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Ajibola Jinadu



Effective Debt Management Strategies for SMEs

Effective debt management in SMEs is vital for growth and stability, requiring a balance between strategic borrowing and careful planning to avoid high-interest pitfalls and ensure financial health.
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10 Steps to Optimize Your SME Financial Processes

Elevate your SME using myCFOng's 10-step approach: refine financial processes, boost operational efficiency, slash expenses by 20%, and foster business expansion through meticulous financial process optimization, smart automation, and ongoing...
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How Data Analytics Can Transform SME Trade Payables

Data analytics are an essential tool for small businesses, aiding in optimizing trade payables, managing cash flow, fostering strong supplier relationships, and detecting fraud. Additionally, they play a strategic role...
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All You Need to Know to Master Project Accounting in your SME!”

Project Accounting is vital for Small and Medium Enterprises (SMEs) to manage project finances, assure their viability, and guide smart resource utilization. It involves principles of transparency, consistency, accuracy, timeliness,...
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Why ERP Systems are 10x better than Accounting Software for SMEs

Enterprise Resource Planning (ERP) systems offer significant advantages over standard accounting software for SMEs, as illustrated by finance expert Ajibola Jinadu. ERPs provide integrated solutions for multiple business functions, enable...
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Price it Right: Uncover the Perfect Product Costing Blueprint for SMEs!

The article provides an in-depth guide on product costing for SMEs. It explains the importance of accurate product costing, challenges SMEs face in it, and reviews different traditional and modern...
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What’s the Secret to Achieving Break-Even Brilliance for SMEs?

Discover the essence of Break-Even Analysis for SMEs as it acts as the gateway to achieving profitability. It is crucial for every Small and Medium Enterprise (SME) to understand their...
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How to Optimize 6 Essential Business Expenses for SMEs

This article discusses key strategies for small and medium enterprises (SMEs) to effectively manage their business expenses including cost of goods sold, R&D costs, operating costs, interest, depreciation, non-operating costs,...
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Debunking Common SME Capital Structure Myths

1.0. Introduction: Unravelling SME Capital Structure Myths In the dynamic world of SMEs, there’s misinformation that often goes unnoticed: capital structure myths. These misconceptions can sidetrack even the most robust...
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The SME Asset Management Guide You Can’t Miss!

1.0. Introduction to Asset Management: Unlocking Value 1.1. The Spectrum of Assets in Business Assets, tangible like machinery or intangible like patents, are crucial for any business. They bolster a...
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5 Innovative Inventory Management Strategies for SMEs

1.0. Introduction to Innovative inventory management Inventory management is crucial for Small and Medium-sized Enterprises (SMEs). It affects cash flow, customer happiness, and success. As supply chain demands shift, SMEs...
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How to Tailor Your SME’s Business Financing Strategy for Success

1.0. Introduction to Business Financing 1.1. The Integral Role of Capital in Business Evolution Business financing or Capital is the cornerstone of business growth. For SMEs, securing the right amount...
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Mastering Operating Cash Flow: A Comprehensive Guide for SMEs

1.0. Grasping Operating Cash Flow: A Lifeline for Business Cash keeps businesses alive. Operating Cash Flow (OCF) tells you how healthy your business is. This chapter discusses OCF, why it...
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Avoiding Excess Inventory in SMEs: A Comprehensive Guide

1.0. Introduction 1.1. Why Avoiding Excess Inventory Management Matters for Small Businesses For Small and Medium-sized Enterprises (SMEs), keeping the right amount of stock is crucial. Avoiding excess inventory helps...
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A Behind-the-Scenes Look: 12 Vital Financial Metrics to Assess and Advise SMEs

1.0. Introduction: Why Financial Metrics Matter for SMEs In the world of business, financial metrics are essential tools for SMEs. These metrics provide insight into a business’s health. They also...
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The Comprehensive Guide to SME Pricing Strategies

1.0. Introduction to SME pricing strategies 1.1. The Price Puzzle: A Stumbling Block for SMEs One challenge that stands tall for SMEs is pricing. It is not merely about covering...
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10 Essential Steps to Implement FP&A Strategies for Small Businesses

