Honoured to be named the Content Contributor of the year 2023.
In the world of business, decisions can make or break your success. Relying on gut feelings or intuition alone is a risky strategy in today’s highly competitive landscape.
Effective inventory management requires a balance between having enough inventory to meet customer demand and avoiding excess inventory that ties up capital and stor . . .
Much like employees, data has evolved into the lifeblood of every business, regardless of its size or sales volume, in the 21st century. Within the competitive marketplace, gaining an edge is no longer solely reliant on years of experience; it hinges on the presence of reliable data that guides informed decisions for sustainability and profitability. It’s evident that . . .
The novel energy legislation, Electriciity Act 2023 extends empowerment to individuals, companies, and state governments alike, enabling them to engage in power generation and distribution endeavors.
Streamline processes, eliminate bottlenecks, and automate tasks where possible. This can help reduce labour costs, minimise errors, and improve overall productivity.
. . . the promised initiatives to empower Micro, Small, and Medium Enterprises (MSMEs) and boost the manufacturing sector in Nigeria.
SMEs often have limited resources and financial flexibility compared to larger businesses, making it harder for them to absorb these types of challenges. As a result, they may need to take proactive steps to manage their costs and increase their revenue.
As a measure of goodwill and in line with relevant provisions of the Companies Income Tax Act, FIRS has extended the due date to 31st August, 2023.
Instead of counting solely on your cash flow, I encourage you to prioritise living off your profit. Cash flow refers to the inflow and outflow of cash in your business, and it doesn’t necessarily indicate your profitability.