In this episode, we look at 25 simple but powerful principles that can help your business succeed in Nigeria. Often overlooked or underutilized, they can mean the difference between a thriving business and a dying one. You can read along on Medium. Get more business ideas on our website Biz Column. Listed below are the principles addressed.
- Division of Labour
- Economy of Scale
- Return on Investment
- Self-sufficiency
- Sustainability
- Scarcity and Choice
- DIY
- RRR (Reuse, Repurpose, Recycle)
- Research and Development
- Brand Identity
- Value Proposition
- Adaptability
- Customer Service
- Delayed Gratification
- Market Research
- Customer Acquisition
- Less is More
- Nepotism Begets Ruin
- Diminishing Returns
- Pennywise, Pound Foolish
- Opportunity Before Dreams
- Family Business
- Entrepreneurship
- Start Small
- Keep Records
Hope you find it useful! Also, check back for more insightful episodes.
