Risk Assessment Framework for Your Business …
Blog Posts
Many founders and CEOs no longer trust their strategic plans, however, they dread starting afresh to develop a new business plan. Strategy refresh, although not a popular term simply solves this problem. With a business strategy refresh, company owners and managers have the liberty to regularly hit the refresh button on their strategy until it is time to develop a new one. Do you think your business strategy is flawed? Every smart business leader is required to evaluate the performance …
Documentation is of key importance to sourcing funds for your business. The process, although time-consuming demonstrates the real financial character of your business to the potential investors/lenders. Its ability to summarize and tell the story of your business helps investors and lenders understand the journey of your business from its origins to today and beyond. Before approaching any investor/lender it is important to ask yourself, Is my business fundable? SMEs trying to secure funding for expansion, often run into difficulty …
Many companies in Nigeria are not prepared for a succession emergency, and many more are unaware of the consequences of having no Succession Plan. A founder who suddenly dies without a succession plan generates a shock that the business may never recover from. It is alarming that many organizations depend on a last-minute hiring process to fill in vacant leadership positions. This is an unconscious hindrance to business survival. Here are some risks associated with not having a succession plan …
Do you know that many businesses in Nigeria do not make it to the next generation because they do not have a succession planning strategy? What Is Succession Planning? Succession planning is the strategy for identifying and developing future leaders for major roles at all levels in your company. There have been many cases of skilled old leaders resigning, retiring or dying without a successor to take on their role effectively. Is your company prepared for succession emergencies? Under the best circumstances, surviving …
Best Cryptocurrencies To Buy In May 2021 Now that you’re armed with all the important information you need to know to make a cryptocurrency investment, here are the top 10 cryptocurrencies for you to choose from. 1. Bitcoin The king of all cryptocurrencies, Bitcoin, is the first of its kind to have the highest liquidity value. This cryptocurrency aims at becoming a fully decentralized, global, peer-to-peer digital cash with no regulations. Despite the volatile nature of the market, Bitcoin is the most …
Following the explosive rise of their price and popularity, cryptocurrencies have come under increased scrutiny from governments and regulatory bodies. Although the legislative field is still playing catch up with respect to players in the virtual currency arena, there have been enforcement actions and a renewed focus on the regulation of crypto activities and participants. Most notably, the appointment of Gary Gensler by President Biden on April 14, 2021, as the new Chairman of the Securities and Exchange Commission (SEC), commences …
The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update (NDU). The report, “Nigeria In Times of COVID-19: Laying Foundations for a Strong Recovery,” estimates that Nigeria’s economy would likely contract by 3.2% in 2020. This projection assumes that the spread of COVID-19 in Nigeria is contained by the third quarter of 2020. If the spread …
Nigeria’s economy unexpectedly came out of a recession in the fourth quarter as growth in agriculture and telecommunications offset a sharp drop in oil production. Gross domestic product grew 0.11% in the three months through December from a year earlier, compared with a decline of 3.6% in the third quarter, the Abuja-based National Bureau of Statistics said on its website on Thursday. The median estimate of five economists in a Bloomberg survey was for a quarterly decline of 1.86%. The …
In the last six months, the crypto economy experienced significant milestones, fueling the record surge of the digital asset; and the industry is expected to preserve momentum even after rallies come to an end. Although we only just entered the second quarter of the year, we have seen a number of noteworthy developments in the field of cryptocurrencies, some of which are highlighted below. On April 20, 2021, Venmo announced it is adding crypto support to its platform, joining the long list …
Cryptocurrency is the hottest new trend in the investing world. Although digital currencies have been around for over a decade, they have exploded in popularity over the past few months.. Bitcoin has been setting records this year, reaching a peak of around $63,000 in mid-April. Other cryptocurrencies like Dogecoin and Ether have also been gaining popularity as investors scramble to jump aboard the cryptocurrency bandwagon. It’s possible to make a lot of money investing in cryptocurrencies, but it’s also possible to lose a lot of …