As a business owner, one of your ultimate goals is to reduce your business expenses and unnecessary costs while maintaining the high quality of your services or products. However, it can be challenging, particularly in Nigeria, where the cost of doing business is relatively high. But then, as a business…
Accounting
22 Articles
22
4 Min Read
Did you know that monitoring financial performance is key to maintaining a healthy business? Keeping tabs on your company’s finances doesn’t have to be stressful or time-consuming. As an entrepreneur, it’s your responsibility to ensure the health and future of your business, which comes from keeping track of essential financial and…
How To Choose Between Investing And Trading
4 Min Read
4 Min Read
For those interested in participating in the financial markets, you have two options: investing and trading. As an investor, you’ll likely be putting in larger amounts of money and letting them sit long enough to earn even bigger returns. As a trader, however, you’ll put in smaller amounts, sometimes on…
All You Need To Know About Debt Relief
2 Min Read
2 Min Read
Do you have a debt to pay as an individual or a small business owner? Is it becoming more and more difficult to repay it? Then, it is time to consider applying for debt relief. And, what is debt relief? Well, it is the renegotiation of your debt with the…
4 Min Read
As anyone who’s started a business can tell you, it’s never as simple as it may appear. Small business apps are a crucial part of every business. An article published by the Oxford Royale Academy tackles 10 aspects of a business that have the biggest effects on its success. For good…
3 Min Read
Accounting is a demanding job, but when you add running your own business to the mix, it takes this challenge to a whole different level. You probably already know that organization, attention to detail, adaptability, and strategic decision making are the very basic accounting skills. The question is what can…
3 Min Read
Financial management and bookkeeping is a challenge for most entrepreneurs and business owners. Especially if you’re just starting out, maintaining a positive cash flow can make or break your business. Thanks to technology, it’s easier and more cost productive for non-accountants (such as yourself) to manage small-business finances. All you…
5 Min Read
For a small business owner, invoicing is probably one of the most important areas to manage and deal with. Whether you like it or not, online invoicing is a necessity for businesses of all sizes. However, not all business owners are familiar with the basics and importance of invoices. Never take…
3 Min Read
Sales are important. Profits are even more important. Cash flow is infinitely more important than both of those. Cash flow is the lifeblood of any business venture, regardless of its size. It is a sign of a healthy business and a vital ingredient for growth. Whether you’re running an established business…
5 Min Read
The development of any nation depends on the amount of revenue generated by the government for the provision of infrastructural facilities. Taxation is the key to unlocking the resources required for public investment and infrastructure growth. Taxation and tax management is a stressful activity for everyone, especially for business owners…
3 Min Read
As a small business, cutting cost on basic business expenses without compromising quality is a great way to increase your margins. Profit margin is a simple mathematical equation that depends on two factors: revenue and expense. For achieving higher margins, you have only two choices, either to increase your revenue…
3 Min Read
If you’re starting or running a business in today’s world, you’re going to need a reliable accounting software sooner or later. Small businesses often start out using Excel in keeping track of finances, but that is not a scalable approach as the business grows. Unfortunately, some of the most popular…
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