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Showing posts with label Startups. Show all posts
Showing posts with label Startups. Show all posts

Wednesday, 6 December 2017

Top Five Nigerian Under Graduate and Post Graduate Project Research writing Websites


Academic Research writing is a general term used to describe the business of writing academic essays, articles, under graduate research papers, proposals, thesis, manifestoes, mission statement etc.
Academic research writing is a relatively new industry in Nigeria and a lot of innovative techpreneurs are beginning to tap into the riches of this new concept, but there is a problem, because once everybody hear that there is money in a particular business everybody would want to jump into it without having a commitment to provide customers and clients with quality service.
For Under Graduates and Post Graduates  choosing a Under Graduate and Post Graduate Project Research writing
service online may prove very difficult because as a student once you have successfully saved up a particular amount of money to pay someone to write a befitting academic research for you, the next thing is to make sure that you are not paying your money to quacks or fraudulent individuals who will just collect your money and make away with it or provide you with an “heavily plagiarized” rip off of your research that they copied and paste from the internet or from the past work of someone else.

Related Post: FACTORS TO CONSIDER BEFORE CHOOSING AN ONLINE UNDER GRADUATE/POST GRADUATE RESEARCH WRITING SERVICE

Top Five Academic Research writing service providers in Nigeria
1.RunMyResearch.com although RunMyResearch.com just started off writing research online in 2013. RunMyResearch.com,, have been in the offline researching business from as early as 2008 and they claim to have written over 150,000 research for foreign and local customers. RunMyResearch.com, serves mainly customers who want custom written, fresh plagiarism free undergratuate and post graduate research project
2.   NairaProjects : Naira project is also a research service provider and since they started they have provided research materials to quite a number of Nigerian Students. NairaProjects provides students with old research materials from their archives and do not claim to hold any copyright to this work. So if what you need are materials for your research then you can head on to nairaproject.
3.    Iproject: they have been in the research game for quite a while and just like nairaproject above they only provide materials to customers, their support for custom research writing is very difficult to ascertain as at the time of writing this article maybe they may go into research writing in future but for now they only sell old research works and are non specific on the copy rights of these materials 4.    ProjectWriters.ng provides student with old research topics and materials a very affordable rates from their archives. Despite what the name suggest you may not be able to find a researcher that will handle your researching at projectwriters.ng
5.    EduProjects: promises free used project topics from their old archives. Students picking a topic from this archives should be very careful as there is a very high chance that the topic you are picking from here have been reused over and over again by others.

When in search of a project research topic it is better to just request for one. And you can do that from the project research topic request form at runmyresearch.com

Wednesday, 29 June 2016

list of required documents for registering in the Bank Of Industry YES loan program

Micro Credit SME/Large Enterprise
1. Formal Letter of Application

2. Photocopy of Certificate of Registration

3. Constitution and Bye-laws of Cooperative Society (only for Cooperative Societies)

4. Business Plan

5. Four (4) passport photographs of the Promoter (business owner)

6. Photocopy of the Current Tax Clearance Certificate of the Business Enterprise and the Promoter.

7. Photocopy of International Passport or Driver’s License or National Identity Card of the Promoter.

8. Bank Statement of the Business Enterprise for a period of one (1) year (for existing business).

9. Sales record for six (6) months and operating expenses.

10. Evidence of availability of Collateral Security (e.g. landed property, Individual Guarantor, etc.).

1. Formal Letter of Application

2. Photocopies of Certificate of Incorporation and Certified True Copy of Memorandum and Articles of Association of the Company.

3. Photocopies of the Certified True Copy of Forms C02 and C07.

4. Business Plan.

5. Photocopy of title documents to project site (Statutory Certificate of Occupancy or Deed of Assignment).

6. Photocopy of Title Documents (Statutory Certificate of Occupancy or Deed of Assignment) to the Collateral Security. (This must be a landed property in an urban center).

7. Approved Building Plan (If new building).

8. Bill of Quantities or Contractor’s Estimate of Cost to be incurred on Factory Building.

9. Valuation Reports on Factory Building(s) (for existing projects) and property offered as Collateral Security.

10. Quotations for items of plant and machinery (at least 3 quotations from different sources).

11. Three (3) years most recent Audited Accounts of the company (for existing company).

12. Three (3) years most recent Tax Clearance Certificate for the Company and two (2) Directors.

13. Four (4) recent passport photographs of each of the two Directors and the Company Secretary.

14. Evidence of appointment of a Company

Wednesday, 4 May 2016

Bank Of Industry to Provide loan for more Graduate under its YES program.

