Your financial forecast as a valuable strategic asset
What is a strategic asset?
Business know-how is a good example of a strategic asset since it is unique, valuable, hard to come by, and heav
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Enyidiya Uwa Ojike | Chief Executive Officer
- Sep 26
- 2 min
Creating a financial forecast
A financial forecast is simply an estimate of your company's future revenues and costs. A forecast may be either short- or long-term in natu
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Enyidiya Uwa Ojike | Chief Executive Officer
- Sep 19
- 2 min
Financial forecast: an overview
Creating a business plan is only one step in the process of being successful. However, many business owners have a tendency to get bogged do
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Enyidiya Uwa Ojike | Chief Executive Officer
- Sep 12
- 2 min
Equity as a source of finance
Selling shares of the company is one way to get funds through equity financing.
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Debt as a source of finance
Debt financing for a company is just the act of borrowing money with a commitment to repay within a specified period of time. Interest on th
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Enyidiya Uwa Ojike | Chief Executive Officer
- Aug 29
- 2 min
Sources of funding - equity vs debt
Most entrepreneurs and start-ups must decide how to fund their business when deciding to launch it. There are several options for funding, s
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OVAC Group
- Aug 22
- 2 min
A practical start-up process
Remember all the late hours spent strategising about how to position your brand, how it would affect your success, and your new company idea
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OVAC Group
- Aug 15
- 3 min
Aligning your business model and competitive strategies with your mission statement
The modus operandi for companies in these changing times differs from what we were accustomed to. The level of competition has increased, co
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OVAC Group
- Aug 8
- 2 min
Leading successfully from the middle in change management
Numerous experts have used the word "leadership" in multiple contexts. The top-down leadership style, however, is the most widely accepted n
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OVAC Group
- Aug 1
- 2 min
Optimising your projects with an operational audit
Due to their nature, projects need a lot of time, effort, and resources to complete. Each project is different, thus regardless of its size
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OVAC Group
- Jul 25
- 2 min
Using a business plan to sell an idea
Remember all the late hours spent strategising about how to position your brand, how it would affect your success, and the new business idea
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OVAC Group
- Jul 18
- 3 min
Business growth - stakeholder mapping, outsourcing, and downsizing
Stakeholder mapping, outsourcing, and downsizing are some tools used by businesses in adapting to market demands while growing the business.
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OVAC Group
- Jul 11
- 2 min
Project management – an overview
The function of the project management office (PMO) is often used interchangeably with the Project Manager, but they actually perform differ
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OVAC Group
- Jul 4
- 2 min
Positioning statement and adapting it to changes
A positioning statement is a brief description of what you have to offer, i.e., goods or services. It identifies a need, the demographic gro
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OVAC Group
- Jun 27
- 2 min
Personas as a component of the marketing mix
Personas are fictitious representations of groupings of comparable individuals in a target market. They may assist you in developing strateg
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OVAC Group
- Jun 20
- 2 min
Performance as a component of the marketing mix
Performance is a very useful tool for demonstrating how well your product does against your key performance indicators, how it is received b
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OVAC Group
- Jun 13
- 2 min
Physical evidence as a component of the marketing mix
Physical evidence is concerned with all tangible aspects of the customer experience, which includes branding.
Physical evidence serves as s
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OVAC Group
- Jun 6
- 2 min
Purpose as a component of the marketing mix
Purpose is the "WHY" of your brand or company. This is the reason behind everything you do. This is the motivation or rationale behind every
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OVAC Group
- May 30
- 2 min
Packaging as a component of the marketing mix
This week, we will continue our 12 Ps Marketing series blogs by discussing Packaging.
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OVAC Group
- May 23
- 2 min
Positioning as a component of the marketing mix
What is positioning in marketing mix?
This new component of marketing mix is crucial as it is at this phase that you determine what sets yo
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OVAC Group
- May 16
- 2 min
Process as a component of the marketing mix
What is a process in marketing mix?
This is the secret ingredient for a company! This is the method by which a company carries out all of t
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OVAC Group
- May 9
- 3 min
People as a component of the marketing mix
Continuing our discussion around the 12Ps of the marketing mix, this week we will focus on the people element.
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OVAC Group
- May 2
- 2 min
Promotion as a component of the marketing mix
Promotion is our topic today, continuing our 12 Ps Marketing series. What is a promotion?
Promotion can be defined as...
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OVAC Group
- Apr 25
- 2 min
Place as a component of the marketing mix
Part of our 12 Ps Marketing series blogs, this week we discuss Place.
What is a place? When we think of place, also known as distribution,
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OVAC Group
- Apr 18
- 2 min
Price as a component of the marketing mix
What is a price? The cost of the goods or services that the consumer pays is known as the price.
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OVAC Group
- Apr 11
- 2 min
Product as a component of the marketing mix
As we have seen in our blog last week, Philip Kotler and E. Jerome McCarthy’s marketing mix (sometimes known as the 4Ps) has developed ...