1.0. Introduction 1.1. The Importance of FP&A for Small Businesses Financial Planning and Analysis (FP&A) helps companies, big or small, plan for the future. Small businesses especially benefit from FP&A...
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7 Underrated Benefits of Strategic Capital Expenditure

1.0 Introduction 1.1. What is Strategic Capital Expenditure? Capital Expenditure, or CapEx, is money a business uses to buy or improve physical assets, like property or equipment. It is not...
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Why Traditional Cash Flow Management Might Be Killing Your Business

1.0. Introduction 1.1. Traditional Cash Flow Management Traditional cash flow management aims for stability, ensuring more money comes in than goes out. It’s straightforward and predictable, ideal for small and...
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10 Easy Ways to Digitally Transform Your Small Business Finances

1.0. Introduction to how to digitally transform your finances 1.1. Embracing Digital in Small Business Finances The digital age has revolutionized how we operate daily. For small businesses, to digitally...
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Mastering Inventory Valuation: A Comprehensive Guide for SMEs

1.0. Introduction 1.1. Why Inventory Valuation Matters Inventory valuation is essential for small and medium businesses. It goes beyond counting stock and involves making decisions that impact profits, taxes, and...
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The Comprehensive Guide to the Loss-Leader Strategy for SMEs

1.0 Introduction to the Loss Leader Strategy 1.1. What is the Loss-Leader Strategy? Businesses are constantly finding new ways to boost sales. One popular method is the Loss-Leader Strategy. Here,...
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Navigating Buy or Lease Decisions for SMEs

1.0 Introduction to Buy or Lease Options Every Small and Medium Enterprise (SME) faces the crucial decision of whether to buy or lease assets. This choice affects its financial health...
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The Comprehensive Guide to Modern SME Accounting

Chapter 1: SME Accounting Basics Small and Medium Enterprises (SMEs) rely on accurate accounting. It’s not just about tracking money but guiding growth and long-term planning. As SMEs operate in...
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The Crucial Role of Financial Literacy in Today’s Workplace

1.0 The Rising Need for Financial Literacy in the Workplace Businesses today need their employees to understand finances. This is not just for company decisions but also personal financial well-being....
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The Comprehensive Guide to Finance Talent Management for SMEs

1. Introduction 1.1. Understanding the Critical Role of Talent Management in Finance Finance Talent Management in today’s business world is more than just hiring individuals who are good with numbers....
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Digital Finance Talents Acquisition and Retention: The Emerging Challenge for SMEs

Chapter 1. Introduction 1.1 The Digital Era: Impact on SMEs The technology space is changing in the digital era, affecting even SMEs. Machine learning, AI, and data analytics are impacting...
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Driving Business Growth with Human-Led Finance Transformation

1.0 Introduction: Moving Forward with a People-Focused Strategy in Financial Changes At myCFOng, we trust in human-led finance transformation to modernise business operations. Harnessing the potential of your workforce is...
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Digital Finance Talent: The New Frontier of Growth for SMEs

1.0 Embracing the New Normal: Digital Finance Talent Digital technology is transforming the finance world in this fast-paced era of change. SMEs must ensure that everyone can adapt and thrive...
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Step-by-Step Guide: Implementing a Revenue Diversification Strategy for SMEs

1. Introduction: Understanding the Need for Revenue Diversification Small and medium-sized businesses need to earn money from multiple sources. This is to protect themselves from changes in the market and...
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How SMEs can implement profit maximisation financial strategies

Introduction SMEs need strong financial strategies to help them through tough times and stay competitive. One good strategy is to focus on making as much profit as possible. We call...
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Debt Optimisation Strategies for SMEs: A Comprehensive Guide

Introduction to Debt Optimisation Debt optimisation is important for small and medium businesses to manage their debt. This helps them stay financially stable, have more cash, and make more profits....
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5 Practical Steps to Overcome Cost Control Challenges in SMEs

You may have heard the saying, “Keep expenses low and productivity high.” Businesses thrive on it but managing cost control in a small or medium-sized enterprise (SME) often balances resource...
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A Step-by-Step Guide to Capital Optimisation for SMEs

