The ultimate guide to building a successful MVP. No business wants to spend resources on a product only to discover it doesn’t have a market. In this day and age, many business owners grapple with the vacillating certainty that their brilliant product idea will resonate with their target audience. The traditional approach to this dilemma…
A team is a group of people who perform interdependent tasks in a bid to work towards accomplishing a common mission or specific objective. A high performance team guarantees a higher work rate, improved quality and productivity, greater innovation and promotion of cross-functional understanding {especially of a product yet to be launched into the market.}…
Digital lending companies are financial technology (fintech) companies that provide loans to individuals and businesses through digital platforms. In Nigeria, digital lending has gained significant popularity in recent years due to the high demand for credit and the limited access to traditional banking services. There are several digital lending companies in Nigeria, including Carbon, Renmoney,…
What are Card schemes? Card schemes play a crucial role in enabling users to carry out transactions using their debit, credit, or prepaid cards. For instance, when you use an ATM or make a purchase at a point-of-sale (PoS) terminal, the technology behind that transaction is provided by a card scheme. In Nigeria, there are…
Productivity is a concept that almost everybody is familiar with in one way or another. However, there can be nuances that affect its extent. Startups and business
Welcome to another lesson in the “lessons from nature” series!! In this lesson, I will be talking about the importance of business relationships. We all interact (relate) in one way or another with our environment. I am defining the environment as everything living or non-living that is physically distinct from our being. First, I will…
Innovation is a word that most times sounds so bogus that it can almost pass as a fluff word!I am an innovative expert. Well.Hello, can you tell us what you do and quit being vague?Data science, Big data, and Machine learning are new words that buzz a lot in the tech space in this 21st…
One of the most significant dilemmas of businesses is determining product-market fit. It is the ultimate race to find that product with the right combination of profit potential and consumer acceptance. Product/Market Fit means being in a good market with a product that can satisfy that market. Marc Andreesen Why is a business in search…
Everything is business.Many people tend to be very rigid in defining what a business is, making assumptions that are not in tandem with the core concept of doing business. Business is simply an exchange of value. Rebecca Knapp The exchange of money to get that value does not represent the entirety of what can be…
There is a need for founders to delay gratification when it comes to their new enterprises. This article takes an in-depth look at lessons from nature backed up with live case studies to see how delaying gratification can affect the success of startups. Related: Lessons from Nature: Waiting for Maximum Productivity What is gratification? Gratification…