Business News

I've long believed the only person who thinks a particular meeting is important is the person who called the meeting. Science backs me up. A meta-analysis of more than a decade of research shows 90 percent of employees feel meetings are "costly" and "unproductive" and that they're right: Employee productivity increased by over 70 percent when the number of meetings was reduced by 40 percent. Still, sometimes meetings are necessary. Maybe that's why smart leaders – and, as you'll see in a moment, leaders who look out for the best interest of their employees – prefer walking meetings. Like Richard…
Traditionally, when founders start a business, the first thing they seek is financing, even before mastering the numbers. They mistakenly believe that generating the first sales indicates the liquidity and health of the business. I have known companies that generate up to $5 billion in sales but, behind the scenes, lose half or more of that in operational expenses. Sales are important but not the true indicator of the cash the company has. Cash is the lifeblood of companies. It is the fuel that propels them forward and helps them grow. You can keep a company moving with operational issues…
"We do such great work, and no one knows or cares!" This was the fundamental complaint of the large complex organizations that came to my firm for help with their brand image. They felt underknown and undervalued, and it hurt. The solution was not jumping into advertising or PR campaigns. Instead, it begins with them getting super-clear on their core identity-and determining if they were being who they wanted to be. As part of the process, we ask these challenging questions: In a few words, what is the core of your organization's identity? How do you want the world to…
You can't win as a new venture founder working alone. You need to have business relationships with team members, investors, customers and myriad other support people. That doesn't mean you have to be a social butterfly to succeed or introverts need not apply. It does mean that you need to look, listen and participate in the business world around you and network through all available channels, like business-oriented social networks online (LinkedIn), local business organizations (Chamber of Commerce) and events or conferences in your school or industry. I hope all this seems obvious to you, but I still get a…
Central Bank of Nigeria (CBN) has lifted its restrictions on the importation of milk and dairy products. On February 11, 2020, the CBN added milk and dairy products to the list of items not eligible for forex. However, in a notice to customers, Zenith Bank said the regulator had provided an update on eligible items for foreign exchange in a notice to commercial banks on March 12. “Please be informed that the Central Bank of Nigeria (CBN), through its circular Ref No. TED/FEM/PUB/FPC/001/010, dated March 12, 2024, has provided an update on eligible items for foreign exchange (Non-Valid for FX),”…
A majority of people, 95%, intend to look for a new job this year, according to a January 2024 survey by jobsite Monster. And many anticipate it will be challenging. More than half, 68% say they think it will be difficult to find one given the state of the economy. While finding work opportunities can be challenging, there are ways to conduct yourself that could make doing so even harder. “There’s something called validation seeking behavior, aka desperation,” says Lindsay Mustain, a former Amazon recruiter and current CEO of career coaching company Talent Paradigm. She adds that “it’s that ‘pick…
I’ve always thought that promotions were largely based on how hard you worked, or how long you’ve been at a company. While those two qualities may play a role in someone moving up the corporate ladder, I recently learned that bosses often look for something more subtle as the deciding factor.I chatted with Bill George, a Harvard Business School executive fellow and former CEO of health-care company Medtronic, who told me the top traitleaders look for when considering employees for a promotion is someone who guides and inspires their team.People who “focus on doing an outstanding job in leading [their]…
Whether or not you get hired by billionaire Mark Cuban comes down to two qualities: culture and competency. They’re the “two things that matter the most,” Cuban said during a MasterClass course released last month. “Are they competent enough to do the job? And do they fit in the culture of the organization? If they fail on either one, you’re going to be in trouble.” Culture is more important than raw talent, Cuban said. Most of the workforce agrees: 56% of workers rank a strong workplace culture as more important than salary, with more than 75% of employees saying they’d…
Friday, 15 March 2024 04:41

4 powerful ways to set goals like a pro

Setting goals is the way most of us get things done – in life and in business. We set the goal to get a new job or move to a new place. We set the goal to learn how to speak a new language or make money by investing in real estate. And when it comes to delivering the very best products and services to our customers, we set goals to give our people direction and a target to shoot for. The thing is, many leaders spend far too much time creating long lists of goals and too little time…
Speaking up in meetings can be intimidating, especially if you’re an introvert — but failing to make your voice heard at important moments could hurt your career. That’s at least according to Juliette Han, a Harvard-trained neuroscientist and adjunct professor at Columbia Business School. As Han, a self-identified introvert, explains, your deference during meetings or conversations at work “could accidentally cause you to become invisible” and get you overlooked for a promotion, pay raise and other opportunities. But you don’t need to be the loudest in the room to be valued and recognized for the work you do. There’s a…
January 09, 2025

This is the ‘biggest barrier to building wealth,’ says behavioral finance expert

I’ve been meaning to sell some company stock and diversify into another investment for awhile…
January 10, 2025

Bauchi Gov to Tinubu: Your policies not working, hardship worsening

Governor Bala Mohammed of Bauchi State has urged President Bola Tinubu to address the growing…
January 10, 2025

Detty December: ‘an ode to Nigeria’s unyielding spirit’

It’s a world of endless parties and sleepless nights. A relentless celebration that turns West…
January 04, 2025

Shy man cuts off 4 fingers instead of telling boss he wanted to quit his…

A 32-year-old Indian man admitted to cutting off four fingers on his left hand to…
January 08, 2025

Borno attack: Soldiers missing, casualties mount after base overrun

Four days after Boko Haram militants launched a deadly assault on a military base in…
January 10, 2025

What to know after Day 1051 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Kremlin ‘would welcome’ contact from Trump Moscow would be willing to talk to…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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