Fixed Investment account provide an avenue for business owners to utilize their business savings and maximize their profit generation. To reap high returns on investment, business owners need to avoid critical factors that could potentially lower their chances for long-term rewards. Here are five mistakes to avoid with Fixed Investment account: Maximizing profits is an […]
The idea of taking a loan is alluring for many business owners. They’re fast to approach loan lenders and financial institutions but lack the viable criteria and knowledge about business loans and how it works in Nigeria. Due to the volatility in economic landscapes, loan lenders take utmost rigid standards. Sometimes, business owners plunge themselves […]
Do you accumulate your business savings in the hopes of receiving increased profits? While holding savings is considered a safe strategy, your savings doesn’t grow in value. A mistake business owners make is under-utilizing business savings. Saving for unprecedented situations is pertinent, businesses can harness the power of investing for long-term financial stability. You can […]
Don’t open a business bank account with just any bank! Selecting a business bank account to open and use for the day to day running of your business and transactions is an important decision. As an entrepreneur there are several factors you should take into consideration when thinking about establishing a relationship with any […]
We’ve intensified our mission to empower entrepreneurs in building financial prosperity and last year we spent a considerable amount of time talking to our members about what they need to grow. One topic that is always discussed and highlighted as important is access to capital, whether that be equity or debt, entrepreneurs are always […]
The saying “cash is king” may soon be a thing of the past in Nigeria as CBN has set a maximum limit for cash withdrawals. In a circular addressed to all banking institutions, the Central Bank of Nigeria (CBN) set a maximum limit for over-the-counter withdrawals to N100,000 a week for individuals and N500,000 a […]
The key to a successful business is figuring out how to grow it from day one. When you take the bold step to start your business, you figure out how to get your first buyer. When you get that first buyer, you figure out how to get the next one, then the next five, the […]
Christmas is a very important time of the year for businesses, large and small. It’s an opportunity to reach more people and increase cash flow. Because it’s a holiday for most buyers, they’re usually relaxing and scrolling away on their phones. So, as a business owner, showcasing your products or the services you provide online […]
An essential step in managing and expanding your business is frequently securing small business funding. But how can you decide which option to choose when there are so many small business lenders to pick from? Here are some of the most crucial factors to consider before submitting a small business loan application. Is the lender […]
Prospa offers small business owners a short-term lending option to cover emergencies and opportunities to scale their business that require no exorbitant upfront payments, lengthy approval waiting times, or collateral. At Prospa we are on a mission to empower African businesses toward an industrialization revolution that we believe holds the future for our great continent […]
