SME Growth Desk

21/03/2024

"When you sell in desperation, you always sell cheap."

— Peter Lynch

21/03/2024

SMEtips:

Your marketing strategy should be consumer-centric, not product-centric.

Focus more on solving your consumers' problems and they'll pay for the value you provide.

02/11/2023

2024 beckons is in 2 months.

There are things:
You Could do
You Should do
You Must do

List the "Could Dos", Prune them down to "Should Dos". Further trim them to "Must Dos" & Focus on ex*****on.

Do these for the next 60 days to become unrecognisable next year...

12/08/2023

"What if you fail?" isn't the question you should be asking yourself
"What if you never try?" is the question

10/08/2023

Become a ghost for 6 months.
Make everything your fault.
Find the beast within you.
Throw yourself into pain.
Cut out all the excuses.
Go all in on yourself.
Train like a warrior.
Work like a robot.
Eat like a king.
Reject vices.
Transform.
Upgrade.
Create.
Thrive.
Win.

17/06/2023

KEEP IT SIMPLE!

You need $400 to buy a share of that company in the US stock exchange. One company came out and said you can also buy a portion if you have just $1, $2 , etc. Magically, Robinhood invented an amazing business model in America. They call it fractionalization, splitting of shares, tokenization and many more names.

Forget the name, all we know is that it did one thing: it offered ordinary people ways to own portions of companies irrespective of their financial capacities. In the past, you must have at least $400 to buy a unit share of that company. Today, you can own a portion for $5 or whatever you can afford. Through that simple ingenious new business model, Robinhood became a multibillion dollar company.

Innovation should not be a rocket science; those problems we face daily are opportunities waiting to be solved. Look at the Nigerian stock exchange, what innovation can we deploy? Look at the Nigerian housing market, what can you do? Look at our education, agriculture, etc - what simple ideas could make a great difference?

Keep it simple even though the hardest thing to execute is the simplest idea! Because everyone wants to be seen solving complex problems.

Author: Ndubuisi Ezekwe

17/06/2023

Business Idea 💡

No matter how hard the economy of a country is, there are some items people won't ever stop buying.

No matter the complaints from fellow compatriots, there are some expenses they won't stop making. Even if it is the last kobo in thier account they are ready to expend it on those things.

Do you know those items and expenses ? If you do - invest in such businesses Now!

17/06/2023

CBN confirms 43 banned items policy remains, not eligible for forex in I&E window
Do you know what these 43 Items are?
Well... here is the list of the 43 non-eligible items.

Rice
Cement
Margarine
Palm kernel/palm oil products/vegetables oils
Meat and processed meat products
Vegetables and processed vegetable products
Poultry – chicken, eggs, turkey
Private airplanes/jets
Indian incense
Tinned fish in sauce (geisha)/sardines
Cold-rolled steel sheets
Galvanised steel sheets
Roofing sheets
Wheelbarrows
Head pans
Metal boxes and containers
Enamelware
Steel drums
Steel pipes
Wire rods (deformed and not deformed)
Iron rods and reinforcing bars
Wire mesh
Steel nails
Security and razor wire
Wood particle boards and panels
Wood fibre boards and panels
Plywood boards and panels
Wooden doors
Furniture
Toothpicks
Glass and Glassware
Kitchen utensils
Tableware
Tiles – vitrified and ceramic
Textiles
Woven fabrics
Clothes
Plastic and rubber products, polypropylene Granules, cellophane wrappers
Soap and cosmetics
Tomatoes/tomato paste
Eurobond/foreign currency bond/ share purchases
Dairy/milk
Maize

The question for aspiring small and medium scale business owners in Nigeria is "Which of these items can you start, network or leverage for profitability?

07/06/2023

🔥NEW BLOG POST ALERT 🔥

"Received a letter from the tax office about a default? Don't panic! Don't go on social media claiming whether the tax regulator is right or wrong. Check out our latest blog post for 10 essential steps to take and navigate through this situation with confidence.

https://smegrowthdesk.com/10-things-you-should-do-if-you-get-a-letter-from-tax-office-that-you-have-defaulted/

💼💰 "

Receiving a letter from the tax office informing you that you have defaulted on your taxes can be a stressful experience. It's important to approach the situati

22/05/2023

Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.