client, you ought to have signed deed of agreement and related documents that binds the both businesses together, should any party drift or fails to keep or reorganize the dictates and contents of such agreement as duly stipulated, the other party has the right to seek redress.
Your client could seek refunds on damage out of proportion as contained in your agreement, you have the right to go to court. Your employee could deliberately want a legal battle with you having committed fraud, why would they go the extent of taking a battle with you, because they may possibly have legal prowess. This is why you need to get yourself prepared.
I do not mean to scare you out of starting an HR Outsourcing Company in Nigeria with this point, but to keep you abreast on the possible eventuality that may arise en route to starting an HR outsourcing business.
3. Rent an office
Outsourcing business demands you have a physical office, it’s very necessary for your progress, this is a location where job hunters can easily visit to onboard. Your office should have a descriptive address and very conspicuous.
Additionally, this is a place where you conduct employee interview and training, it’s necessary to understand that you’ll have influx of job hunters once they get to realize you run a job outsourcing firm.
You may have to make provision for the following in your office:
- Desks/chairs and tables smartly positioned where intending employee will have to sit for exams, while you evaluate them.
- You may have to employ a female secretary who will deal with documentation and filing process and interfacing with job hunters in your absence.
- You will need either a desktop computer or a laptop, where you’ll save document, files and keep other materials you will need to retrieve from time to time.
- Make provision for alternative power supply, just in case you have crowd for interview or do some system work.
- Upgrade to advance office as the business grows
4. Get a Company website
The power of a website cannot be underestimated, a website for HR Outsourcing Company in Nigeria aids in getting more exposure than you can ever imagine, job hunting has gone digital and you need to be seen as an authority.
Prospective clients could contact you via your company website and close a deal with you faster than you could ever imagine.
You need to be seen and heard online, that’s where the business is, job hunters can as well get to contact you via your web page, and the advantages are numerous to mention.
Your website should contain the following;
- About page: This page should clearly tell and state the services you render, it should be aimed at convincing your clients to hook and onboard for business. Tell them how good quality employee you can make available to them, do not forget to state the milestones you’ve achieved in the industry if any.
- Contact page: Your contact page should show clearly your office and business address, phone number and email and web address
- You may include blog about employee, employer and business relationship, just for the tune of the business. How to make a good and productive employee etc.
- Application page: This is a page job hunters are expected to complete online before visiting your office for documentation. You can as well collect the hard copy as the case may be.
- Get a complementary card for your business, don’t let this embarrass you.
If in case you need someone to build, design or maintain your company website, kindly shoot me a message and I’ll be happy to get you a professional website. Contact me here or WhatsApp: 080 6886 6068
5. Outreach/Pitch Clients
It’s time to contact your potential clients who are usually employers of labour in the right sense of perception.
Employers are the currency of your business as a HR outsourcing company in Nigeria, you will need to satisfy and exceed their needs, render a quality service by shopping and recruiting employee who are passionate about their job.
I called this point outreach because it has to be a physical contact having established a kind of relationship business wise either through mail or other communication platforms.
You need to look around and start from your immediate environment, look around, how many businesses you can identify within your area, I mean corporate organizations who could be referred to as employers of labor.
There are manufacturing industries, blue chip companies, government establishments, banks etc.
Having identified them, kindly get their contacts and do a mail to the human resource department of such firms.
Itemize your services in clear terms, request to have an appointment so you can iron things out decisively and business wise.
Go around and talk to so many employers, the more the merrier, you will surely land a deal, be mindful of negotiation, do not price yourself too high and do not price too low as to question your ability to render quality service.
Shop around the industry and get a first-hand information on pricing.
Note: Pricing is subject to qualification, you are expected to pay a HND holder a bit higher than you do an OND, like-wise B.sc in principle and so on.
6. On-boarding employee
It’s time to recruit your first set of employee, wonder how to get them, you do not need to stress out about this, just print handbills and posters, paste at strategic points in town, with your web address, email address and phone number clearly written.
Do your publicity on social media platforms, tell friends and colleagues, they’ll will glad to tell applicants at no cost to you.
