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How to Write a Competency-Based CV

One very easy way to get your dream job is having a well written Skills-based CV; a kind of CV also referred to as a Competency-based CV or resume. As business consultants, Human Resources recruiters, trainers and employers for many organizations, we have discovered that many skilled candidates do not know how to write captivating CVs and some do…

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Are POS Transactions the Greatest Threat to Finances of Retail Businesses?

ARE POS TRANSACTIONS THE GREATEST THREAT TO FINANCES OF RETAIL BUSINESSES?

The quick answer to this question is a resounding Yes and No! Yes, if you belong to the retail business sector that grapple daily, with the nightmares of transaction failures and unending chargebacks by banks; and No, if you belong to the banking sector or other E-payment organizations involved in the POS management chain. However, our research and experience…

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Why Do Retail Businesses Fail So Fast…Part 2

Why Do Retail Businesses Fail

Business Killer No 6: Inadequate Capital and wrong Application of the Available Capital As a retail business, you will hold inventory, either in your warehouse or shelves and inventory ties down money. Even if you want to stock “lean”, by holding minimal levels of inventory, your capital will still be tied down. Also, you will need assets e.g. computers…

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Why Do Retail Businesses Fail So Fast?

Critical Reasons Why Retail Businesses Fail

If you want your business to succeed, you’ve got to be deliberate about your strategy. You must know  that businesses do not just succeed, that they are made to succeed! You must know that though money is important towards the success of a business, it is not the main or the only reason why businesses succeed or fail; many…

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Critical Reasons Why Retail Businesses Fail

Critical Reasons Why Retail Businesses Fail

Apart from founder or management dysfunction and the many other factors kill retail businesses previously discussed, (see our previous posts here), technology, cash flow and treasury management dysfunction, failure to take care of your personal health and safety, poor inventory management practices, over-trading, over expansion without taking present capacity into consideration, are some very Critical Failure Factors that easily,…

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Why Retail Businesses Fail: The Critical Failure Factors (CFFs)!!

Reasons Why Retail Businesses Fail: The Critical Failure Factors (CFFs) Many retail businesses start off well but along the way, something goes wrong and they fail. As you are reading this, you probably know a few businesses who started so well as just fizzled out ! Well, this isn’t strange at all. Many businesses fail across different industries and…

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Retail Business Success: Important Factors to Consider!

Success in retail business takes effort, resources and strategy. Interestingly, effort in retail  means both hard and smart work (a departure from the “smart work” cliché prevalent in industry today!). You will also need financial resources or a good credit standing with your trade creditors (e.g. suppliers) because you will need to maintain reasonable base inventory in your warehouse…

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Five(5) Strong Reasons Why You Need To Start Your Own Business Now!

  1. Owning a Business is the Fastest Path to Wealth: In his book” Rich Dad, Poor Dad, Robert Kiyosaki talks about his two Dads-his biological father who was a school teacher, well respected, well known yet poor and his rich Dad(his friend’s Dad), who was a businessman and very rich-(Order Rich Dad, Poor Dad online here). According to…

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Is Fear Your Reason for Not Starting Your Business?

In our previous post, we discussed briefly, few reasons why you need not delay anymore in starting that business that you have been thinking about all these months or maybe years! You see, at some point in my life, I used to work in a commercial bank, and as a young officer, I had this young boss, a chartered…

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Why You Need to Start That Business

Living the 9-5pm work lifestyle is most people’s dream, at least its secure, makes you feel safe and guarantees your monthly salary at the very least(whether the salary is enough to meet your needs is another day’s discussion); however I do know and I can bet you, that the salary thing is Never Enough! Your take home pay can…

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