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.

Business
Idea
development

To commercialize your business ideas and talents, and make them financially profitable.
Click the link below.

Paid employment to self employment transition

To assist your smooth and stress free transition from paid employment to self employment.
Click the link below.

Entrepreneurship training and empowerment

For knowledge, insights, strategies and methods to grow your team and expand your business.
Click the link below.

Latest Blog

Entries per page: 
TODAY ON OWN YOUR OWN: LESSONS FROM THE PROS
By Frontiers Consulting on Fri, 08 May, 2015 04:35:26 PM.
Total Views 1584. Comments: 0

Aliko Dangote was born on April 10, 1957. He is a Nigerian, a billionaire and an entrepreneur to the core. He is the founder, president and CEO of the Dangote Group. Dangote Group has established presence in several African Countries asides Nigeria including Benin, Cameroon, Ghana, South Africa, Tanzania, Togo and Zambia.

 

By January 2015, Aliko Dangote had an estimated net worth of US$18.6 billion.  

 

According to Forbes Magazine’s ranking, Dangote is the 67th richest person in the world. He is the person in Africa. 

 

HOW HE STARTED

At the age of twenty, Dangote was given a small amount of money to start his own business by his grandfather, Alhaji Sanusi Dantata. Immediately, Dangote, young

Read More
TODAY ON OWN YOUR OWN: WHEN THERE IS A DECLINE..
By Frontiers Consulting on Thu, 07 May, 2015 12:02:13 PM.
Total Views 936. Comments: 0

There comes a time in the life of a product when everything starts to nose-dive in decline. Sales drop, profits shrink and customers are no longer eager to buy. As entrepreneurs, what should be our outlook when this phenomenon, which is inevitable at times, occurs? What steps can be taken to salvage the situation? Should the entrepreneur just sit down and look? Obviously not.

 

Let us consider the following steps:

 

NEW PRODUCT DEVELOPMENT: When a product’s sales and profit levels start to decline, one of the steps most business people take is to add some improvements to the product, some modification s here and there and the new product is delivered to the market as “New Improved”. That’s one strategy a lot of auto manufacturers have adopted in turning out new models year after year.

Read More
TODAY ON OWN YOUR OWN: TIME IS MONEY
By Frontiers Consulting on Wed, 06 May, 2015 11:01:02 AM.
Total Views 1144. Comments: 0

Every day is made up of twenty four (24) hours only. No more no less. This means that whatever you do, you cannot add to the number of hours available to you for operating your business. No matter how fast or slow you work, the time available to you in a day will not increase or reduce. What does this imply to us as entrepreneurs? What should entrepreneurs do with their time? How can they make the best use of their time every day?

 

The following time management tips are as relevant in our businesses as they are in our daily lives. They include:

Read More
TODAY ON OWN YOUR OWN: WHEN THE CUSTOMER SAYS "NO"!
By Frontiers Consulting on Tue, 05 May, 2015 09:27:21 AM.
Total Views 1215. Comments: 1

Nobody likes rejection. Relationships often tend to go sour whenever we face some sort of rejection or the other. In business, rejection can be painful. Imagine yourself as a salesman, who has to go from door to door, selling an insurance policy and at virtually each door you get to, the answer you get is a “no” even before you finish introducing yourself? How would that make you feel?

 

The fear of rejection is common with business people, especially those who are new into the business and are just learning to sell themselves and their products.

 

No matter the circumstances we (as entrepreneurs) should develop some positive attitude towards handling and facing the reality of rejection appropriately. The following seven tips suggests ways this can be achieved:

Read More
TODAY ON OWN YOUR OWN: WHAT A MAN CAN DO...
By Frontiers Consulting on Mon, 04 May, 2015 09:43:14 AM.
Total Views 835. Comments: 0

It is not news to say that women who want to venture into business are faced with a number challenges, particularly in Africa. Is it because “it is a man’s world” as it is commonly said? Or is it as a result of the fact that in this part of the world, the general belief that a woman’s place is strictly restricted to the kitchen rules? When one thinks of women like Oprah Winfrey, Isabel Dos Santos, Folorunsho Alakija, Ngina Kenyatta, Bola Shagaya and Wendy Appelbaum and a number of other women entrepreneurs that run multibillion, international business concerns, one can only be sure of one thing, that is, succeeding as a woman in business is not a fable. It is a possibility.