Just get ready to take calls and respond to emails, you’ll be surprise at the rate of turn up.
But wait, apply strict measures in your screening, pick the best out of the best for your first and second sets of clients for individual clients alike.
These are your goods, understand the need to deliver quality employee at this point, it’s not negotiable, this will open the floodgates for subsequent business going forward.
7. Employee Guarantor form
This is a form given to an applicant by the recruiting or outsourcing agent, the content of this form is high case security sensitive.
In this guarantor form, categories of people who are permitted to guarantee the applicant are enlisted, usually professionals of various ranks as deemed suitable with the company’s risk appetite. You could as well have traditional rulers as specified in the content of the form.
Now the essence of getting these guarantors to fill and sign the forms for an applicant is to stand in as Surtees, you know why? You are dealing with people from different backgrounds who could be prone to fraud and other unforeseen mishap.
If by any eventuality they abscond with the employer’s money or commit fraud related offence that resulted in loss of funds, the employer or client will reach out to you as the HR outsourcing, you then reach out to guarantors of the employee to indemnify the client duly.
Putting the client/employer into any form of financial or material loss in a fraudulent means is tantamount to endangering the guarantors who repose high degree of confidence and trust in the employee.
For the record, the content of a guarantor’s form is very scary that it takes people with extraordinary confidence in you to endorse.
Why am I saying this, we’ve had cases where family members refused to sign or endorse for relatives, giving that there are series of warnings contained in the form which is aimed at enlightening the guarantor to understand the contract he/she is undertaking.
The position of the law as contained therein is to indemnify the employer to the last kobo in event of fraud or loss of funds.
If by any chance people turn down your request for guarantor, kindly understand and move ahead, do not make a meal out of it, you might probably do same if you were in their shoes. Intensify your search and you’ll get someone who will trust you enough to stand by you if you’re the applicant.
Advice to applicants: Please be honest with these guarantors forms, do not fake them, the outsourcing agents have field agents who travel far and wide, length and breadth of this country to confirm the authenticity of your guarantors.
They will visit your supposed guarantors as provided and confirm their identity, if you fell short in this area, your employment will be terminated, then get you arrested to pay every damn loss they incurred on you as perceived.
Rounding off – Starting an HR Outsourcing Company in Nigeria
It doesn’t cause a thing to start a HR outsourcing company in Nigeria, follow the guidelines as stated and you’ll be on your to setting up a business you will live to enjoy without stress. If this guide worth your time, do show some love by sharing it.
Raphael Orji is a freelance writer with core interest in banking, entrepreneurial and business development, professional blogger and a content marketing consultant, check out his blog at https://www.financengr.com
GIG Logistics Branches and Location (Addresses) in Nigeria
GIG Logistics by GIG Mobility is one of the leading logistics companies in Nigeria due to the company’s mode of operation. Delivery is fast and the fee is not as expensive as other competitors.
If you’re trying to ship your stuff across the country, or to other countries like in Africa, the USA, the UK, etc., GIG Logistics can be your sure plug.
But as a new customer, you may not know how to contact them. The good news is that you can do more with the company via their website (giglogistics.com).
But in case you need to visit one of their branches very close to you, and you don’t know where to go, I will be covering that in this blog post.
Important Notice: In case you don’t find your city on the list, don’t panic. GIG Logistics can still deliver to you but you may need to contact them via email or telephone call if you’re the one sending.
If you’re not sending but receiving, you don’t need to stress yourself, just be available when it’s time for delivery.
You can easily click on your state in the table of content below rather than scrolling and scrolling till you miss what you’re looking for.
Here are the locations;
GIG Logistics branches and location in Nigeria
GIG Logistics Head Office in Nigeria
GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway, Beside Eterna Fuel Station, Gbagada Lagos, Nigeria.
SICCONS PLAZA, Opposite Unity House, Beside Lifemate Furniture, Garki Area 11
House 38, 3rd Avenue Gwarimpa, Opposite Union Bank Abuja.
No 10 Ajibade plaza beside okay Japan Electronics.Park Road Gwagwalada .
