Articles tagged "profit"
18 articles
The Hidden Drain: 5 Ways Nigerian SMEs Lose Cash Without Noticing
Most Nigerian SMEs do not fail because sales are low. They fail because cash quietly leaks out every day. These …
The ₦100M Tax Threshold: What Nigerian Founders Must Know
Hitting ₦100M in revenue sounds like a milestone. And it is. But under Nigeria’s new tax framework, it can also …
Founder Salary: How to Pay Yourself Legally (and Tax-Efficiently)
Founder salary is one of the most uncomfortable topics in early-stage businesses. Many founders delay paying themselves out of guilt, …
The Co-Founder Equity Split: Handling Finances When Partners Separate
Co-founder equity split conversations rarely happen calmly. What starts as a shared dream can slowly turn into tension, silence, and …
Profit Margins: Identifying Which Product Line Is Actually Making Money
Profit margins tell a very different story from revenue. Many founders celebrate strong sales numbers while quietly losing money underneath. …
How to Price Products and Services for Profit (Without Guessing)
Pricing is one of the fastest ways to kill a business, or make it wildly profitable. Many founders underprice because …
How to Use Simple Spreadsheets or Zaccheus to Track Business Income and Expenses
When Aisha started her baking business in Lagos, she wrote down sales in a notebook and trusted her memory for …
Starter’s Guide to Profit and Loss for New Entrepreneurs in Nigeria
When Tope started his small logistics business in Ibadan, customers were paying, expenses were going out, and everything looked fine. …
Business vs Personal Money: Why Every Entrepreneur Should Separate Their Accounts
When Tunde launched his small skincare brand from his living room, he used one bank account for everything like transport, …
How to Keep Track of Every Naira as a Nigerian SME
Most Nigerian SMEs lose money without noticing it. Small leaks eventually become big financial problems. The good news is that …
The Role of Technology in Financial Inclusion for Nigerian Entrepreneurs
Financial inclusion is a cornerstone of economic growth, yet many Nigerian entrepreneurs have historically faced barriers to accessing banking, loans, …
The Importance of Financial Transparency in Startup Growth
For startups, growth isn’t just about gaining customers or increasing revenue, it’s also about building trust. One of the most …
How to Build a Business Budget for a Product Launch
Launching a new product is exciting, but without a clear financial plan, it can quickly become costly and chaotic. Many …
The Pros and Cons of Outsourcing Your Accounting Functions
Managing the finances of a business can be complicated, especially for small and medium-sized enterprises. From payroll to taxes and …
How to Stay Profitable During an Economic Downturn
Economic downturns are tough. Sales slow, costs rise, and uncertainty looms. Many businesses struggle to survive, while others not only …
How to Track and Improve Your Business Profit Margins
Every business owner loves the idea of making more money, but real success is not measured by how much you …
How to Prepare Financially Before Expanding to New Markets
Expanding your business into a new market is exciting, but it can also be risky. Imagine pouring resources into growth, …
How to Conduct a Financial Health Check on Your Business in 10 Minutes
Most founders want to understand the financial health of their business but rarely have the time for long reports. A …