Become an Inverter agent, reseller or Consultant. THIS IS HOW (Part 2) by Don Abiodun Odedeyi

let's continue to make business borderless irrespective of location or status. 

Read profit making inverter business previous edition by clicking here

2. Battery

You don’t just buy an inverter, you also need to buy an inverter battery as that is where the power inverter derives its energy.

The best battery for your inverter is the SMF deep cycle inverter battery. SMF stands for Sealed, Maintenance Free. Though you can use the normal car battery, but they emit poisonous fumes which could have long term impact on your health. 

This means an SMF battery can be installed indoors making them very convenient.

An inverter is usually rated in this pattern X VA/Y V, where X is the rated power output and Y is the input voltage required.

For example an 800 VA/12 V inverter will give output power of up to 800 VA and require an input voltage of 12V. 

Similarly, a 1.5 KVA/24V inverter will output 1.5 KVA (1500 VA) and require 24V input.

Since batteries usually come in 12 volts voltage, the 800 VA/12 V will require a minimum of one 12V batteries, while the 1.5KVA/24V inverter will require a minimum of two 12V batteries connected in series.

In the same vein, a 3.5KVA/48V inverter will need a minimum of four 12V batteries.

When you buy an inverter, make sure you know the minimum number of battery required.

Battery capacity

Become an Inverter agent, reseller or Consultant. THIS IS HOW by Don Abiodun Odedeyi

Business is border-less and one way of making money is by solving people's problems.
The issue of power outage is a problem many Nigerians are seeking solution for. If the option of inverter can be sell successfully, many will be back in business, many business will be happy referring your company to their friends.

The first question to ask your client is "do you actually need an inverter"

The ideal person to buy a power inverter is someone or company who has at least 12 hours of power supply per day or has a power generator, but wants a noise free alternative. (note: the generator also charges the inverter battery while it is on)

Ineffective Sales Leaders Can Cause Lasting Damage

Success in a sales force requires having strong talent up and down the organization. 

A weak salesperson will weaken a sales territory, a bad sales manager will damage their team and dampen results in their region, and a poor sales leader will eventually ruin the entire sales force. For even the most seasoned among us, it can be difficult to recognize the signs of a poor sales leader and the possible damage the person can do — especially when they appear to do some good early on.

Consider these examples.

An education technology startup hired a sales leader who came from a large, well-respected firm.

He had extensive market knowledge and a stellar track record. Although good at scaling and operating a sales organization, the leader was unable to succeed in a rapidly changing environment that needed experimentation and nimbleness.

The mismatch between the startup's need and the leader's capabilities set progress back at least a year.

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CBN unveils guideline for non- interest microfinance banking

In a move to encourage the development of the microfinance subsector of the non-interest finance sector and to deepen financial inclusion, the Central Bank of Nigeria (CBN) has released the draft guidelines for the regulation and supervision of Non-Interest (Islamic) Microfinance Banks (NIMFBs) in Nigeria for inputs/comments.

In the document posted on its website, the apex bank placed the NIMFBs into three categories, namely, unit, state and national.

REGISTER FOR MARKET ACCESS LAGOS & ABUJA, HOSTED BY EDC.

The event is a platform that brings together Small and Growing Businesses (SGBs) and large companies to network, start relationships and create opportunities to "BUY" the goods and services of the SGBs. The networking event bridges the gap and helps facilitate market access to Small and Growing Businesses thereby promoting SME growth in Nigeria.

The 2015 Market Access kicked off in Port Harcourt on the 30th of April 2015 with the theme-

"Enhancing SME growth through Access to Market."

Join the train now as it moves to Abuja and Lagos respectively.

Abuja

Date: Thursday, 15th of October 2015

Time: 9.30am – 1pm

Venue: Barcelona Hotel, 20 Blantyre Crescent, Wuse 2, Abuja.

Lagos

Date: Thursday, 5th of November , 2015

Time: 9.30am – 1pm

Venue: Havilah House of Events, 6 Chief Yesufu Abiodun Oniru Street, Oniru Estate, VI

"Market Access Nigeria was launched in May 2012 by the former Hon Minister of Industry, Trade and Investment, Dr Olusegun Aganga. The Enterprise Development Centre of the Pan-Atlantic University and the Emerging Markets Telecommunication Service Limited (ETISALAT) in collaboration with Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) organizes the event".

Participation is free but subject to early confirmation.

To register, kindly send the following details to marketaccess@pau.edu.ng or call 08174583175

Full Name, Company name, Product/Service , email address and Phone number.

Abuja- Registration closes 10th of October 2015

Lagos – Registration closes 31st of October 2015

POWER-UP YOUR BUSINESS WITH HIRE PURCHASE OPTION by Don Abiodun Odedeyi

Hire purchase (HP) is a type of asset finance that allows firms or individuals to possess and control an asset during an agreed term, while paying rent or installments covering depreciation of the asset, and interest to cover capital cost.

Assets are defined as anything of monetary value that is owned by a firm or an individual.

HP is a financing solution suitable for businesses wishing to purchase assets without paying the full value immediately. The customer pays an initial deposit, with the remainder of the balance and interest paid over a period of time. On completion, ownership of the asset transfers to the customer.

The use of HP or leasing is particularly common in industries where expensive machinery is required, such as construction, manufacturing, plant hire, printing, road freight, transport, engineering and professional services but can be used in Nigeria to alleviate, extensively, the challenges faced by small and medium scale businesses.