It would be difficult for anyone to manage the affairs of Tesla under the “conditions that Elon would want and with the team that he has,” Tesla (TSLA) shareholder Ross Gerber has said. Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management in reaction to advertisers fleeing Twitter – now X – over Musk’s …
Nobody Can Manage Tesla To Meet Elon Musk’s Conditions – Ross Gerber Read More »
Trading has been an integral part of human civilization for centuries. From the bustling bazaars of ancient times to the digital platforms of today, trading has consistently provided opportunities for growth, wealth creation, and global economic expansion. Today, trading has undergone a revolutionary transformation, thanks to technological advancements. It offers a world of lucrative opportunities, …
Exploring the World of Trading and Its Lucrative Opportunities Read More »
What Does Commodification of Cassava mean? The commodification of cassava refers to the process by which cassava is transformed from a simple agricultural product into a standardized commodity that can be traded in the market, often on a large scale to boost the revenue of a country. Takeaways: Commodification of cassava can involve processes like: …
The Central Bank of Nigeria (CBN) has launched an online platform for the submission of applications for Microfinance Bank (MFB) operations. Called the CBN Licencing, Approval and Other Requests Portal (CBN LARP), the apex bank said on Wednesday that individuals or companies will no longer have to manually submit applications to establish microfinance banks (MFB) …
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Meaning of Cash Flow Cash flow refers to the total amount of money being transferred into and out of a business. In simple terms, it is the movement of money in and out of your business. Whether it’s due to unexpected expenses, slow-paying customers, or seasonal sales fluctuations, cash flow problems can put a severe …
What is Peer-to-peer lending? Peer-to-peer (P2P) lending is a model that connects borrowers directly with investors through an online platform without the involvement of traditional financial intermediaries such as financial institutions. P2P lending can simply be described as the democratization of finance that offers new opportunities for both parties (the borrowers and lenders). Examples of P2P lending platforms …
Benefits of Peer-to-Peer Lending and Its Challenges Read More »
What is Cash Crunch? A cash crunch in the context of business is a state of financial strain where a business or company faces a shortage of available cash or liquid assets, which can hinder its ability to meet its operational needs and financial obligations. Factors such as declining sales, mismanagement of cash flows, misappropriation of …
7 Ways To Prevent Cash Crunch and Signs To Pay Attention To Read More »
What is passive income? Passive income refers to the earnings an individual derives from a rental property, limited partnership, or other enterprises in which they are not actively involved. Passive is one of the most strategic ways to financial stability, you earn while you sleep. Your money works for you, it generates income for you. …
Basics of Passive Income: Types, Ideas, and Benefits Read More »
What are SG&A? Selling, General, and Administrative expenses also known as operating expenses includes all of the costs associated with a company’s daily operations that are not directly linked to the production of goods or services. In simple terms, SG&A are the costs of doing business which include marketing and advertising, rent and utilities, management and administrative salaries, …
What Are Selling, General, and Administrative Expenses (SG&A)? Read More »
What is pocket money? This is an amount of money that is regularly given to children as an allowance by their parents for a specific purpose. Parents give this kind of money to their child for the child’s miscellaneous personal spending. It may seem like a small step, but in actuality, it’s the initial footing on a journey …