Financial Advisory

How to Start a Printing Business in Nigeria

HOW TO START A PRINTING/ PUBLISHING BUSINESS By Ayoade Apelegan A printing/publishing company also known as printing press provides a range of services which includes but not limited to; Printing of office document, the printing of educational materials, the printing of souvenirs, branding of vehicles and buildings, the printing of stickers and printing on shirts. To start a printing/publishing company,…

Financial reporting to investors, banks and key stakeholders

  Financial reporting to investors, banks and key stakeholders Since the adoption of the International Financial Reporting Standards (IAS/IFRS) by the Federal Government of Nigeria and subsequently, requiring there usage in the preparation and presentation of Financial Statements by companies, operating in Nigeria, especially those listed on the trading floor of the Nigerian Stock Exchange, there are new challenges and…

Developing and Setting Budgets for SME

Developing and Setting Budgets for SME’S   The term budget is known by almost everyone, but only few know exactly how it is developed, this article provides a step by step approach to budget development. Firstly, what is budget? Budget is a quantitative and qualitative statement of planned incomes and expenditures over a giving period of time, usually monthly, quarterly,…

CHANGE MANAGEMENT (EVOLVING THE COMPANY’S BUSINESS TO DELIVER THE GROWTH STRATEGY

What are the indicators that we need to change our current business strategies, when should we effect the change, how should we implement the change and how often should we change, are some of the most challenging questions that every business owners or managers must provide workable answers to, in today’s business world. The ability to develop, communicate and implement…

WHAT PROFIT AND LOSS MEANS AND ITS CALCULATIONS

The major driving force behind all economic organizations is profit. Business organizations constantly seek for ways to maximize their profit while minimizing their loss. Profit gives owners of a firm the assurance that their firm is effectively managed. Organizations constantly need fund to either invest, acquire more training or to do some other things that requires fund; one of the…

MANAGING WORKING CAPITAL AND UNDERSTANDING CASH VS PROFITS

Any business owner or business manager that seeks growth in business operation must give high attention to Working Capital and must understand the relationship between Cash and Profits, to avoid running out of liquidity, to avoid excessive liquidity, and to be able to honor short-term financial obligations. Firstly, let us explore the literally meaning of Working Capital, Cash and Profits,…

Company Formation in Nigeria

Steps: Engage a Chartered Accountant or Lawyer or Company Secretary to check for the availability of the proposed company name with the Corporate Affairs Commission. We recommend you suggest at least 2 names that are acceptable. If the name is approved, Corporate Affairs Commission will reserve it for 60days and if not approve a notice of denial will be issued…

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