Ever considered starting a VTU business? A few years back, the well-known way of loading a phone with airtime or credit is by buying a recharge card. Then loading it on your phone with a USSD code. According to NCC, we have over 165 million active GSM LINES in Nigeria as of September 2018. Nigerians […]
Are you looking for the cheapest businesses to start in Africa? There are lots of business opportunities scattered across the African continent. Despite obvious challenges like poverty, Africa is evolving at a fast rate. Small businesses spring up daily, contributing majorly to the GDP of diverse countries in Africa. In Nigeria, SMEs contribute as high […]
How do you revitalize a slowing business? If there is one major lesson we have come to learn in the marketplace, it is that “irrespective of its reach and impact, no business is completely immune to slowing down and potentially dying out”. We’ve seen brands that had been identified once as global giants, the likes […]
Setting up a marketing team is no small feat, especially for startups. You have probably heard the popular saying “people cannot buy a product that they don’t know about”. This statement emphasizes the importance of effectively marketing your products, as this is an essential lifeline for business sustenance. To do this, you need a regular […]
One of the challenges businesses face is bad bookkeeping. Bookkeeping includes the processes of recording, analyzing, and arranging business transactions. It also involves maintaining an organization’s business transactions such as sales, purchases, payments, earnings, and receipts. Small, medium, and large businesses need to make use of complete and accurate bookkeeping data, ensuring that they regularly […]
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 […]
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 […]
Running a startup business is no easy feat. Popular business owners often tell their success and failure stories. They often share how they started several businesses before they finally found the goose that now lays the golden eggs. On the other hand, others started but abandoned their business along the line. This is largely because […]
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 […]
