WHY BALANCE SHEET IS A VALUABLE TOOL FOR SMALL BUSINESS A balance sheet is a financial report that provides a summary of a business’s position at a given point in time, including its assets (economic resources), its liabilities (financial debts or obligations), and its total or net worth. A balance...
Business
ENTREPRENEURIAL COUPLES: THE GOOD, THE BAD Many small business enterprises are co-owned and co-managed by entrepreneurs who are also partners in their personal lives. These partnerships, which commonly take the form of husband/wife teams, can be immensely positive experiences, strengthening each other’s commitment to and enjoyment of both the business...
WHY ENTREPRENEURS AND SMALL BUSINESS OWNERS MUST DEVELOP COMFORTABLE RELATIONSHIP WITH A BANK Small business is the fastest-growing business of the world economy. As a result, more and more commercial banks are creating special products and programs designed to attract small business customers. It is vitally important for entrepreneurs and...
WHEN EQUITY BECOMES NECESSARY FOR BUSINESS GROWTH Equity financing is a business strategy for obtaining capital that involves selling a partial interest in the company to investors. The equity, or ownership position, that investors receive in exchange for their funds usually takes the form of stock in the company. In...
WHEN INSUFFICIENT DUE DILIGENCE PROCESS CAN HAVE PROFOUND CONSEQUENCES FOR A FIRM Due diligence is a program of critical analysis that companies undertake prior to making business decisions in such areas as corporate merger/acquisitions or major product purchase/sales. The due diligence process, whether outsourced or executed in-house, is in essence...
WHEN DIVERSIFICATION BECOMES THE BUSINESS OPTION Diversification is the process of entering new business markets with new products. Such efforts may be undertaken either through acquisitions or through extension of the company’s existing capabilities and resources. The diversification process is an essential component in the long range growth and success...
HOW TO SECURE DEALERSHIP AND DISTRIBUTORSHIP Distributorship and dealership are in essence a license to distribute a product. Both dealers and distributors work with a manufacturer to get its goods to the buyer. Both dealers and distributors have a continuing relationship with the licensor of the product, but do not...
Federal Government of Nigeria and the Cooperate Affair Commission (CAC) has award contract of Free Business Name registration to some Aggregators and Focal Persons to register 250,000 businesses for free across the 36 states and F.C.T Abuja. The businesses will be registered under the CAC Business Name registration package which...
HOW BRAINSTORMING CAN PROVIDE SOLUTIONS TO BUSINESS PROBLEMS Brainstorming is a group problem-solving technique that is intended to help members develop innovative new approaches in an unthreatening environment. Brainstorming in its most basic form involves stimulating all the members of a group to express a variety of ideas, which are...
HOW AUTOMOBILE LEASES WORK Leasing an automobile is an alternative to purchasing that usually enables consumers to pay lower up-front costs and make affordable monthly payments. At the end of the lease period, however, the consumer does not own the vehicle. Instead, consumers opting for automobile leasing arrangements pay for...
