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Developing African Capital Markets
In his introductory remarks, moderator John Hanson, Managing Editor, Business & Financial Times, Ghana, noted that African development needed capital, yet capital is very scarce. The answer is for the continent to develop well functioning capital markets. There has been some progress, but not enough, due to many barriers.

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Financing the Future: J.P. Morgan Takes Off
Following the American Civil War, Morgan decided to get involved in the railroad business. Taking what he had learned both from his father and his own investment banking experience, Morgan began to purchase railroad companies that he noticed were struggling to stay afloat. He used his shrewd investment skills to take control of the notable Albany, Susquehanna, Philadelphia, New England and other railroad lines. Morgan then began to promote them to European investors, famously managing to sell 87% of New York Central Railroad stock without driving down the price.

Lesson #2: Build a Strong Reputation
As he testified before a House committee that was investigating his economic dominance over America, J.P. Morgan was asked whether commercial credit was based more on money or property. Morgan replied, “The first thing is character…before money or anything else. Money cannot buy it.”

Lesson #3: Take Charge
“The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go,” Morgan once said. Known amongst his peers not only for his determination and abilities but also for his take-charge personality, Morgan knew what it took to get things done. A man devoted to his business, Morgan would do whatever it took to close a deal, no matter whose head he had to go over. With a clear vision in mind, Morgan took control over his situations, directing them towards the ends he desired.

Lesson #4: Do What You Love Most
Morgan was one of those lucky few who knew from the get-go what he wanted to spend his life doing. There was never any doubt in Morgan’s mind, or to anyone who knew him, that he was meant for a career in business. It had been his passion from day one; he breathed business and knew it like the back of his hand. He had a natural aptitude for wheeling and dealing and to deny this would have been America’s tragic loss. It was in listening to his heart and following his passion that Morgan was able to achieve such astounding success.

Lesson #5: Know Your Enemy
“A man always has two reasons for doing anything,” Morgan believed. “A good reason and the real reason.” Morgan was a mastermind when it came to knowing and being able to read his enemy. He knew his limits but he was able to sense theirs as well. He was thus able to navigate himself through the competition to end up on top.

How He Built An Empire: J.P. Morgan’s Success Factors
When J.P. Morgan was at the peak of his career, the Wall Street Journal had this to say of his success: “God made the world in 4004 B.C. and it was reorganized in 1901 by J.P. Morgan.”

What is a Small Business Administration (SBA) Loan?
As a new entrepreneur looking for capital, one of your first options for a loan will be a SBA-backed loan. SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. (You are still liable for the loan, so your obligation does not go away) This makes it easier for banks to lend to budding entrepreneurs, but it does not mean that the bank can lend indiscriminately. The bank will analyze the application to protect its interest as well as the SBA’s.

The Roles And Responsibilities Of The Canada National Bank
Canada National Bank is the central bank of Canada. Although, it is important to know that it is not a government department. It is rather a crown corporation owned by the government. Though its activities are almost independent, its earnings go to the federal treasury and shares are directly held by the finance ministry. Besides that, it is not the federal public service agency but the bank itself that regulates the employees of this bank. It was after the introduction of the 1934 Bank of Canada Act that gave this bank the monopoly on the issuance of banknotes. The value of the Canadian dollar depends upon the actual amount of money created by this bank. Its main task is to promote the financial and economic well being of Canada.

A case for a business plan - September, 11’s lesson for small and medium business owners
Many of us know the story of Morgan Stanley, the global financial services firm and largest tenant in the World Trade Center, who lost ONLY 6 out of its 2,700 employees on September, 11. But did you ever wonder why? Why only 6 employees (including Morgan Stanley’s head of security)? And what on earth can this story tell us about business plans?

How to get bank funding in five essential steps
As we all know, persuading your bank to give you funding is a much trickier business that it used to be. So if you're an entrepreneur or growing company relying on bank finance, it is essential to have a healthy relationship with your bank.

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