The Importance of Setting Payment Terms and Conditions (and How to Do It).
1. Introduction Running a business whether you’re a freelancer, consultant, or a small company means sending invoices regularly. But sending an invoice isn’t just about asking for money; it’s an integral part of managing your cash flow, maintaining relationships, and showcasing your professionalism. This article explores why setting payment terms and conditions is crucial, how […]
The Ultimate Guide to Setting Payment Terms and Conditions That Actually Get You Paid: A Nigerian Business Owner’s Essential Strategy for 2025
Picture this: You’ve just delivered an exceptional service to a client, sent out a professional invoice, and you’re waiting for payment. Days turn into weeks, weeks turn into months, and your cash flow starts looking like a dried-up riverbed. Sound familiar? You’re not alone. Late payment is one of the biggest challenges facing small businesses […]
Marketing Products vs Services: The Ultimate Business Strategy Guide for African Entrepreneurs
Are you struggling to attract business leads despite having an excellent product or service? You’re not alone. Across Nigeria and Africa, thousands of entrepreneurs launch businesses daily, yet many fail within their first year—not because their offerings lack quality, but because they haven’t mastered the fundamental difference between marketing products and marketing services. Whether you’re […]
How to Invoice for Services vs. Products: A Complete Guide for Nigerian Businesses
In today’s competitive Nigerian business landscape, proper invoicing is more than just requesting payment—it’s a critical component of your business strategy that directly impacts cash flow, customer relationships, and overall business success. Whether you’re selling physical products or providing services, understanding the nuances of effective invoicing can make the difference between thriving and merely surviving. […]
Invoicing Best Practices for Freelancers and Gig Workers in Nigeria
In Nigeria’s rapidly evolving digital economy, freelancers and gig workers are becoming increasingly important contributors to the nation’s workforce. Whether you’re a graphic designer, content writer, software developer, or virtual assistant, mastering the art of professional invoicing is critical to your business success. Proper invoicing practices not only ensure timely payments but also establish your […]
The Ultimate Guide to Business Invoicing: Why Nigerian Startups Need Professional Invoicing Software
In today’s fast-paced business environment, one crucial aspect often overlooked by Nigerian entrepreneurs is proper invoicing. Yet, this seemingly simple administrative task can dramatically impact your cash flow, client relationships, and overall business success. Whether you’re running a small startup in Lagos or managing a growing enterprise in Abuja, mastering the art of invoicing is […]
Bookkeeping for Small Businesses
As a small business owner, staying on top of bookkeeping tasks can be a daunting challenge. From tracking expenses to managing invoices, accurate bookkeeping is crucial for maintaining good financial health and ensuring business growth. However, with the right tools, bookkeeping doesn’t have to be a time-consuming headache. In this article, we will look at Let’s […]
Online payment For Small business
As a business owner, making money and customer retention should be your priorities. To do this, you need to provide your customers with a smooth, user-friendly payment process while giving them a sense of confidence that their details will stay secure. You also want to know you’re going to receive payments quickly and efficiently. Online […]
Can I create a Simple invoice template in Word?
For most businesses, creating a simple invoice template in word is a quick option when placed on the spot and are in a hurry to get their money out. Invoicing is a necessary evil for businesses of all sizes, but creating invoices from scratch can be a laborious and error-prone process. With the aid of […]
Is an invoice a receipt?
Is an invoice a receipt? How well can you differentiated both documents? You have probably heard of the words “invoice” and “receipt” as a company owner. The distinction between these texts is not always obvious, though. Receipts and invoices are both provided throughout the sales process, although they serve distinct purposes. What invoices and receipts […]