 

However, we know that women face a lot of issues in connection with starting up a business concern. What are these challenges and how can they be surmounted?

Read More
TODAY ON OWN YOUR OWN: DO YOU WANT MORE?
By Frontiers Consulting on Fri, 01 May, 2015 10:21:37 AM.
Total Views 906. Comments: 1

“My customer base is reducing, what do I do”? “I have only a few customers, how can I attract more customers”? “My customer base is impressive, but I want more”!  At certain stages in the life of a business, the need to generate more customers will arise.

 

As an entrepreneur running a small business or a world-class big business, what can you do to attract more customers? Let us consider the following points:

 

INCENTIVES: Price discounts and sales promotions are typical incentives that entrepreneurs can use in attracting new customers to their business. However, the costs attached to this free incentives should be well calculated so that sharp loses are not incurred.

Read More
TODAY ON OWN YOUR OWN: JUMPING INTO MULTILEVEL MARKETING? THINK...
By Frontiers Consulting on Thu, 30 April, 2015 09:27:15 AM.
Total Views 987. Comments: 1

Multilevel marketing is no longer new in several parts of the globe today and it has been tagged by many as one of the fastest and stress-free way of getting rich. Multilevel marketing is a marketing strategy whereby salespeople are compensated for every purchase and sales that they make and for every sales made by the salespeople that they also recruit with the same company. Recently, many companies have started applying this strategy in generating sales and driving rapid turnover. Banks, schools and even public concerns also run some sort of referral system whereby loyal customers get some money (commission) once the people they refer the business to come on board.

 

Several people are embracing multilevel marketing today mainly to generate additional income. This is so because in most instances it does not take long before one starts to make money in multilevel marketing. 

Read More
TODAY ON OWN YOUR OWN: POWERFUL NETWORKS, PRICELESS BENEFITS
By Frontiers Consulting on Wed, 29 April, 2015 11:44:12 AM.
Total Views 1088. Comments: 1

No man is an island. We were all created to live and work together, thereby benefiting from one another in several ways. This same principle is applicable in business. To grow personally and business wise, serious minded entrepreneurs take time to network. Networking entails establishing quality relationships with the people that matter in industry from several areas/disciplines.

 

During business meetings, seminars, workshops, social/corporate events, in the course of daily business operations, at religious gatherings, etc., people are afforded the opportunity to network with one another. Both small and big businesses benefit from networking in business.

Read More
TODAY ON OWN YOUR OWN: ONE THING A BUSINESS DOES NOT NEED
By Frontiers Consulting on Tue, 28 April, 2015 12:33:10 PM.
Total Views 992. Comments: 0

One of the greatest assets for every business is diligent, honest and loyal employees. Once the business starts to grow, employment of additional hands becomes inevitable. A major reason entrepreneurs employ diligent staff is to assist them in their business and delegate work load appropriately. However, this is not the case when you have staff who, along the line, start to develop questionable character and begin to pilfer money and materials from you.

 

The last thing any business person would want to deal with is a fraudulent, lazy, dishonest employee or apprentice. Asides the fact that you will start to lose money and other very important materials/office equipment and tools, the fraudulent staff may as well go as far as defrauding your clients if this serious personality problem goes on unchecked. Eventually, your business reputation will be at stake and the business may end up crumbling down.

Read More
TODAY ON OWN YOUR OWN: WHERE DOES YOUR MONEY GO?
By Frontiers Consulting on Mon, 27 April, 2015 10:55:16 AM.
Total Views 996. Comments: 1

One typical issue that many small business owners face is financial management. Managing the finances of a small business is a critical aspect that all business people must take very seriously. Reckless spending and poor record keeping are common problems that these businesses face on a daily basis. How then can a small business fix this lingering problem? What steps can be taken for remedial action?

 

Budgeting is a strategic technique that can be applied.

