Effective management of personal finance
Personal finance relates to all aspects of managing personal and family finances that ensure better control of funds to meet current and future personal and family needs. The aspects of managing finance include planning, raising, saving, spending, investing and securing income. You should, therefore, have a plan or guide to help in managing the above […]
How to enhance your saving culture
Some people have high monthly consumption or expenditure levels which cannot be supported by their regular income streams. The people whose regular income falls short of the regular expenditure are said to be living beyond their income. When you live beyond your regular income, you are bound to borrow from financial institutions or friends in order to […]
Why should the business be financed with loan capital?
It is acceptable business practice to finance your business with loan capital provided you can prepare a bankable business case. The financial institutions tend to lend to businesses with bankable business ideas or projects. You should however be 100% prepared with all the details of your project before you approach a financial institution for loan […]
The Capital employed in the business is not free
Capital is the total of the financial resources in cash or kind available for use in business by the organisations. The capital is used to acquire fixed assets, and to provide for working capital. Capital either in cash or in-kind is necessary in starting any business venture. Capital is necessary to acquire equipment, engage […]
You can earn extra income from your excess cash
It is normal for all business organisations to experience seasonal variation in their volume of business which result in either positive or negative impact on the available cash resources at any given time. There is a tendency among some organisations to rush to the bank for an overdraft when the organisation start showing signs of […]
Idle Cash
Companies experience seasonal variation in their business activities which impacts on cash resource of the company. The cash is optimally used when business is in peak season and when the business is low , the cash resources are held on the bank account and business safes. Idle cash is therefore the cash in excess of […]
You must have a bankable project in order to access funding
In business venture you reach a phase when you must have some money to acquire certain resources. For example if you are putting up a factory you need money to buy land or to pay professional advisors and contractors or money to buy raw and equipment to put in the factory. You can access money […]
Equity Group has announced plans to acquire a DRC Bank
Equity runs ahead of rivals with takeover of DRC bank…………….read more
Lacking capital is flimsy excuse for not succeeding in life
Capital is the money or other assets you can use to start a business. The money can come from various sources including personal savings, inheritance, family and borrowing. You can borrow from friends, family, savings and credit societies and banks. Many people who have succeeded in life did not have much capital in money to […]