Ever heard of invoicing apps? Sending invoices is great because it signifies that a sale or business transaction is about to be made by the business. However, preparing those invoices professionally could be a hassle – especially if your business has to create such invoices frequently. Rather than manually editing documents upon documents, there is […]
Every business owner seeks to attain a positive cash flow, especially in their first year. Running a successful business requires passion, determination, and focus. As a business owner, you have to pay close attention to the important aspects of your business for it to grow. One of the areas all African SME owners should pay […]
Budgeting tools have made a “once-upon-a-time” difficult job less cumbersome. It is no secret that budgeting is one of the most important aspects of running an SME in Africa. This is because your budgets help you to control your spending to attain a positive cash flow. In this post, we will look at why small […]
Every business requires funding to start, sustain and scale it and you can raise such funds from online lending platforms. Most often, many business owners require some extra funds to expand their business. When other sources of funding are exhausted, taking a loan can become another source of interest. Business owners tend to think that […]
What is the best budgeting software? Before we discuss this, let’s explain what a budget is. A business budget is a plan that helps to keep companies on track with their financial goals. When business owners don’t use a budget, they’ll struggle when cash flow problems occur. Cash flow shortfalls will make it difficult for […]
As an owner of an SME in Africa, how many finance terms do you know? Owning a business is not a one-stop journey. It requires learning, pausing, and forging ahead, unafraid to take new paths when necessary. It’s a constant learning curve for both rookies and entrepreneurs with great ideas. But there’s no manual for […]
Every business owner must display certain financial habits for their business to succeed. Leaders have key characteristics that set them apart from other people. In the same vein, successful entrepreneurs tend to have a lot of similarities, and these features are many times, which make them successful in the first place. As an SME founder, […]
Most business owners do not consider emergency funds to be important. Research has shown that 20% of small business owners believe that their number one challenge in the start-up world is the lack of adequate amount of cash to keep things going. These monetary issues could be tied to limited sales, piling debts, mismanagement of […]
Performance assessment is a huge part of growing a business. Periodically, it is important to assess how far the business is growing or otherwise, particularly in relation to the benchmarks you set or as compared with previous reports. One way to easily assess comparative growth on a company’s financial performance is through ratio analysis. It […]
One of the things you must learn to do as an entrepreneur is how to apply for a business loan. Having a great business idea is not all that matters; you must find a way to finance that idea. Capital is the life wire of any business, but raising it can be a huge challenge. […]
