mikeinyang-blog

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How to Write a Competency-Based CV

One very easy way to get your dream job is having a well written Skills-based CV; a kind of CV also referred to as a Competency-based CV or resume. As business consultants, Human Resources recruiters, trainers and employers for many organizations, we have discovered that many skilled candidates do not know how to write captivating CVs and some do not know how to make their CVs appealing to…

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How to Get A Job and Keep It!

How to Get A Job and Keep It!

Getting your dream job is easy if you know how to go about it. Sadly, many job seekers do not know how to get the kinds of jobs they desire and many others settle for the usual “there are no jobs nowadays” byline that we hear every-day and everywhere! Truth is, there are thousands of jobs out there, the problem is how to locate and actually get those jobs!

As consultants involved in recruiting,…

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POS Transactions: 10 Top Reasons Why Merchants Lose Lots of Money

POS Transactions: 10 Top Reasons Why Merchants Lose Lots of Money

POS Device

It’s Tuesday, September 18, 2018. Time is 2pm in the afternoon. A client walks into a retail shop to buy merchandise. Purchase is concluded and it’s time to pay. Client brings out her ATM Card and motions for the POS device. Cashier hands over the POS device to the customer after inserting the ATM card into POS device along with the transaction amount. After few minutes, transaction…

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Failed POS Transactions: How to Avoid Losing Your Hard Earned Money to Banks(Merchant’s Perspectives)

A Shopping Mall in Southern Nigeria

Merchants (sellers, service providers, mall owners or retail traders etc) lose lots of money when using POS devices/systems to take payments for goods sold or services rendered. Some reasons why such losses occur include genuine, but time-bad and false chargeback claims, ineffective processes in controlling,reconciling and review of POS transactions on a daily…

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POS/ATM Transactions: Is Your Bank Stealing Your Money?

POS/ATM Transactions: Is Your Bank Stealing Your Money?

    Reagan Supermarket & Wines-Uyo

    Its Friday, 20th July 2018. 11a.m precisely. The July rains are slowly drizzling outside the premises of the branch of a highly capitalized Nigerian commercial bank, Mrs Onome Arikpo (not real names) walks into the banking hall and heads straight to the customer services personnel, “Please am here again for my POS matter, you asked me to come back today for…

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Are POS Transactions the Greatest Threat to Finances of Retail Businesses?

Are POS Transactions the Greatest Threat to Finances of Retail Businesses?

The quick answer to this question is a resounding Yes and No! Yes, if you belong to the retail business sector that grapple daily, with the nightmares of transaction failures and unending chargebacks by banks; and No, if you belong to the banking sector or other E-payment organizations involved in the POS management chain. However, our research and experience show that POS transactions could hurt…

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Why Do Retail Businesses Fail So Fast...Part 2

Why Do Retail Businesses Fail So Fast…Part 2

Reagan Home & Kitchen-Uyo, Akwa Ibom State

Business Killer No 6: Inadequate Capital and wrong Application of the Available Capital As a retail business, you will hold inventory, either in your warehouse or shelves and inventory ties down money. Even if you want to stock “lean”, by holding minimal levels of inventory, your capital will still be tied down. Also, you will need assets e.g. computers…

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Why Do Retail Businesses Fail So Fast?

Why Do Retail Businesses Fail So Fast?

Reagan Home & Kitchen-Uyo

If you want your business to succeed, you’ve got to be deliberate in your strategy. You mus know and accept that businesses do not just succeed, they are made to succeed! Money is important towards business success, but money is not the main reason why businesses succeed or fail; many other factors discussed in this post, are. As experienced Business Consultants who have…

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Causes of Retail Businesses Fail: The Critical Failure Factors (CFFs)…Cont’d

Causes of Retail Businesses Fail: The Critical Failure Factors (CFFs)…Cont’d

Reagan Home & Kitchen-Uyo, Akwa Ibom State

Apart from founder or management dysfunction and the many other facto

Reagan Home & Kitchen-Uyo, Akwa Ibom State

rs kill retail businesses previously discussed, (see our previous posts here), technology, cash flow and treasury management dysfunction, failure to take care of your personal health and safety, poor inventory management practices,…

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Causes of Retail Business Failure:The Critical Failure Factors (CFFs)…Cont’d

Causes of Retail Business Failure:The Critical Failure Factors (CFFs)…Cont’d

A Shopping Centre

Building your strong retail brand is easy(if you know what to do or hire someone or organization who knows) but getting it to fail is even easier! No one establishes a business and deliberately runs it underground; however failure to adopt sound business success practices from experienced expertscan very easily send your retail business downhill. As you are reading this, you…

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Strong Reasons Why Retail Businesses Fail: The Critical Failure Factors (CFFs)...Cont'd

Strong Reasons Why Retail Businesses Fail: The Critical Failure Factors (CFFs)…Cont’d

   Reagan Home & Kitchen,Uyo- Akwa Ibom State

“Success in business is 90% perspiration and 10% inspiration”(Thomas Edison,1847-1931). Jack Dorsey,founder of Twitter and Square, twitted in 2013 to his followers and said ” Success is never accidental”, See “Zero to One“, by Peter Thiel. Inspiration is lifting but perspiration completes the equation. If you are going to succeed in retail, you must…

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Why Retail Businesses Fail: The Critical Failure Factors (CFFs)!!

Why Retail Businesses Fail: The Critical Failure Factors (CFFs)!!

Reasons Why Retail Businesses Fail: The Critical Failure Factors (CFFs)

Reagan Supermaket-Uyo,Akwa Ibom State

Many retail businesses start off well but along the way, something goes wrong and they fail. As you are reading this, you probably know a few businesses who started so well as just fizzled out ! Well, this isn’t strange at all. Many businesses fail across different industries and sectors…