Following the turnout of applicants for its N10 billion facility earmarked for on-lending to small businesses under the Youth Entrepreneurship Support (YES) programme, the Bank of Industry (BoI) has concluded plans to expand the fund size as well as accommodate more candidates under the scheme.

Specifically, the bank noted that due to the high rate of applications received for the YES initiative, it would increase the size of the fund from the initial N10 billion, while considering an increase in the number of would-be loan beneficiaries from 1,200 yearly to 4,000 candidates.

Speaking at the assessment exercise of the initiative and inauguration of a seven-man panel to serve on the application screening committee in Lagos, BoI’s Acting Managing Director, Waheed Olagunju, noted that out of the 40,000 applications received, 15,000 or 37.5 per cent were properly completed and thus qualify for consideration for the first segment of the entrepreneurship capacity building programme which is the eight weeks online training component.

“This programme was launched in response to the alarming unemployment problem among Nigerian youths. Having noticed the huge volume of registration on the online portal of 40,000 which has far outstripped the 10,000 entries earlier envisaged by 300 per cent over the six-week period, we have come to the realisation that Nigerian youths have enormous entrepreneurial appetite waiting to be unleashed on the nation’s economy in a positive sense.

“We have therefore come to the conclusion that we should provide more opportunities for the youth by increasing the number of would-be loan beneficiaries from 1200 to 4000. Efforts would be made to ensure a fair distribution of the beneficiaries in consonance with the proportion of entries received from the six geopolitical zones”, Olagunju added.

Minister of Industry, Trade and Investment, Dr. Okechukwu E. Enelamah, while inaugurating the committee, commended the bank for the initiative, saying, “I am quite satisfied with the implementation of the YES-Programme thus far, considering the calibre and quality of the facilitating institutions. The candidates’ screening and evaluation process are transparent, merit-based and in line with global best practices.

“The synergy created by the consultants working in concert with BoI’s in-house team, will undoubtedly manifest in the quality of young entrepreneurs that will be produced under the programme.

“The import of the overwhelming response by our youths to the YES-Progammes is a manifestation of their desire to take control of their destinies via the entrepreneurial route by being self –employed. It is therefore apparent that the earlier envisaged 1,200 would-be loan beneficiaries would fall far short of the yearnings of the aspiring young entrepreneurs.

“I would like to assure our youths of Federal Government’s absolute commitment to its financial inclusion programme. Government will endeavour to meet the aspirations of youths by providing the support needed by BoI to successfully implement the YES-programmes”.

Members of the application screening committee include the Acting Managing Director, Waheed Olagunju, Executive Director, Financial Inclusion, Mrs. Toyin Adeniji, Divisional Head, SME (North), Abdul-Ganiyu Mohammed, Divisional Head, SME (South), Umar Shekarau, and three other eminent members made up of successful entrepreneurs, professionals, retired bankers, SME consultants.


We talked about this YES program when it was launched last year, I believe this of us that have applied for it are now happy to know that it would accommodate more beneficiaries 


Sunday, 1 May 2016

Nigerian Graduates will have to sacrifice their certificates to get access to CBN small Business loan.

Good news! the central bank of Nigeria have just come up with a loan program for those interested in setting up small and medium businesses in Nigeria, the news is a welcomed one but it has its conditions which is, only those who are in possession of some form of certificate from recognized Nigerian tertiary institutions and those who have a "O" level certificate can benefit from this program.

these are the conditions for getting the Loan as stated by CBN:

The central bank recently came up with a Micro, Small, and Medium Enterprises fund to allow for new businesses to borrow from the fund as start-ups in a bid to create new jobs and curb unemployment.

"this is a new and recent development as it is targeted at the teeming number of unemployed young Nigerians, in the past to get access to such a loan you would need to already have an existing business but however the new guideline released by the Nigerian apex bank CBN have removed this limitation.


   “PFIs are expected to accept charge on fixed and floating assets of the financed projects as collateral for start-ups. Collateral requirement from start-ups by PFIs (DMBs and DFIs) shall be educational certificates such as SSCE, National Diploma (ND), National Certificate of Education (NCE), National Business and Technical Examination Board (NABTEB), Higher National Diploma (HND), University degree (NYSC Certificate where applicable) and a guarantor. "


“The start-ups to access the MSMEDF must present their Bank Verification Number (BVN). Venture Capital Firms (VCFs) that wish to finance start-ups in form of equity participation shall be eligible to access the MSMEDF at 2.0 percent for investment in start-up projects. The collateral for such facility to the VCF shall be bank guarantee. “Incentive shall be offered to PFIs that repay loans as at when due. a) Start-Ups (i) DMBs/DFIs playing in this space, shall access MSMEDF facility at zero percent interest for on-lending at 9.0 percent (all-inclusive) to start-ups. (ii) The PFIs shall qualify for a 50 percent risk shared on the net outstanding balance in the case of default. b) Other Incentives Microfinance Banks with PAR of 10 percent and below shall be exempted from providing financial assets as collateral to access facility under the MSMEDF.”