Block, 43, Gado Nasko way, opp 2/2 Court Kubwa.
Opposite Ignobis hotel plot 17 Gidin dutse layout, kubwa.
Abraham Plaza, Suite A13 Plot, 6 A.E. Ekukinam St, Utako Abuja
80 Aminu Kano crescents opposite Sherif plaza beside Wema Bank Banex wuse 2
Maraba Experience Center
No 132 GIZA PLAZA OPP CHRISGOLD PLAZA BESIDE MTN OFFICE MARARABA
Madalla by Mobil, along Abuja – Kaduna Express Road.
Plot 113 I.V.W. Osisiogu Street, beside Utako Police Station Utako Abuja.
206, Zuba Market, Opp. Lagos Line, Zuba
Cs1 Ground Floor Corner Stone Plaza By Dobbil Avenue Along Phone Village Road, Electronics Section Alaba International Market.
KM 25, Lekki-Epe Express way, Ajiwe-Ajah.
KM 22, Lekki-Epe Express way, Opp. Jeffrey’s Plaza, by Abraham Adesanya Roundabout, Ajah.
41 Shasha Road, Akowonjo Junction, Dopemu, Lagos.
Km 36, Lekki-Epe Express Way, by Ogunfayo Bus Stop, Eputu, Awoyaya Lagos.
103, Okota Road, Cele.
1st Avenue Road, Festac first gate, besides INEC office, Festac town, Lagos.
7, Hospital Rd, Ifako, Gbagada, Lagos.
Gbagada Express Center
GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway,Beside Eterna Fuel Station, Gbagada Lagos
9, Medical Road, former Simbiat Abiola Way, Opp, Zenith Bank.
103 Awolowo road, Ikoyi Lagos.
16 Ikosi Road, Ketu Lagos.
Sabo Road Garage, Ikorodu.
29, Idimu Road, Opp. Local Govt, Council, Ikotun, Lagos.
13C Ilupeju Byepass, Ilupeju, Lagos.
International trade fair
Shop D77 & D78, Abia Plaza, BBA, Lagos Int’ Trade Fair Complex, Lagos.
164, Lagos Abeokuta Express Way, beside Diamond Bank, Lagos.
20 Ikorodu Express Road, Jibowu, Lagos.
No 1A, Wole Ariyo Street, Beside First Bank, Lekki Phase 1.
Lekki Admiralty 2
Jubilee Mall Admiralty Way, Lekki Phase One, Lekki.
Lekki (Fola Osibo)
Ground floor Legends Place Mall Plot 29 Fola Osibo Lekki Phase 1, Lagos.
Km 17 Scapular plaza Igbo efon.
Old Ojo Road
Old Ojo Road, by Police Station Lagos.
3 Ijaiye Road, Beside FCMB Ogba.
62 Opebi Road, Ikeja Lagos.
No 25 Otto Causeway Opp Iddo bus top, Iddo Ebute Metta Lagos.
3, Abeokuta – Lagos Expressway, Sango Ota, Opp. Sango Bridge.
26, Adeniran Ogunsanya, Surulere, Lagos.
169, Badagry Expressway, Volkswagen Bus Stop.
1436 Sanusi Fafunwa Street, Victoria Island, Lagos.
Tejuosho Ultra Modern Market, Ojuelegba Road, Yaba, Lagos.
Animashaun Plaza, Beside Petrocam fuel station, Near Epe T-junction, Epe.
43, Osolo Way, Ajao Estate, Ekwu Awolo House.
No 5 Asa Road Former/Old Nitel Building Aba
8 Mission Hill, Opposite Villaroy Hotel, Umuahia Main Town
No 60 Aba Road, Close to MTN Office at Aba Road, Umuahia.
Plot 2 Bekaji Plaza, Bekaji Karewa Road, By Fire Service Roundabout, Jimeta Yola.
Ado Ekiti Center
Soladola petrol station, beside Apc secretariat, opposite moferere junction, along ikere road, Ajilosun
Ogo Oluwa Bus Stop, Gbangan / Ibadan Road, NIPCO Petrol Station, Osogbo.
