Starting a business or managing an existing one is primarily centered on the concept of providing solution to identified problems. There are different schools of thought about the process of solving business problem. Some believe that the ability to be an effective problem solver is dependent on an individual’s I.Q., while others believe it’s a […]
One of the challenges small businesses face today is in handling Government’s revenue agencies and collectors. It is even more frustrating that there is little information available when it comes to the levies and taxes that are due to the third arm of Government, i.e. The Local Government. Most people find out when they get […]
One of the biggest concerns and challenge Small Business owners worry about daily is how to grow their businesses without losing focus, falling apart, and also remain profitable. It is common place to find entrepreneurs trying to do everything themselves because of the fear of having an employee messing things up for them. Most owners […]
“Company A” – A real business scenario. “Company A” is a retail business that has been in operations for 3yrs. During the first 6 months of operations the company experienced steady growth in all areas which led to hiring a number of employees into different departments and functions including an accountant to help capture transactions and […]
Whether your business is a startup, mid stage or well established, you will always have the need to consistently ensure that your financial records are in order, notwithstanding if you are an accountant or not. As the end of the financial year or Tax season approaches, most business owners and accountants starts trying to put […]
One of the biggest problems most SMEs encounter as their business grow is that they don’t easily realize when their small time hustle has turned into a fast growing business. When the business is smaller, they easily manage all tasks without being overwhelmed. But when it starts to grow you hear common complaints by SMEs […]
In today’s world, we come across numerous success stories of entrepreneurs starting their businesses, the teething problems they faced and making a major impact in the space they operate. It can be very tempting in these tough times to believe that starting up a business is the next solution to your financial problems. And you […]
There are so many people with great business ideas. But unfortunately not all great ideas will eventually end up becoming successful businesses. Below are a few tips to guide young entrepreneurs to success. BELIEVE IN YOURSELF The first step to running a successful business is to ensure that you have enough faith in yourself. If […]