We cannot discuss the idea of business without mentioning “competition.” Imagine an outdoor market in a developing country (a busy, bustling, lively, and noisy place). Customers move from one vendor to another, checking the price and quality of goods, haggling trying to get their money’s worth. Sellers trying their best to portray their goods in […]
Electronic commerce or ecommerce is a business model that lets firms and individuals buy and sell things over the internet. It is buying and selling products or services, making money transfers, and transferring data over an electronic medium that allows people to do business without the constraint of distance and time. Last year, as stay […]
Accessing grants is very important for small businesses. So are you thinking of starting your own business in 2021? Do you need funds to start, sustain and scale your business? No matter what phase you are in business, funds are crucial to achieving your business goals. Small business grants are an easy way to access […]
New product development is an essential aspect of running a business. Interestingly, most business owners don’t see the need to understand the process. However, there comes a time when you need to develop new products to keep your business afloat. Developing a new product is not necessarily becoming an inventor. Instead, it just means bringing […]
Converting your knowledge is one of the easiest ways to build a new business. Are you the kind of person that people call for long hours to pick your brain, collaborate or share ideas? Then you are in the right place because we would be exploring how you can use your knowledge to become a […]
A pitch deck is important for every business. All successful SMEs in Africa know this: your company, idea or business venture will need financing from external investors sooner or later. Generally, most African entrepreneurs’ financial support comes from friends, family or government grants. Eventually though, and depending on how well your SME is growing, you […]
With 2020 in the books, the world is still in a state of tension and uncertainty. The COVID-19 pandemic, which has been front and centre since early last year, has caused a paradigm shift in the operations of Small and Medium Enterprises (SMEs) across the world, particularly in Africa. Looking forward to 2021, trends fast […]
Taxation tips are essential for every entrepreneur that runs an SME in Africa. Interestingly, many individuals and businesses run away from the idea of taxes and taxation. It is your obligation as a business to pay tax to the country’s government where you derive income. One of the reasons businesses default in paying taxes is […]
What if you’ve identified your strength in a service already dominated by a big player? Is there a chance for your small business to hope for any kind of success? Your instincts might also trigger fright or flight. This article is prepared to make you scratch all that. And help you become a fighter (not […]
The birth of websites for SMEs in our world today has made life easier for business owners across the globe. Websites like these have become the go-to place for business owners searching for information to take their businesses to the next level. These websites’ presence is a step in the right direction, seeing as most […]
