Family businesses with articulated strategy strive better than one man businesses that have no concrete strategy. Without a good strategy, the bright business idea will not be passed down the generation and that might mean an end to the business. Most one man businesses metamorphose into family business by bringing in a trusted family member […]

A business continuity plan which is a strategic stance taken by organizations to ensure that normal business activities are restored within the shortest possible time after a disaster has occurred has some components that makes it complete and usable. I have seen all sorts of documented presented by small businesses as business continuity plan. The […]

Whenever the issue of health is mentioned, peoples mind quickly reflect on diseases that affects human body. Well, in as much as this is a natural response, the fact still remains that our finances can be sick and can be in a very bad state of health if we fail to keep an eye on […]

An investor is someone who has access to extra resources that can be put into a venture with the hope of making extra returns. Notice that he or she must not necessarily own the money that will be used for the investment. An investor understands the importance of investing in the development of an economy. […]

The value of a small business largely hinge on the quality of business advisors that input into the decision making process of an organization. An accountant being the professional finance communicators that fluently speaks the language of businesses all over the world knows businesses more than all other business catalysts. The modern day accountants do […]

7 IMPORTANCE OF ACCOUNTING SOFTWARE IN SMALL AND MEDIUM SCALE BUSINESSES The importance of accounting software in small and medium size businesses became one of my favourite topics after spending some time working with small business owners in Lagos, Nigeria. I was surprised to see that some still stumbled along using the complex and inefficient […]

Sometimes, a business owner needs more than a free efile to keep things running smoothly. When this is the case, it is time to find a piece of software that combines all of your accounting obligations into one easy-to-use technology. Finding the best accounting software that meets and surpass the needs of your small business […]

What is investment was on the lips of many people some years back during the dotcom era before the investment community was shaken to its root during the economic crisis. But, the question has dramatically changed to what is a good investment now that the global economic crisis and its adverse effects still stir on […]

Mission statement and vision statements are two phrases that can either stand on their own or be combined as a single document usually called a statement of philosophy. For the purpose of this post, I will explain the two phrases differently. MISSION STATEMENT To start with, I will first of all explain what a mission […]

  You will agree with me that finance is the life blood of every business; big or small. Debt and equity finance are two main categories of sources finance that a company can use. While big and established firms find it relatively easy to raise finance, small firms find it more difficult to raise fund/finance […]

Business gearing and financial gearing are terms used to explain the volatility of a company and its activities. While the business gearing measures the risk that a company will fail as a result of not making enough contribution to cover for its fixed cost, financial gearing on the other hand is used to measure the […]