May 3, 2021

Consequences of bad bookkeeping in a business

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 […]

April 30, 2021

7 Invoicing Apps to help you Make Money

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 […]

April 29, 2021

How SMEs in Africa Can Attain Positive Cash Flow in the First Year

Every business owner seeks to attain a positive cash flow, especially in their first year. Running a successful business requires passion, determination, and focus. As a business owner, you have to pay close attention to the important aspects of your business for it to grow. One of the areas all African SME owners should pay […]

April 28, 2021

Why SMEs in Africa Need To Use Budgeting Tools

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 […]

April 26, 2021

7 Online Lending Platforms to get Small Business Loans in Nigeria

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 […]

April 23, 2021

5 Best Budgeting Software for SMEs in Africa

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 […]

March 15, 2021

Basic Finance Terms Every Business Owner Should Be Familiar With

As an owner of an SME in Africa, how many finance terms do you know? Owning a business is not a one-stop journey. It requires learning, pausing, and forging ahead, unafraid to take new paths when necessary. It’s a constant learning curve for both rookies and entrepreneurs with great ideas. But there’s no manual for […]

March 5, 2021

Essential Financial Habits You should have as an SME Owner

Every business owner must display certain financial habits for their business to succeed. Leaders have key characteristics that set them apart from other people. In the same vein, successful entrepreneurs tend to have a lot of similarities, and these features are many times, which make them successful in the first place. As an SME founder, […]

Why Having an Emergency Fund is Crucial for SME Owners
March 4, 2021

Why Having an Emergency Fund is Crucial for SME Owners

Most business owners do not consider emergency funds to be important. Research has shown that 20% of small business owners believe that their number one challenge in the start-up world is the lack of adequate amount of cash to keep things going. These monetary issues could be tied to limited sales, piling debts, mismanagement of […]

March 2, 2021

Key Business Ratios to Guide the Financial Performance of Your SME

Performance assessment is a huge part of growing a business. Periodically, it is important to assess how far the business is growing or otherwise, particularly in relation to the benchmarks you set or as compared with previous reports. One way to easily assess comparative growth on a company’s financial performance is through ratio analysis. It […]

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