you ask me steve what do you think? should i use my Certificate as a collateral for a loan? what if my business idea does not work?

well what i think is, if you cannot responsibly manage your business and repay the loan given to you for start up then you have no business looking for a job in another man's Business.

we actually announced last year that the CBN governor was saying something about small business loan during the 7th annual bankers retreat, well this is the much awaited program it is a very attractive loan scheme if you ask me but na only few die hard enterpreneurs like me go fit get mind drop certificate for ground use carry loan enter business.

Thursday, 10 March 2016

BOI launches a graduate entrepreneurs investment program to provide employment.

Worried by the rising number of unemployed youths across the country, the Bank of Industry (BoI) has expressed its desire to reduce the rate to single digit.
Acting Managing Director of BoI, Mr. Waheed Olagunju, stated this in Lagos yesterday at the Youth Entrepreneurship Support (YES) programme Memorandum of Understanding (MoU) signing ceremony with entrepreneurship capacity building facilitators in Lagos yesterday.
Olagunju said BoI was determined to reduce the 25 per cent unemployment rate to single digit, adding that youths account for more than 60 per cent of the country’s population figure, a development he said remained unacceptable to the bank.
The acting MD said for every N1 billion invested in Micro Small and Medium Enterprises (MSMEs), about 4,500 jobs were being created.
And to achieve the target of massive job creation, he said the Federal Government has expressed its willingness to support every initiative of the bank targeted at reducing the number of unemployed youths in the country.
He explained that the YES-Programme is another initiative of BoI designed to address youth unemployment in Nigeria with the first being the Graduate Entrepreneurship Fund (GEF) programme organised for serving members of the National Youth Service Corps (NYSC) launched in October 2015.
“The YES-Programme entails building the capacity of the youths by equipping them with the requisite entrepreneurial knowledge and skills as well as funding their business plans, which would enable them to be self-employed and manage their businesses,” he said.
According to him, participants would be drawn from young aspiring entrepreneurs between the ages of 18 and 35 years, with innovative ideas who must have a minimum educational qualification of an Ordinary National Diploma (OND) or its equivalent.
He explained that 10,000 online applications would be solicited nationwide, out of which 2,000 would be selected for the online component of the YES-Programme.
“Applicants will register online and will be expected to provide accurate answers to questions. Such answers count towards determining the suitability of the applicants for the training programme. Only the top 1,200 online participants will qualify for the in-class training programme annually.
“The in-class training will be delivered by BoI accredited partner training institutions and shall take place on a bi-annual basis at selected centres across the six geo-political zones of the country, including Lagos and Abuja. Consequently, 600 participants shall be trained at the designated locations twice in a year,” he stated.
On the components of YES, he said the programme involves eight weeks extensive online entrepreneurship and business management training, which has the ability to test participants’ understanding and track their progress.
Others are the Business Idea (value proposition and competition analysis), Business Model (how will the business make money), Sales and Marketing, Running a Successful Business (ethics, compliance, operations), Financial Plan.
The initiative, he said, will also involve technical skill training in partnership with the various technical training and vocational institutions in the country while financing of the businesses will be borne by BoI under its Small and Medium Enterprises (SMEs) cluster initiative in consonance with the United Nations Economic Commission for Africa’s Commodity-based Industrialisation Strategy.

Wednesday, 23 December 2015

Factors affecting the contributions of SME's to the Nigerian economy.


When we say small businesses are important to a nation's economy, just how important do we think they are? and in what ways do we think they serve this importance?

In a Nation where the Government does not pay attention to small businesses and produce few policies that will help protect and build its small businesses the small businesses in that country will end up contributing less to the nation's economy, why?

Poor policy making: SME's are supposed to bring about substantial local capital formation, they are supposed bring about an increase in rural and urban development but in the situation wereby a nation keep introducing policies that are inimical to the growth and development of its Small Businesses, that nation's small businesses will suffer and they will end up contributing less to the nation's economy.

Poor SME supporting infrastructures:In a place like Nigeria where most small businesses rely on private generators for electricity, the contributions of small businesses to the nations economy in the area of electricity revenue will be substantially reduced, SME's are supposed to be among the top customers of electric power distribution companies but due to poor electricity the distribution companies are being neglected by some businesses who would rather run on generators. If there is a good system of transportation in the country e.g railway, waterway and cheap air travel fairs, small businesses will greaty utilize them instead on relying on private transport to move goods and services around the country, this will not only increase the contribution of small businesses to the nations economy it will also help small business owners to carry out their business in an atmosphere of affordable comfort.

