Tips On How SMEs Can Survive The COVID19 Pandemic.

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Several days back, I was invited to join an Instagram live session with the legendary @UwemUwemakpan. Umem is a startup coach and speaker who seeks for ways to support entrepreneurs and business startups. He shared some tips on how Small to Medium Enterprises can survive this pandemic. It turned out to be a really interesting session. For one thing, we unanimously agreed that it would be difficult to estimate how long the pandemic would be on for. …


A young man sits and smiles while using his laptop.
A young man sits and smiles while using his laptop.
Photo by Oleg Ivanov on Unsplash

It is no longer news that lots of businesses have been shut down, several countries have implemented a lock down to curb the spread of the deadly coronavirus COVID-19. People are being asked to self-quarantine and maintain social distancing to avoid the further spread of the disease.

However, be not weary, “tough times never last but tough people do”. There is plenty of free time to do what you’ve always wanted, therefore take advantage of it.

Listed below are a couple of awesome self-improving activities you can do this period:

Take Online Courses and Learn New Skills

Learning a new skill or taking online courses is a good way to invest in yourself. Here are sites to take Free Online Courses on: Udemy, Coursera, iTunesU Free Courses, edX, CodeAcademy, Standford Online, Codeacademy, TED-ed, Khan Academy, HubSpot etc. with these you can learn photography, design, personal development, personal finance and so much more. …


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pixabay.com

Debts commonly referred to as ‘gbese’ in Nigeria is a term used when a person defaults in paying back money owed over a period of time. Money that may have been borrowed to settle an urgent need, meet up with daily expenses, business requirements, financial deficiencies, etc.

However, there are good debts and bad debts. What then is the difference? A simple rule is — if it increases your net worth or has future value, it is good debt, but if it does not, and you don’t have cash to pay for it, then it’s bad debt.

Good debt, is money that you borrow for an investment that will grow in value or generate long-term income. An example is a student loan, you obtain a college degree and begin to earn when you get a job. Home mortgages should fall into this category as well. …


A budget is an estimate of income and expenditure for a set period of time. It may also include planned sale volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. Companies, governments, families and other organizations use it to express strategic plans of activities or events in measurable terms.

A budget gives you specifics of where your money goes, which in turn prevents unnecessary expenses.

Creating a budget is important to track your expenses, however sticking to one is most important.

A budget plan would keep you off debts or help you work your way out of one if you currently have one. …


You have probably heard the word budget one too many times and maybe you have little knowledge of what budgeting is about but like many, you still cannot grasp the concept enough to actually have a budget.

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No worries, on this post we will talk about everything you need to know about budgeting. First, what is a budget? A budget is a plan of how you spend your money, hence budgeting is the process of creating a plan to spend your money. …


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Financial Discipline

What is financial discipline? Financial discipline refers to how well you are able to follow through on those spending and saving plans you have set to achieve your financial goals. This definitely looks easier on paper than it is in real-life situations. As every day, we are faced with making choices between one purchase or the other.

Think of it, the reason you probably do not have a Gucci shoe is that you had to save up for your next course or buy that land or for future purposes, you had to sacrifice one need over the other. …


Let’s talk about those goals you have and how to meet them. Thinking of it, it is ok if you haven’t set your goals for the year, hopefully, after reading this, you would have that set and ready to go. You may ask, what is a financial goal and why do I need one?

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Money Matters

Well, financial goals are objectives you set for how you intend to save and spend money based on your earnings. Financial goals are personal and vary from one person to the other, the same as reasons for setting the goals. …

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Credit Warehouse

Promoting positive credit culture across Africa.

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