The Treasure House Blog

  If you are applying for the Tony Elumelu Foundation (TEF) Entrepreneurship program this year, then you must read this article to the end.  In the following paragraphs, I have outlined 10 tips I strongly believe will help you throughout the different stages on your way to access the $5000 grant from the TEF.  As you may already know, the TEF has significantly modified the process of accessing this grant. There are now 4 stages in the process; Application Stage, Training & Mentorship Stage, Business Plan Submission Stage, Pitching Stage, and Seed Capital Stage. Click here to read every detail about what to expect from the TEF 2021 edition. The information in this article will be very useful to you throughout this process, especially if you are successful in the application stage.   And if you are yet to submit your application for the TEF 2021, maybe because you are short in confidence, or you really don't have time to figure it all out,  get my ...

It took me many years of frivolity to learn what I’m about to teach you in this post. Now you need to “Come closer” and pay serious attention to this.   Actually, this is not my first attempt to teach people how to save money or try to convince them on why they should save money. And over the last one year doing that, I have discovered that people have a lot of reasons why they won’t save money. “My take home is not sufficient to take me home” I have too many responsibilities; I can’t really afford to put away some money when I have need for them” “Actually I try, but I’m just not disciplined enough to keep money in the savings” “Never mind I will start saving next year… when I get a pay rise… when I graduate…” And a whole bunch of excuses like that.  Well, they say failures always have excuses, so no doubt. Well, if you are one of these people, this post is not for you, because I’m done convincing your kind to learn to save. This post will focus ...

FUNDAMENTAL & PRACTICAL ELEMENTS OF AN IDEA THAT WOULD MAKE A GOOD& SUSTAINABLE BUSINESS START UP. Nigerians are so gifted in ideation that every year, over 1 million businesses are started in the various parts of the country. These businesses are in varied scale, nano, micro, small and medium sized businesses.  However and sadly too, research has shown that more than 90% of start ups in Nigeria die before their 5th birthday. In fact up to half attain the failure status in the first year. The following three are among the biggest reasons for these abysmal record. And these three are what I have called the fundamental and practical elements of business start up and sustainability. You probably know them,  but I want to briefly tell you why they are so important in your choice of business. 1. Need The only reason every good business exists is to provide solution(s) to the needs of the people. If a business doesn't solve a real  problem, that business is d...