Plot C31, Relief Road, by Relief Junction, Off Egbu Road, Owerri.
Landmark: After Mr Biggs beside Nepa Office, Farm Center Area, Tunga, Minna – Niger State.
No 4 Old Otukpo Rd, Opposite Dester’s by Savannah Roundabout.
No 1 IBB Way, Adankolo, Lokoja, close to Federal Medical Cente
Shops 1 & 2 Police Officers Mess, Opposite Polaris Bank, Jos Road, Lafia.
Ahmadu Bello Way opp alhaji boye coca cola Depot Birnin Kebbi, kebbi state.
Shema Plaza Ground Floor, Mani Road, by W.T.C Round-About, Katsina State.
No 1 bompai road by Tarawa Balewa way, Opp Grand Central Hotel Kano.
Centro Plaza, Opposite Buk Old Site, Kabuga, Kano.
No 32 Zoo Road, Opposite Shoprite, Kano.
8 Ahmadu Bello Way, Off Kastina Roundabout, City Plaza, Kaduna State
Lagos Garage by Airforce Mami Mando, Kaduna State.
Nnamdi Azikiwe Expressway by Command Junction, close to Samrada Fuel Station (beside 911 bakery).
Dairu Garba Plaza, 18 Sokoto Road, MTD Junction By Nnpc Filling Station, Sabon Gari, Zaria.
Plaza 1080, Yakubu Gowon way, Dadin kowa second gate.
Angwan Soya Zaria Road bypass, Opposite Jankwano Bingham University Teaching Hospital.
Government House Round-About, Asamau House Block B, Number 8, by Airtel Office, Dutse, Jigawa State.
32 Hammaruwa way. Besides former Kashere Filling Station Jalingo.
Town Planning Complex, by Sumal Foods, Ring Road, Ibadan
Suite 5, Kamal memorial plaze, former iyalode complex, opposite funcktionals clothing, bodija – UI road, UI Ibadan.
No 76 Opposite Arisekola Mosque Iwo Road Ibadan.
NNPC Mega Station, Opposite Zenith Bank, Star Light, Ogbomosho, Oyo State.
190, Ibrahim Taiwo Road(Upper Taiwo), Opposite Primo Pizza / Chicken Republic, close to new Wema Bank, Ilorin.
No 1 Umar Audi road, Fate Road, Tanke GRA, besides Hotels Mirabilis. Ilorin.
7, Market Road, Holy Ghost Park, Opp. State Library, Ogui, Enugu.
67, Zik Avenue Uwani Enugu.
No 64 Owerrani, Enugu Road, Nsukka.
202, Uselu Lagos Road, Ugbowo Benin City.
112, Akpakpava Road, Benin City.
Shop 1, Omegatron Plaza, 47 Airport Road, Benin City.
42, Benin/Agbor Road, Oregbeni, Ramat Park Benin City, Edo State.
Okene Express Way, Opp Auchi Polytechnic, Auchi.
Ukpenu Road Opp. Grail Message Centre, Akahia, Ekpoma.
Asaba Onitsha Expressway, By Head Bridge.
445, Nnebisi Road, opposite Zenith Bank, Asaba.
SUIT 53/54 INDEPENDENCE MALL OKPANAM RD, ASABA.
138, Effurun-Sapele Rd, by Airport Junction Warri.
116, Effurun-Sapele Warri Road, Effurun Opp. Our Ladies High School.
29 Ndidem Usang Iso Road ( Aka Marian Road) Calabar.
Shop 7, Yandoka Road, Adjacent MTN office. Opposite First Baptist Church, Bauchi State
Kpansia Epia, Opposite Wema Bank by INEC Junction, Yenogoa
Pam House, Tamic Road and School Road, Okutukutu By Isaac Boro Expressway, Yenogoa
Elite Shopping Complex Opp Crunchies fries, Enugu/Onitsha Expressway, Awka
2 Awka Road, By DMGS Junction, Beside All Saints Anglican Cathedral, Onitsha
No 73 – Owerri Road, Martina Chukwuma Plaza (Innoson Plaza), Opposite The Salvation Army Church, Umudim Nnewi
Akwa Ibom State
3, Monsignor Akpan Avenue, Itam industrial layout, opp Timber Market, Itam.