Access to low interest loans and other business grants: access to loan and other forms of funds is also one of the factors that would help small businesses perform better putting them in a better position to contribute to the nation's economy.


Illegal business practices: SME's operating outside the nations economy and legal structure will do little for the nations economy e.g SME's operating on banned products and services, tax evasion e.t.c this Businesses will do more harm than good to the nation.

Poor Taxation system: If a nation is unable to come up with an effective taxation system for the effective taxation of businesses within its borders, then it should be ready to accept less contribution from businesses within it to it's economy.

Indifference to changing trends: When small businesses in a country refuse to structure their business in such a way that it would reflect compliance to changing global and domestic trends, trends and mode of operation that would suit the national economy, such businesses may end up contributing less to the nation's economic growth.

Monday, 21 December 2015

SMEDAN Promise to Seek Finance for Brilliant Business Ideas and Bankable Business Plan


SMEDAN is notifying people with brilliant and innovative business ideas with a reliable business plan to contact them for financing. this information was placed in their website at http://www.smedan.gov.ng/

this was exactly how the Notification went:

  This is a special announcement from SMEDAN

 Do you have a good business idea?
 Have you a bankable business plan supporting the idea(s)?
 Do you also belong to a registered and functioning Cooperative society with feasible businesses?
 SMEDAN will provide you access to business finance through our partners.
 For more information, contact us at No 35 Port Harcourt Crescent off Gimbiya Street Garki Abuja or at SMEDAN Zonal offices across the six geo-political zones.

You can also visit our state offices throughout the federation or info@smedan.gov.ng

Remember, a good business plan is an essential roadmap for business success.

I think it would cause no harm to try this one oya make una start  write business plan make we see either this people go favor us.

 SMEDAN(Small and Medium Enterprises Development Agency Of Nigeria) is the agency estabished in 2003, to promote and develop an efficient structure through which Nigerian SME's can contribute to the Nations economy.

Sunday, 20 December 2015

Factors Affecting The Cost Of Setting Up A Business In Nigeria

Doing Business in Nigeria is not easy and it may even get harder considering recent events, the devaluation of the nations currency, the gradual drop in crude oil price which is greatly affecting the nations economy, and the incoherent policy of the present administration towards the development of SME's in the country, this article will try to explain the factors that influence the start-up capitals of small businesses in Nigeria.

1.National Economy: Businesses operating within a Nation will be affected by the nations economy, if inflation is high in the nation then the cost of doing business in that country will increase because with high inflation comes an increase in the cost of raw materials that is needed by small businesses. just like other developing Nations Nigeria inflation rate is high rising from 6.8% in January to 8.7% in October 2015. This mean that SME owners will have to pay more for raw materials in order to keep their business going. When running business in a country where there is rising inflation business owners are faced with the uncomfortable dilemma of either increasing the cost of their product and services or accepting a reduction in profit and interest from sales.

2.Lack of Infrastructure: The lack of good roads, electricity, water, communication, internet facility and other basic infrastructure. Every business needs at least one or all of this infrastructures to function properly so in a situation where this is not readily available in the country or at your business location you may have to expand your business start-up capital to make provisions for this basic infrastructures, take for example if you were not planning on buying a generator set before you may need to make arrangement for that when planning to set up your business in Nigeria because of the very poor electricity distribution in the country. If you are setting up a business that is reliant on constant supply of water you may have to make private provisions for that too, and of course if your business will need the use of internet connection then you will have to make private plans for that while calculating your start-up capital.

3.The legal factors: The laws of Nigeria affects all businesses within Nigeria, and this includes the laws guiding taxation, payment of necessary bills and the law guiding the registration of companies as executed by the Nigerian Corporate Affairs Commission (CAC) the Agency in charge of the registration of companies in Nigeria. you cannot do business comfortably or successfully in Nigeria without first obeying the rules and principles of the country. for one to have his or her business legally registered in Nigeria one would have to register with the corporate affairs commission (CAC), the cost of registering businesses is fixed by CAC and it ranges from 5000+NGN, depending on the type of business you are planning to register.

4.Value of the Naira: Nigeria being mainly importation dependent most of the materials that may be needed for starting a business in the country may have to be sourced from abroad and when buying from abroad the value of your local currency matters a lot, if your currency is of low value you may have to pay more for products that you buy from abroad. so as the Nigerian Naira is depreciating the cost of doing import based businesses in Nigeria is also increasing.

