DOING BUSINESS WITH A BIG BUSINESS: Get your foot into the door.

Being able to do business with a large company requires courage, strength and perseverance coupled with a well orchestrated business strategy. Nobody has large funds to push around like very big companies so many small businesses are always chasing them. So, you must be ready for the hot chase from several potential competitors. In order to win the battle and get a deal with a large company, you must show them that you are a serious organization and that you are reliable, in addition to being…

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Corporate Governance Issues In Not-For-Profit Organizations (NFPOs) In Nigeria

Not-for-Profit Organizations (NFPOs) are voluntary organizations that are not state controlled. NFPOs play an important role in bridging the gap between the government institutions, donors, agencies and the communities; organizing poor people, facilitating collective action, representing the poor in advocating for their rights and in some cases supplying basic amenities to sustain livelihood. NFPO’s are an important part of a democratic fabric, driving accountability and responsibility in political leadership. Similarities and Differences between  NFPOs and for profit Businesses in Nigeria. There are a number of similarities…

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First Epistle to Uche Danlami, my ambitious entrepreneur friend, on 1 July 2018

This “epistle” from Wole Oluyemi (@WoleOluyemiCo) to Uche Danlami is one of the structured series of writings from the author on SME business management, corporate governance, finance strategy, tax strategy, market entry strategy, corporate political strategy, financial accounting and financial reporting strategy. This series from Wole Oluyemi, usually referred to as the marketplace evangelist, is to complement the Business Unusual Seminars and the BizUnusual Mentorship Program (BMP) that are being hosted by him, as part of the initiatives of Roedl & Partner to enhance the development…

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Accounting Standards for Not-for-Profit Organisations

Not-for-Profit (NFPs) organisations are entities normally without transferable ownership interests. They are organised and operated exclusively for social, educational, professional, religious, charitable or any other not-for-profit purposes. In a bid to ensure a stronger accountability of this sector, the Financial Reporting Council (FRC) released a Statement of Accounting Standards (SAS) 32 in 2011, an accounting system for churches, mosques and other not-for-profit organisations that will compel them, to report their financial transactions periodically from January 2013. The SAS 32 establishes a uniform basis of accounting and…

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