It is becoming more and more common for entrepreneurs with either large and small companies to outsource all or parts of their product development to third parties. This decision is due in large part to today’s requirements for fast-paced innovation with shorter windows of opportunity. Most start-up companies don’t have...
Year: 2019
Most large corporations have departments responsible for research and development, engineering, and testing. In many cases, the budgets for these departments are astronomical, because new products development and the continual improvement of existing products and processes are among the most important challenging tasks of high performing, world-class businesses. In the...
One of the most difficult tasks facing the entrepreneur is forecasting demand for the new product or service, particularly if that product or service has never existed previously in the market place. Much of this difficulty is due to the lack of historical data and to issues of seasonality...
It is useful to build a business model in stages. Stage 1: Identify the entrepreneur’s position in the value chain The first step in developing a business model is to identify the entrepreneur’s place in the value chain. If the entrepreneur’s company is a supplier or producer of raw materials,...
A corporate identity is what enables an organization to be easily recognized by the public and within the industry, and helps to establish its position in the market. If your budget allows, enlist the service of a designer or consultant to create an identity. Considering Image The type of corporate...
Even the most promising proposal or report can suffer from poor layout, graphics, or typography. Similarly, a brilliantly designed document carries greater – perhaps decisive – impact. If practical, use professionals for this kind of work. Assessing Design Need Whatever the document, aim for the highest practicable design standards, ...
In this era of mass unemployment, several other legitimate business avenues have been largely unexplored. It is unfortunate that the Nigerian educational system largely produces job seekers rather than job creators. However, some individuals with creative ideas have been able to start lucrative jobs that require minimal start-off capital for...
By TCB & Associates Many species of fish are farm-produced all over the world, but catfish has to take the lead because of its uniqueness. Data available shows that 260 million kilograms of catfish were produced compared to 5 million kilograms of Tilapia, 7.7 million kilograms of Crawfish/ Crayfish/Shrimp; 2.68...
Pottery is one of the oldest human technologies and art forms and remains a major industry today. Pottery is made by forming a clay body into objects of a required shape and heating them at high temperatures in a kiln to induce reactions that lead to permanent changes, including increasing...
He is likely to pass by you unnoticed because he does not carry an aura of sophistication or the charisma of a successful business person. But, he is a special being and humane, kind-hearted, diligent at his work and believes in the dignity of labour. He does what most of...