Are you in search of fundraising strategies for your SME? This post has some exciting strategies you should check out. Continue reading. Businesses established in tech hotspots like Silicon Valley are increasingly distinguished by their incubators, accelerators, angel investors, and several social infrastructures in place. Now with this social infrastructure, raising early-stage funds in those […]
What are the best business grants for African entrepreneurs in 2021? Accessing adequate funding is crucial to the growth of any business. Typically in business, when the inflow of cash ceases, so does the business. One of the best ways to access funds as an African Entrepreneur is through grants. However, accessing business grants for […]
In the history of providing financial interventions for the Small and Medium Enterprises (SMEs) in Nigeria, a mix of funding in different areas, to support the textile, manufacturing, agriculture, pharmaceuticals, and housing sectors have received a boost to ensure the growth and sustainability of these industries to reduce the burden and effects of unemployment in […]
One of the challenges you will experience as a small business owner is accessing adequate funding to attain your business goals. Experienced business owners will tell you that accessing funding for a business is no easy feat. If it were, Africa would be littered with more thriving businesses than failed businesses. However, being a pessimist […]
Accessing financial support either in form of a grant or loan is one of the challenges that most SMEs in Nigeria face. Small businesses need financial support for various reasons ranging from raising business capital to expanding it. Typically, if your business has less than 500 employees, it is regarded as an SME. So, if […]
It is almost impossible for SMEs to run without loans. Did you know that SMEs in Africa create employment as high as 80%? Africa has continued to expand remarkably as SMEs increase yearly. The challenge, however, for most SMEs in Africa is the lack of funding and access to credit. The government in various African […]
The economic recovery from the COVID-19 crisis in Nigeria hinges on the survival of SMEs, which employs a large fraction of the region’s workforce. The Federal Government is responding with economic stimulus packages, including liquidity or methods to prop up demand for SMEs. As a result of the ravaging pandemic, Small and Medium Enterprises SMEs […]
For most SMEs in Nigeria, the issue of finance is one of the most important aspects. Not only is it important, but it can also be a very challenging one. To finance your small business in Nigeria, the first option that might come to mind will most likely be loans. However, this is not the […]
Thinking of getting a loan can be very exciting until you begin to know the requirements involved. Many business owners avoid this path due to how tasking it can be. Let me start by mentioning that loans are one of the ways to fund your business. A lot of organizations big and small collect bank […]
Growing a small business in Nigeria can be a heinous task some times. It is a process, and missing a step can mar the future of such business. Scaling a small business requires a lot of work and dedication on the part of the business owner. To avoid failure over some time as a small […]
