Tag Archives: Recommended

[RECOMMENDED] The importance of key performance indicators for profitability

The article linked below echoes a message I’ve been screaming through my Cost-Saving Best Practice Farm Business Ideas articles (like THIS one – click to view) for over a decade, to my Farm CEO target audience 

That’s why my Custom Spreadsheet software are designed to auto-compute and report, in tabular as well as charted format, commonly used KPIs for farm businesses they are built for e.g the Excel-VB Poultry Farm Manager, and the Excel-VB Catfish Farm Business Manager.

KPIs are crucial tools for monitoring the performance of a business in operational as well as financial terms – and EVERY Farm CEO needs to make smart use of them, to be sure s/he achieves efficiency and profitability repeatedly and consistently.

Without KPIs, you would effectively be working blind – which means you would have no means of accurately determining whether your business is doing well or not, in a reliable and sustainable manner. Definitely not a smart thing to do.

Now, even though this article uses Pig farming as the basis for discussion, the insights it offers can be successfully applied to other livestock farming enterprises. And that’s why I’ve chosen to share it here.

Hope you enjoy reading it.

Tayo

PS: I’m preparing to produce a new Audio Podcast Training (APT) Series designed to educate Farm CEOs about How to develop and use Key Performance Indicators (KPIs) for records management. It will come with PDF tip sheets and spreadsheets loaded with ready-to-use report generation formats for the KPIs discussed. This is to help those of you who may wish to adopt these powerful tools, but do not know how to go about it. Click here to join my list so you get notified in your email once it goes LIVE.

 
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The importance of key performance indicators for profitability
 
Research and development into many areas of commercial pig production has fuelled improvements in productivity and output. Yet, it is still questionable if profitability on farm is increasing, or even being maintained, in-line with these advancements. 
 
Industry experts advise that remaining profitable is imperative, and the way to monitor this is through key performance indicators, which ensures a unit is reaching its full potential through maximum production efficiencies.
kpi-abn-uk

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[RECOMMENDED] Nigeria has a culture of not paying workers and it’s not about to change anytime soon

Many government bodies and private companies in Nigeria can leave workers unpaid for several months. In this 2012 photo are protesting employees of This Day newspaper. (AP Photos/Sunday Alamba)

naija-owing-salaries

Lagos, Nigeria

Taiwo Olatunji is tired.

Tired of waiting. Tired of excuses. Tired of not knowing exactly what he needs to do next. He’s been teaching high school financial accounting in Nigeria’s southwestern Osun state for the last decade. He enjoys his job and gets on with his colleagues.

Continue reading…

https://qz.com/663626/nigeria-has-a-culture-of-not-paying-workers-and-its-not-about-to-change-anytime-soon/

[RECOMMENDED] The Fourth Industrial Revolution, by Klaus Schwab

It is my considered opinion that people living and working in my part of the world (Africa), in particular, BADLY NEED to align themselves with (and pro-actively ADAPT to) fast paced technology driven changes sweeping across the globe, if they are to avoid getting permanently left behind by the rest of the world. I believe this book offers potentially useful insights that can be built on in that regard – hence my recommendation of it here.

The Fourth Industrial Revolution, by Klaus Schwab

Ubiquitous, mobile supercomputing. Intelligent robots. Self-driving cars. Neuro-technological brain enhancements. Genetic editing. The evidence of dramatic change is all around us and it’s happening at exponential speed.

Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, has been at the centre of global affairs for over four decades. He is convinced that we are at the beginning of a revolution that is fundamentally changing the way we live, work and relate to one another, which he explores in his new book, The Fourth Industrial Revolution.

4th-indust-rev

https://www.weforum.org/pages/the-fourth-industrial-revolution-by-klaus-schwab/

[RECOMMENDED] What Exactly Is Content Marketing and Why Do You Need It?

I read this excellent Inc dot com piece titled “What Exactly Is Content Marketing and Why Do You Need It?” in less than 2 minutes. But I can tell you – based on my experience as one who MAKES MONEY PROFITABLY by using mainly Zero Cost Content Marketing, that the wisdom it offers can yield the reader who diligently applies it, a lifetime of profitable web marketing returns.

conent-marketing-inc-dot-com

I say the above as one who has routinely used Content Marketing to attract high quality clients from within and outside Africa, for the multi-disciplinary range of solutions I offer for over a decade.

Yep. The advice in the article is truly SPOT ON!

And that’s NOT at all surprising since the three experts interviewed are highly recognised authentic achievers in the use of Content Marketing to generate quality sales leads for business.