Introduction Implementing a capital optimisation strategy is crucial for SME growth and sustainability. SMEs must manage their money well to make the most money and take advantage of chances to...
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Implementing Strategic Partnerships Financial Strategy: A Comprehensive Guide for SMEs

Introduction: Power in Strategic Partnerships for SMEs Small businesses can use strategic partnerships for growth and competitiveness. SMEs need more resources, market reach, and economies of scale. Strategic partnerships can...
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Unlocking SME Growth: A Comprehensive Guide to Cost Leadership Financial Strategy

Introduction to cost leadership financial strategy for SMEs. Small and Medium Enterprises (SMEs) need a financial strategy called cost leadership. This means saving money in all business areas while keeping...
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Uncover the Secrets of Implementing Financial Strategies for SMEs

The Imperative of Financial Strategies for Small Businesses Why Small Businesses Often Neglect Financial Strategies Many small businesses need to pay more attention to implementing financial strategies. First, they may...
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Retaining Top Financial Talent: Strategies for Small Business Success

Small businesses need great financial talent to help with money stuff. This includes things like accounting, investing, and analysing finances. Skilled people are essential to make the best use of...
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Adapting Capital Expenditure in Unpredictable Markets for SMEs

Introduction Small and medium-sized businesses (SMEs) face unique challenges in the business world. One of these is deciding when and how to spend their money on Capital Expenditure or Capex....
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Understanding Agile Capital Expenditure for Small Businesses

Introduction: Embracing Flexibility in Capital Expenditure Managing capital expenditure needs to be effective in the rapidly changing business environment. Businesses today find adopting a more flexible approach to capital expenditure...
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Unlocking Growth: Non-Traditional Capex Strategies for Small Businesses

Introduction Capital expenditure (Capex) is a significant investment for any business, large or small. Capex can be challenging for small businesses, as they often need more resources. However, several non-traditional...
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Capex vs Opex: A Comprehensive Guide for SMEs

Introduction   Understanding financial management is a cornerstone of success in the dynamic business world. Particularly for small and medium-sized enterprises (SMEs). Much of this involves making informed decisions about...
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Fuelling Growth-The Impact of Capex Strategy on SMEs

Developing an innovative Capital Expenditure strategy can help you grow if you run an SME. But be careful; you might lose money if you do not plan this Capex strategy...
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Unveiling Proven Capex Strategies for SMEs

Understanding Capital Expenditure (Capex) in SMEs Capital Expenditure, commonly known as Capex, is essential to any business, especially SMEs. But what exactly are Capex strategies, and why does it matter...
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Unveiling the Non-Financial Benefits of Capital Expenditure for Small Businesses

1. Introduction Brief Overview of the Post Welcome to our journey into the complex world of business spending! Every time a small business spends money on capital expenditure (Capex), it...
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Mastering Cash Flow from Investing Activities: An In-depth Guide

Introduction  Cash flow from investing activities is crucial to a business’s financial health. It encompasses the cash inflows and outflows related to a company’s investments. It is an essential component...
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Strategies for Small Businesses Strategies: Choosing the Right Financing Options for Cash Flow Support

I. Introduction  Financing: The Oasis in the Business Desert Getting the right financing options is vital in any business journey. It’s like the water that keeps the desert of start-ups...
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How to Manage Cash Flow with Accurate Cash Flow Forecasts Effectively

Mastering Cash Flow Forecasts: A Comprehensive Guide for Financial Success Introduction Think about planning a big trip. You should make sure your car has enough fuel. Now, consider a business...
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How to use a Cash Flow Dashboard to Monitor Cash Flow Metrics and Spot Performance Trends

1.0 Introduction In the dynamic business world, a universally acknowledged truth is that Cash Flow is King. Monitoring and managing cash flow is the cornerstone of financial stability and success....
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myCFOng-Debt Management

Innovative Ways to Manage Small Business Debt and Optimize Cash Flows

Running a small business can be tricky, especially when handling debt. Business owners might think borrowing money to put more cash into their business is clever. But be careful! Debt...
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