Finance management and sources for small business
Small business loan application is one of the common requests with high rejection rate in the commercial banking system.Who should be blamed for these loan rejections? Entrepreneurs, bankers or government regulators? I mostly blame the entrepreneurs for lack of preparation. In this article, I have discussed some key areas bankers consider when they are assessing […]
How Bankers Assesses Small Business loan Applications Read More »
One of the major reason of having a startup business plan is to answer the fundamental, and critical question of how much does it cost to start a business. Simple estimate of startup costs can help the founders to know the capital need of their business. This estimate can be done with an Excel template.
Startup Costs – How Much Does It Cost to Start a Business Read More »
3 Gambian entrepreneurs are among the 2nd set of 1,000 entrepreneurs for the 2016 cycle in the Tony Elumelu Entrepreneurship Programme (TEEP) initiated by the Tony Elumelu Foundation (TEF). Launched in 2015, TEEP is the largest African philanthropic initiative devoted to entrepreneurship. The programme represents a 10-year, $100 million commitment, to identify and empower 10,000 African entrepreneurs, create
Tony Elumelu Foundation Announces #Teep2016 Cohort Read More »
Maintaining good cash flows is crucial for any small businesses. Optimized cash flows indicated the strategies a business can use to better improve the amount of capital flowing in and out of the business.It represents a business’s strength to implement superior management measures and further improves the profitability of the entire business.Thus, a Good cash
How to improve Cash flows in Small Business? Read More »
Often you will hear that cash flow is the major reason many small business close their doors. This is true, because all other reasons of business failure must result to cash flow issue before a firm goes bankrupt. Cash is the life blood of any form of business as no business can survive long without a
Causes of Cash Flow Issues in Small Business Read More »
Few business plan mistakes can result to anything from the delayed of approval to the total rejection of your business plan. Unfortunately when rushing to get your funding in place and launch your business, your plan can get neglected. Below we have highlighted few of the very common business plan mistakes you should be aware: Unrealistic Financial
10 Common Business Plan Mistakes You Should Avoid Read More »
We all know that there only two ways to increase operating profit namely decrease operating expenses or increase operating revenue. In this equation, it is easier for business to manage operating expenses compared to increasing sales. Even the large corporations restore to job cutting and branch closure when thing get though. What can the small
13 Ways to Manage Business Operating Expenses Read More »
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