 

How can a small business start to run a budget? What kinds of budget exist and which of these budgets can a small business work with? What is the purpose of budgeting? Are there advantages to be gained from budgeting? Any disadvantages? Let’s consider the following:

Read More
TODAY ON OWN YOUR OWN: DISCOVER YOURSELF - BE A SUCCESS
By Frontiers Consulting on Fri, 24 April, 2015 12:17:54 PM.
Total Views 1268. Comments: 0

“The economy is bad.” “The government is not doing enough for the populace.” “The weather is harsh in this part of the world.” “There are no opportunities in this country.” Bla bla bla… (The list is endless). This is cheap and very common talk today. However, it is important to note that the real problem lies with the person and not with the environment. After all, several other people are making it big within the same geographical location in which people with such excuses that we listed above are found.

 

Discovering and maximising one’s potentials is a key to success in business and life in general. However, majority of the people I have met who really want to venture into business usually have this problem. They do not know themselves. They do not know who they really are, what they can do and so they fear to take the risk of taking the next step of launching into business. How then can those aspiring to become successful entrepreneurs discover their potentials? Let’s take a look at the following facts:

Read More
TODAY ON OWN YOUR OWN: AM I DOING ANYTHING WRONG?
By Frontiers Consulting on Thu, 23 April, 2015 01:21:11 PM.
Total Views 985. Comments: 0

Speaking on the phone is something we do every day. However, speaking on the phone with your friend or family is not the same thing as when you are talking to a client or a potential customer. It is key that we pay attention to certain little details that are essential when talking on the phone especially when it is a business call. Whether you are in charge of customer service or you are the secretary, or perhaps you are even the boss, it is important to take cognisance of the following telephone etiquette:

Read More
TODAY ON OWN YOUR OWN: LOOKING FOR LOYAL CUSTOMERS?
By Frontiers Consulting on Wed, 22 April, 2015 10:01:58 AM.
Total Views 883. Comments: 0

Have you seen a business that’s flourishing? Revenue is coming in and all is going just well therein. Some factors are definitely responsible for such a scenario. Unarguably, one of these factors is Loyal Customers. Serious business people must come to the realisation of the 80:20 rule. A larger chunk of the proceeds/income that most businesses generate comes from just a meagre percentage of such businesses’ customers.

 

Customer loyalty doesn’t grow overnight; adequate effort must be made to build, maintain and retain loyal customers. Rather than focus on amassing new customers, it is very important to put in place a system whereby a very healthy relationship will be maintained with the existing customers that are loyal. If you want to remain in business and continue to thrive, then you must retain your loyal customers. Here are some steps to achieving this goal:

Read More
TODAY ON OWN YOUR OWN: CONFUSED WITH START-UP? START A FRANCHISE
By Frontiers Consulting on Tue, 21 April, 2015 11:13:08 AM.
Total Views 1358. Comments: 0

There are a number of ways by which businesses establish their presence across international borders. One unique way in which this is done is franchising. According to Free Advice (www.freeadvice.com), a franchise is “a business in which the owners, or "franchisors", sell the rights to their business logo, name, and model to third party retail outlets, owned by independent, third party operators, called "franchisees"”.

 

Rather than struggle with starting up a business afresh from the scratch, many business people have embraced franchise arrangements. Perhaps there are questions running through your mind now and you may be wondering, “What does it cost to start up a franchise?” “How is a franchise run?” “Who controls the franchise?” “What are the benefits and demerits involved in franchising?” If that’s the case, let us consider the following:

Read More
TODAY ON OWN YOUR OWN: HELP! MY BUSINESS IS DYING!!!
By Frontiers Consulting on Mon, 20 April, 2015 09:01:39 AM.
Total Views 918. Comments: 0

I visited a popular shopping complex in a major city in Nigeria in 2011 for the very first time. By the time I was revisiting the same mall a year after my first visit, I discovered that majority of the signboards of businesses/shops that I saw there a year ago were no longer visible. Several changes had occurred. Most of the former businesses I met there had folded-up and new ones had sprung up, taking their place. As I thought about the reasons why many businesses fail shortly after start-up, the following points came to mind:

 

WRONG REASONS FOR BEING IN BUSINESS: A lot of upcoming entrepreneurs get into business for the wrong reasons. Some think that starting up a small business is the solution to the problems they may be experiencing in life. Some other people go into business because their peers and friends are doing the same. This is a short-sighted approach to business and, when the foundation upon which a business is built is faulty, you can be sure that failure is imminent.

Read More
28-09-2014 Events
The Event title
The full event details