For small businesses, cash is king. You need it to start, operate and expand your operations but many business owners often have trouble managing and maintaining appropriate levels of cash. Inaccurate cash flow statements or lack of available cash can affect not only your business’s everyday operation but also outside factors like loan eligibility.
The first act of entrepreneurship is formalizing a business plan for a prospective company. Business plans, which serves as something of a roadmap for how a founder will turn an idea into full-fledged business, typically include information like an executive summary, a market analysis and financial projection. Business plan can be vital for entrepreneurs
There is less risk to buying a franchise business than starting a business from scratch because the business model has been tested. As a franchise unit owner, you have a built-in advisory board in the management staff of the umbrella franchise organisation. We must realize that owning your franchise can be a great way
Knowing the size of the economy is very important to planners and policy makers. Gross Domestic Product connotes the size of country’s economy and it is measured in term of monetary value of all the finished goods and services produced within a country’s border in a specific time period. Rebasing of Nigeria GDP is