5.Cost of Renting Office spaces and shops: When you go to big Nigerian cities like Abuja, Lagos, PHacourt, Calabar, Kaduna you will find out that the cost of renting just a few feets of business space is very expensive, take for example at Ademola Crescent Wuse II Abuja you will be very lucky to get a lock up shop space for anything less that 500,000 naira. so as big cities develop the cost doing business in them also increases.
Your start up cost can be affected by many factors most especially by the ones highlighted here.

Friday, 18 December 2015

How the drop in Naira value might affect your Small scale Business

Nigeria is one of the most affected countries by the falling oil prices, this is simply because Nigeria depends on its trade in oil and gas for finance, so as the oil prices fall, our Naira will be devalued to meet up with global realities, Nigeria is solely dependent on importation of finished products and a lot of young Small Medium Enterprises may directly or indirectly be running a mini importation business or a business that is importation reliant.

When a nation devalues her currency she is deliberately trying to increase gain in tradable items but however cost of goods and services will become very cheap in the country compared to the other nations with stable currency, so when you want to use your currency to purchase from other Countries whose currency still have value e.g China, U.S, Japan and Germany, you will have to pay more every good you buy, take for example those running a mini importation Business that is reliant on buying things from China or the United States, if you were using 15,500 NGN to buy a 100 USD worth of product 2 years ago as the Nigerian currency is being continously devalued you may end up paying up to 20,000NGN for the same product in 2015.

So the fall in Naira value comes with certain implications for Nigerian Small Business owners and i think what Nigerian Importation based businesses need to be doing right now is to start seeking for locally available alternatives to foreign products e.g raw materials and some selected finished products that could be sourced locally.

The year 2016 may not come with new miracles for the Nigerian Naira or the Economy as the gradual fall in crude oil price is digging a deep hole in the nations economy and crude oil price is still even being predicted to fall further.for SME owners, the importation based businesses, internet businesses and bureau de change officials will be the worst hit by this development. And i think we should all gear up for 2016 because in 2016 comes more struggle.

Thursday, 19 November 2015

Mylastkobo's exclusive interview with The young CEO of BETA LOOK Laundaries Kubwa Abuja

Mr Femi, the proud CEO of Beta Looks Laundaries in front of his office

The success story of Beta Looks Laundary is one that should motivate any prospective Small
Medium Business owner out there to start working hard to achieve the best. The most remarkable thing about this young Small Medium enterprise owner who finished his National Diploma certificate program in Rufus Giwa Poly Ondo State. Is that he never once mentioned, while he was being interviewed, He never once mentioned any instances when He went out for any so called job Interview or screening test. Here is the interview.

Mylastkobo.com: sir could you please give us a brief introduction about yourself?

Mr Femi:  My name is Emmanuel Oluwafemi and i hail from Ondo state. I completed my National Diploma certificate program in the field of Estate Management from the Rufus Giwa Polytechnic Ondo State, after which i came to Abuja for my Industrial training. After my IT in Abuja i moved down to Maraba to meet my Brother, there was no work so i followed my Brothers friend who is a Painter, i followed him to sites just to learn how to paint then like that, like that i learned how to paint and in two months i was able to carry "roller"(paint brush). i started going for my own Jobs and was earning just enough to keep me going that was how i started developing myself.

Mr Femi attending to questions from mylastkobo.com


Mylastkobo.com: So you finished from what department in Polytechnic?

Mr Femi: Estate Management.

Mylastkobo.com: Wow! so knowing that you did estate management whta made you to go into setting up a aundary outfit?

Mr Femi: After my National Diploma i wanted to push forward but there was no power(money).

Mylastkobo.com: but one would have thought that as you already have a degree in estate managemnet and experience in painting, one may have expected you to develope on your career in the lines of estate Management but what made you to realy choose laundary and dry cleaning as your preferred choice of Business, what made you to really go into this laundary business?

Mr Femi: what made me go into laundary? i was working in a site at one time in Area 2 so i met one Man called Labaran He is was the site Engineer at that site and we also worked in other sites. but the work was not coming that regularly again sometimes we only work once in a month and before the end of the month you dun spend the whole money finish.
An Array of carefully laundered suits at Beta Looks Laundary

Mylastkobo.com: Oh i understand. you people were not getting regular jobs again.

Mr Femi: Yes, so he told me that there was one plan he wants to lay down. He told me that he want to set up a laundary, Barber shop, Women Saloon and Massage parlour that he would like me to manage a department there in short he sent me to train for Laundary.
" it was very hard at first coping with the heat and stress of starching and ironing someone's cloths, infact i just had to manage, After my training he started a new shop in Kubwa here i moved down to Kubwa from Maraba and i just forgot about my house i was working and sleeping in the shop, i was doing everything in the shop like it was my house",
Then after a year when i believed his laundary is already moving, atleast i have laid a solid foundation for his business, i trained some guys for him.

