The Business Builders Newsletter

Dear reader,

BLOG

Growing Your Small Business In 2024: Thrive, Not Just Survive

Small businesses face a distinct set of challenges and opportunities.

While big businesses might have brand recognition and resources, agility and adaptability are the hallmarks of thriving small enterprises.

As a small business owner, navigating the always-evolving landscape can feel like riding a rollercoaster. Embracing the latest trends and developments is crucial for small business owners to achieve not just survival, but significant growth.

But fear not, fellow entrepreneurs! 2024 promises exciting new currents and potent strategies to propel your venture towards success.

Let’s delve into the trends shaping the year ahead, focusing on maximising your entrepreneurial opportunities.

NEWS & TRENDS

Small Businesses To Be Exempt From Paying Withholding Tax In New FG Reform

The chairman of the presidential fiscal policy and tax reform committee, Mr Taiwo Oyedele has disclosed plans to review the national withholding tax laws to exempt small businesses from paying withholding taxes.

He disclosed this during a meeting with trade associations and non-government organisations, including the Civil Society and Religious Organisations.

START YOUR BUSINESS

7 Hiring Do’s And Don’ts For Your Small Business

When hiring employees for your small business, it’s important to make the right choices.

This can lead to increased revenue, new opportunities, and a better work environment.

However, hiring the wrong person can be costly. It involves expenses for recruitment, training, and compensation, and making too many mistakes can affect cash flow, limit business growth, and put extra pressure on other employees.

MANAGE YOUR BUSINESS

Small Business Bookkeeping: How To Get Started

When it comes to setting up bookkeeping for a small business, there are tons of software to choose from.

These accounting software products can simplify tasks such as transaction categorisation.

However, it’s crucial to have a good understanding of what’s going on behind the scenes. The process starts with ensuring that your accounting software is correctly set up.

GROW YOUR BUSINESS

How To Improve Your Corporate Culture And Boost Your Bottomline

The power of culture in business finds expression in the saying that culture eats strategy for lunch. Translation: In a clash between culture and strategy, culture always wins!

Corporate culture is the shared set of values, beliefs, assumptions and behaviours that characterise a business. It is the unwritten code of conduct that guides how employees interact with each other, with customers and with the outside world.

Often referred to as the “personality” of the business, corporate culture is the “unwritten rules” that govern how people interact with each other and with the business.

SME TV

BUSINESS ACCELERATOR

The Business Builders Accelerator Programme

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Our seasoned business expert will guide you in transforming your business from a job into a thriving enterprise that grants you the freedom you deserve.

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BOOKS

The Small Business Handbook

Want to set your small business on a solid footing in 2024?

The Small Business Handbook is your ultimate guide.

Whether you're an experienced professional or just starting out, this e-book is packed with invaluable insights on market research, legal compliance, and marketing, that will set you apart as a business owner in Nigeria.

With the help of this guide, you can confidently shatter your goals and become a true business mastermind.

So what are you waiting for? Get your copy of The Small Business Handbook today and take the first step towards entrepreneurial triumph!

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