Business
10 Essential Business Tips for Success in 2024

In today’s fast-paced world, the business landscape is constantly changing. Whether you’re running a small business, launching a startup, or trying to grow your established company, staying ahead can feel overwhelming.
But don’t worry—there are a few timeless principles that can guide you to success. Here are 10 business tips that will help anyone, regardless of experience level, navigate the challenges of 2024 and beyond.
1. Embrace Technology and Automation
Technology isn’t just a buzzword—it’s a game changer. In 2024, businesses that use the right technology and automation tools will have a clear advantage. From automating customer support with chatbots to using AI for better decision-making, the possibilities are endless. Automating repetitive tasks not only saves time but also reduces the margin for error.
Pro Tip: Start small by automating your most time-consuming tasks. Tools like project management software, email marketing automation, and social media schedulers can make a big difference.
2. Know Your Customers Inside and Out
In order to succeed, you need to really understand your customers—what they want, what frustrates them, and how your product or service fits into their lives. Regular feedback, surveys, and staying on top of trends are key to meeting their ever-changing needs.
Pro Tip: Create customer personas to better understand who you’re marketing to. Keep an open line of communication with your audience so you can continually adjust your approach.
3. Build a Strong Online Presence
In 2024, having a robust online presence is a must. Social media, a well-designed website, and effective email marketing can help you connect with your audience, build trust, and expand your brand’s reach. The digital world offers countless opportunities—don’t miss out!
Pro Tip: Make sure your branding is consistent across all platforms. And remember, engagement matters. Respond to comments, share valuable content, and be present online.
4. Never Underestimate Networking
In business, who you know can be just as important as what you know. Networking can open doors to new clients, partnerships, and collaborations. Whether it’s through online platforms like LinkedIn or in-person events, building relationships with others in your industry is a crucial part of growing your business.
Pro Tip: Focus on building genuine relationships, not just collecting business cards. Take the time to understand people’s needs and offer value before asking for anything in return.
5. Get a Handle on Your Finances
A solid grasp of your business’s financial health is essential. Keep track of cash flow, maintain a budget, and regularly review financial reports. If you’re not confident in your accounting skills, it’s worth hiring a professional to help you manage your finances effectively.
Pro Tip: Use accounting software to streamline your financial processes. You’ll have more time to focus on growing your business if your books are in order.
6. Be Ready to Adapt
The only constant in business is change. Whether it’s new technology, shifting consumer preferences, or unexpected market events, being adaptable is crucial for survival. Being open to change and ready to pivot when necessary can make all the difference in keeping your business relevant.
Pro Tip: Stay informed about industry trends. Always be willing to adjust your business model to meet changing demands or to take advantage of new opportunities.
7. Invest in Your Team
Your employees are your biggest asset. Investing in their growth not only helps them succeed but also benefits your business in the long run. Provide training, mentorship, and opportunities for advancement. A motivated and well-equipped team can help take your business to new heights.
Pro Tip: Cultivate a positive workplace culture where learning and growth are encouraged. When your team thrives, your business will thrive.
8. Maintain a Clear Brand Identity
Your brand is your business’s personality—it’s how customers perceive you. A clear and consistent brand identity builds trust and loyalty. From your logo and website to the tone of your messaging, everything should align to tell a cohesive story.
Pro Tip: Be consistent with your branding across all platforms. Customers should be able to recognize your brand instantly, whether they’re visiting your website or seeing your posts on social media.
9. Prioritize Customer Satisfaction
Happy customers are the best marketing tool you can have. Providing excellent customer service and going the extra mile to meet their needs can turn first-time buyers into repeat customers and brand advocates. Always listen to your customers and act on their feedback.
Pro Tip: Implement customer satisfaction surveys and pay close attention to reviews. Address concerns quickly to maintain positive relationships with your audience.
10. Keep Learning and Growing
The most successful entrepreneurs never stop learning. Whether it’s reading books, attending workshops, or joining a business mastermind group, continuous learning will keep you on top of trends, strategies, and best practices.
Pro Tip: Set aside time every week to learn something new. The more knowledge you gain, the better equipped you’ll be to adapt and grow your business.
Building a successful business in 2024 requires a mix of strategic thinking, adaptability, and a willingness to learn and evolve.
By embracing technology, knowing your customers, and focusing on financial management, you can create a business that thrives in today’s competitive landscape.
Remember, success doesn’t happen overnight—but by following these tips, you’ll be well on your way to achieving long-term growth and stability.
Business
IPMAN to Reduce Fuel Prices After Dangote Refinery’s Petrol Price Drop

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it will announce a new, lower petrol price on Monday, following the recent price slash by Dangote Refinery. Dangote Refinery had dropped its ex-depot price for petrol from N840 to N820 per litre on Thursday, prompting IPMAN to consider adjusting its rates in response.
Speaking on the development, IPMAN President, Abubakar Maigandi, said the association is aligning with the move and will meet to finalize a fresh price cut for petrol. “Our members will also reduce their prices,” Maigandi said. “We’ll make an official announcement on the new fuel price after our meeting on Monday.”
As of Friday, filling stations across Abuja were selling petrol at varying prices, between N905 and N945 per litre. While NNPC, NIPCO, AA Rano, and Shema outlets were dispensing around N910, Dangote-linked stations like AP and Ardova offered it slightly lower at N905. Others, including Ranoil, Empire Energy, and Total Emadeb, were selling at the higher end, up to N945.
Business
Cooking Gas Price Increases by 2.18% as Nigerians Pay More to Refill

The cost of refilling a 12.5kg cylinder of cooking gas in Nigeria went up slightly in May 2025, rising by 2.18% compared to the previous month. The average price now stands at N20,709.11, up from N20,268.06 recorded in April. This update was captured in the latest Liquefied Petroleum Gas (LPG) Price Watch report for May, released by the National Bureau of Statistics (NBS).
According to the report, Delta State topped the list with the highest refill price at N23,356.56, followed by Abia at N22,953.01, and Ebonyi at N22,943.30. On the other hand, residents in Yobe, Lagos, and Kebbi states paid the least, with refill prices of N18,500, N18,536, and N18,606.60, respectively.
When compared to the same period last year, gas prices have jumped significantly, rising by 32% from N15,627.40 recorded in May 2024 to the current average. The NBS is yet to release figures for June 2025.
Business
GTCO Announces Nationwide Early Closure on June 30 for Half-Year Audit

Customers of Guaranty Trust Holding Company (GTCO) across Nigeria should brace for early branch closures on Monday, June 30, 2025, as the banking group kicks off its routine half-year audit.
In an official announcement shared on their verified X (formerly Twitter) page, GTCO informed customers that all their branches nationwide will stop attending to walk-in customers earlier than usual to allow for internal review processes.
The bank assured the public that this temporary adjustment is strictly for operational reasons tied to their mandatory half-year audit, a common practice among financial institutions to check financial records, processes, and compliance levels.
While in-person services will pause earlier that day, GTCO encouraged customers to make use of their digital banking platforms. Options such as internet banking, mobile apps, ATMs, and USSD codes, which will remain available 24/7 for essential banking transactions.
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