Addresses the financial aspects of entrepreneurship, such as financial forecasting, managing cash flow, securing capital, understanding financial statements, and budgeting.
Why many early-stage startups dem misprice valuation Founders carry wrong signals Many founders set valuation from hope, not numbers. They pick figures base on gut or what social media dey show. The result: pre-money go high pass reality, or dem accept too-low offers because dem dey rush. This pattern dey cause premature dilution or failed…
What business insurance actually covers — and why founders should care Core policy types explained Business owners usually encounter five core policy types: property (building and contents), public liability, professional indemnity, employer’s liability, and business interruption. Each covers a specific risk. Property protects physical assets. Public liability covers third-party injury or damage. Professional indemnity covers…
As small business owner for Naija, sometimes you go see plenty numbers for your book, and you no sabi wetin to do with them. E dey feel like big grammar Wey dem use confuse person. But trust me, these numbers, them dey important well well for your pocket and for how your business go grow.…
See, in Naija, business don’t just run, e dey dance. And this dance, especially when Naira dey do shakara, fit scatter even the strongest business if you no sabi the steps. When Naira Dey Do Shakara: Why E dey Happen? The Global Rhythm First things first, Nigeria no dey alone for this global economy. Market…
As a business owner for small and medium-sized enterprises (SMEs) in Nigeria, you sabi say market no dey steady. One day market dey sweet, next day e don change. E dey very important make you no just dey run your business based on hope. You need to look ahead, predict wetin fit happen, and make…
When we talk about running a business, especially one that involves moving goods, from getting raw materials to finally delivering to customers, there are costs we see and then there are costs we don’t. These hidden costs in business logistics can really eat into your profits if you’re not careful. They are like small leaks…
In today’s business landscape, efficiency is king. For entrepreneurs, especially those just starting out or looking to optimize their operations, having the right tools can make all the difference. We’re not just talking about fancy office furniture; we’re talking about the software that runs your business smoothly, from managing your finances to keeping your customers…
Starting a business is exciting. You’ve got the idea, the passion, and maybe even a solid business plan. But what about the expenses that sneak up on you? The ones that aren’t always obvious when you’re sketching out your budget? Many small businesses, especially here in Nigeria, find themselves blindsided by these “hidden” costs, which…
Starting a business is an exciting journey, but it’s also one that requires careful planning. A well-structured business plan isn’t just a document for potential investors; it’s your roadmap to success. It forces you to think critically about every aspect of your venture, from your core idea to your financial projections. Understanding the Purpose of…
Understanding the Informal Economy’s Impact Nigeria’s economy is a dynamic landscape where the informal sector plays a surprisingly significant role, often acting as a hidden engine for growth in the formal economy. While sometimes viewed as operating outside the mainstream, this sector is a crucial incubator for entrepreneurship and a vital source of employment for…