Cambridge IGCSE Business Studies 0450

Sometime ago i wrote a post on business ideas one can start in Nigeria with little capital But capital is required in starting up a business no matter how small. this article is aimed at investigating how young Nigerian entrepreneurs can raise money to finance their small and medium scale businesses. You work well within a team and you are a very loyal person to those you love. When working in a group it is important that for you to perform well, you need to be allocated your own specific task and responsibility, and not be overlapped with others.

Thus, left to its own devices, the pure free market worshipped by the Republicans will amazingly underpay for basic science relative to other things. The inefficiency and lost utility will be off the charts, especially over generations. And we see this.

The 80/20 Rule means that in any set of things (workers, customers, etc.) a few (20 percent) are vital and many (80 percent) are considered trivial. In Pareto’s case, he found that roughly 20 percent of the people in his country dominated with 80 percent of the wealth. Project Managers know that 20 percent of work (usually the first 10 percent and the last 10 percent) consume 80 percent of the time and resources. The 80/20 Rule can be applied to almost anything! You know 20 percent of your inventory occupies 80 percent of your warehouse space. Similarly, 80 percent of your inventory items come from 20 percent of your suppliers. At the same time, it’s likely that 80 percent of your revenues will be the result of sales made by 20 percent of your sales staff. And 20 percent of your workers will cause 80 percent of your problems, while another 20 percent of your staff will deliver 80 percent of your entire production.