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BWH Pitch Deck Programme

BWH Pitch programme

2023 BWH Pitch Deck Programme

The Business Women Hub is excited to announce a new funding opportunity for women-owned businesses in Africa.

Are you a woman entrepreneur in Africa looking to take your business to the next level? Then the opportunity to help you grow your business for success is here! Apply for The Business Women Hub Pitch Deck Programme to access funding and mentorship opportunity.

Kindly click the link below to register for The BWH PITCH DECK PROGRAMME 

Register Here.

Closing Date – Friday May 19th, 2023

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PROACTIVE MEASURES DURING CRISIS FOR SMALL BUSINESSES

Proactive strategies for small business.

Hey ladies, welcome to a new week to conquer. With all the recent happenings in Nigeria, for small business owners who have employees, as well as those who do not have, we generally may be reluctant to return to work this week after the entire mayhem for several reasons. One, of course, is fear of a mishap or a security threat.

We have thus put together some points that can help business owners and employees navigate this period.

Do read through.

  • Educate your staff and the people around you
  • Identify hazards and ways to mitigate them
  • communicate your plan
  • implement and monitor your plan
  • implement safety protocols

Was this article helpful? Tell us at the comment section

Remember you can reach out to us if you have any questions or require any support.

Keep winning!!!

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CREATING YOUR UNIQUE SELLING POINT

Unique selling point

WHAT IS YOUR UNIQUE SELLING POINT?

A unique selling proposition (USP), or a unique selling position, is a statement that clearly/effectively outlines how your business, product, or service is different from that of your competition. It identifies what makes your business the better choice, and why your target clients should choose you over your competitor.

Your USP can be an effective tool that helps you focus your marketing goals and verifies that every piece of marketing collateral you create successfully sets you apart from the competition. Your USP can also be an important part of your branding that makes your business memorable.

Have you identified your unique selling position? Read on as we address & redefine our sales processes using effective unique selling points.

Writing your USP

Let us run through more insights on identifying and telling the USP of your business.

The first step of writing a USP requires that you take a step back and review some of the basics included in your mission statement ,business plan, market analysis, and overall business goals. (Are you yet to have these, we can run through them for you.)

Start by answering some preliminary questions that recap what your business is selling, who you’re selling it to, and why you’re selling it.

For example, a company that sells boxes used for moving large deliveries may compile and answer questions like this:

What products or services are you selling?
Boxes and moving supplies.

Who is your target audience?
Local homeowners who are moving and don’t have a lot of time to look for used boxes in order to pack.

What does your business do well?
We provide quick, responsive service while making the purchasing process easy for our customers.

What is your most important customer-focused business goal?
Helping our customers get the moving supplies they need quickly, easily, and affordably.

For the business in example above, it will be easy to create a Unique selling proposition beginning from the above.

Your USP should solve a problem

After reviewing your mission statement, the next step is to identify your target audience’s problem and explain how your product or service solves that problem.

The company from of our example of above that sells moving boxes may identify the potential customer’s problem as not being able to easily locate the proper containers when they are packing their belongings and preparing to move.

Identifying the needs of your audience will definitely make it easier to sell to them.

Identify the differentiators

The third step focuses on identifying what it is about your solution to your customer’s problem that is different, or better than the solution your competition offers. The value you identify here will be one of the primary reasons why your customers will choose you instead of a competitor.

The potential differentiators of our moving supply company may be that they offer stronger boxes, less expensive boxes, complete packing solutions, same-day delivery, or exceptional customer service.

Identifying and sticking to the differentiator between your business and that of the competition will always make it easy to sell to your customers.

Make a promise

The last step of creating your Unique Selling Proposition combines the most important elements of the previous steps into a concise statement that embodies the value your company has to offer. Keep in mind that your USP essentially implies a promise or a pledge you are making to your customers.

The moving supply company, which we have been using as an example, may create a USP that says simply, “Sturdy Boxes in 24 Hours,” aimed toward their overwhelmed customers who are getting ready to move and quickly need boxes that won’t collapse.

Once you have a working USP, it’s always a good idea to sleep on it, run it by others in your company, or even create a focus group or a test run with a few customers to measure the impact it has. It may take several tries, but once you hit the perfect USP, it can be an integral element of your marketing toolbox.

Remember you can always reach out to us with all your concerns or support that you may need.

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HOW TO ENSURE YOU GET PAID WHEN A CUSTOMER MISSES PAYMENT

Hi ladies, we love to see your business bloom & so we will share some more tips on how to handle debt collection for your small business.

In this post, we will focus on ways to ensure this money hits our account. Yes ladies, how do you ensure you get paid
after delivering that service? This is actually very important for service providers , where the client says I will give you 50% now or you get paid after you have set up the decor (for event planners & decorators).

Hate collecting your money? Join the club. 

