the pride of Africa's women entrepreneurs
by Thandekile Moloko
Many of us have well wishes for the new decade that many have crowned 20-plenty. With the pandemic ushering us into a year that doesn’t really seem like plenty, there are a few things that we need to bear in mind. Sure, these are trying times, we are all worried about our families, mental wellbeing, job security, and the ever so important financial security. This period of our lives has somewhat placed a spanner in the works of what is meant to be a great year.
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by Thandekile Moloko
An integral part in the running and growing of a business is finding an optimal balance of managing revenue and expenses. This is one aspect of financial management that cannot be disregarded. In most cases, the management of your revenue and expenses can be the lifeline of the business. It allows for a longer runway to achieve the financial and expansion goals set out for the business.
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by Thandekile Moloko
If you own a business, or are part of a business, the compliance process of documenting the finances of the business may be a bit tedious, especially if your main intent is to make money and create an empire in the process. However, there are jewels of wisdom in financial statements that can help you best run your business and help you make better business decisions. Thus, it is important to understand the basic techniques of interpreting financial statements.
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by Thandekile Moloko, Wealth Coach & Wealth Manager
Scaling, which is also synonymous with economies of scale, is a business term which in its truest form means expansion. It is being able to be profitable when demand has increased for your services or goods. It is the ability to increase supply and still maintain or reduce costs. In scaling your business, you need to make sure that your expenses work for you and produce the ultimate profits.
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