One of the biggest problems affecting businesses today is access to funding. SMEs have been key to the social and economic development of Ghana for several decades. Since they are just about the main driver of development, production, and employment creation, funding is very important. There is no secret that the number one problem facing […]
When it comes to investing money in a company, there are generally three ways one can do it. The first is through the stock exchange where small units (or more) of a company can be bought at prevailing market prices. The second one is venture capital; it enables new companies that are not quoted to […]
The management of a successful SME in Nigeria requires in-depth knowledge, and one of the ways to achieve this is by keeping a business expense sheet. A business expense sheet is simply a detailed report that tracks all the expenses incurred in the performance of contractual obligations for a client or during the execution of […]
Have you tried raising funding for your start-up or been part of a standard fundraising process? Then you should know that a financial model is an unavoidable prerequisite. An investor can accurately determine how much a stake or percentage is worth with a financial model. This is necessary to determine the value of the company […]
SME grants are vital to the success of SMEs in Africa regardless of the size, location, and sector. Although essential, funding can be very challenging to secure for business owners. This is one of the many reasons funding options for SMEs exist – to help SMEs in Africa achieve their business goals and objectives. Are […]
Running a small business in any economy is not for the fainthearted. There are one too many constraints and challenges to circumvent, and the only way to tackle them is to have the right systems in place. At the grass-root level, one of the best systems you can put in place is a solid budget. […]
The primary goal of every business is to make profits. In simple terms, it is the financial gain the business earns after the cost associated with the production products or rendering of their services is subtracted from their revenue. However, when the expenses are greater than the revenue generated, there is a loss. To avoid […]
While we are all striving to return to life, as usual, many businesses have been seriously affected by the pandemic. As such, they require all kinds of support to beat the effects of the pandemic on their economy. One such support is coming from Facebook. Yes, Facebook is providing post-COVID-19 support to small businesses around […]
Businesses face several challenges in today’s ultra-competitive environment. However, lack of funding lies at the forefront. For businesses in developing societies such as Nigeria, this challenge is even more pronounced. It is safe to say that without access to capital, no business can thrive as it plays a crucial role in the establishment, sustenance, and […]
Most SMEs in Nigeria aren’t aware of this, but a business justification is one of the most important documents you will ever produce for your business or idea. It differs from a business strategy. While a good business plan outlines your ideas to give you clarity, your business justification template exists for two main reasons: […]
