[23 Mar 2009 | 2 Comments | 548 views | Email This Post ]
Mediocre vs Excellence: a case study of Nigerian dotcom startups

I have been a little bit troubled by our standards in evaluating startup solutions that are worthy of celebrating and that which are not worthy of celebrating, in our dotcom industry. I am using the “our” in this context, to address dotcom start-ups in Nigeria, as I am a role player, and because I don’t want to be accused of being a “traitor” to the Nigerian dotcom industry.
I have on several occasions came across start-ups being featured on Nigerian technology blogs without benchmarks and in-depth scrutiny on the quality, effort, …

[20 Mar 2009 | One Comment | 763 views | Email This Post ]
Is your business affected by the appreciation of a foreign currency?

The bad news is, our business in Nigeria, is facing a lot of challenges,  in the battle of the US Dollar vs the Nigeria Naira. The US Dollar appreciation against the Naira, has caused our business tremendous pain and agony. Our business in Nigeria has lost about 50% of its revenue to the currency market this year alone. Its disheartening. At 180 Naira to a dollar from 120, our bills cost us 0.50 USD cents more for every dollar we spend paying the same bills we paid last year.
We rely …

[19 Mar 2009 | 2 Comments | 532 views | Email This Post ]
The business kitchen

This post was inspired by an entry on “Ubigen” titled “In business, are you a Chef or a Cook?“. His post was more directed towards answering
What should a business be? A cook? Or a Chef?
I am going to deviate a little with my own perspective of business itself.
So My question would be, Does your business develop products and services that taste like chicken or beef? If either, how does your business cater for “vegetarians”. Or does it cater for meat lovers only, because it is niche oriented? Or perhaps …

[18 Mar 2009 | 2 Comments | 446 views | Email This Post ]
Apple WOW factor

Most smartphones of today including the one I use, The HTC Touch Pro support
1. MMS
2. 3G
4. Cut and Paste
5. and even stereo bluetooth.
To Apple marketing department this is a “COOL” feature, and I guess they got that right with the “WOW” buzz they created with the release of their iPhone OS 3.0 software, which according to them is the next version of the world’s most advanced mobile platform. I am sure this would lock in new buyers.
Perhaps I should get one too?
WOW

[18 Mar 2009 | 3 Comments | 613 views | Email This Post ]
Africa is open for business

Yes she is..The time magazine (March issue) had an interesting coverage on Investing in Africa with a case of a bank in Togo “Ecobank”. Ecobank employs 11,000 people and has 620 branches in 26 countries with an excellent balance sheet of $8 billion dollars, and not only that, it actually makes money in the current world economical crisis; it made a whooping 32% profit in 2007 amounting to $104 million dollars and its up 47% this year.
Why is Africa the perfect destination for investment today?
1. Africa’s average annual growth from …

[17 Mar 2009 | 4 Comments | 460 views | Email This Post ]
Social networks consume your time

Social Networks are extremely addictive and bad for you and I. I am loosing my discipline !! Not only me, even some of my friends are lamenting, as they have grown from spending 2 hours a day browsing the Internet to spending more than 6 hours parading social networks, from one network to another, depending on which connects them to friends, to which allows them to share their pictures and even to which tells their friends and colleagues what they are up to at that particular moment. The variety of …

[16 Mar 2009 | 9 Comments | 1,811 views | Email This Post ]
How to Run an online shop in Nigeria

In my previous entry, I covered Internet shops in Nigeria and how disappointed I was at the fact that there aren’t many to cover.
To Run a successful Online Shop in Nigeria, requires an in-depth understanding of the Market and its Consumers. I learnt this the hard way in the past 5 years or so. The Nigerian consumer behaviour and the market dynamics is very different from what you would experience in the USA or even in the UK.
Havent said the later, Are Nigerians really ready to Buy things online?
The good …