Business
23-year-old Swiss Entrepreneur set to disrupt the e-commerce space
Young Swiss Nigerian and fast-rising online entrepreneur, Yomi Denzel, breaks the norm to record enviable achievements in the e-commerce industry
Yomi Denzel started his YouTube channel at the age of 14 and has continued to position himself as a major figure in the e-commerce industry across the globe. The young yet successful e-commerce entrepreneur has carved a niche for himself for his somewhat unconventional yet effective approach to online marketing, with his major breakthrough coming in May 2019, when he generated more than $1.2 million in a day, using one promotion. Over the years, Yomi has developed a unique business model that has helped his rapid yet steady rise as an online entrepreneur.
The e-commerce industry has grown over the years, and experts have predicted the continuous growth of the industry in years to come. According to a report that was published by eMarketer, one of the leading providers of data and research on digital for business professionals, retail e-commerce sales will increase to more than $4.058 trillion in 2020. This represents more than 14% of total retail spending. If there is any individual that is seemingly profiting from the increasing popularity and growth of e-commerce, it is Yomi Denzel, a 23-year-old businessman that is disrupting the online business environment.
Yomi’s success story is fascinating, dropping his dream of playing football professionally due to a major injury and starting his entrepreneurial journey after he thought he had failed an exam in school. This turned out to be a blessing as he bought Tai Lopez SMMA (social media marketing agency) course and closed 3 different businesses, charging them $1,500 to manage their social media accounts, all within a month.
Yomi jumped on the e-commerce train in 2017, launching his first store in September using a dropshipping model. He subsequently developed a special marketing strategy using Influencers and story posts to generate quick massive revenues. His strategy hit the first big “Coup” in February 2018, generating $25,000 with an influencer he paid only $200.
Combining being a student, a teaching assistant in his university, the owner of
several E-Commerce stores and a YouTuber, Yomi designed a structure that included Cédric and Theodore to help manage his business effectively.
Yomi’s businesses have skyrocketed ever since, including the generation of over $1.2 million in a day, using one promotion. He has also taught hundreds of aspiring online entrepreneurs over the years, providing them with the tips to become successful in their respective fields.
Business
Why Multi-Province Payroll Compliance Is the Hidden Challenge Canadian SMBs Face and How Folks Solves It
Byline: Shem Albert
Running payroll in Canada can feel like crossing a country stitched from many different fabrics. Each province weaves its own pattern of tax rules, leave policies, and benefit requirements, creating a landscape where a single misstep can ripple through every paycheck. For small and mid-sized businesses, the challenge often remains hidden until growth pushes hiring beyond provincial borders or brings remote workers into the fold. What seems like a routine back-office task quickly becomes a test of accuracy, timing, and local knowledge. This is the gap that Folks set out to close, offering a way for employers to navigate Canada’s regulatory patchwork without slowing their momentum.
Provincial Rules Add Complexity
Canada’s payroll environment varies sharply by province. Federal rules set the foundation, but provincial tax rates, deductions, statutory leave entitlements, and benefit premiums add layers of complexity that employers must monitor carefully. Small and mid-sized businesses with staff across provinces or remote employees face different tax tables, reporting deadlines, and leave calculations that directly affect pay accuracy and remittance schedules.
Folks built its payroll module to address these differences. The platform calculates the correct provincial tax rates and deductions for each employee, applying updates automatically so employers avoid misapplied withholdings or late filings. Multi-location tax management allows a company with workers in Ontario, Quebec, or several other provinces to process payroll without creating separate accounts for each jurisdiction. Bilingual functionality in English and French and secure Canadian data hosting support compliance while keeping employee records accessible across language and regional boundaries.
Unified Records Improve Accuracy
Payroll errors often stem from mismatched employee data. Changes in pay rates, banking details, or benefits eligibility may not align between HR and finance systems, creating incorrect deductions or delayed payments. Smaller teams juggling separate platforms spend valuable hours reconciling information instead of focusing on strategic work.
Folks resolves these issues by combining HR and payroll in one platform. Updates to wages, hours, or tax information entered on the HR side flow directly into payroll without re-entry. This single, verified record strengthens the accuracy of every payroll run and ensures employees receive the correct pay and deductions. By removing the need for repetitive administrative work, HR staff can redirect their time to tasks that support growth and employee engagement.
Automation Keeps Provinces in Step
Each province sets its own requirements for holiday pay, pay frequency, and statutory benefits, making manual calculations both time-consuming and error-prone. Businesses that expand or hire remote employees must keep pace with shifting provincial regulations or risk penalties and audit issues.
Folks address these demands with automation designed for Canada’s regulatory landscape. Pay statements, deduction calculations, and custom pay schedules follow the applicable provincial rules without extra configuration. The system’s automated updates mean that a company hiring staff in British Columbia or Quebec can meet local payroll standards without adding new layers of setup or monitoring. Employers gain the ability to expand into new regions while maintaining accurate, on-time pay.
Reporting Strengthens Compliance
Changing tax rates and reporting requirements require ongoing attention from HR and finance teams. Companies that rely on disconnected systems risk missing a provincial update or submitting incorrect remittances, which can lead to fines and interest charges.
Folks provides detailed reporting tools that compile payroll, deductions, and benefits information across all locations. Employers can generate clear remittance and deduction summaries, simplifying the process of meeting provincial filing requirements. For organizations that want additional guidance, Folks also offers a payroll management service that brings in-house specialists to assist with configuration, compliance, and regular updates. These reporting features help companies stay audit-ready and avoid costly compliance gaps.
Scalable Payroll for Expanding Businesses
Many small businesses begin in a single province, where local tax and payroll demands can be learned over time. Growth into new provinces or the decision to hire remote staff adds a level of complexity that manual processes cannot handle efficiently. Errors multiply, compliance risks rise, and payroll teams spend more time correcting mistakes than supporting expansion plans.
Folks provides payroll that scales with company growth. Provincial tax logic, automated deductions, bilingual support, and secure Canadian data storage are built directly into the platform. By maintaining an accurate employee record and applying province-specific rules automatically, the system allows Canadian SMBs to expand with fewer administrative surprises and more predictable payroll operations. Companies gain the stability of compliant payroll across provinces while controlling the time and costs that typically accompany multi-jurisdiction growth.
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