Learning Annex

200 Digital Start-Ups Vie For Forbes’ $100k Accelerator Programme

Forbes Magazine has selected 200 Nigerian businesses, from different industries, for its digital start-up accelerator programme. The businesses emerged from a review of over 5,000 submissions and a competitive application process. They are currently undergoing a four-week virtual accelerator programme, featuring top speakers, investors and influencers. They include Tom Davis, Chief Growth Officer at Forbes … Read more

How To Set Up The Payroll System For Your Business

As a Small Business Owner, your job description includes ensuring that the people who work for your business get paid as and when due. You must also ensure that the business only pays for work done or service rendered, that the business tracks the hours and days of work or service recorded by the people … Read more

Crowdfunding As Source Of Capital

Crowdfunding is an option for raising money for financing a project or business. It enables the fundraiser to receive money from many people by use of an online platform. Instead of the more common process of getting big amounts of money from a few people, crowdfunding asks thousands and millions of people for small amounts of money, … Read more

8 Questions Investors Ask Before Funding Start-Ups

Many founders, after preparing their business plans and making several pitches, don’t seem able to move their prospects into pulling out their cheque books to fund their projects. This happens even when the project promoters believe they are ready to take their start-up to the market. They believe they have a scalable way to sell … Read more

5 Keys To Unlock An Investable Business Plan

The business plan presents your business to a potential investor or financier. It also represents your best effort as the promoter of the business to clarify your plan for the business. The plan must therefore follow a format that will assist its readers to quickly scan and understand the vital data about your business. For … Read more

How To Budget For Your Project Or Start-Up

A budget is a statement that estimates the income and expenses expected from the future plans and objectives of a business or project. It documents, in financial form, what the owners or managers expect in an upcoming period, in line with the goals for the business or project. A budget is an essential part of … Read more

9 Ways Businesses Make Money

A business is an organisation or entity engaged in commercial, industrial, or professional activities. Regardless of the products being offered or service delivered, continuous cash-flow is needed to sustain a business. For this reason, the Small Business Owner must understand that the primary business of a business is business. That is, making money. The Small Business … Read more

When To Use A Loan To Grow Your Business

Small Business Owners, in the face of the Covid-19 pandemic, continue to grapple with the double challenge of how to survive the lockdown and thrive thereafter. There are also worries that some Small Business Owners may go out of business if they do not get help. Fortunately, there is a growing range of support for them, like … Read more

Covid-19 Crisis: What’s Your Business Continuity Plan?

How does a Small Business Owner keep the business running in the face of the on-going ravage of the Covid-19 pandemic? Our Guest Writer, Segun McMedal, outlines a business continuity plan for your consideration and action. Read on: The first quarter of the year 2020 was very unusual – it was the period the world … Read more

CBN, NIRSAL And Covid-19 Loans: Keep It Simple, Stupid!

The phrase, Keep It Simple, Stupid (KISS), comes from the world of design. Its underlying principle recommends that designs and/or systems should be kept simple. This requires that as far as practical, a design or system should be made simple rather than complex because simplicity remains the fast lane to securing the acceptance of its … Read more