Cost Control Methods for Small Businesses. One of the known killers of business is the high cost of doing business. For the purpose of this piece, our definition of “cost is the price or amount paid to acquire a service or product.” For entrepreneurs,...
Author: Abel Ogundeji
Mr. Abel Ogundeji, Banker and Author, worked in the banking industry for over 21 years. He worked in NAL Merchant Bank Plc (now part of Sterling Bank) for about 17 years, Guaranty Trust Bank Plc for about 2 years and Prudent Bank Plc (now part of Skye Bank) for about 2 years before leaving as a General Manager to be the Pioneer CEO of Able Group.
Building Productive Employees Companies that are rich can easily attract the best personnel from the job market. They can afford to pay competitive rewards – i.e. offer the same or higher salaries and allowances than their Competitors. For small and new businesses, the situation...
There are many secrets that successful Entrepreneurs will not include in their books and presentations at conferences or seminars. However, if you watch them closely at work, you will be surprised that their successes can be traced to certain behaviour or actions that go...
PROBLEMS FACING NEW ENTREPRENEURS – SOLUTION STRATEGIES In part 1 of this piece (PROBLEMS FACING NEW ENTREPRENEURS ), we highlighted and discussed seven out of the critical but unexpected problems that usually confront young and new entrepreneurs. We defined these young or new entrepreneurs...
PROBLEMS FACING NEW A new or young entrepreneur is an individual who starts and runs a business with limited resources and is responsible for all the problems and rewards of his or her business venture. They may be faced with unexpected problems that they neither foresee...
Managing fraud in an organization involves three important activities. These are prevention, controls, and detection. The CEO or COO of any organization should have fraud management as one of his or her main functions with strong emphasis on “prevention”.
Recession is still here – forget about the theoretical exit! For hardworking and positive people, it is not here to stay. It will however disrupt the flow of our activities, peace and possibly create some problems such as displacements, relocation, security and health problems temporarily.
The critical success factors which are very common to all Fraudsters, which will be explained below, are “speed, cash, fear, trail and illusion that they will not be caught”.
Bank Fraud Management – 1 Introduction Every bank is faced with manual or electronic fraud attempts daily. The success rate in each bank depends on prevention, detection and control methods built into the standard operating procedures (SOPs). The fraud attack may be manual or...
Solve Problems and Make Money Recession is here – not to stay – but to disrupt the flow of our peace and possibly to create some problems such as displacements, relocation, security and health problems respectively for us temporarily. Education or lack of it...