4 Advantages and drawbacks of bootstrapping your business + top 10 African countries with the highest savings and more
In case you missed it
This week
๐๏ธย 4 Advantages and drawbacks of bootstrapping your business
๐คย Bill Gates about creating a growth environment
๐ Quiz #83
๐กย Top 10 African countries with the highest savings
๐ Business word: Mezzanine capital
๐๏ธ 4 Advantages of bootstrapping your business๐๐ผ
๐๏ธ 4 Drawbacks of bootstrapping your business๐๐ผ
๐ค Bill Gates about creating a growth environment
Surround yourself with people who challenge you, teach you, and push you to be your best self.
โ Bill Gates
๐ Quiz #83
Below are 5 business financing questions, how many will you get correct?
๐กTop 10 African countries with the highest savings
The average savings of the 28 African countries (whose data was available) amounted to 17.69 billion U.S. dollars.
However, some countries notably exceeded this mean, with Nigeria emerging at the top by accumulating 149.32 billion USD in savings.
๐ Business word: Mezzanine capital
Other characteristics of mezzanine financing include:
It allows the borrower to borrow more capital than they could secure with senior debt.
Due to it's equity-like feature, mezzanine capital usually has a higher interest rate than traditional debt financing.
It is treated as equity on the balance sheet.
That was all for this week. Until next time, keep learning and growing your๐ฐ