Between Education And Job Experience Which One Is More Important?

As we hit “back to the school” season, many people may start to think whether University education is a must. University education is expensive but certainly important especially in some fields. However, graduating from University is not a guarantee of landing a job immediately. You also need experience in your desired field.
So, which one is more important: education or experience? Is having experience enough for you to land your dream job without a bachelor’s degree? Or do you certainly require a bachelor’s degree with good academic grades? Keep reading below and decide yourself.

A University with a good reputation can open you many doors. 
It is obvious that a University with a good reputation can provide you many opportunities. Good Universitys have career fairs in which many employers attend. This enables you to find a job easier. Also, most Universitys have alumni networks and this network can help you land a job. However, if you attend a University which no one has ever heard of, that won’t help you as much as you hope for because everybody can get four-year degrees nowadays.

The important thing is how you stand out among this crowd. Similarly, if you decide not to go to University but instead, work full-time and just go to work from 9 a.m. to 5 p.m. every day but don’t grow yourself personally, don’t add any new skills to yourself or don’t take any major responsibilities, then your experience doesn’t matter as much because you are not moving forward.

Employers do not just want experience, they want relevant experience.
You may not have a University degree but have five or six years of experience. However, is this relevant experience or did you hold different jobs in different fields? It all comes down to how your experience is related to the job you are looking to work for. You can work and study at the same time and this makes your degree and experience even more valuable because it shows that you are a very hard working person and disciplined at the same time because doing both of these at once require dedication and discipline.

If you feel working full-time is too much for you while studying, you can try weekend programs, evening programs or NOUN. In this way, you can increase your experience and still get your four-year degree. Also, you can stand out among the crowd because you will have both.

How can a fresh graduate land a job without experience? If you have this question in mind, you are not alone. It will form the basis of our next article.


credit: ceren cubukcu

How New Entrepreneurs Can Avoid Business Bondage

Is pursuing success as an entrepreneur really worth risking so many relationships and losing your personal life?

Business bondage can be described as the state of feeling inexorably intertwined or even imprisoned by your business.
Business bondage is frequently experienced by new entrepreneurs and small-business owners.
Every day as an entrepreneur seems like a marathon. You are exhausted after putting in long hours of work, but you wake up the next day and do it all over again without finding time for you personal life.

Many factors can contribute to this feeling: 

• lack of experience
• financial stress (insufficient capital, late- or non-paying customers, high-interest credit, etc.)
• macroeconomic events (national economic issues, financial market fluctuations, etc.)
• inability to lead or delegate tasks
• inefficient or inadequate business systems
• lack of experienced help/staff
• increase in the competitive environment

According to the Small Business Administration, business startups fail at a rate of roughly 50% within the first five years. In order to make a business succeed it requires enormous financial, emotional and physical commitment by the owner(s).
The flip side of that commitment is the necessity to find life balance or else risk succeeding at work but paying too high a personal cost.

For small-business owners, however, work-life balance isn’t so straightforward. Especially as their business is growing, many owners find themselves immersed in the day-to-day needs of their company—from finding and hiring talent to marketing the opportunities. It’s hard to break away even for an hour, much less take a vacation.
But it's not an entirely impossible task—

How To Achieve Personal Life And Business Balance:

The keys to maintaining balance are flexibility, delegating work and prioritizing time for fun.

Use of Technology: use various scheduling tools to fit everything into place. Technology is a great help—you can use phone calendars, email reminders and mobile reminders to maneuver your way to each meeting, event and party. Also apps like unit converters and Visual Assistant make work a whole lot easier.

Hiring the right people. This will help you to delegate tasks. It will help take your mind of the business for some period of time because you entrusted your business into capable hand(s).

Ensure that you prioritize your personal life.

Be Disciplined: The hardest part about executing on the plan is being disciplined enough to actually meet your goals. In all likelihood, something at the office will challenge your weekly plans and priorities. Appointment requests will come, challenges will arise, meetings will go long, deadlines will loom, and there will always be excuses to make an exception.

Those times will test your priorities. However, you can handle most of the items without making exceptions or excuses if you just stick to your plan.

Let Us Promote Your Business To Over A Million Nigerians At The Lowest Cost Ever

Last Updated: July, 2022



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You don't need to send your message individually to all the emails. The system is designed in such as well that, we when schedule your advert, the email will automatically be sent to all email addresses in the database regardless of location or domain, at the right/optimal time.


