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Credit Utilization: Should I use it all?
After receiving credit from Yana, what next? Do you have to use it all up? Credit is a very important tool that fuels your business growth and provides financial flexibility. However, there is a misconception that credit must be utilized all at once, similar to bank loans. In this blog post, we want to educate…
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5 Ways to Get Out of A Breakeven
Breakeven is simply a point in your business where your business profit = business expenses. You’re not making any money, but neither are you in debt. It can be a difficult point for any business to be in because the business is just stagnated. At this stage, the business is not growing but is also…
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Managing Your Personal Finances as a Business Owner
Running a business affords a business owner a certain level of flexibility that working a 9-5 job does not. This flexibility can look like having more time for yourself and having the freedom to make decisions without prior consultations with anyone. But while this flexibility exists, business owners do not have the security of a…
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Small Businesses you can start with 100k or less in Nigeria.
With 100,000 or less, anyone in any part of Nigeria can begin a business. Thanks to improvements in logistics and delivery, tech and social media, most businesses don’t require a physical location to begin. Whether you’ve been looking to start a business of your own, or you’re a 9-5 worker who would like to have…
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Five ways to avoid falling into a debt trap
To ensure that your business stays afloat, situations that would require that you take up a loan might arise. These loans could either be long-term or short-term. As you take advantage of the numerous credit offerings available to you, it is vital that you are aware of the dangers associated with excessive borrowing and having…
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Taxation 101: What every business owner should know about taxes
As a small business owner in Nigeria, conversations about taxation usually come off as rocket science. This can be attributed to the lack of enough information concerning the forms of taxes that small and medium scale businesses owners should be aware of. In this article, we will walk you through the basics of taxation, how…
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Secured vs Unsecured business loans: What you should know
As a small business owner, when the need to apply for a business loan arises, you must be aware of the types of business loans available to you. There are two categories of business loans, namely, secured and unsecured business loans. This article will discuss the pros and cons of these types of loans and…