One of the most common challenges that SMEs in Africa face is raising funds to take the next step. Many business owners believe the only thing standing in the way of their businesses being a force on the global scale is funding. However, funding without adequate SME training is a perfect recipe for disaster. SMEDAN […]
Are you an SME in Africa? Have you heard of the National School Entrepreneurship Programme (N-SEP)? Do you know that this initiative was created to build entrepreneurs in Nigeria? It is well-known that Africa is blessed with human resources. However, the continent is plagued with underdevelopment and mismanagement of these human resources. About N-SEP The […]
If you own a successful SMEs in Africa, you will agree with me that studying from a business administration course (or degree) will help you develop the necessary managerial skills you need. Entrepreneurship is a thoroughly competitive field. Not only do you need to learn the fundamentals of finance, operations, human resources, marketing, and management, […]
Growing a business requires more than just having something to sell. Many small business owners, easily swayed by the need to deliver the optimum service to their target audience, believe that all they need for success is to offer excellent products. However, success is a consequence of an intersection of factors, some of which are […]
We have over 37 million SMEs in Nigeria which means that these businesses are essential to the economy. How do these SMEs thrive? One of the best ways is to become part of SME associations in Nigeria. Becoming a part of SME associations comes with several benefits. The most important of all is that they […]
As an SME in Nigeria, market planning frameworks are vital to the success of your business. They help to plan, prioritize, and visualize how every aspect of your business will fit together. To understand the types of market planning frameworks, it is important to have an understanding of the framework itself. What is Market Planning […]
Long ATM queues and extended lines at the bank with people waiting to withdraw cash is a common sight in many urban areas in Nigeria. If you have been pondering on starting a profitable business in Nigeria, then you might want to consider the POS business. The POS business in Nigeria is a lucrative venture. […]
Are you an entrepreneur searching for how to grow your business? The secret to running a business as an entrepreneur is finding out what works for you. And you can only find out what works for your business when you read a business book. Business books give you insight on how to be more productive, […]
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. […]
As a business owner, the business structure you choose influences everything about your business, from day-to-day operations to taxes, and how much of your personal assets are at risk. This is why it’s necessary for you to choose a business structure that gives you the right balance of legal protections and benefits and is sustainable […]