Recent studies shows accounts receivables is the top cash flow concern of small business owners. To ensure that we get paid, we will share some debt collection tips and best practices that you can adopt for your business.

First on the list is:

1. Take a Positive Stance.

Don’t take it personally if your customers aren’t paying their bills on time (remember not to lose your customer service tact ,even when this can seem very difficult to do). Look into why the bill is late. It could be your client simply forgot (always give
the benefit of the doubt, this way you remain positive). 

To help avoid these types of missed payments, provide a gentle reminder immediately following the invoice due date.

2. Empower the right person

As a small business owner, the temptation is great to have the salespeople handle their own accounts receivables, but it’s much better to assign one person to the task of debt collection. Designate your debt collection lead and provide proper support, training, and incentive to do the job right. Also endeavor to have the sales person handling debt collection send invoice emails for your business through a specified email address… E.g account@aytfarms.ng or aytfarmsaccount@gmail.com.
This way, you can actually process all invoices separately

3. Use multiple channels

Email correspondence can easily become buried in an overstuffed inbox. Use additional means of reaching out to your customers who have missed a payment. Picking up the phone is a great first step, whereas a certified letter may be used after weeks of no response.

4.  Sample debt reminder/collection letter

Collection starts when you send the invoice, which should have a due date for payment. When that date passes, it’s time to start thinking about following up with a collection letter. Don’t wait too long. It’s better to send a reminder notice sooner rather than later. Remember, this is money owed to you. The longer you put off collecting it, the more strain it can put on your business.


If you’re not sure what to write, you can use the sample below. Remember these letters are to be short, precise and end with a thank you.

January 8, 2020

Linked Group
123 Lekki Road
Anywhere, Nigeria

Account# or Invoice #:123
Balance due or Past Due Balance:
100,000 Naira

Dear Kola,

This is a reminder that your account balance of One hundred thousand Naira was overdue as of November 28, 2010.

Please pay this amount today, I have enclosed a stamped payment envelope for your convenience.

Thank you for your payment.

Sincerely,

Shade Smith
Linked Group

We remain your support community.

Wishing us a great weekend. Please endeavor to empower a girl child, knowing that when you do so, you build a nation.

Remember you can reach out if you have any questions.

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USING THE SCOPE OF RELATIONSHIP BUILDING TO GROW YOUR BUSINESS

Hello ladies, trust we are keeping well?

It’s a new week and we need to do things differently & take new steps to achieve those mile stones in our businesses.

In general, there is a lot being said about using the core marketing channels- advertising, social media etc to grow our businesses. However let’s consider Relationship Building in Growing Your Business.

Most marketing is about creating awareness of your business. But once you have people’s attention, you need to gain trust and rapport, whether that’s through email, social media or face-face marketing.

Below are some major steps in using relationship building as a tool for your business growth.

1. focus on building relationship not making sale,

2. send out a customer satisfaction of sales made: always ask for feedback from anyone who buys from you or  uses your service.

3. Ask for referral, always make a referral.

4. Cross promote your product and services with other local businesses, using the business women hub platform.

5. Join the professional organization of your business sector

6. plan your next promotion/gift for your best customers

7. Consider partnership/joint ventures. If you sell hair/skin care products, liaise with a makeup artist

8. Become a mentor – share your business story, talk about your business. This helps you make deliberate decisions about your business.


Do you have further questions or would like to share your thoughts/concerns, do reach out to us.

Kindly tag a friend who should see this.

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THE BEST SOLUTIONS FOR YOUR INVOICE TROUBLES

Hey ladies, welcome to a new week to create that positive result for your business. It is always a pleasure to bring you valued information that would your business get to the next level. Happy reading!

Today, we be will sharing some invoicing tools you can use for your business or sales generally.

Whether you’re a full-time freelancer or small business owner, chances are, invoicing is a huge part of your business operations. 

It is also likely that sending out invoices, managing payments and following up with late payments are one of your least favorite parts of the job.

But when you’re in business for yourself, you know that time equals money, so don’t waste time manually invoicing your clients or dealing with clunky, outdated invoicing software.  So how do you deal? Not to worry, we have outlined a few invoicing software that will greatly improve your operations. These software range from those that automate following up with clients (yes, really) to those best for small businesses, to those best for a one-person operation, because getting paid is the key to keeping your business in good books. 

See our best invoicing software below – 

1. Freshbooks

2. Xero

3. Square

4. Billy

5. Inquit Quick Books

6. Hiveage

7. Invoicely

Have you used any of these applications before? Tell us your experience and tag someone you know might need this information. Remember you can reach out to us for any questions you may have.

We would like to hear from you so, send us a mail on hello@businesswomenhub.com.ng 

Call or send a Whatsapp chat on +2349084441671 

Have a fantastic week and keep winning.

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How to communicate with customers during crisis

Hey ladies, it’s been a tough couple of days for our country. Aside from its effect on individuals , it has highly affected business owners at large.

