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Doing Business Research

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Doing Business Research

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One viable and indispensable tool for success in business is research. No information is useless, especially when it pertains to business. And as it is often said, nobody has a monopoly of knowledge. You do not need to go to the library or bury yourself in books as if you were preparing for an examination. Studying in this sense can be done passively, informally, casually, anywhere and at any time.

Study other people in the same business you desire to be engaged in, so as to gain inspiration from them and be successful in. Attend trainings and seminars on the business in order to develop more professionalism in it. Challenge yourself and strive to learn and acquire as much skills as are required for you to do business effectively and successfully. As a matter of caution, do not entertain any limitations-close your mind to them. Age, capital, competition, a ready market, demand and all those factors which most people see as barriers can be made to work in your favour if you study and master the strategies to overcome them.

Furthermore, study to find out what works best for you. Be willing to read and research. Knowledge, they say, is power. Orientation is very important, as when you dwell on a particular business for some time, you will begin to master it. In Nigeria for instance, the Igbos who are widely regarded as the most industrious ethnic group and who dominate the commercial sector, have a well-structured pattern of conducting their trade. An Igbo man who owns a large store gets a young boy who serves him under an apprenticeship arrangement for a fixed term, during which the boy understudies the masters and learns all the intricacies of the business. Upon completion of the term, the master “settles” the boy by providing him with capital to set up the same kind of business for himself.

There are several vocations that one can choose to understudy, some of which include hairdressing, tailoring, fashion design etc.  With a high sense of dedication and commitment, the apprentice can become a master in a very short time.

While studying, humility is crucial. You have to be ready to learn, irrespective of your background, status, age, experience or class. It is when you humble yourself that you can learn, for you will endear yourself to your instructor and enjoy more grace from God. After all, we all live by God’s grace but God resists the proud and bestows grace on the humble.

Susan R. George

Susan is the Founder and CEO of Rotdinnah Business Blog. She is an Ex-Civil Servant, Business Consultant, and Entrepreneur who has a passion for mentoring young persons and retirees on the importance of going into business. She believes that business is the best avenue for maximizing potentials, achieving financial success and providing sustainable means of livelihood

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