Your company retreat is important to the development process of your business. Whether you are one of the executives of a large business or you own a small business, you need company retreats to enhance work relationships and encourage teamwork. SMEs in Africa can take advantage of company retreats to enhance morale, strategise, and create […]
Ever thought about starting a pharmaceutical business? The Nigerian pharmaceutical industry is one of the fast-emerging industries in Africa with potentials for further tremendous growth. This is largely because healthcare spending in Nigeria is often a private affair, out-of-pocket spending accounted for 70% of total health expenditure in 2016, compared with just 7% in South […]
According to The Rockefeller Corporation, 82% of customers will leave a small business if they think you don’t care about them. SMEs in Africa need to understand that customers want to feel appreciated in every way possible. The more customers feel appreciated, the more they’re encouraged to stick around. Having them stick around will improve […]
Not taking a break is one of the worst things you can do to yourself. You’ll erode productivity, turn out poor work, dampen creativity, diminish enjoyment, act like a monster, and eventually burn out. It is that time of the year, yet again. Holiday seasons are periods when we fully relax our body and mind. […]
It is the end of the year and usually, this when we turn up for parties. 2020 has been different because of the new coronavirus restrictions. Now, every small business needs to learn how to organise a virtual end of the year party. Doing this will help to create interesting memories despite the events being […]
Why will a bank reject your loan request? Running a business comes with many challenges and one of the biggest is lack of access to financing. Small business owners often find themselves in a need to inject more cash either through equity or debt. Many businesses, despite the plethora of loans from financial institutions, find […]
In recent years, the VTU business has become increasingly popular among Nigerians for several reasons. Today, the business is considered by many to be one of the easiest businesses anyone can start in 2020. The VTU business is one of the profitable businesses any individual looking to start a small business can do. As the […]
As an entrepreneur, one of the toughest decisions you would have to make is staffing. We all desire to see our businesses grow beyond micro-level of sole-proprietorship; it is important to hire people to perform certain functions in the business as we scale-up. Hiring the right-fit goes beyond announcing vacancies and screening CVs, it also […]
One of the greatest challenges you will experience as an owner of an SME in Africa is finding money to run your business. Whether it is renting an office space or purchasing the necessary equipment, you will need some money to get your business running. According to a recent report, more than 94% of new […]
What do you know about loan apps? The major challenge for most SMEs in Nigeria is access to funds. The entire process of obtaining bank loans can also be tedious, especially if you don’t have the necessary loan requirements. It could take months unending, and this can be frustrating for many business owners. Are you […]
