According to a recent study, over 80% of new businesses fail during the first year of operation. Lack of funding turns out to be one of the common reasons. Money is the bloodline of any business. The long painstaking yet exciting journey from the idea to revenue generating business needs a…
Financing
50 Articles
50
4 Min Read
Every day you hear about Blockchain technology, Bitcoin, ICO, Ethereum but do you understand what blockchain, cryptocurrency, and Smart Contracts are? How does it all work? How can blockchain be used to drive business growth? How will blockchain impact the Nigerian digital economy? How will blockchain change the world? This…
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
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…
4 Min Read
*** Before you proceed, please note that Invoice NG is not a loan service provider. Hence, all requests for loans and related services will be ignored. A loan is a financial instrument that helps both businesses and individuals to meet financial obligations. However, most lenders often require a form of collateral to serve…
2 Min Read
A current accounts and savings accounts are the two most common types of bank accounts offered by banks in Nigeria – but what exactly is the difference between the two and which type of account is right for a small business owner? When it comes to operating bank accounts, most small…
1 Min Read
Do you desire wealth, riches and fortune in your business venture? Then you need to build a winning team. We all want these and more. “Building a successful business is not beans” though. Certain deliberate and conscious steps must be taken if you are serious about this pursuit. One of the…
2 Min Read
Getting a business loan is a major hurdle for most small businesses in Nigeria, mainly due to lack of proper credit facilities for small business owners and entrepreneurs in the country. But obtaining outside financing is often necessary to start or grow a business or cover day-to-day expenses, including payroll…
5 Min Read
Invoicing is probably one of the most challenging bookkeeping tasks that bring stress to small business owners. Chasing after clients and making sure that all bills are paid require multi-tasking and bookkeeping skills. For these regular tasks to be easier, moving to online invoicing is a great decision for most…
4 Min Read
As a small business owner, you probably know that the key to your success is not just driven by the number of customer transactions, but also the way you manage your money. Small-business owners need to be informed about every aspect of financing, from bookkeeping to cash-flow projections to effective…
2 Min Read
Payroll management at a small business is not easy, and many small business owners make the mistake of underestimating how complicated the process can become. If you are to run your small business successfully for the long-run, make sure you take payroll matters seriously. Payroll management and processing can provoke…