One of the simple business that anyone in Nigeria can launch right now is a point-of-sale (POS) business. Despite the fact that it is simple to launch, it remains one of the most lucrative small enterprises that anyone with a limited amount of capital may own.

The term “point of sale” is abbreviated as “POS.” A point-of-sale (POS) outlet is a location where anyone can withdraw or deposit money, as well as perform other financial transactions. One could consider it a local bank or credit union. The key distinction is that POS cashiers will add a commission fee to each and every transaction that their customers conduct with them.

You will need to gather money for your business, purchase a point-of-sale equipment, and find a suitable site before you can launch a profitable point-of-sale firm. The success of your business will be heavily dependent on the location that you choose for the establishment of your business. It’s possible that certain places aren’t as progressive as others. If you position your point-of-sale (POS) business in an area with a high population density, you will conduct more business than if your establishment were situated in an area with a low population density.

If you locate your point of sale (POS) outlet in an area that is predominantly occupied by wealthy people, such as a government reserved area (GRA), it is possible that your company will not perform as well as one that is located in an area where people with lower incomes live. While those with more financial security are more likely to pay using credit or debit cards, those with less money typically stick to cash transactions. Because of this, they are forced to conduct all transactions using actual currency.

How to Obtain a Point of Sale Machine

In contrast to the past, when the major banks would require you to begin conducting business with your phone before they would consider providing you with a POS machine, acquiring one of these machines is today a fairly simple process. These days, all you need is enough funds and a location to make an application for a machine, and you’ll have it the very next day. Things move much more quickly now than they did in the past.

Obtaining a point-of-sale system from a firm such as moniepoint is not only very simple and quick, but also ranks among the very best in terms of customer care. You can submit an application on their website in order to receive a moniepoint pos machine.

Please visit Moniepoint.com or get in touch with an aggregator. However, as a newcomer, I find it hard to imagine that you are familiar with the term “aggregator.” An aggregator is only a business relationship manager who acts as a representative of moniepoint microfinance bank. The aggregator’s primary responsibility is to provide prospective agents with Moniepoint POS terminals.

Since I work as an agent for MoniePoint, I have access to first-hand information regarding how to get a MoniePoint computer in the shortest amount of time possible. I think that other businesses are doing well, but if I’m being completely honest with you, the market share for agency banking in Nigeria has been completely monopolized by moniepoint.

If you are interested in becoming a member of moniepoint, fill out the application that can be found on their website. Once they receive your information, they will pair you up with an aggregator in your area who will provide you with a POS machine. The cost of purchasing a POS machine is twenty-five thousand baht. You will not become the sole owner of the device just because you have made the payment. If you are given a machine and you decide to get rid of it, it is quite likely that the machine will be brought back to where it was allocated to you. Once you have the gadget in your possession, you are expected to immediately begin conducting business with it.

Another thing you need to know about MoniePoint is that if you want to be an agent for them, you will have a daily goal that you need to strive to reach. You are required to make a withdrawal of 100,000 NAIRA per day.

Wait! You should not let the aim discourage you since when I first looked at it, I thought it would be very difficult to achieve. But on the first day that I started formally, which is the day that I pulled out my umbrella, I made N86,000 just from withdrawals, and on the second day, I achieved N250,000 just from withdrawals.

 

On the third day, I wasn’t thinking about my goal again; rather, my focus was on conducting additional transactions in order to increase my earnings. Customers will welcome you with open arms once you have made up your mind to start a POS firm, provided that you begin work promptly, arrive on time, and are honest.

Funding for the Point of Sale Business

Any sum of money is sufficient to launch a point-of-sale firm, but further capital is required to facilitate more transactions. To keep the business going after you have purchased an umbrella or kiosks and a point-of-sale system, you will require between 100,000 and 500,000 Naira.

Because a single client can walk in and complete all of the necessary transactions in a single visit, I do not recommend that people start POS businesses with a capital investment of fifty thousand dollars.

But in any case, you should begin with whatever sum you currently possess, and as soon as it runs out, you should hurry to the bank to get your money out. Your financial resources improve together with your time invested.Download Full Material-N5000

It may seem as though the finish of your graduate degree program is a long way off when you initially start out on your journey. It does, however, arrive considerably more rapidly than you had originally imagined. You hand in your thesis, which required a significant amount of time and effort, and as a final step before getting your degree, you must successfully defend your thesis in front of a panel of peers. In this section, you will find some tips on how to prepare for your thesis defense presentation.

