Every country has its own business guides, regulations, and standing bodies that certify businesses to run as a recognized entity. While registering your small enterprise is a legal duty, it comes with a huge benefit for your business. And that one big deal is you get to be trusted by your customers once they see…
No matter what size your business is, cash flow is an essential part of your success. Knowing how much sales you get within a period and how much expenses you incur becomes part and parcel of your journey. To keep your business alive and floating, cash flow management should be your best partner. How then…
It is an unspoken business rule to review the financial books every day, usually at closing hours. And the why is so that the business owner can know exactly how much sales were made and how much expenses were incurred. The life of a business owner is usually between making profit and incurring expenses. While…
Typically, any business deals with at least two to three inventory types to effectively fulfill its business mission. Inventory is a key part of any business regardless of size. Managing inventory across the board becomes another responsibility of a business owner. Improperly managed inventory is a disaster waiting to happen. As a result, businesses will…
From many small and medium business stories and journeys, we can say that despite the very minimal state support for Micro, small, and medium enterprises (MSMEs) compared to what we have in other places, the sector has contributed greatly to national GDP. As of 2022, MSMEs in Nigeria accounted for 48% of gross domestic product,…
The soul of any business whether a large, medium, or small scale is funding. Capital becomes a crucial oxygen upon which a business thrives. For most successful businesses around the globe, a major landmark in terms of growth comes as a result of funding from investors, capital loans, grants, and many more. If money is…
