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John Grope, a veteran in e-commerce was running a profitable online venture selling women’s clothing. However, he faced fierce competition from others. It was imperative that he reduce expenses and work with razor thin margins. John had heard of cloud technology from other sources. Though he was skeptical about venturing into new technology, he had no option but to have a closer look at the cloud. The process of discovery John Grope was a firm believer in the process of discovery. Though not a technical man himself, he appreciated the nuances of technology well – at least to the extent which affected his business. He also believed that automating processes can considerably reduce manpower requirements and lead to savings. Automating online server administration John could easily grasp the advantage of cloud technology as far as automating online server administration was concerned. Obviously, there are different ways in which cloud service providers present their management ...

This competition is an initiative of the CBN as part of its corporate social responsibility and in consonance with the principle of the National Economic Empowerment and Development Strategy (NEEDS). It is designed to unleash the entrepreneurial spirit of the youth corps members during their service year and to encourage them to imbibe entrepreneurial concepts and ideas. The Annual Venture Prize Competition is majorly aimed at reducing the dependence on white collar jobs which would stimulate economic growth, development of local technology and generation of employment. It is open to only serving corps members in every batch of a given year. The Award is in two categories (State/National) and it covers all legal business concepts except commerce. Interested corpers are expected to submit a business proposal to the state level for critical examination by the state Inter-Agency Selection Committee where three winners usually emerge. The prize money for the state awards is; – 1st Pri...

When launching a new small business, often the entrepreneur will consider venture capital as a source of funding. Here are 3 tips to ensure that venture capital funding can be secured when sending out your business plan: Send your business plan to the right people Venture capitalists tend to specialize in certain kinds of businesses. Some will specialize by industry, only investing in new energy companies, for instance, while others look for a certain size of company to invest in. It is worth doing the research to determine who the venture capital backers are for your industry, before you start sending out your business plan. Venture capitalists who are not specific to your industry can provide recommendations to make your plan more appealing to other venture capitalists. However, it would naturally be a mistake to send your plan to potential investors who will not even consider it. Make sure your business has the potential to be profitable enough Most venture capitalists look for ...