Here, the job has already been done, you will have access to all Nigeria emails in the database for your marketing campaign. And the database is being updated once in 3months, while new email addresses are added, non-functional emails addresses are remove. This is to ensure that your message is delivered to real people.

Our email campaigns has opening rate of over 85%. We use paid service for our campaign and this has helped in monitoring rate of responses.

Currently, We can sort out the addresses into different categories (occupation, demography, students, workers, etc) to suit your marketing needs.

We will send out your email campaign for you at the cost of N7,000 only. You will also get a copy of the database. We also monitor the campaign for you. In addition, the campaign will also be advertised on our Facebook page and Twitter handle.

We currently have one million, two hundred thousand active Nigerian email addresses in our database.
The list can be sorted out according to demography and age to meet your marketing needs.

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This is for serious marketers, business owners and individuals that want to market their products and services to all Nigerians.

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Procedure for a Foreigner to Establish Business in Nigeria

For foreign investors that wish to invest in any sector of Nigeria's economy, here are the steps to follow.

STEP1

Incorporation of the Business at the Corporate Affairs Commission (CAC) in accordance with the Companies and Allied Matters Act, 1990.

STEP 2

Registration of the company with Nigerian Investment Promotion Commission for the granting of Business Permit. IPC also grants approvals for expatriate quota positions and incentives.

a. Requirements for Business Permit

•  Purchase NIPC form I for N10,000.00. Completed form submitted with original receipt.
• Certificate of Incorporation.
• A minimum share capital holding in the joint venture.
• Details of share holding in the joint venture.
• Joint venture/partnership Agreement where applicable.
• Memorandum and Articles of Association.
• CAC’s Form CO2 and CO7 duly certified.
• Evidence of capital importation for wholly foreign companies.
• Approval from the appropriate professional bodies where applicable.

Expatriate Quota

In addition to the requirements listed under Business Permit, the following additional requirements have to be met for expatriate quota approvals.

• Evidence of acquisition of operational premises and operational machinery/equipment in the case of industrial establishment.
• Evidence of Foreign Capital Importation.
• Management and Technical Services agreement (for service companies).
• Tax Clearance Certificate.
• Minimum authorized share capital of N5million.
• Evidence that the personnel required is not likely to be available in Nigeria.
• Minimum share capital of N15 million (for two automatic expatriate quota positions) and of N30 million share capital (in case of four automatic expatriate quota positions).
• Supply names, address, qualifications and positions to be occupied by the expatriates.
• The company must produce its project implementation program.
• The company must produce a training program for Nigerians in addition to management succession schedule.
• The company will furnish its feasibility report where applicable especially for new and prior industries.

Incentives


These include pioneer Status and Technical Agreement incentives:

1. Pioneer Status

The benefit of a Pioneer Status Certificate is that the holder (i.e. the company) is exempted from payment of tax for a specified number of years (5 years or 7 years for companies located in economically disadvantaged areas).

Requirements:

*Certificate of Incorporation
*Memorandum and Articles of Association
*Feasibility study
*Tax Clearance Certificate
*Joint Venture Agreement
*Evidence of acquisition and installation
*Evidence of development carried out at factory site
*NIPC Form II (to be purchased from NIPC at N10,000 and should be returned with original purchase receipt)
*The company must not be more than one year old from its commencement date of production
*Evidence of physical development of the factory site
*Joint venture must attain a minimum expenditure of N5 million

2. Technical Service Agreement

This is a form of technical co-operation agreement in which a party will agree to offer technical services to a company for the payment of a fee.

Details and terms of such agreements are normally worked out between the parties involved but such agreements should be registered with the National Office for Technical Acquisition and Promotion (NOTAP).


Fees Payable

• Purchase of NIPC Form I or II N10,000.00
• Approval Fees
• Business Permit N5,000.00
• Expatriate Quota N5,000.00 per slot
• Renewal or re-designation of Quota N5,000.00 per slot
• Amendment of Business permit N2,500.00
• Permanent Until Reviewed (PUR) $5,000 per slot
• Pioneer Status N10,000.00
• Technical Committee on Business Approvals 

A committee of NIPC has been constituted to consider and grant or reject applications for business permit, pioneer status and expatriate quota within 14 days. The committee is headed by the Executive Secretary.