There comes a time when a business needs to upscale by becoming a bigger and better version of itself. The business ecosystem is a highly competitive and demanding one globally. This in fact allows entrepreneurs two options; “Thrive” or “Die”. Mostly the only way to keep a business running is to expand operation. Evidently, the …
I assume you are familiar with borrowing money from family members, friends, cooperative societies, banks, etc. In borrowing these funds, you either promise your friends with words of mouth or a collateral in the case of a bank. This is similar to how a bond works. A bond is an instrument used by governments or …
Given the looming economic crisis and global recession, SMEs are facing tough times, especially those that do not maintain proper books of accounting for their finances. This article aims to enlighten our readers, most especially entrepreneurs, about various financial tools needed to properly run their SMEs. The EU defines SMEs (EC, 2003) as independent micro, …
Small and medium-sized enterprises, also called SMEs are perceived as an integral part of any economy. It is easy to see why as many Fortune 500 companies today started as SMEs. One of the major challenges SME s face is accessing capital for expansion or survival. Lenders tend to provide high lending rates due to …
Broadstreet Financial Review 