There are six suggestions to help you prepare for your thesis defense

• Anticipate and prepare for questions that may arise.

Even though we’ve discussed it before, you can actually prepare for the vast majority of the questions you’ll be asked. Read through your thesis, and while you’re doing so, make a list of possible questions to follow up on your findings. Additionally, now that you know who will be on the committee, you should consider the academic knowledge of the members of the committee. What are the most likely areas in which they would concentrate their efforts? Try to sit in on prior thesis defenses with these committee members if at all feasible to get a sense of how they ask questions and what they are asking. As a graduate student, you should be skilled at predicting test questions; take advantage of this skill to gather as much information as possible before to your thesis defense meeting and present it to your committee.

• Put on your best clothes for success.

It is customary for the entire department or institution to attend your thesis defense, which is a formal affair. The completion of this procedure is a significant rite of passage for graduate students and teachers who have supported them throughout a lengthy and difficult process Even though most institutions don’t have explicit regulations about how to dress for that occasion, they do treat it with dignity and respect nonetheless. Remember that you should dress appropriately for a job interview or to present a paper at an academic conference. This one may seem obvious, but it is important to remember.

• Appoint a delegate

It may be beneficial to you to entrust someone with the lesser but equally significant obligations of your thesis defense far ahead of time in order to reduce your stress before your thesis defense begins. On the day of the defense, this trustworthy individual might be in charge of setting up equipment for the presentation, or preparing and distributing presentation handouts, among other responsibilities.

• Have a contingency plan in place.

Technology has the ability to surprise you. Life is like that as well. There are no assurances that your Powerpoint presentation will operate properly or that it will seem the way you expect it to on the large-screen display. We’ve all been in that situation. Make sure you have a contingency plan in place for these types of scenarios. Handouts can be useful when technology fails, and an extra new shirt for a spilled cup of coffee can make all the difference.

• When you don’t know what to do, here are some suggestions:

It is possible to be given a question that you are unable to answer, which is one of the most terrifying aspects of the defense. Despite the fact that you can anticipate some questions, you can never know what the committee will ask until it is asked. There will always be areas of your knowledge where you are lacking. Your thesis defense, on the other hand, is not about being flawless and knowing everything; rather, it is about how you react with difficult situations. You are not expected to be an expert in every field.

According to James Hayton’s blog, examiners will sometimes pose questions to which they do not know the answer out of curiosity or because they want to observe how you think about things. Even while it is perfectly OK to just answer “I don’t know,” he suggests trying something like “I don’t know, but I would suppose […] because of x and y, but you would need to do […] in order to find out.” This demonstrates your capacity to think critically and analytically as an academic.

• Sixth, how to deal with your nerves

You will feel apprehensive. However, the good news is that your examiners will anticipate that you will be nervous. Anxiety is entirely normal and should not be avoided. Being well prepared can help to reduce your stress levels, but keep in mind that your examiners have seen this many times before and are eager to assist you in any way they can, such as by repeating questions if necessary.

One of the most prevalent signs of being nervous is speaking very quickly and having nervous laughter. Try to calm down and take a few deep breaths to relax. Remember that what appears to be hours to you is actually only a few seconds in real life. Allow yourself to think about the question, respond to it, and then stop talking once you have finished responding to the question. While a grin may frequently assist to diffuse a stressful situation, it is important to note that nervous laughter can be irritating to your audience.

There will almost certainly be blunders at your thesis defense, as we all make mistakes in our lives. You are not expected to be flawless, and the examiners have a wealth of knowledge and experience in this area, and they will assist you through it. It’s also important to realize that your thesis defense is often merely a formality, and the committee is truly hoping that you pass. You should read this blog article by Dora Farkas at finishyourthesis.com if you are still feeling apprehensive about your thesis defense. The author debunks five prevalent misunderstandings surrounding thesis defenses and helps you understand that the committee is not trying to cause you to fail.Download Full Material-N5000

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1. SIMULATION OF CORONAVIRUS CONTACT TRACING SYSTEM
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