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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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...Read More

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,...Read More

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...Read More

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....Read More

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...Read More

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...Read More

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...Read More

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....Read More

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...Read More

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...Read More

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....Read More

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...Read More

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...Read More

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...Read More

Cash flow optimisation is crucial for businesses to succeed in today’s fast-paced economy. Even promising companies can have difficulty staying afloat without proper cash flow management. However, by strategically handling...Read More

1.0 Introduction Cash flows, a vital component for small businesses, ensures financial stability and growth. Effective cash flow management is essential for maintaining a healthy business. In the past, small...Read More

Introduction Knowing your small business’s money health is key to success. A good financial analysis can help you make smart choices and grow your business. In this complete guide, we...Read More

Introduction Business expansion is exciting for small companies. This guide helps deal with finance issues around expansion. These include managing cash, finding funds, making predictions, handling risks, and controlling costs....Read More

Introduction to Supplier Negotiations   Good negotiations with suppliers can make or break a small business. This blog post will discuss how small businesses can get better supplier deals. We will...Read More

Introduction Financial crisis can be a major challenge for small business owners. As a small business owner, you will navigate difficult financial situations. This post will discuss practical crisis management...Read More

Introduction Fraud is a big problem for all kinds of businesses, especially small ones. Fraud can hurt small businesses, and it is imperative to stop it from happening. The Association...Read More