Role of Startups in Economic Development
Startups are usually the brains behind the introduction of new products and services, and innovations that are usually commercialized.
The Rise of Agtech Startups
Agtech generally refers to businesses/startups that combine a bit of both the agriculture and technology to achieve its goal. More Specifically, Agtech refers to processes that combine that improve agricultural activities by introducing technological advantage. These startups that combine technology to their agricultural advantage have risen to the occasion and began to develop platforms and…
Importance of Cash Flow in Business
Cash flow is an important point of concern for any business that wants to stay afloat or expand. This post Importance of cash flow in Business is an in-depth study of the benefits of evaluating cash flow in businesses What is Cash Flow? The cash flow statement records the amounts of cash and cash equivalents…
How to Calculate Burn Rate
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…
Business Lessons From Nature: Waiting For Maximum Productivity
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
Ease of doing Business in Nigeria 2020
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| Africa: Setbacks on the path of a Unicorn Valuation
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…
Early Stage Startup Valuation Explained: Vesting, Convertible notes, Preferred shares and other concepts
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: The under-rated route to business success
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…
Starting a business in Nigeria|Ibadan |Lagos: The Ultimate playbook!
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…