Business News

You see it all the time in business: people who are vocal about their achievements, who assert their opinions, and who have a certain swagger. The person may be a boss, a coworker, or an employee. But how can you tell if the person’s behaviors come from a place of confidence or cockiness? What’s the difference? And why does it matter? The whole key to a cocky person’s persona is that they exude confidence that masks inadequacy. Cocky people don’t have the ability to perform at the level required, so they have to make themselves look good through arrogant, boastful…
I've long believed the only person who thinks a particular meeting is important is the person who called the meeting. Science backs me up. A meta-analysis of more than a decade of research shows 90 percent of employees feel meetings are "costly" and "unproductive" and that they're right: Employee productivity increased by over 70 percent when the number of meetings was reduced by 40 percent. Still, sometimes meetings are necessary. Maybe that's why smart leaders – and, as you'll see in a moment, leaders who look out for the best interest of their employees – prefer walking meetings. Like Richard…
Traditionally, when founders start a business, the first thing they seek is financing, even before mastering the numbers. They mistakenly believe that generating the first sales indicates the liquidity and health of the business. I have known companies that generate up to $5 billion in sales but, behind the scenes, lose half or more of that in operational expenses. Sales are important but not the true indicator of the cash the company has. Cash is the lifeblood of companies. It is the fuel that propels them forward and helps them grow. You can keep a company moving with operational issues…
"We do such great work, and no one knows or cares!" This was the fundamental complaint of the large complex organizations that came to my firm for help with their brand image. They felt underknown and undervalued, and it hurt. The solution was not jumping into advertising or PR campaigns. Instead, it begins with them getting super-clear on their core identity-and determining if they were being who they wanted to be. As part of the process, we ask these challenging questions: In a few words, what is the core of your organization's identity? How do you want the world to…
You can't win as a new venture founder working alone. You need to have business relationships with team members, investors, customers and myriad other support people. That doesn't mean you have to be a social butterfly to succeed or introverts need not apply. It does mean that you need to look, listen and participate in the business world around you and network through all available channels, like business-oriented social networks online (LinkedIn), local business organizations (Chamber of Commerce) and events or conferences in your school or industry. I hope all this seems obvious to you, but I still get a…
Central Bank of Nigeria (CBN) has lifted its restrictions on the importation of milk and dairy products. On February 11, 2020, the CBN added milk and dairy products to the list of items not eligible for forex. However, in a notice to customers, Zenith Bank said the regulator had provided an update on eligible items for foreign exchange in a notice to commercial banks on March 12. “Please be informed that the Central Bank of Nigeria (CBN), through its circular Ref No. TED/FEM/PUB/FPC/001/010, dated March 12, 2024, has provided an update on eligible items for foreign exchange (Non-Valid for FX),”…
A majority of people, 95%, intend to look for a new job this year, according to a January 2024 survey by jobsite Monster. And many anticipate it will be challenging. More than half, 68% say they think it will be difficult to find one given the state of the economy. While finding work opportunities can be challenging, there are ways to conduct yourself that could make doing so even harder. “There’s something called validation seeking behavior, aka desperation,” says Lindsay Mustain, a former Amazon recruiter and current CEO of career coaching company Talent Paradigm. She adds that “it’s that ‘pick…
I’ve always thought that promotions were largely based on how hard you worked, or how long you’ve been at a company. While those two qualities may play a role in someone moving up the corporate ladder, I recently learned that bosses often look for something more subtle as the deciding factor.I chatted with Bill George, a Harvard Business School executive fellow and former CEO of health-care company Medtronic, who told me the top traitleaders look for when considering employees for a promotion is someone who guides and inspires their team.People who “focus on doing an outstanding job in leading [their]…
Whether or not you get hired by billionaire Mark Cuban comes down to two qualities: culture and competency. They’re the “two things that matter the most,” Cuban said during a MasterClass course released last month. “Are they competent enough to do the job? And do they fit in the culture of the organization? If they fail on either one, you’re going to be in trouble.” Culture is more important than raw talent, Cuban said. Most of the workforce agrees: 56% of workers rank a strong workplace culture as more important than salary, with more than 75% of employees saying they’d…
Friday, 15 March 2024 04:41

4 powerful ways to set goals like a pro

Setting goals is the way most of us get things done – in life and in business. We set the goal to get a new job or move to a new place. We set the goal to learn how to speak a new language or make money by investing in real estate. And when it comes to delivering the very best products and services to our customers, we set goals to give our people direction and a target to shoot for. The thing is, many leaders spend far too much time creating long lists of goals and too little time…
June 08, 2025

Nigerian Stock Exchange surpasses N72trn milestone as investors see massive gains

The Nigerian Exchange (NGX) achieved a historic milestone this week, with its market capitalization breaking…
June 02, 2025

Afenifere blasts Tinubu: ‘Midterm report shows woeful failure, economic deforms, and rising despair’

The pan-Yoruba socio-political organization, Afenifere, has issued a scathing midterm assessment of President Bola Tinubu’s…
June 07, 2025

Are boiled eggs good for you? Here's what experts say

Caroline C. Boyle If you’re after a nutrient-dense breakfast, boiled eggs are a quick and…
June 07, 2025

‘Nigerians are marrying all our daughters’, Kenya’s President Ruto, cries out

Kenyan President William Ruto has stirred up a storm on social media with his provocative…
June 06, 2025

Gunmen kill two policemen, abduct Chinese in Kwara

The Kwara State Police Command on Thursday confirmed the killing of two policemen and the…
June 08, 2025

What to know after Day 1200 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russian military retaliated against Kiev’s ‘terrorism’ – MOD The Russian military has said…
June 08, 2025

Let God back into the lab: Why science without God is failing us

David Rives In recent decades, a subtle and sinister revolution has occurred in our scientific…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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