Expenses are part of the story of starting and running businesses. Setting up a business can be seen as an exciting adventure as business owners create solutions to problems and earn profits as a result of it. However, it is also true that this quest of problem-solving and creating solutions can be expensive. Business owners […]
If you are the owner of an SME in Africa, then you must have heard about the SMEDAN certificate of registration. We shared some information about the SMEDAN mass registration for MSMEs in Nigeria. This process aims to get a comprehensive list of all the MSMEs within the country. SMEs that register with SMEDAN are […]
It is no longer news that most start-ups fail in their first few years. Research has proven that small businesses have an average life span of 4 years. While there are many challenges such as the location within which the business is founded, financial constraints, and more, that impair the chances of a business succeeding, […]
South Africa is a country with an incredible economy comprising business of all types – formal and informal. The presence of these businesses has further led to a rapid boost in the South African economy, especially in the business sector. However, this boost won’t be possible without certain loans in South Africa for such business […]
Small, micro, and medium enterprises known as SMEs are the backbone of any economy in a country. They are non-subsidiary, independent firms or organizations that are invested in employing a large populace of the labor force. Small firms usually have fewer than 50 employees, while micro-enterprises have at most 10, or in some cases 5, […]
SMEs are vital contributors to the economies of virtually every country across the globe. However, the COVID-19 pandemic inflicted great commercial hardship on most of these businesses. The situation is worse in Africa. According to the Uganda Business Impact Survey 2020, 85 percent of SMEs in Uganda will be adversely affected by the ripple effects […]
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 […]