Mylastkobo.com: so you have trained people?

Mr Femi: yes i trained some guys for him he even trained and became very professional, then he oopened another shop and placed somebody to manage it for him, he opened another one for NYSC and put one of the boys i trained there then i managed the head office at Dutse.
after i have gathered some money i had to tell him that i want to leave, that i want to set up something for myself and he told me that i cant go empty like that so he just had to support me
Inside the laundary

Mylastkobo.com: When you started off on your own what was the major challenges you faced?

Mr Femi: Eh! i have faced some major challenges athough i am very good at marketing so i had little problem in that area.

Mylastkobo.com: You know in Nigeria when you want to set-up anything you have to make your own private arrangements for electricity so that the poor power distribution in the country would not affect you, especially a business like yours that is dependent on electricity, so what was your plan in that area?

Mr Femi: firstly before we came down i looked round and saw that electricity in this( Kubwa) is still good and i noticed that the light here is a little bit stable atleast we have up to 18-19 hours of daily electricity which is ok.

Mylastkobo.com: yes that is Ok compared to the statistics from other area.

Mr Femi: So the matter of getting a good customer that was a big challenge but i have learned a lot, we do share fiers, house to house adevertisement, i come to your house, i dont care if you insult me because i am a laundary man or not, some people say " i have a laundary man where do you want me to put him? but sometimes, especially when i came around here people just kept coming they want to check how i work i looked at what they want and how they looked so i decided that i had to improve myself to serve this people and i had to ay a very good standard that in this environment i want to be the best, which i was very successful in that. so i think the packaging and the "perfect ironing", cleanliness of the environment and my way of approaching customers those are the things that made me unique.
inside the aundary(laundary equipments)

Mylastkobo.com: so do you have any strong competition in this area? that you think would be able to challenge your standard?

Mr Femi: ( laughs) in this environment? i dont, only my boys that i trained that can even try to move close to my standard. they will try but the difference is still clear(smilling). only if i just decide to overlook some work.

Mylastkobo.com: so if you want to encourage young people that are wiling to move into your line of business what will you tell them?

Mr Femi: You see, they have to go for training and this work you must love it, you must have the passion because if there is no passion you will just get tired of it and you may not be able to continue.
Mylastkobo.com: so are there sometimes that you feel that way?

Mr Femi: yes sometimes casting of light ( power failure) that may last for up to five days and we will not be abe to work because sometimes to get fuel for the generating set is an issue. and you will have a of cloths to deliver.

Mylastkobo.com: so you get a of pressure from the customers?

inside the laundary( Boys at work)

Mr Femi: ( exclaims) Heh! it is always very difficult. some come here and raise their voices on us, and you know when a customer is shouting in your businesss premises you dont know who is watching, a prospective customer might be passing by, a new customer may want to come in and you are shouting, so those times i sometimes feel like which kind work i even they do self i sometimes feel like closing up the business and find another way.

Mylastkobo.com: so how do you overcome this challenge?

Mr Femi: when they come i address them, some say nothing should be an escuse and some understand. i apologise to them and urge both of my workers to be up and doing in their presence.

Mylastkobo.com: so are you still planning to further your Education?

Mr Femi: i am already pursuing my HND so most times i am no always available i leave the bulk of the work for my young workers and i always try to encourage them, sometimes when i am around i give them 500 naira to go out for lunch, one of them even came to me and told me he wanted to write Jamb and i gave him the enrolment money without deducting it from his pay because i know that if he is successful in the Jamb it is my joy.

Mylastkobo.com: so how do you manage your workers when you are not around?

Mr Femi: you see this( he points to a notification written " call this number for your complaints and suggestions" my customers can always complain of any poor service by my workers to me directly on my personal line. and i always have this ( raising some sheets of paper) customer complaints form that i encourage my customers to use for their complaints.

Mylastkobo.com: so sir what final thing do you have to say to viewers out there about your Buisness?

Mr Femi: this is not an easy job and if you know you can do it then you must go for the training and even after the training you must have passion for the job or you will get discouraged along the line, most especially when the challenges start coming in.
Then to start this kind of business you have to have the money to get a decent shop, paint it, let it look neat and get an electric iron and a good laundary table for ironing the cloths even if you dont have money yet for washing machine for a start in the next three months if you are very good the washing machine will come. and you have to learn to be very careful with money, dont spend anyhow or you will pack up quickly. but there is one thing.