Click the link below to read the tips they offer about why Small Businesses NEED to adopt Content Marketing to excel in the client recruitment marketplace – including mistakes to be avoided.

https://www.inc.com/anita-newton/what-exactly-is-content-marketing-and-why-do-you-need-it.html

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PS: Get Personalized Content Marketing Support for ONE Year FREE – from www.tayosolagbade.com
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By way of interest, I conceived the Web Marketing System (WMS) I develop and implement for clients as a repeatable and reproducible tool for low cost Content Marketing.

It’s the product of years or trial and error, that I invested thousands of hours to develop.

[Incidentally, I published a 3 part educational series in 2009 on the same theme as the above mentioned Inc dot com article, which MANY have found quite useful. It’s titled “Why You Need a Web Marketing System“]

Today, apart from using it to generate quality sales leads for the range of custom products and services I offer, I also help clinets develop and implement THEIR OWN custom WMS to attract and win over profitable paying clients.

Over the last 2 years I’ve offered an End-Of-Year opportunity for new clients to gain low cost access to my Web Marketing Support Servicd.

Click the link below to view details of the 2017 edition that went LIVE recently…

http://tayosolagbade.com/smclub-nonfarm.html

Related Articles

7. One of the many performance metrics currently used by serious business website owners is the Website Conversion Ratio(WCR). Read full article at: http://tayosolagbade.com/sdnuggets/how-to-choose-the-right-website-design-service-provider-4-tips/
8. In case you’ve not yet read it, here’s an excerpt from the text transcript I did from Terry Dean’s video. This guy’s wisdom is superior to most of the fance Internet Marketing Gurus. He gets results, because he focuses on doing what works, and NOT on hype and bells/whistles:

“Your direct response website is simply a sales letter.

Pretty websites win awards.
Plain websites with good copy make money.
A website that makes money is never going to be the same one that wins awards.” – Terry Dean

Read full article at http://tayosolagbade.com/sdnuggets/pii-040-2-pdf-guides-on-writing-to-attract-potential-buyers-one-pdf-report-on-zero-cost-book-marketing-get-yours-here/

9. PII 042: To Use a Web Marketing System (WMS) Successfully, Ignore Nay Sayers, Doubting Thomas’s and Armchair Theorists

[RECOMMENDED] Effect of Socio-Economic Characteristics of Farmers on Their Adoption of Organic Farming Practices [Chapter downloaded over 6,000 times from book titled “Crop Production Technologies”] – by O.M. Adesope, E.C. Matthews-Njoku, N.S. Oguzor and V.C. Ugwuja

UNIPORT’s Professor of Agricultural Extension Services – Olufemi Martins Adesope – posted a blog today (see screenshot/link below) featuring email notification from www.intechopen.com, that the above mentioned international paper on Organic Farming had been downloaded over 6,000 times.

martins-blog-organic-farming

I’ve found the paper to be an excellent read, and recommend that you download and read the PDF version linked to on his blog at http://omadesope.com/blog/2017/09/20/effect-of-socio-economic-characteristics-of-farmers-on-their-adoption-of-organic-farming-practices-chapter-downloaded-over-6000-times-from-book-titled-crop-production-technologies-by-o-m-ade/

oma-intechopn-6k-downloads

[RECOMMENDED] 5 Proven Ways to Boost Farm Profits without Raising Prices | And 5 Other Farm Business Best Practice Guest Posts for Farm CEOs by Tayo Solagbade

Below: Screenshot of my Guest Post titled “5 Proven Ways to Boost Farm Profits without Raising Prices” on AfricaBusinessCommunities dot com

5proven-ways

I got this article accepted and published as a Guest Post (along with 5 others) back in 2012 on AfricaBusinessCommunities dot com and the sister site – Nigeria BusinessCommunities dot com.

2 years later, in 2014, due to the poaching of my – then 9 year old – domain (spontaneousdevelopment dot com) that occurred, I moved my website contents to www.tayosolagbade.com.

Unfortunately, despite my best efforts via email, I was unable to reach the editor of AfricaBusinessCommunities dot com, who had accepted my articles, to inform her about the change in my website URL.

As a result ALL the articles continue to link my name and byline references to the defunct domain (spontaneousdevelopment dot com)

Today, I came across her profile on Twitter and tweeted my new URL at her, with a request that she help update the relevant links in my published pieces.

Hopefully, now that can happen soon, so readers of my Guest Posts don’t wonder what happened to spontaneousdevelopment dot com (click to read the true story),
without getting an answer lol!

