Different accounting software have been developed over the years to simplify business operations. The larger a business grows, the more accounting problems it is likely to experience. These software help small businesses to save time and resources by creating an automated method of managing finances, payroll and accepting payment. People often wonder why it is […]
How would it feel if you could fit your whole business plan into a page? Did you just scream impossible? Well, it is possible when you make use of a business model canvas. Business Model Canvas According to Strategyzer, the Business Model Canvas (BMC) is a strategic entrepreneurial and management tool. It enables you to […]
This article was written by Dr Gbemisola Boyede, a Consultant Neurodevelopmental Paediatrician and Founder/CEO of Ask The Paediatricians Foundation. According to the World Health Organisation, globally estimated 5.3 million children under age five died in 2018–roughly half of those deaths occurred in sub-Saharan Africa. Nigeria is a major contributor these child deaths in sub-Saharan Africa. […]
Most of the famous public figures in the world started out at a young age. They developed inherent talents and grew to become forces to be reckoned with in their various fields. Teaching kids the art of entrepreneurship is a great way to boost their self-confidence and give them a platform to develop their talents. […]
It is amazing that with over 37 million SMEs in Nigeria, more than 95% don’t have access to credit. This shouldn’t be so if these SMEs contribute to more than 50% of the Nigerian GDP. No wonder many businesses end up dying within the first few years of operation. The place of capital in running […]
What better time to discuss CBN loans for SMEs in Nigeria than now? Many businesses have been shaken by the effects of COVID-19 and are seeking funds to rebuild. The truth is that even before the pandemic, it has never been easy to raise funds for business purposes. The Central Bank of Nigeria understands the […]
SMEs in Nigeria face several problems such as raising capital and dealing with bigger competitors. It is interesting to note that logistics remains one of the biggest challenges that SMEs face. This problem is not local to Nigeria, rather, it is one that SMEs all over the world battle with. When you have a clear […]
Recently, SMEDAN launched a mass registration program for MSMEs nationwide. The aim is to provide support to small and medium scale enterprises within the country. It is expected to provide SMEDAN with a comprehensive list of MSMEs to ensure that it carries out its functions effectively. Asides helping the body achieve its aims, MSMEs also […]
By the middle of last year, so many business owners had plans ready to take the world by storm in 2020. Fast-forward to March this year and all we were thinking of was getting through COVID-19 alive and well. It is interesting how the pandemic has affected our lives, especially where business is concerned. As […]
SMEs are the engine house for economic growth all over the world. SMEs account for the majority of businesses globally and are important contributors to job creation and global economic development. They efficiently provide and deliver goods and services to regions where they are needed, create job opportunities, develop their communities, and foster healthy competition […]