No 108 Oron Road, beside the First bank, Uyo.
No 22 Oyemekun Road by Cathedral Junction Akure
LACFOG PLAZA Adjacent Choba Police Station East-west Road Choba PHC.
No 118 Off Woji GRA, Same Building with Miskay Boutique By Bodo Junction, Port Harcourt.
No 9 Stadium Road, Beside Benjack, Port Harcourt
Cocaine Village Junction, Off Aba Rd, opposite Genesis, Rumuogba, Port Harcourt.
PHC Peter Odili
No 89 Peter Odili Road Port Harcourt.
PHC Ada George
No 18 Ada George By Okilton Junction, Port Harcourt.
3/4 Maiduguri Road Gawon Nama Area
C 1, A A Master Plaza Canteen Road Gusau.
This is the complete list of GIG Logistics and their location in Nigeria. If you have any questions regarding GIG, kindly contact them directly. You can see how to contact them via their website at https://giglogistics.com
If you want to ship an item from the USA stores like Amazon, eBay, etc., to Nigeria, you can read my guide on how to ship with Heroshe Logistics.
7 Super Professional Tips to Build a Successful Business in 2022
It is a new year and you’ve been thinking of how you can build a successful business but don’t know how or where to start. Let’s talk about that and see if you’ll learn something, or be inspired.
Some businesses fail because they’re following old blueprints which no longer work effectively to build their startup.
We’ve learned a lot between 2020 and 2021, and we’ve seen how businesses are affected by the ongoing Corona Virus pandemic. But ideas to start or build a business are waxing stronger in us, how are we going to bring these ideas to reality?
But is 2022 the right time to start a business?
Yes, it’s never too late to start a business in 2022 and you are still going to see rapid growth if you put in all the efforts.
Regardless of the Coronavirus and its variants, you’ll agree with me that starting and building a business these days is easier compared to a few years ago as a result of technology and more investors who’re ready to provide capital for a futuristic business plan.
According to a report, investors spent more than $140 billion to support startups in 2017 and the figures have increased ever since then till date. This shows how people like you are creating something or a platform that solves a ‘problem’ and how people are ready to support it.
If you’re also planning to launch your startup, you’re welcome, it’s never too late to be phenomenal.
Aside from investors who’re ready to invest, you don’t necessarily need to build your business by renting a big hall or apartment for office use, thanks to COVID-19, you can gather your team and work remotely, while you’re saving a lot of money that will go into office setup.
If you have a good business plan or startup idea and you’re worried about what to do next, the following tips will help you get started;
7 Tips to Build a Business in 2022
#1. Do Your Research and Understand Your Mission
You see, a lot of people see other people building stuff and they got jealous to build something too – this is a wrong motivation to start a business.
You have to think clearly about what you want to do, you ask yourself: “In what way(s) can this idea or business help people?” – emphasize “help people”.
If you want to start a fashion design company, do your research thoroughly and understand that you’re about to build a type of business some people have built already. So, how are you planning to get better and beat your competitors?
For instance, can you think of a unique fashion trend and dominate it for the long term? If yes, what fashion trend and how can you hit the market with your idea?
You have to plan all these, you just don’t voluntarily jump into the ocean without knowing if it’s safe or not. If it’s not safe, then how are you going to survive?
#2. Get a Team Members with Common Goals
The spirit of being the CEO and (sole) founder is part of what’s killing some businesses and startups to date. I’m not saying you can’t build a business alone, you can! But you can’t survive alone. If you survive alone, you won’t go far alone.
You have to understand this concept. If you read about big business builders in the world, you’ll notice one thing that’s very common to them – they don’t build alone!
Bill Gates, Mark Zuckerberg, Elon Musk, etc., will tell you that they called their friends when they were about to start their company. Why? It’s simply because they need teammates who can work with them to achieve their primary and respective goal(s).
