By now you must have heard that SMEDAN has called for MSMEs in Nigeria to register on its portal. Completing your registration with SMEDAN comes with several benefits to these businesses; one such benefit is access to loans. We all know how much trouble it is to raise capital to start up and run businesses. […]
This post will discuss the eligibility criteria for the SMEDAN MSME registration. For small and medium business owners, funding poses a real challenge to effectively running their operations. SMEs are the core of the economic sector and are also responsible for driving innovation and competition for any economy. While capital plays a huge role in […]
Both large-scale and SMEs go through a crisis, although some forms of crisis are predictable and can be prevented, others are sudden and need to be managed. SMEs in Africa are typically exposed to protracted periods of crisis due to several factors ranging from inability to access financial aids to corruption. Hence, learning to manage […]
It is a known fact that no business can survive without access to funds. From starting the business to operating its day-to-day affairs, getting the right human resources on board, and even taking strategic actions. Money is just one resource that a business owner cannot do without. There are several ways that entrepreneurs raise funds […]
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 […]
Government has a role to play in helping SMEs thrive. SMEs in Africa are the biggest contributors to the Continent’s economy. In Ghana alone, small businesses contribute a whopping 70% to Ghana’s GDP. According to this report, SMEs in South Africa account for 91% of businesses, 60% of employment and contribute 52% of total GDP. […]
A lot of people are searching for new ways to earn additional income. This is why VTU businesses are becoming common in Africa. If you are reading this post, there is a huge chance that you are at best thinking about having one. However, running a successful SME in Africa demands that you expand your […]
WhatsApp is fast becoming a business tool for professionals and business owners. People share pdf files, photos, and various other documents. One of the best things about WhatsApp is the end-to-end encryption which means your information is safe and cannot be accessed by a 3rd party. WhatsApp which is now owned by Facebook, recently released […]
The value of a business is important information for business owners. It enables them to ascertain the worth of a smaller stake in the business so as to sell part of it to equity investors for capital. The accurate estimation of the value of a business is crucial for this strategic decision and a business […]
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, […]
