Business owners are gradually warming up to acquiring debt to withstand market volatility. While it’s common knowledge that all types of debt are bad, you can access loans to grow your business. This is also known as leveraging good debt for business growth. In this article, we’ll highlight critical areas you can utilize loans to […]
By exploring a Fixed Investment account, you’re building a stringent financial plan to grow and fund your business. The main goal of creating a Fixed Investment account is to get your savings working for you the right way and set your business for financial growth. At Prospa, our Fixed Investment account empowers you and your […]
As a growing business, it’s safer to invest your funds in low-risk investments. It protects your funds from the harsh terrains of market factors and bolsters your finances for long-term growth. One such investment is Fixed Investments. In Nigeria, Fixed Investments are a reliable means to safely invest your funds without fear of the unknown. […]
When considering investment choices, your main goal as a business owner should be to enhance financial stability for the long term and strategically maximize profits. Nothing goes beyond making profits. It’s a rewarding experience to see your investment returns after your business savings mature. A critical issue some business owners face is how to leverage […]
Do you accumulate your business savings in the hopes of receiving increased profits? While holding savings is considered a safe strategy, your savings doesn’t grow in value. A mistake business owners make is under-utilizing business savings. Saving for unprecedented situations is pertinent, businesses can harness the power of investing for long-term financial stability. You can […]
“Your network is your net worth” — Porter Gale As a business owner, it’s essential to stay up to date on industry trends and equip your business with resources from peers and other business owners to boost success and increase revenue generation. A major way to remain competitive and easily adaptive in the market is […]
As a business owner in Nigeria, you must register your business with the CAC for proper accreditation. To prove the credibility of your business, you need to register your business. There are numerous routes to register your business, which may be time-consuming and expensive. But by registering your business name with Prospa, we do the […]
As an entrepreneur in Nigeria, you need a thick skin to navigate your business for success. The Nigerian Naira is depreciating daily and yet, the cost of production is on the rise. Businesses need to meet the ever-growing demands of their customers and the increase in cost of production. You can only do so much […]
Never have we heard a business owner complain of too much revenue. And of course, too much revenue isn’t a phrase here at Prospa. There’s no limit to how much you can achieve in revenue whether as a small or medium sized business. The main goal is to make money and we’re here to make […]
Don’t open a business bank account with just any bank! Selecting a business bank account to open and use for the day to day running of your business and transactions is an important decision. As an entrepreneur there are several factors you should take into consideration when thinking about establishing a relationship with any […]