Mylastkobo.com: What is that?

Mr Femi: for a start you have to get support, if not for the support from my former boss i would not have been able to establish something like this with my little savings. and it is a very tedious business sometimes i sleep only for 4hours a day because sometimes we have to work allnight.

Mylastkobo.com: Well the truth is that you are reaping and you will continue to reap the fruit of your labour. i am very happy you granted us this interview, it will go a long way in guiding and motivating prospective Small Medium enterprise onwers who plan on going into this your line of business. Thank you very Much Mr Femi.

Mr Femi: thank you too. weldone.

inside the laundary( Boys at work)

Wednesday, 28 October 2015

Mylastkobo.com will start its exclusive interviews of young SME owners next month.



When i started this blog i started it with the hope that i would be able to encourage young graduates to think out of the box and set up something of their own instead of venturing on long and sometimes unproductive search for ready made jobs.
       So far i have been committed to that plan, and have granted exclusive interviews to several young successful SME owners, through this interviews i have uncovered the success secrets of some of the young small business owners that we interviewed, through their stories i hope you would find yourself, overcome your fears and be motivated towards success in your own enterprise.

 i will start posting the interviews from the second week of November. do not be impatient. this is what you have waited for, for a long time. so please stay with me as i bring you the survival stories of Young entrepreneurs  from some of Nigeria's Commercial cities.

come second week of October we will bring you this exclusive interviews than i hope would give you a better knowledge on been an SME onwer in Africa's most populous nation.

Friday, 12 June 2015

MOTIVATIONAL MESSAGE FOR YOUNG UNEMPLOYED NIGERIAN GRADUATES

MOTIVATIONAL MESSAGE FOR YOUNG UNEMPLOYED NIGERIAN GRADUATES PT1


So today is another day in your life, another day to walk around town in search of vacancies,
another day to spend countless hours searching the internet for job openings, another day to expectantly scrutinize every sms on your mobile phone for job interviews notifications, another day to check your nairabet results and place new bets, another day to go on facebook, twitter and nairaland to complain about the Nigerian Economy, another day to weep helplessly to God for a Job, any job.

 Well, for those of you who chose to pray, God just answered your prayer, in fact he answered it long ago from the day you were born as a physically and mentally healthy human being.
 you only need to be in the shoes of an handicapped or disabled person to understand the amazing gift that you are enjoying being able to perform any physical task, but despite that. there are even some disabled and handicapped people that have put your idle legs and hands to shame by achieving goals you cannot achieve, by realising dreams that you may have thought would be humanly unachievable.

all i am trying to say is that while you are at home laying in bed using both hands to chat all day on watsapp, bbm and facebook there is an handicapped person with one hand somewhere using his only single hand to create things, lift things, repair things and contribute to Human development.
 while you are still on the Bed holding your phone with your two complete God given Hands typing “lol,yolo,lmfao,smh” there is an handicapped man out there without limb trying to use his legs to work to contribute his own quota,

while you are laying back in bed to continue sleeping in the morning there is a Blind man somewhere directing himself to work with just a stick.
The world around you is filled with so many problems that you were specifically created to solve, come closer a bit and look at Africa, Africa is filled with so many problems that even if 20million Graduates were to be getting employed every year, there will still be enough problem for another 120 more million Graduates to solve, ok lets come home to Nigeria.
Nigeria is like the capital of Africa in terms of Populations, we have so many people and problems in Nigeria that even if  500,000 Graduates get employed every year there will still be enough problem for others to solve, thereby creating Jobs for themselves and employing others.
Have you ever wondered why we wait in long lines in banks before getting attended to? Have you ever wondered why there are so many mechanic workshops in town but you will almost always have to wait when you bring in your car for service? You take your cloths to the Tailor and he tell you he has a lot of work to do.

this is because there can never be enough supermarkets, enough shops, enough mechanic workshops, enough Tailors. to serve a country this big and still yet in this same country many are still saying there is no job. How can there be no jobs?
There are Jobs all around you, but the truth is that you ve chosen not to see them. All you want to see is the Job opening of Big companies and government ministeries, The only picture that comes into your head when you hear the word job is the logo of Chevron,NNPC,TEXACO,SHELL.
Delete those pictures from your head and start planning on something realistic.

