Time is the biggest asset of all, and entrepreneurs can have more than 24 hours a day if they buy it from others. Entrepreneurship is a calling that not every person is meant to answer. For those who do, there are many rewards and many achievements to be had. However, with each opportunity for success, there are risks of failure and downfall, and there are easily avoidable mistakes that can have a huge impact on their businesses. Many major errors go unnoticed, leaving business owners unaware that the choices they make are having negative consequences on their organization. Thankfully, once…

Bank of Industry has said the country’s entrepreneurs don’t have the habit of repaying loans, saying its non-performing loan portfolio awarded to entrepreneurs ranges between 80 and 100 per cent. The bank’s managing director, Olukayode Pitan, disclosed this recently at the first edition of the community engagement development workshop organised by the Arthur Mbanefo Digital Research Centre (AMDRC) of the University of Lagos (UNILAG), Akoka. The workshop, with the theme; “Building the Nigeria’s Economy for the Immediate Future: The Role of Innovation and Entrepreneurship and Startups Creation,” featured scholars and industry leaders including the director of the university’s Institute of…

MTN Group Ltd will begin book-building this month for a public offer to sell up to 575 million shares in its Nigeria business, South Africa's biggest telecoms operator said on Thursday, as it reported higher third-quarter revenue and core profit. The company, which has been exiting or reducing its stakes in some areas including its Ugandan and Zambian units, said the separation of fintech and fibre assets was on track. MTN, which along with Vodacom Group Ltd controls more than 70% of the South African mobile market in terms of subscribers, said this month's bookbuilding exercise would target institutional investors…

Don't overly complicate things when launching your business. Instead, follow this advice from a successful entrepreneur so you'll do things right. When launching a new business, product, or service, the most common mistake entrepreneurs make is trying to do too many things at once in the belief that going to market with “more” is better. It isn’t. During your initial launch period, or when relaunching new products or services, “more” means additional risk. More also means unnecessary complexity, as well as additional time to market, so more capital will be required. Below are some important things to remember as you…