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Building a SME in a 3rd world country

SMEs & Inflation in a 3rd world country; what’s the way forward? What are SMEs? Small and mid-size enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees below a certain threshold. Each country has its own definition of what constitutes a small and medium-sized enterprise. Certain size criteria must be met and occasionally the industry in which the company op

Understanding inflation and how it affects the economy

What is Inflation? Inflation is the rate at which goods and services increase in price in a specific economy. Inflation is measured as a percentage. While inflation is normal and often good for economic growth, there are extreme cases that can disrupt stability and create financial hardship. Simply put, Inflation is the rate at which prices for goods and services rise. Inflation is sometimes class

Wizkid’s unicorn status, lessons to learn

Wizkid to an extent, made young and getting it become a mainstream thing in Nigeria especially through music in an age where every top artist was close to 30! He broke out at 19, just like every young artist he had his fair, share of struggles, scandals etc but he moved on fast, making himself scarce, highly sought for, from having spat with Dammykrane at Quilox to selling o2 Arena, “yes the o2

Aliko Dangote: Richest blackman under the sun, what makes him different?

I assume none of you reading this article is alien to the name ‘Aliko Dangote’. However, you may be inquisitive about certain aspect of his life that have made him standout in Nigeria, Africa and the World in general. Strap up, and enjoy a flash of who Aliko Dangote is.Do you want to know what it feels like to be named the richest man in Africa, eleven consecutive times? Ask Aliko Dangote. Wit

3 reasons why cash is king ?

1. Without generating adequate cash to meet its needs, a business will find it difficult to conduct routine activities2. Cash is king because opportunities can come up at any time and may no longer be available by the time you are done liquidating some of your non-liquid assets. When you have cash, you are able to secure good opportunities as they come and make more money.3. If a business doesn’

The Building Blocks of Entrepreneurship: A Blueprint for Success

As a small business owner, you operate in an uncertain world. To succeed, you must continually adapt your strategies to account for changing customer needs and market conditions. As with any business venture, starting your own company requires diligence and hard work. However, the rewards of entrepreneurship far outweigh the challenges. If you’re considering launching your own company, understa

The role of technology in the future of e-commerce

Technology has helped to create efficient e-commerce by eliminating a lot of the manual work that might be needed in order to scale a business. Technology is not always good for everything, and e-commerce is one of those industries where technology can't do all the work. Technology has allowed for companies to expand but it also allows them to scale back and focus on what they do best. The future

Guide to Business Term Loans

Term loans can enable your business to finance large purchases you can pay off over time.Term loans provide a convenient way to get the funds you need for a specific purchase. You receive the money upfront and then pay it back over a set term. These are commonly used to buy cars, homes, and even household appliances. But they can also help to fund business ventures and are offered by traditional a

Top 10 Marketing Strategies for you to promote your business as a business owner

Stop denying it. It’s certain that endless SME marketing demands have taken their toll on you by now. From WhatsApp add for add, to Instagram sponsored ads, “be like e don tire you sef”But don’t worry we’ve come to your aid, here we introduce 10 B2B marketing strategies that won’t put a dent in your wallet.Get a budgetYou need money to make moneyYes, you heard it right. Begin calibrati

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