Your business credit score is just as important as your credit score. When we hear about credit reports we seldom think about households only. We usually don’t see reasons why we should care about our business credit score. Whether you run a small business or a start-up company, you can assess your credit situation to […]
Category: Finance
Financial intelligence for businesses and professionals. Navigate grants, loans, payroll, and investment strategies to build long-term wealth and stability.
Fixed Deposit Account: Meaning, Types and Benefits of a Fixed Deposit Account
For years, before the knowledge of what a Fixed Deposit Account became popular, business owners had been searching for an investment type that could be considered safe, provides guaranteed returns over time, and has flexibility in terms of duration. This is because business owners in all regions of the world have had to battle with […]
Business Loan: Meaning, Types, Benefits and How To Request a Business loan?
The joy of every business owner is the continuous availability of cash and to experience of continuous growth without taking any business loan. However, the truth is that without accessing the right business loan to ensure a constant cash flow, a business, especially in a country like Nigeria, might not survive in this harsh economic […]
Apply for the Nigerian Presidential conditional grants, loans to businesses
The Federal Government, under the Presidential Palliative Programme, has announced the kick-off of the Presidential Conditional Grants Programme and the Presidential Palliative Loan Programme. The two different but related programmes are targeted at alleviating the negative impact of the economy felt by business owners. These programmes are aimed at fulfilling promises by the government of […]
The differences and similarities between Chargebacks and Refunds for businesses
In the course of running your business, I want you to know that one-fifth of your transactions are most likely to be considered as incorrect, errors or mistakes which will all result in chargeback or refund requests in which your company might lose the profit from those transactions. If I must confess, I can tell […]
Income statement: How to prepare a profit and loss statement for your Business
I am always amazed when a business or startup company owner claims that their business or company doesn’t need an income statement. Some business owners don’t even know what an income statement is. This is not good for the progress of any company because the truth is that most potential investors will likely ask for […]
Financial Management: Why it is Important for Business Owners
Financial management is very important for businesses as it plays a major part in the performance and growth of companies and businesses. Proper financial management serves as a groundwork for making cooperative decisions and achieving goals and objectives as stated in the official business plan. Financial management typically involves planning, directing, monitoring, and controlling business […]
How to Pay yourself as a Business or Startup Company Owner
When Starting a business or a startup company, you at first may forget about considering how to pay yourself in the course of building the business, when drafting your first business plan. It is really funny that many business and startup company owners still use up all the profits coming into the company without having […]
How to Find Investors for your New Business
I always say that small businesses in Nigeria need additional finance at key points in different business developmental stages and that also applies to startup companies. Raising funds and capital to grow to the next level is the major explanation for why small business owners look for investors. Securing any investment either in person or […]