The reason is simply that if one is falling, another person will lift him. And this boils down to you looking and calling the right people to join you or else if you fall, that’s the end of the business.
So look for the right people in your circle, during meetups, on social media, share the business idea with them and be patient to see those who’ll be ready to join you.
Getting team members here is different from hiring people. You have to look for someone or some people who’re ready to take ownership of the business and work diligently.
They can in turn be your co-founder, CTO, etc… Just make sure you’re careful and patient enough to see someone with the same common goal.
#3. Start Building with the Little You Have:
You know the type of business you want to build and you have someone or some people who are ready to work with you. The next thing is to start building that business with the little resources you have.
The mistake most people make is that they’re waiting for the “perfect time” and that time translate to when they have sufficient money to invest in the business. The truth is that that perfect time won’t come unless you start now.
And I will like to say this if you’re starting a new business but you don’t have money to invest personally, you’re still not going anywhere. It’s either you get a job, make money and come back to that idea or, you sell the business idea to someone else.
The bottom line is that you have to start from you, even if you will need investors to inject capital into your business, you have to show them something – your ideas + efforts.
#4. Create Good Information and Communication Flow
As part of what you’re starting with, is how you can bridge the communication gap between your business and your target audience (investors included). That’s why you need to invest in creating that information and communication flow.
This is not a big deal at all, you just need to create an online presence for your business by getting a website, getting on social media, and investing in Email marketing or CRM tools.
If you can’t build the website yourself, you can hire freelancers to get the job done for you, there are free email marketing tools like MailChimp that you can get started with. You can hire an expert to manage your business’s social media handles for you too. The person will be in charge of content creation, posting, and attending to comments.
Having a website is very important, if it’s just a landing page, do it and let people know about your business from there and use your social media handles to keep telling people about your mission, not that loudly tho.
#5. Start Expanding the Business
You’ve tried a lot, but it’s not the time to relax. It’s time to start thinking of expansion. I mean expansion at all lengths.
If you launch your business to focus on people in Canada and they accept it with open hands, it’s time to expand to New York, and then to Paris, to Africa, etc.
In your team as well, you need to have some people who will be in charge of marketing, human resources, engineering, international relation, legal, and many departments within your company.
With great power comes greater responsibility, the more you’re growing, the more you should expand.
But what if your company can’t afford to hire people you need to run the business as you’re thinking of expanding, is that the end? No, it’s not!
#6. It’s time to Seek Business Funding
This is not a must if your business can afford to finance itself, but I bet it can. As a startup that’s at the entry or expansion stage, you need money to take care of a lot of things and some people are ready to provide that money!
There are people called Angel investors and some are called Venture capitalists, these people are in the business of investing in other businesses to make a profit. No money is too big to invest for VCs as long as your company’s evaluation is also big.
If you think your business need funding, kindly check this blog post on how to get one for your business.
#7. Don’t Stop Expanding; Invest More in Your Business
You’re not there yet. Start investing more in advertising, your team members, think of innovation and, acquire other related small businesses.
Just don’t stop growing!
I hope these tips will help you start that business in 2022 and I believe you can conquer the world, don’t worry, start today!
If you love what you just read, kindly consider subscribing, and don’t hesitate to use the comment box below to let me know your feedback.
MTN’s IPO: How to Buy MTN Shares with less than N50,000
Here is your time to shine, you can now buy MTN shares and join the leagues of MTN shareholders in Nigeria.
Nigeria’s telecommunication giant, MTN Nigeria recently announced the selling of 575 million of its shares to the public on Tuesday, November 30th, 2021. Just in case you don’t know what “shares” is, let’s me quickly tell how it works;
What are Shares?
Share simply means a percentage of ownership in a company. Those who hold these shares are called “shareholders” and you can also call them “investors”.
What that simply means is that, let’s say you buy MTN shares, you have a percentage of every percentage of the company. If the stock rises, your share rises and vise versa.
How Shares Work?
The more shares of a company you’re holding, the more decision-making power you have in that company and the more your profit if the company is performing well.
Let’s say you buy 250 units of MTN shares at the rate of N169 each, which is N42,250.
