Tag: enterpreneurship
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How to Develop a Successful Business Model Using the Business Model Canvas (BMC).
A business model is how you create, develop and deliver value to your customers. It is a clear roadmap to value proposition and delivery to customers. One of the tools to develop and create a business model is called the business model canvas (BMC). It was created by Alexander Osterwalder. We have mastered the art…
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Different Classes of Trademark in Nigeria
Oftentimes, we get asked, “what is Trademark and is it necessary in Nigeria.” How do I know the class to register my trademark? Trademark simply means protecting your brand against theft. It is difficult to build a brand in Nigeria; it demands years of hard work, consistency, commitment and money. In other words, it costs…
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Common Mistakes Entrepreneurs Make with IP Protection
Many entrepreneurs focus on building their products and growing their customer base but overlook one critical area: intellectual property protection. Unfortunately, small mistakes can leave your brand vulnerable to copycats, lost revenue, and costly legal battles. By being aware of these pitfalls, you can safeguard your business from avoidable risks. Mistake Why is it risky?…
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Penalties for Late or Missed Annual Returns
Failing to meet CAC annual returns deadlines attracts penalties that increase the longer you delay. Many business owners underestimate the severe and escalating consequences of missing the filing deadline. Beyond the financial cost, non-compliance damages credibility; consequently, it can lead to your business being struck off the Corporate Affairs Commission register. CAC Annual Returns Penalties…