Recruiting a high-performance team is key to business growth. There is a growing number of SMEs starting up every year around the world. According to the Danish Institute for Human Rights, approximately 400 million SMEs are accounting for 60–70% of employment. This heartwarming piece of information should also mean a rise in opportunities as the […]
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. […]
Many SMEs make mistakes in setting up their market access teams. A simple online search shows technology as the new focus for businesses across most industries. This is especially noticeable in the high demand for integrating tech into the operations and products of small businesses. We are bombarded daily with media and PR articles on […]
Consumer behavior is the study of how customers select, buy, use, and dispose of ideas, goods, and services to satisfy their needs and wants. It is mainly concerned with the psychology, motivations, and behavior of the customers. For further clarity, consumer behavior also refers to the actions of the consumers in the marketplace and the […]
Are you an SME in Africa? Have you heard of the National School Entrepreneurship Programme (N-SEP)? Do you know that this initiative was created to build entrepreneurs in Nigeria? It is well-known that Africa is blessed with human resources. However, the continent is plagued with underdevelopment and mismanagement of these human resources. About N-SEP The […]
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 […]
Choosing a bank for your personal banking needs can be quite a task. Bear in mind that the one you settle for will have a huge impact on your business. Therefore, you have to be careful with your choice as a step in the wrong direction will negatively affect your business sooner or later. If […]
Finding funding options when starting up your business can be a rocky but rewarding process. With the rapid emergence of SMEs in Africa, one of the major challenges these small businesses are faced with is generating capital for starting, sustaining and scaling their business. The African continent is plagued with lack of infrastructure, poor funding […]
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 […]
Raising funds for your business is one of the biggest challenges that entrepreneurs face. If you are in this position, you must be seeking ways to position your business to attract investors. You need to have a clear idea of how to pitch your SME business to attract investment from financiers. This is very important […]
