Burn Rate is an important metric for startups especially venture-funded startups. In this post we will take a cursory look at how to calculate Burn rate, why it matters for your business and how to ensure you live on the positive side of the effecty of burn rate. What is Burn Rate? Burn rate is…
Productivity is a concept that almost everybody is familiar with in one way or another. However, there can be nuances that affect its extent. Startups and business
The ease of doing business is a yearly report by the world bank that reviews certain criteria about doing business in virtually all the world countries and generates a ranking using this data. This is a comprehensive breakdown of the report into easy titbits. it draws information from 15,000 professionals from 190 countries of the…
Startup valuation in Nigeria can be a little tricky considering the a lot of uncertainties that continuously shrouds starting and doing business in Nigeria. However complex this may seem, there are a few ways to arrive at a fairly accurate valuation with regards to the peculiarities that are descriptive of the Nigerian landscape. Setbacks to…
Startup valuation matters to your startup as it determines the proportion in which the shares of the company will be shared either among founders and to investors as they invest in your company Typical Freshly-Minted startups In the United States, most startups are incorporated as Delaware-C corporations and valued at $100 upon registration with 10…
Bootstrapping your business is one route to business success that gets very little attention and is hardly tallked about. This is not minding the fact that several very successful companies that exist today started as bootstrapped entities. Bootstrapping To pursue success with limited resources and with the help of others. Bob Reiss -Bootstrapping 1010 This…
Today, I am sitting in one of the highest citadels of learning in Nigeria and I feel like answering this question that holds the key to the growth of Nigeria Starting a business in Nigeria A business in Nigeria is just like a business everywhere with a bit more difficult policy, power, economic, transportation, and…
Business idea validation remains the first step to starting a successful venture! You might have heard that having an idea is not the best thing that can happen to a startup it’s the execution of the idea that’s paramount. In other climes, Some may have said “Idea is King” and you do believe it or…
“Your brand is what other people say about you when you’re not in the room” -Jeff Bezos A single colour out of place in your brand identity elements could mean the difference between gaining generational customer loyalty and not having a full sale cycle. Which one of these would you buy? You might say the…
The GDP of a nation has a correlation to the size and growth of the startups that exist within its ecosystem. Startups help countries significantly improve their GDP by providing new growth opportunities. Countries with stronger GDPs help their startups find traction fast by providing enabling environments. GDP in this article is regarded as GDP per capita…