It is thus very important that businesses have a crisis communication plan in place for their customers. This goes beyond minor adjustments to marketing messages. The plan must extend to customer service teams, your website, social channels, customer-facing staff, and more.

While we often can’t control the societal crisis at hand, we can control our response to it.

Here are 5 tips you can adopt in formulating a plan that communicates the crisis as well as your business to your customers.

  1. Show that you care
  2. Be proactive in your communications
  3. Offer a shoulder to lean on
  4. Inspire your audience
  5. Audit your content queue

Our hearts are with all of us in this times and hope that a better Nigeria is birthed.

Stay safe.

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How To Get Customers On Your Side.

Hello ladies, it is good to have you here again. We really hope you have been implementing what we have been sharing here because we have something more exciting to share with you today. 

It is not rocket science why some customers never seem to look out for other vendors. They always stick with one. Well it must be that the vendor is doing something right and one of those things is that she knows hoe to respond perfectly to client's requests.

As a vendor, customers need to know you are on their side when they contact you for your services. 
Putting yourself in their shoes, will you buy from someone who does not at least try to consider you , your style and what you want? 

A lot of times, sellers try to push customers to do things their way, not the way the customer wants it. 
In this post, we have listed ways a seller can prove they are on the customers side to show their enthusiasm and commitment to helping customers through a buying process., According to the experts at Communication Briefings,these are ways you can respond to your customers.

1) Say 'I will find out' instead of 'I don't know'
2) Give a more definite response that gives a lot of creativity. More like 'i sure can' instead of 'i can'.
3) Say 'that's exactly what we need' instead of 'that'll work'
4) Say 'here's what I would do' instead of 'I can't' 

Do tell us what you think. Would you be trying any of these?

Kindly tag someone who you think should see this post.

We remain your number one #businesssupport community. 

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Content Tips You Can Use For Your Small Business.

Hey ladies, Happy independence day to you once again. We hope you enjoyed the holiday. We just thought to share with you something new to help your business.

Today, we would be discussing more of content ideas and we would be listing some tips for content creation for your business.
Anyone can create irrelevant content. Creating content that has been published, republished, reworked, and repurposed a million times is easy and not very good for your brand – with copyright laws & the risk of it not been the right one for your brand.
But creating valuable, relevant, quality content is hard. It takes time, effort, energy, resources, and knowledge. Most of this is wrapped up in the owners who are also tasked with running the business, serving the clients, and managing the marketing and sales.

Also, in all honesty, just the thought of content creation can make many business owners cringe in horror.
Writing and content creation, especially if you’re out of practice, is not fun. Then when you add on the pressure of making it something your audience will drool over and engage with can be incredibly intimidating.
Studies have shown that :
•Website conversion rate is nearly 6x higher for content marketing adopters than non-adopters.•73% of B2B content marketers are producing more content than they did one year ago.•95% of B2B enterprise marketers use content marketing.•86% of B2C marketers use content marketing.•60% of marketers create at least one piece of content each week.
Your audience and prospects are using social media, they click links, read blogs, watch videos, listen to podcasts, subscribe to newsletters—and they share the high-quality, high-value content with their friends.
Consumers buy when they’re ready to buy, not when you’re ready for them to buy.
If you’re not there, top of mind  when your prospects are ready to buy through content creation, know that your competitors will be.

So now, what are these tips that could help with content creation?

  1. Customer education about your products and services ie its unique selling point.
  2. Client onboarding- welcome email, general information of your industry or new development in your business.
  3. Tips on your production process.
  4. Tips on how customers can get the best of your products or how to use them
  5. You can get materials from google, books, newspapers etc
  6. You can simply outsource because bulk of your sales lies on this.
    Hope you have learnt something today? Remember you can always contact us if there is any assistance you may need. Keep winning!
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Easy Advertising Channels For Small Businesses.

Hello ladies, good to be back again this week. Hope you had an amazing weekend?

Today we would be discussing briefly the easy advertising channels that small businesses can leverage on.

Advertising and marketing are often confused, but in fact, they are two different things. Marketing involves all aspects relating to getting your product or service to a market. 
Advertising is a part of marketing that involves getting your message about your product or service to the market.
We have listed 8 steps we believe will get the message about your product to the market, with little or no cost. 

  1. Advertise on Facebook.
  2. Join a network that supports advertising.
  3. Use branded stickers to advertise on your car. You can also hand them out to friends to do likewise.
  4. Advertise on Instagram.
  5. Create a Facebook page.
  6. Create a LinkedIn profile, connect with people who need your service and post about your business.
  7. Start a business blog.
  8. Buy AD space on relevant website- it could be as simple as listing your business on an ecommerce platform.
    What do you think? Remember that you can always reach out to us for more suggestions or enquiries on how to actualize the listed steps, as we are all out to help you build that empire. 
    In the mean time , keep winning sis.