SME + Plus

Governments all over the world place strong emphasis on Small and Medium Enterprises (SMEs) apparently because of their ability to provide quick impetus towards achieving sustainable economic development.

At Canaan Consulting we share this positive disposition through our corporate commitment to SMEs.

Our areas of expertise include enterprise education, community, family, rural and social enterprise as well as e-business and women’s enterprise development. We also have the know-how in government policies and perspectives on enterprise development, innovation, clusters, supply chains,  networks and research.

Driven by a team of versatile and highly endowed professionals, our SMEs Portfolio tagged “SMEplus” offers our clientele high value services in the following areas:

Preparing feasibility report guide.

A feasibility study is defined as an evaluation or analysis of the potential impact of a proposed project or program. A feasibility study is conducted to assist decision-makers in determining whether or not to implement a particular project or program. It is based on extensive research on both the current practices and the proposed project/program and its future impact.

At Canaan Consulting we have the capacity to prepare standard feasibility report guide that will allow small business owners to make necessary preliminary decision on business start-up.

Preparing bankable business plans.

Besides establishing details of the operations performed within a firm, Business plans are often used as a factor in assessing loan request of a corporate organization by financial institutions. Its preparation, like that of feasibility report requires special skills that will ensure the adequacy of its content. Small businesses often lacks the capacity to prepare this document and often also do not have access to capital that can pay for the service of blue chip consulting outfit.

At Canaan Consulting we help our growing clientele prepare bankable business plan that is simple, devoid of unnecessary ambiguity with high accuracy and making it widely accepted by banks and micro credit institutions at affordable rates.

Financial report keeping..

Efficient bookkeeping in managing businesses be it small, medium or large is highly desirous. However, many small business because of its ownership structure renders this task an extremely difficult one.

Our team of experts are imbued with requisite cutting edge knowledge of accounting procedures and process that have been proved to be convenient, easily understood and result yielding and more importantly, specifically targeted at small businesses.

Business start-ups.

Budding entrepreneurs easily come up with numerous business ideas, but only very few are able to transit from the business idea stage to the start-up stage due to many factors. Besides the well known reasons of inadequate funds, dearth of information, technology inadequacy and bad entrepreneurship quality, available evidence points to lack of adequate business advice from experts endowed with the technical know-how in business start-up and incubation.

At Canaan Consulting, our ability to support new business ideas, nurture it and provide necessary support throughout the incubation as well as its early stage is reknowned because of our track record of achievement in these regards.

Micro credit finance administration.

With the advent of a national policy on micro credit finance launched by the Central Bank of Nigeria (CBN) in 2005/2006, new opportunities and challenges have emerged in the sector more specifically in the area of administering micro credit to micro traders in the country.

It has thus become necessary that firms like ours with special and vantage position in micro credit administration connect to this opportunity to avert policy failure and complement efforts of micro credit institutions that lack administrative capacity due to market knowledge and other factors.

The Canaan advantages are:

• Good knowledge of SMEs working environment, their needs and special challenges facing the sector based on appropriate information.
• Ability to network within and outside Nigeria for relevant information and technical cooperation on any project.
• Ability to deliver requisite projects before deadline.
• A capable team with highly talented and well motivated professionals.
• Deep understanding of the structural and institutional framework of all stakeholders.

 SMEplus TV Programme

As part of our objectives under this strata, Canaan Consulting is presently floating a TV programme called SME+Plus to articulate the underlisted objectives.

1.         To promote SME practice, theory and research.
2.         To advance entrepreneurship education.
3.         To contribute to SME policy synthesis in Nigeria through networking and consultation.
4.         To promote interface between multinationals and small businesses in Nigeria.
5.         To support and reinforce existing partnership between public and private sectors.

F.         TRADE AND BUSINESS FACILITATION.

The import of trade to sustainable economic development of countries all over the world cannot be over-emphasized. Its international prominence has gained greater focus in recent time precipitating serious consultations among all players with a view to sharing the proceeds of trade in a fair and equitable manner.

As a critical factor of global economics and politics, development in international trade issues is bound to produce a ripple explicit or implicit monumental effect on the future course of universal growth and stability, and on the development prospects of emerging economies.

Canaan Consulting is an integrated firm providing professional services in trade/business facilitation through promotion of overseas trade missions, organization of solo and specialized exhibitions inside and outside of Nigeria, trade fair representative and trade policy/matter consultation. Other services provided include capacity building for indigenous and bilateral chambers of commerce, trade data collection, collation and research.

Specific Areas of Intervention by Canaan Consulting.

• Organizing specialized bilateral international trade exhibitions.
• Facilitating Annual Trade Missions to overseas countries.
• Facilitating Business Luncheon for Business operators from countries with trade/business relationship like Nigeria.
• Facilitating the participation of Nigerian Business men in major international Trade events in overseas countries.
• Operating a website for Trade Information Exchange between Nigeria and its overseas trade partners.
• Business/trade consultations
• Conducting trade due diligence for Business men outside Nigeria in their relationship with their counterparts from Nigeria.
• Capacity Building for Bilateral Chambers of Commerce
• Membership development for Bilateral and Indigenous Chambers of Commerce.