In its most basic form, management accounting allows a business to control its operations and take informed decisions in line with its performance objectives. For small and growing businesses, management accounting is a way to ensure that the business stays within its means as it grows. Indeed, management accounting is crucial for entrepreneurs as it
Investment in agriculture is key to ending hunger and poverty in Africa. Statistics by the European Commission show that, in Africa, agriculture accounts for 65% of total employment and 32% of GDP. Most importantly, agribusinesses tackle food insecurity on two fronts – stimulating increased food production on the one hand and creating wealth for smallholders
To talk of financial management and not touch upon working capital management is not possible. This GroFin business support guide provides an overview on working capital management to help entrepreneurs understand the importance of working capital for building a sound financial future for the organisation. Download the complete and detailed GroFin PDF guide on Working
It is often seen that entrepreneurs overlook human resource planning, or simply stated, people planning, in the early stages of their business. However, people planning is an integral part of business strategy
Established by Ahmed El Hosseiny in 1975, El-Farab for Import Company is an Egyptian Joint Stock enterprise operating in the hardware sector and is the sole distributor of Black & Decker and Dewalt brands in the country.
While Facebook is a first step, MENA SMEs may find a whole new world as they begin to engage social media. Twitter, for example, allows for more bite-sized informational exchange and thus, is of particular interest to B2B service providers in MENA.
By Samuel Suraphel and Lane Cooper
For small and growing businesses that may not have existing processes around key business functions and operations, the adoption of cloud and mobility solutions may create structures to formalize and improve informal business practices. In so doing, the groundwork is laid for achieving growth objectives.