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It's our first newsletter of the year, and this is us welcoming you to the new year. Happy New Year; we hope you're sailing high despite Nigeria's current challenges.This month, we'll like to discuss coping strategies for the epileptic power supply and the current fuel scarcity situation in Nigeria. As a business owner, it must be difficult to manage yourself and your business with the country's current plight. To avoid getting overwhelmed and throwing in the towel this new year, here are some tips for you:1. Work with a power rationing plan: If your business runs on power consistently, consider organising work when you can power machines for use, after which the generator or power supply is turned off to conserve it.2. Consider alternative sources of power generation: With an influx of battery and solar-powered devices into the Nigerian market, consider investing in some of these alternatives e.g. solar-powered lamps to provide light and battery-powered fans for cooling.3. Outsource: Outsourcing aspects of your business operations could also be an efficient and resourceful strategy to adopt in a fuel scarcity situation. For instance, if you run a business that relies heavily on delivery, you may want to consider outsourcing your products by engaging a reliable person or company to handle this aspect.To find out other coping mechanisms for surviving the fuel scarcity phase as a small business owner in Nigeria, click here. 

OUR RESOURCES

3 Strategies for Boosting Sales

What are your strategies for boosting sales this year? You've written your new year resolutions and one of them is to make more sales, but how? Find out here.

How to Determine Product Price

As an entrepreneur, you continuously ask yourself and others who care to listen, “how much should I charge? Learn how to determine the selling price for your products here.

Navigating the Nigerian Political Space

The Nigerian political space has a significant impact on your business's survival. Here's what you need to know about navigating your business after the upcoming Nigerian elections. 

3 Habits of Efficient Entrepreneurs

Regardless of how many years you've been in business, you still need to pick up positive habits from time to time. These proven habits of efficient entrepreneurs will help you achieve your goals.

VIDEOS: HOW TO BE A PRODUCTIVE BUSINESS IN 2023

Watch Nneka Okonkwo, the CEO of Productivity Insights, share strategies for ensuring your team is productive enough to sustain your business productivity in 2023.

BUSINESS FUNDING OPPORTUNITIES

The Climate Finance Accelerator (CFA) is a global technical assistance programme funded by the UK government to support climate projects to access finance directly. It aims to increase visibility, provide climate project developers greater and networking opportunities to access finance from investors, and support climate projects to realise and communicate their positive impacts. The CFA also seeks to deliver several co-benefits, such as coachings. For more information on the benefits of the accelerator, and its eligibility and application requirements, click here...