3. Can your existing infrastructure handle a surge in demand? How much would a sustained spike in order volume (outside of one-off flash sales or marketing promotions) cost your business? If you need to hire rapidly to increase in-house capacity or invest in automation yourself, it might ...
These factors will affect your profit margins—so make sure to consider them when you make a decision about how much inventory to keep. Don’t be afraid to shop around, as many wholesale vendors stock the same or similar products at different prices. 4. Contact the suppliers you’re interes...
Know where every project is in the approval process. Think of this as preventive maintenance. Keeping a close eye on capital project costs and the budget, project performance, and the team executing it helps ensure that the project gets delivered on time and meets the budget. Regular reviews ...
Nigeria: This document is being distributed in Nigeria by Standard Chartered Bank Nigeria Limited (“the Bank”), a bank duly licensed and regulated by the Central Bank of Nigeria. The Bank accepts no liability for any loss or damage arising directly or indirectly (including special, incidental ...
But since the introduction of an Import One-Stop Shop (IOSS), it's become much easier to manage. How does the IOSS work? Registering with the IOSS allows you to submit a single monthly tax return to an EU27 country of your choice, which will then forward VAT settlement and payments ...
As much as person A earns way more money than person B, Person B is more likely to be wealthier than person B if they keep on the same trend for the next 20 years. Person A will have saved around 1.4M in 20 years (not adjusted for inflation), while person B will have saved aroun...
Today, I can open a bank account in any country I want. I only need my phone and a good internet connection and I will open a USA bank account that can send and receive money. Opening a USA bank account in Nigeria is as easy as registering an MTN SIM card. ...
Contact the Bureau of tax in Nigeria and find a number from them. Know what the wants are for a license area unit to manage such a business in Nigeria. You also have to visit the Nigerian office chamber of commerce to make sure that trade barriers and embargoes are not placed with the...
Nigeria, an economic powerhouse in the region, experiences a sharp decline in global cost of living rankings for the first quarter of 2024, particularly notable in cities like Abuja. The cost of living index for Abuja plummeted from 88.5 in October 2023 to 68.7 as of January 2024. The root...
Nigeria:Nigeria is a notable case study on the effect of corruption on FDI. While the country has abundant natural resources and a large consumer market, corruption has been a significant hindrance to attracting foreign investment. Rampant corruption, particularly in the oil and gas sector, has cr...