WELCOME TO FRONTIERS OWN YOUR OWN
OWN YOUR OWN is an entrepreneurial empowerment project designed to teach how to start, grow, manage and profit from a business in Nigeria.
SPENDING HABITS GONE BAD!By Frontiers Consulting on Fri, 18 September, 2015 04:47:45 PM.
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Spending habits begin early,typically by imitating how people around you handle their own finances.Recall the important people in your life.How did your parents handle their money?Do you think you were influenced,for better or worse,by their example?
These are 8 tips on how to break your bad spending habits-Read More
BUILD A SUCCESSFUL BUSINESS (1)By Frontiers Consulting on Wed, 16 September, 2015 03:35:34 PM.
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The law of cause and effect states that for every effect such as high income, there is a specific cause or causes. Meaning if you do what other successful people do, you will eventually get the same results that they get.
Below are some of the cause or reasons for great success. The more of them you practice, the better results you will get. Learn these ideas, practice them often. The more you practice them, the less effort will be required for optimum results.
LEEMON IKPEA: THE QUIET BILLIONAIREBy Frontiers Consulting on Wed, 16 September, 2015 11:52:11 AM.
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Leemon Ikpea rarely speaks in the public and almost never to the press.His philanthropic life has impacted several lives including his contributions to the oil and gas industry and his philanthropy over the years.
Dr. Leemon Ikpea broke through the barriers of poverty to rise to untold fame and fortune.His fortune didn't come to him by sheer luck,it came through a dint of hard work.
Yes, the breath-taking story of this seasoned administrator cum engineer is an inspiration and an example for today's young men.Ikpea came from a humble background.He grew up in Warri,a bustling city in the then Bendel State.Though he had very challenging formative years,he did not give up.Read More
TWELVE MENTAL SHIFTS FOR MOVING FROM PAYCHECK TO PROFIT THINKINGBy Frontiers Consulting on Wed, 16 September, 2015 11:06:08 AM.
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There are setbacks that will occur when you keep viewing the world from a pay-check mentality.
You will expect life to work the way it had when employed.Thinking and operating from a pay-check mentality that you can succeed if you follow instructions carefully can make being self-employed confusing, frightening and pressure-filled.
Once you realize that you have to approach this problem in a fundamentally different way,the challenges will push you to adopt a new perspective. From this perspective,there will be clarity,what was dreaded and impossible will become welcomed and manageable.
By making these mental shifts,you will avoid many of the more painful adjustments to being on your own.Read More
DOs AND DON’Ts WHEN YOU MAKE A MISTAKEBy Frontiers Consulting on Wed, 16 September, 2015 09:45:43 AM.
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Being your own boss has ups and downs these include mistakes which are inevitable especially in the beginning.
Arrange, whenever possible to make your mistakes where they won't hurt you.
Get the bugs out of your operation by doing trial runs.Then you can actually enjoy making mistakes because you'll be able to find and correct them before they can do any harm.
Experience makes you effective and is built on a history of corrected mistakes.Read More
BUSINESS QUOTATIONS FOR ENTREPRENEURSBy Frontiers Consulting on Mon, 14 September, 2015 05:24:30 PM.
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I understand small business growth. I was one. GEORGE W. BUSH
You can never be an entrepreneur if you're afraid to lose money. It's like being a pilot who is afraid of bad weather. PETER DE SAVARY
Being an entrepreneur is about having the will and determination and not being frightened of getting it wrong. JASON DRUMMOND
Everything is always impossible before it works. That is what entrepreneurs are all about – doing what people have told them is impossible. R. HUNT GREENE
Everything I do I love. An entrepreneur is a big artist. NICOLAS G. HAYEKRead More
BUSINESS QUOTATIONS ON COMPETITIONBy Frontiers Consulting on Mon, 14 September, 2015 05:17:59 PM.
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- I feel sorry for those who live without competition…fat, dumb, and unhappy in cradle-to-grave security. DONALD M. KENDALL
- I believe that if you’re going to take someone on, you might as well take on the biggest brand in the world. RICHARD BRADSON
EXCELLENT CUSTOMER SERVICE IN BUSINESSBy Frontiers Consulting on Mon, 07 September, 2015 01:14:37 PM.
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Customer service relates to the service provided to customers before, during and after a purchase. No matter the size of your business, excellent customer service needs be at the heart of your business model if you wish to be successful.
It is important to provide good customer service to all types of customers, including potential, new and existing customers. Although it can take extra resources, time and money, excellent customer service can make satisfied customers introduce the product or service to other friends which can generate positive word-of-mouth for your business, keep your customers happy and encourage them to purchase from your business again. Good customer service can help your business grow, prosper, add value to your product or service and build good enduring relationships.
Even when the pressure is on, maintaining your defined customer experience is critical.
These are basic steps to improve customer service:Read More
TODAY ON OWN YOUR OWN - MAKE YOUR BUSINESS STAND OUT TODAYBy Frontiers Consulting on Mon, 07 September, 2015 12:58:10 PM.
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If you want your business to stand out, you need to ask yourself what truly makes you different from your competition. That means doing some competitive research from the perspective of your customers.