For more post about Starting off as a Nigerian Graduate visit www.mylastkobo.com

Friday, 29 May 2015

SET UP YOUR LOCAL LIQUID SOAP PRODUCTION COMPANY WITH LESS THAN 5000 NAIRA( entrepreneurs)

How a liquid soap production company could be started from a tiny kitchen.
a staff at Shola's soap making factory
1The dream of most new graduates is to work in a profitable and reputable Company or institution, but that is not the case for Olushola Ogundamisi. A graduate of Agric from the University of Benin(uniben). For Olushola his dream was to set up a soap making company that would rival the big names in the production of soap in Nigeria, This Dream was what later saw the birth of "SHOLA" the name of his local soap making business which he started from the tiny kitchen of his little self contain apartment. He started off supplying unlabeled "SHOLA" liquid soap to his co-tenants and coursemates, he did this patiently for a better part of his days in the university just earning enough to keep the business going. but according to him the light shined on his way in his fourth year in school, when through some stroke of good luck his product got into the right hand and he was asked to supply the universities sanitation department with his product. at this point in time Shola needed to employ more hands in the production and distribution so he employed a part time staff( his landord's son) to help him with the production and distribution of the soap. with more income comes more responsibility so on 0ctober 20th 2013 Shola registered his company in the Nigerian coperate affairs commission, he got his NAFDAC registration that same year and became the CEO of a registered Nigerian Company just Two weeks after his Formal Graduation from the University.

In Our exclusive interview with Shola in His liquid soap making factory In The Ancient City of Benin Our main focus was how did you get here? We where able to collect enough information from Shola to hep you set up your make shift soap making company.

HOW TO PRODUCE LIQUID DETERGENT/SOAP LOCALLY.
Liquid soap as the name implies, is soap in liquid form. It is a cleansing agent and it is a multi-purpose cleanser.
Liquid soap is also known as liquid detergent. It has the ability to emulsify oils and hold dirt in suspension. Liquid detergents (Soap) share same properties with solid detergents. A detergent is expected to consist of the surface-active agents or ingredients which are the essential ingredients and subsidiary ingredients (supplementing ingredients).
In all detergents, the surface-active agent forms the most important part of the detergent. All the ingredients needed in the production of liquid soap (liquid detergents) will be listed here.

Note: in this lesson we hope to learn a multi-purpose liquid soap. That is, one that can be used for basic cleansing like: washing of plates, cars, laundry etc.

Equipments and Materials Needed for the Local production of Liquid Soap.
Materials (chemicals) Needed For The Production Of 20 Litres Of Liquid Detergent (soap)




  • Sulphonic acid..............1 litre





  • Soda ash...................1/2 tin milk cup





  • Texapon...........................5-6 teaspoonfuls





  • Formaline........................5-7 teaspoonfuls (optional)





  • Perfume(Fragrance)........as desired.





  • SLS. (Sodium laurate sulphate)..........................5-6 teaspoonfuls





  • S.T.P.P (sodium Tripolyphosphate).............5-6 teaspoonfuls,





  • Colorant.................as desired





  • Water........................19 litres

  • THE APPARATUS (TOOLS) NEEDED




  • Containers (Plastic bowls)





  • Hand gloves





  • Nose mask





  • Stirring rod (Turning Stick)

  • METHOD OF PREPARATION
    -Dissolve the caustic soda with 1 litre of water and allow to stay for 30 minutes to 1hr or over night.

    -Dissolve soda ash in 1 litre of water and allow to stay for 30min/hr or over night.

    -Get your sulphonic acid, pour inside an empty bowl, and add your perfume (fragrance) to it and the texapoon, then add like 3-4 litres of water and stir very well for about 5 - 10 minutes.

    -Dissolve the SLS with 2 tin milk cups of water

    -Dissolve the STPP with 2 tin milk cups of water also

    -Get the Nitrosol but if it is C.M.C you’re using, make sure it is dissolved 2 days to the preparation of the soap with 4-5 litres of water. If you are using Nitrosol, it's used instantly (as in, no need soaking it down).

    PREPARATION
    -Get the Nitrosol that has been dissolved in water or the C.MC. that has been dissolved 2 days to the preparation of the soap.

    -Add the dissolved sulphonic acid, texapon and perfume to either the Nitrosol or C.MC depending on the one you are using and stir very well.

    -Add the already dissolved caustic Soda and stir very well.
    Add the already dissolved soda ash and stir properly.

    -Add formalin to the content and stir properly.

    -Add the dissolved S.T.P.P and stir.

    -Add the dissolved SLS to the content.
    stir thoroughly for smoothness and blend

    -Dissolve your colourant in water and ensure that the colourant is completely dissolved, then add it to the solution and stir thoroughly.

    -Add some quantity of water to the mixture, depending on the thickness of the mixture.
    Leave the mixture for some hours or preferably till the following day and then package for use or for sale.








    Packaging options(pics)

    labeled pet bottles filled with liquid soaps for sale

    bottled water cans filled with liquid soap for sale.