Financial management is a life skill. It is essential in every facet of life, from the individual, to the corporations and the nation as whole. It encompasses the entire process of generating revenue and judicious expenditure to create maximum returns. It involves using one’s money in an efficient manner such that needs will be satisfied.
Revenue is the money...Read more
By Stephen Quarshie
Every business would be funded in some way. It could be from internal or external sources. Funding is necessary for a new business or an old one trying to expand its cooperation. The challenge faced by most business is choosing the right source of finance. This is dependent on the unique situation faced by the business entity. There...Read more
By Chris Nikolov
Often wait for opportunities, but is it worth waiting for opportunities? My answer no, it isn’t. First of all you can’t depend on pure luck, you never know if you will be granted with a great opportunity or not. So why do you want to be dependent on luck?
Instead you could be and should be dependent on yourself....Read more
Borrowing money is a necessity of life. This is especially so for business development and personal emergencies. But loans are never free. There is usually a cost element attached to the facility. This is interest factor. The interest rate on a debt is a very important element in determining its suitable or otherwise.
To borrow or not to borrow is not...Read more
Starting a business is a courageous decision. It is tantamount to venturing into the dark with no guarantees of achieving your objective. It is synonymous with taking control of your destiny, mindful of all the risks and responsibilities involved. Despite the challenge, the following guidelines would help to assure your success.
Always have a plan. Written plan. A good plan...Read more
Amber Venz Box shares her advice for young entrepreneurs. Image: REUTERS/Gonzalo Fuentes
Amber Venz Box has always had...Read more