Author Archives: Chinedu Ozulumba

Audits are essential for ensuring compliance, operational efficiency, and risk management. Whether internal or external, a well-prepared audit can save time, reduce errors, and improve business processes. Here’s a comprehensive audit checklist for SMEs. 1. Planning the Audit 2. Risk … Read More

A risk matrix is a practical tool that helps organizations identify, assess, and prioritize risks. It’s particularly useful for SMEs that want to manage risks without complex software. Here’s a step-by-step guide to building a simple risk matrix. 1. Define … Read More

Managing vendors effectively is critical for small and medium-sized enterprises (SMEs). Vendors provide essential goods and services, and a single misstep can expose your business to financial, operational, or reputational risks. Yet, many SMEs make common mistakes when it comes … Read More