DEVELOP AN X-FACTOR: After some good introspection on your business, it's time to develop an “x-factor” that separates you from your competitors. Not just some minor detail that makes you (somewhat) unique.
It needs to be something you do or have that nobody else does, it must add value to your business, and (ideally) be something that your competitors can't do. Focus on your strengths. That's the secret to truly standing out.
TEN MARKETING WORDS YOU SHOULD KNOWBy Frontiers Consulting on Mon, 10 August, 2015 01:33:13 PM.
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FEASIBILITY- a test to see if something is possible.
GRAPE VINE- an informal and unofficial communication network within an organization that passes on information by word of mouth.
DISCREPANCY- a lack of agreement between figures in invoices or accounts.
FACSIMILE- an exact copy of a text or illustration.Read More
MEET THE MAN BEHIND THE BLINGS-CHRIS AIREBy Frontiers Consulting on Mon, 10 August, 2015 10:00:15 AM.
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Chris Aire, an Edo state born Nigerian known as "the King of Bling," is jeweller to the stars whose dazzling creations are worn by the likes of Angelina Jolie, 50 Cent and Shaquille O'Neal.
But although he might be regularly rubbing shoulders with Hollywood superstars, famous musicians and elite athletes today, there was a time when the Nigerian-born designer could only dream about approaching a celebrity.
More than two decades ago, Aire used to hang outside five star hotels and trendy bars in Los Angeles in the hope of showing his designs to a potential star client.
"I had my little coach bag," remembers Aire. "I had everything in it 'cause seriously I didn't know any of these guys. So walking up to them you really have just a minute -- if even that -- to say 'yo, this is what I've got,'" he adds. "I had instances where people thought I was selling hot items -- 'this dude out here man, he's got some stolen stuff.Read More
FORD MOTORS STILL KEEPING THE PACEBy Frontiers Consulting on Mon, 10 August, 2015 09:51:23 AM.
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The Ford Motor Company (commonly referred to as simply Ford) is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer, Troller, and Australian performance car manufacturer FPV. In the past it has also produced tractors and automotive components. Ford owns a 2.1% stake in Mazda of Japan, an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling of China. It also has a number of joint-ventures, two in China (Changan Ford Mazda and Ford Lio Ho), one in Thailand (Auto Alliance Thailand), one in Turkey (Ford Otosan), and one in Russia (Ford Sollers). It is listed on the New York Stock Exchange and is controlled by the Ford family, although they have minority ownership.Read More
TODAY ON OWN YOUR OWN - ONE OF AFRICA'S LEGENDARY ENTREPRENEUR'S "MO IBRAHIM"By Frontiers Consulting on Fri, 07 August, 2015 04:11:54 PM.
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Dr Mohamed "Mo" Ibrahim (born 1946) is a Sudanese-British mobile communications entrepreneur and billionaire. He worked for several other telecommunications companies before founding Celtel, which when sold had over 24 million mobile phone subscribers in 14 African countries. After selling Celtel in 2005 for $3.4 billion, he set up the Mo Ibrahim Foundation to encourage better governance in Africa, as well as creating the Mo Ibrahim Index, to evaluate nations' performance. He is also a member of the Africa Regional Advisory Board of London Business School.
In 2007 he initiated the Mo Ibrahim Prize for Achievement in African Leadership, which awards a $5 million initial payment, and a $200,000 annual payment for life to African heads of state who deliver security, health, education and economic development to their constituents and democratically transfer power to their successors. Dr Ibrahim has pledged to give at least half of his wealth to charity by joining (The Giving Pledge).
In 1989 he founded MSI, a consultancy and software company, which in 2000 was bought by the Marconi Company.Read More
TODAY ON OWN YOUR OWN: WHO KNOWS YOU?By Frontiers Consulting on Tue, 12 May, 2015 10:02:36 AM.
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Most professionals concentrate a lot on becoming very good in their fields of expertise. This is a good thing. But, unfortunately, some people are in fact so engrossed with becoming the best so much so that they ignore (inadvertently) the marketing aspect of their business practice. This is very a very key aspect of your business if you intend to succeed. Let us assume you have just started out in business and perhaps you run a small consulting outfit. How can you promote the services you render? How can you make customers aware of your existence?
Today, let us look at how you can promote your consultancy services so that your intended customers can know about what you do and thereby patronise you.Read More
TODAY ON OWN YOUR OWN: PARTNERS IN PROGRESSBy Frontiers Consulting on Mon, 11 May, 2015 11:15:05 AM.
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Decisions as to how to start up in business has been observed to be a very daunting challenge to several people across the globe. People, who want to start a business, can either start up as sole owners of their businesses or can partner with other people. Most times, people who enter into partnerships do so with people they are well acquainted with. This is often so because money and high levels of trust are involved.
Let us take a closer look at what partnerships in business really are. What are the advantages and disadvantages of forming partnerships? What kind of people should we partner with?
PARTNERSHIP: Simply put, this is a form of a business organisation that is formed when two or more people (called partners) come together, pooling their resources together for the sake of a common business goal(s).Read More