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OVAC Group
- Apr 4
- 3 min
The marketing mix
The marketing mix is the collection of activities, or methods, that a business does to sell its brand or product. It refers to a group of me
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Enyidiya Uwa Ojike | Chief Executive Officer
- Mar 28
- 2 min
Forensic audit of bank statements
Have you ever conducted a thorough review of your bank statements? Are you content with just reconciling bank statements ...
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Enyidiya Uwa Ojike | Chief Executive Officer
- Mar 22
- 4 min
Budget vs government fiscal policies
Today, we'll look at how to match spending plans with governmental fiscal policies, one of the key considerations for companies ...
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Enyidiya Uwa Ojike | Chief Executive Officer
- Mar 15
- 3 min
Budgeting vs forecasting - an overview
Planning for the future, developing plans, and aligning goals throughout the whole business are all made easier with budgeting and...
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OVAC Group
- Mar 8
- 2 min
Celebrating International Women’s Day
As a women-led company, the OVAC Group is celebrating International Women’s Day today.
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Monetary policy rate and bank rate – an overview
Last week’s article published the summary of the key decisions of the first 2023 Monetary Policy Committees meetings held in Nigeria and ...
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Enyidiya Uwa Ojike | Chief Executive Officer
- Feb 22
- 3 min
How monetary policy tools affect financial planning
In order to prevent inflation or deflation, which in turn affects business growth, employment, and net exports, monetary policies manage how
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Enyidiya Uwa Ojike | Chief Executive Officer
- Feb 15
- 1 min
Key decisions of the Monetary Policy Committee in Nigeria and the UK
As discussed in last week’s article, the Monetary Policy Committee (MPC) members are those who decide which monetary policies to implement .
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Government monetary policies - an overview
The government will employ what are known as government monetary policy instruments/tools when it wishes to attain and maintain such as targ
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Bearish vs bullish investors - an overview
Based on internal and external factors, the stock and equity indices fluctuate over time...
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Enyidiya Uwa Ojike | Chief Executive Officer
- Jan 25
- 4 min
Investors - an overview
There is no ideal investment strategy; you must instead choose the one that is most suited to your needs and those of your objectives. Each
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Enyidiya Uwa Ojike | Chief Executive Officer
- Jan 18
- 3 min
Financial Advisers vs Financial Accountants - An Overview
A financial accountant and a financial adviser seem to provide services that are quite similar, but ...
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Enyidiya Uwa Ojike | Chief Executive Officer
- Jan 11
- 3 min
Financial advisers - an overview
Who are financial advisers?A financial advisers are professional who offer clients financial services based on their financial position...
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OVAC Group
- Jan 4
- 2 min
2022 highligths and here's to a fruitful 2023
2022 was a challenging year for businesses, but we remained strong and agile to provide you with pragmatic solutions. So, how did ...
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OVAC Group
- Dec 21, 2022
- 1 min
Compliments of the Season and best wishes for the New Year!
As the end of year draws near, we would like to take this opportunity to thank all of our valued and loyal customers, clients, and partners
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OVAC Group
- Dec 14, 2022
- 2 min
Mutual funds - an overview
Mutual funds are collections of capital from several investors who purchase securities like bonds, stocks, and other comparable assets.
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OVAC Group
- Dec 7, 2022
- 2 min
Investments - an overview
Investments include buying assets that will later be sold for a profit. Many individuals want to enter the investment world but are unsure o
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OVAC Group
- Nov 30, 2022
- 3 min
Generational gap in the workplace
from the baby boomers to the newest generation, Gen Z, there are presently four generations coexisting in the workforce.
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OVAC Group
- Nov 23, 2022
- 2 min
Bullying in the workplace
Bullying may be defined as an action that intimidates or unnerves a person. Unfortunately, bullying in the workplace has long been an issue.
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OVAC Group
- Nov 16, 2022
- 2 min
Gender differences in the workplace
Gender differences include the distinctions in the physical, emotional, and psychological traits and behaviours of men and women...
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OVAC Group
- Nov 9, 2022
- 2 min
Outsourcing in the workplace
The process of outsourcing involves an organisation hiring a third party to carry out certain duties or offer specific services on their beh
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OVAC Group
- Nov 2, 2022
- 2 min
Workplace safety -an overview
Workplace safety can be defined as the prevention of hazards or accidents in the workplace. All companies worldwide should place a high pri
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OVAC Group
- Oct 25, 2022
- 2 min
e-CRM - an overview
The introduction and expansion of e-commerce and the globalisation of the internet have revolutionised how business is conducted.
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OVAC Group
- Oct 18, 2022
- 2 min
Traffic building: an overview
Traffic building can also be viewed of as a marketing strategy used to draw customers to your websites or online stores.
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