Below: Titles and URLs to ALL the Guest Posts I have published on AfricaBusinessCommunities dot com and the sister site – Nigeria BusinessCommunities dot com

1. Five Essential Poultry Layer Farm Production Records

http://nigeriabusinesscommunities.com/features/five-essential-poultry-layer-farm-production-records.html

2. Five Powerful Tools for Accurately Measuring Your (Farm) Business’ Health

http://nigeriabusinesscommunities.com/features/5-powerful-tools-for-accurately-measuring-your-farm-business-health.html [UPDATE 11th Oct. 2019: This link’s domain is now defunct. Just found out today 11th Oct. 2019]

https://africabusinesscommunities.com/features/5-powerful-tools-for-accurately-measuring-your-farm-business-health.html

3. Five Proven Ways to Boost Farm Profits without Raising Prices

http://africabusinesscommunities.com/features/5-proven-ways-to-boost-farm-profits-without-raising-prices.html

4. Reducing Catfish Feeding Costs (A Secret Weapon) – Part 1 of 2

http://africabusinesscommunities.com/features/reducing-catfish-feeding-costs-a-secret-weapon-part-1-of-2.html

5. Reducing Catfish Feeding Costs (A Secret Weapon) – Part 2 of 2

http://africabusinesscommunities.com/features/reducing-catfish-feeding-costs-a-secret-weapon-part-2-of-2.html

6. Top 10 Ingredients Used in Livestock Feed

http://nigeriabusinesscommunities.com/features/top-10-ingredients-used-in-livestock-feed.htm [UPDATE 11th Oct. 2019: This link’s domain is now defunct. Just found out today 11th Oct. 2019]

https://africabusinesscommunities.com/features/top-10-ingredients-used-in-livestock-feed.html

[RECOMMENDED] Most people in the UK do not go to university – and maybe never will

Most people in the UK do not go to university – and maybe never will

Data suggests that the majority of the UK population will never go to university, finds Charlie Ball.

Almost everyone goes to university nowadays, everyone knows that.

Except that not everyone does and we rarely see accurate statistics about how many or what proportion of people actually do. It’s quite an important question, bound up with thorny issues of workforce skills, educational aspiration and, of course, how (and how much) the UK taxpayer funds our domestic higher education sector.

uk-univ

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[RECOMMENDED] How Startups Can Attract Angel Investment in Nigeria | Get Funded! 50 Organisations That Can Give You Capital To Start and Grow Your Business in Africa

Below are 2 articles featuring what I consider to be potentially useful information for African/Nigerian business owners in search of funding for their businesses.

1. 7 funds available for Nigerian entrepreneurs in 2017

Even though experts generally agree that finance is not the biggest problem facing Nigerian entrepreneurs, many of them still believe that it still ranks among the first five.

Understanding the critical importance of funding to Nigerian business owners and entrepreneurs, Start-Up Digest, in its characteristic manner, has dug up some of the easy-to-get funds available in the country this year.

Criteria

The general criterion for accessing these funds is the capacity to present a bankable and viable business plan. The entrepreneur should be clear on where he wants to be in the near future, and must also be able to describe the market for his or her products.

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https://www.businessdayonline.com/7-funds-available-nigerian-entrepreneurs-2017-2/

 

2. Get Funded! 50 Organisations That Can Give You Capital To Start and Grow Your Business in Africa

Want to know how to get funding for your business in Africa? Are you looking for capital to start a new business or grow an already established company in Africa? Have you tried other alternatives and sources of funding but failed? Is capital your biggest headache and obstacle right now? Smile, we’ve got good news for you.

As part of the research for our new book, 101 Ways To Make Money in Africa, Dr. Harnet Bokrezion and I have put together the largest and most detailed information on 50 Organisations that focus on and provide millions of dollars of funding to entrepreneurs and businesses in Africa every year. The problem is, not many people know about this.

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http://www.smallstarter.com/know-the-basics/how-to-get-funding-for-your-business-in-africa/

[RECOMMENDED] How this Nigerian started a food processing business with little capital

I LOVE this report because the true story it showcases provides insights into how smart thinking in use of the Internet (to get decision making information) coupled with a passion for excellence (and the right partner) can help an entrepreneur with no connections and a limited budget, overcome potentially crippling limitations to launch a food processing startup with export potential from Nigeria.

How this Nigerian started a food processing business with little capital

Ladipo-Ajai got the idea for starting the company while working for four years at Virgin Nigeria (a now defunct airline). During this time she often travelled to developed markets and would visit retailers that stocked Nigerian foods and flavours. She was surprised to discover, however, that many of these Nigerian spices and mixes were actually produced in Ghana.

“The population of Ghana is less than a fifth of Nigeria’s and I was taken aback, wondering why Nigerian food was being made or packaged in Ghana,” Ladipo-Ajai recalls.

“The reason is Nigeria doesn’t have the best reputation – it is known for cutting corners. So it is difficult to export our food because it usually fails the tests of developed countries. In fact, some Nigerians take food to Ghana and export from there, just to get it out.”

Continue reading…

https://www.howwemadeitinafrica.com/nigerian-started-food-processing-business-little-capital/