MOST START-UPS FAIL WITHIN THE FIRST FIVE YEARS, WHY?

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The desire to be their boss is the main compelling reason behind the majority of entrepreneurs starting their businesses, it comes with freedom, and with that freedom comes the flexibility to make decisions, and also flexibility from fixed income hence financial flexibility cum independence.

“I want to make more money to further my education and relieve my parents”, Mary a 24year old English student. So obviously, Money and thus financial independence is a major motivating factor for people to start their businesses.

EFFECTS Of INFLATION ON SMALL-TO-MEDIUM ENTERPRISES

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Since the COVID-19 pandemic, inflation has been hitting SMEs hard. SME owners need to understand the effect of inflation on their business, and how to manage it because the fact is inflation happens all the time.

PRINCIPLES OF CORPORATE GOVERNANCE

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Corporate governance describes the processes, structures, and mechanisms that influence the control and direction of a corporation. Corporate governance ensures that the interest of stakeholders in a company corresponds, and a company’s board of directors is the driving force behind its cooperative governance. Corporate governance distinguishes owners from managers. There should not be any conflict between the owners and managers of a company if good corporate governance is to be maintained.