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How to build a new business

  1. Find a market need.
  2. Find customers.
  3. Create the product.

Most people start at No 3. They build the product, look for customers, and try to meet their needs.

That’s why 90% of new businesses fail.

People before products.

The order of an entrepreneur’s questions should be:

  1. What do people need/want? Market research.
  2. Who are these people? Target market identification.
  3. What product can I supply to meet the needs of these future customers Product.

Don’t flip it, it’s people before products.

Inspired by Dr. Tayọ Oyedeji

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business

Airbus and Green Africa announce strategic Partnership for 50 A220 Aircraft

Green Africa Airways, Nigeria’s Lagos-based airline, has signed a Memorandum of Understanding (MoU) for 50 A220-300 aircraft, one of the major orders to be placed globally for the A220 programme and the largest ever from the African continent.

Babawande Afolabi, Founder and CEO of Green Africa Airways said the Green Africa story is a story of entrepreneurial boldness, strategic foresight and an unwavering commitment to using the power of air travel to create a better future.

Airbus Chief Commercial Officer Christian Scherer optimistic about the partnership, said the unique characteristics of the A220 will allow the airline to unlock destinations and route pairs that previously would have been considered non-viable.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft.

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business

How to Get Tax Identification Number, TIN From LIRS

With the Finance bill now law and set to be gazetted by 1st of February, banks have started requesting for your Tax Identification Number (TIN) and will soon restrict access on accounts not verified.

You can get it online from the LIRS uaing https://t.co/BvA4oRzFa3.

All you that is required is is your Bank Verification Number, BVN.

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