And luckily, MTN stocks jump to x10, that’s also N42,250 x 10 for you. You’ve made N422,500!
That’s just the simple idea, if you know how FOREX, stocks, or cryptocurrency work, you have the idea of how Shares work also.
But you don’t need to panic because MTN Nigeria is leading and doing well in Nigeria, investing your money to buy from their shares will be a good return on investment (ROI) for you.
…and this is a golden opportunity if you’ve been looking for where to invest your money.
Right in this blog post, I’m going to share with you how can buy these MTN shares easily and answer a few things you may want to know. But let’s start with the eligibility and requirements;
Eligibility and Requirements to Buy MTN Shares
1. You must be 18 years old and above – No minors *(-_-)*
2. You need a Bank Verification Number, BVN
3. You need a CSCS (Central Securities and Clearing System) account
4. You must behold the shares for at least 12 months, if you can’t let your money work for you in 12 months, don’t even try buying.
5. You must be able to buy a minimum of 20 unit shares, while the maximum is 250 units.
Buying MTN Shares: Other things you need to know
- The general public can buy the MTN shares from December 1 to December 14, 2021 (just 2 weeks)
The MTN share offer will be priced at N169 per one unit
- The minimum amount you’ll invest (for 20 units) is N3,380 and the maximum (250 units) is N42,250
Your stockbroker or a certified Momo Agent can help you
- Visit https://mtnoline.com/PO in case you need help
Now, let’s talk about how you can buy MTN shares before the deadline!
How to Buy MTN Shares in Nigeria
There are two ways to buy the shares, you can buy through;
2. MTN MoMo agents
Buy MTN Shares with PrimaryOffer
PrimaryOffer is a service (or product) by NGX exchange where you can buy new public offers like this MTN share. Here is how to buy your MTN shares on PrimaryOffer:
– Visit www.primaryofferng.com and click on “Get Started”
– Click on “I am an individual investor” if you’re buying for yourself
– You’ll land on a page with MTN branded banner at the top, but click on “Create an Account” to get a PO account
– Put your BVN number and correct date of birth
– Click on “Continue”
– On the next page, your primary data would have been generated from your BVN, fill out the remaining data such as “email address”, “your mother’s maiden name” etc.
– Click on “continue”
– Verify your OTP: check your email address to get the code
– If you do that correctly, your account will be verified and the next thing is to login
– Login with your email address and password
Finally, buy the MTN shares!
After you log in to your PrimaryOffer account, you will see the only shares available (MTN shares), click on the MTN logo, it will load to open a new page.
– Scroll down and put in the unit of shares you want to buy. Note that the minimum is 20 and the maximum is 250
– Check the agreement and conditions, and
– Click on “continue”
– CSCS account will be created for you, but you need to complete it manually on the next page by filling in one of your bank details
– Click on “update Bank”
– Continue to complete all necessary stuff such as uploading a proof of address, your national ID card, and your signature.
– You can as well complete your social profile
– If you’re done with that part, go back to offerings to buy the MTN shares.
Important Notice: You can also use the PrimaryOffer mobile app to do all these things.
ALSO CHECK: How to Invest in Treasury Bills in Nigeria
That’s the first method of buying MTN shares in Nigeria.
Buying MTN Shares with Receiving Agents
Just in case the steps above are too technical for you to do, you can use a receiving agent and the person will do all the hard work for you.
Receiving Agents you can use:
1. MTN MoMo Agents
MoMo agents have received training on how to help people buy MTN shares. So you can visit any MoMo agent close to you and they’ll help you out.
2. A Stockbroker
Stockbrokers are professional, if you see one, ask them for help but be careful and make sure you use a trusted broker.
So, that’s how to buy MTN shares in Nigeria.
Summary: How to Buy MTN Shares in Nigeria
– You can buy MTN shares for as low as N3,380 and the highest you can buy is N42,250
– The best way to buy MTN Shares is through the PrimaryOffer’s website or mobile app
– The public sale of MTN Shares will end on December 14, 2021 (Maybe this will be extended, I don’t know)
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