Guess what? Sales and marketing are not the major reason most businesses fail. Yes, I said it.

Most times, it is due to failing to manage the business properly. One of such failures people don't talk about is poor inventory management.

In this episode, I discuss in details:

1. What inventory management is all about
2. The problems that occur due to poor inventory management
3. And how to fix them in your business.

Poor inventory management is a silent killer of most small businesses. It opens your business to other problems that affect your sales and waste all your effort at marketing. Listen and learn way to improve your inventory management.

🔗 Additional Resources and Links:

To further support your business growth, download my free eBook, "How to Raise Funds for Your Business.": ⁠⁠https://bit.ly/raisefundsebook⁠⁠

Discover more about Small Biz Junction and explore a wealth of resources on our website: ⁠⁠https://sbj.com.ng⁠⁠

Connect on social media:

Facebook:⁠⁠ https://www.facebook.com/smallbizjunction⁠⁠

Instagram: ⁠⁠https://instagram.com/smallbizjunction⁠

What would you do if you business hit difficult times? Have you ever thought about it?

One habit I am happy to have is to constantly create both good and bad scenarios in my mind, about my businesses, and find possible solutions to them.

Now this might seem crazy but, it is a good way to prepare myself in case such scenarios occur in real life to me or my business.

As a smart business owner interested in succeeding, you must always be prepared

In this episode, I discussed three basic business survival strategies to help you grow your business during tough times.

And it’s important for you to have these strategies as part of your business culture because of those difficult periods you may experience in your business..

🔗 Additional Resources and Links:

To further support your business growth, download my free eBook, "How to Raise Funds for Your Business.": ⁠⁠https://bit.ly/raisefundsebook⁠⁠

Discover more about Small Biz Junction and explore a wealth of resources on our website: ⁠⁠https://sbj.com.ng⁠⁠

Connect on social media:

Facebook:⁠⁠ https://www.facebook.com/smallbizjunction⁠⁠

Instagram: ⁠⁠https://instagram.com/smallbizjunction⁠

Most small business owners don't take record keeping as seriously as they should, Recordkeeping is a very critical aspect of business that is often overlooked or not taken seriously enough.

What records do you keep in your business? And how dedicated are you to record keeping in your business?

Keeping accurate records is essential for the success and growth of your business.

In this episode, I reveal three important records every business owner must keep to ensure success in their business.

🔗 Additional Resources and Links:

To further support your business growth, download my free eBook, "How to Raise Funds for Your Business.": ⁠⁠https://bit.ly/raisefundsebook⁠⁠

Discover more about Small Biz Junction and explore a wealth of resources on our website: ⁠⁠https://sbj.com.ng⁠⁠

Connect on social media:

Facebook:⁠⁠ https://www.facebook.com/smallbizjunction⁠⁠

Instagram: ⁠⁠https://instagram.com/smallbizjunction⁠

Is this really a difficult thing?

Yeah, this question still disturbs so many people looking to start a business. Some worry whether they have the right skills, or are in the right mindset to start a business.

It's okay to ask yourself this question. Many things are involved in starting a business and it is important you understand them all.

In this video, I share with you:

• The pros and cons of starting a business.
• Critical questions you need to answer before you make that decision.
• Essential skills and habits needed no matter the business you are starting.

So, if you are still stuck and worried about whether you should start a business, listen to this episode to help you make the decision.

🔗 Additional Resources and Links:

To further support your business growth, download my free eBook, "How to Raise Funds for Your Business.": ⁠⁠https://bit.ly/raisefundsebook⁠⁠

Discover more about Small Biz Junction and explore a wealth of resources on our website: ⁠⁠https://sbj.com.ng⁠⁠

Connect on social media:

Facebook:⁠⁠ https://www.facebook.com/smallbizjunction⁠⁠

Instagram: ⁠⁠https://instagram.com/smallbizjunction

Are you thinking of securing a loan for your business? But you are probably wondering if you are about to make a terrible decision or a good one.

Loans can be good for starting or expanding a business, but there are certain things you should know before you take a loan for your business.

Quick loan companies are springing up every day. Some are genuine, some are not. Getting the right information saves you time and money and gives you peace of mind when you take the loan.

In this episode, I dive deep into:

1. The question of whether you should even take a loan.
2. The role your income and profit play in taking a decision on loans
3. And the 5 basic things you MUST consider before taking a loan.

If you want to save your business from taking a loan you cannot pay back or at least get to know what you must do before taking a loan for your business, please listen.

🔗 Additional Resources and Links:

To further support your business growth, download my free eBook, "How to Raise Funds for Your Business.": ⁠⁠https://bit.ly/raisefundsebook⁠⁠

Discover more about Small Biz Junction and explore a wealth of resources on our website: ⁠⁠https://sbj.com.ng⁠⁠

Connect on social media:

Facebook:⁠⁠ https://www.facebook.com/smallbizjunction⁠⁠

Instagram: ⁠⁠https://instagram.com/smallbizjunction⁠

Why is it so easy to spend money but pretty difficult to save it?

A major contributing factor to a successful business is savings. A business that has money saved somewhere can always use it for rainy days, or survive tough times in business.

In this episode, I discussed:

1. The importance of business savings
2. How overspending hurts your business
3. 6 fantastic ways to save money in your business.

Saving money is very important for the growth of your business. When you don't save enough money, you end up having little to maintain your business. Listen to this episode to learn how to save money in your business.

🔗 Additional Resources and Links:

To further support your business growth, download my free eBook, "How to Raise Funds for Your Business.": ⁠⁠https://bit.ly/raisefundsebook⁠⁠

Discover more about Small Biz Junction and explore a wealth of resources on our website: ⁠⁠https://sbj.com.ng⁠⁠

Connect on social media:

Facebook:⁠⁠ https://www.facebook.com/smallbizjunction⁠⁠

Instagram: ⁠⁠https://instagram.com/smallbizjunction⁠

Have you ever met a business owner who doesn't want to be debt free?

I am yet to meet any because debt is the last thing you want, but sometimes, for different reasons, you get debt.

Running a small business is not easy, especially in a tough economy, so, when you add debt to it, your business might just be in trouble.

Fortunately, there are strategies that can get you out of debt.

In this episode, I discussed some of these strategies to help you and your business become debt free.

🔗 Additional Resources and Links:

To further support your business growth, download my free eBook, "How to Raise Funds for Your Business.": ⁠⁠https://bit.ly/raisefundsebook⁠⁠

Discover more about Small Biz Junction and explore a wealth of resources on our website: ⁠⁠https://sbj.com.ng⁠⁠

Connect on social media:

Facebook:⁠⁠ https://www.facebook.com/smallbizjunction⁠⁠

Instagram: ⁠⁠https://instagram.com/smallbizjunction⁠

On this episode, I highlighted six important reasons why you need a business bank account. You will learn how it makes your business life easier and reduces your worries about your finances. Having a business bank account is just one of the many ways of doing things right for your business.