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5 Small Business Financing Options to Fuel Your Growth
When running a small business, securing the right financing can make all the difference in scaling your operations, managing cash flow, and seizing growth opportunities. Navigating the plethora of financing options available can be daunting, but understanding your choices is the first step toward making an informed decision. Here, we explore five small business financing…
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Why Do SMEs Fail in Nigeria?
Small and Medium-sized Enterprises (SMEs) are the backbone of Nigeria’s economy, contributing significantly to employment and economic growth. Despite their importance, the failure rate among SMEs in Nigeria is alarmingly high. According to recent statistics, about 80% of SMEs in Nigeria fail within the first five years. Understanding the reasons behind these failures is crucial…
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How to brand your business in 2024 (steps + examples)
Consistent and professional branding builds trust between businesses and consumers
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How To Create An Account On Yana
Getting started on Yana is easy. A recap to what Yana does — Yana provides financing and financial management for small businesses — think everything you need to organize, understand and access finance for your business. Now, let’s get you started on creating an account on Yana. The best way to enjoy Yana is on…
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Understanding Minimum Balance
What does minimum balance mean at Yana? Minimum balance is more or less a fixed amount that is locked for an indefinite period of time and earns a yield for you and doubles as the cash collateral for credit accounts You don’t need to want a credit account to use the minimum deposits, but you wouldn’t…
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Why Dr. Dedun quit medicine to start Dedun’s cakes
If you have been fortunate enough to try one of Dedun’s cakes, like me, then you would understand why I am this ecstatic. In this article, the CEO of Dedun’s cakes, Dedun Oluwo, talks about how she transitioned from being a medical doctor to owning and managing a cake/pastry business in Lagos,Nigeria. I mean, what…
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Wholesale Business Ideas You Can Start With 5-10 Million Naira in 2023
Looking for new business ideas within a budget of 5-10 million Naira in 2023? Discover the potential of wholesale businesses as we explore profitable opportunities in this blog post. Whether you are a serial entrepreneur, or just starting, these budget-friendly wholesale ideas can pave your path to success. Criteria for Choosing Profitable Wholesale Businesses Selecting…
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The Hilda Baci Story: 3 Key Lessons For Business Owners
Chef Hilda Baci embarked on a journey to break the world record for longest cooking time. What lessons can business owners across Nigeria learn about 2 years of hardwork and 100 hours of sheer determination?
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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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Yana X Camera Joints
Some weeks ago, we had the opportunity to partner with @camerajoint to help photographers pay for gadgets and cameras that they need to scale their business. We’re so happy to help photographers and other business owners across Nigeria get the funding they need to purchase assets to help grow their businesses. While business owners can…