Absa Bank Kenya’s Post

Understanding how to manage money in your business is key because it affects your survival, especially as we look forward to the last quarter of the year. TIPS ON HOW TO MANAGE MONEY IN BUSINESS: 1. MONITOR SPENDING: As a business owner, you must track your business's monthly, weekly, and daily expenses. Failure to do so can lead to overspending and difficulty tracking spending. 2. SEPARATE BUSINESS AND PERSONAL FUNDS: Combining funds makes tracking withdrawn and deposited funds challenging, leading to disorganized records and missed growth opportunities. 3. CREATE A BUDGET to help set expense and revenue goals, enabling you to know how much your business will make and how to manage its resources. 4. HAVE A CASH RESERVE: Implementing these tips significantly improves cash flow, making it easier for your business to reserve cash for unforeseen circumstances requiring immediate attention. When you implement these money management tips, numerous advantages follow, such as: 1. Allocation of funds becomes easier, eliminating delays in operational activities. 2. Effective money management helps determine your organization's worth. 3. It enables your business to stay afloat and manage downtime. 4. Your business becomes investment-ready due to your financial record-keeping readiness and attention to detail. . . . Maximize the weekend by working on these strategies to better position yourself for next month and beyond. We trust this was helpful? Do let us know in the comments section. From your trusted business partners at Hadi Consultancy Ltd, we wish you a splendid weekend ahead! . . #Wearehadi #moneymanagement #financialsuccess #businessfinancials #businessconsultantinbenin #nigerianbusinessconsultant #nigerianbusinessexpeet

Finance for Non-Finance Managers-"Competition in Business" The absence of competition is the exception in business. Managers need to always be on the look out for competition in business and what it means to the business financially #financetraining #eunoiaconsultants

Talking with a Business Owner on Friday and the discussion of New Years resolutions came up. The client remarked they had a quite simple one 👇 "Try not to do everything on their own and - Try to engage with professional experts who can add value to their business." Simple yet effective. There are many experts out there from Material Handling suppliers, to IT Experts, to Haulage companies, to brokers (Finance, Medical, Insurance and currency) and many more. Engaging with like minded professionals could be the best decision you could make this year. #businessloans #smefinance #financebrokers #bekindtoeachother

Struggling with cash flow? We know that keeping on top of cash flow is one of the most common challenges for SMEs. So here are 6 ways to take control of your cash flow and protect your business. Want funds within 48 hours? Leave us a comment and we’ll tell you how 👇 #SMEUK #CashFlow #SMEChallenges

Q: How can businesses improve their cash flow management? A: Effective cash flow management is critical to business success. By regularly reviewing and managing your accounts receivable and payable, you can maintain the liquidity needed for day-to-day operations and future growth. KSBC offers expert guidance in optimizing your cash flow processes to ensure your business remains financially healthy and ready to seize new opportunities. Let’s discuss how we can support your cash flow management needs. #CashFlowManagement #BusinessFinance #KSBC #FinancialHealth

Q3 is calling, and it's time to expand your business! According to the British Business Bank, 63% of SMEs that secured external finance reported improved business performance. Tailored business finance solutions empower SMEs to thrive in today's competitive landscape. Take action today to learn more about how we can support your business growth journey. 📲https://lnkd.in/dQ-4mhk #RBF #BusinessFinance #FinancialServices #SME

Did you know that 54% of SMEs find the external finance landscape complex and disjointed? 💡 According to our latest SME Confidence Tracker research, there are many challenges being faced by SMEs, including basic knowledge of what flexible finance options outside of traditional bank loans may be available to your business. 🤔 This is concerning as not only can this make you feel overwhelmed as an already busy business owner, but barriers like this to accessing the right funding can hold your business back from achieving its full potential and stunt growth. 👇 Do you find the external finance landscape easy to navigate, or do you sometimes feel lost in the process? Leave your thoughts in the comments below! 📖 For more insights into SMEs or to find out how we can help, click here: #SMEs #AlternativeFinance

There are thousands of SME finance options available. When deciding on what's right for your business, look out for: - How straightforward it is to get approved - The fees and interest you'll need to pay - Whether the funds will be available in time Get in touch today for guidance on all things business finance. #zikucapital #financialadvice #melbourneproperty #melbournebusiness #consultants #dingleyvillage #australianhomes #melbournerealestate

Cash flow management is vital for the success of SMEs. Our latest article delves into the significance of having specific payment runs and guides how to include these in supplier contracts to ensure a buffer and avoid negative cash flow impacts. Discover practical strategies to strengthen your business finances by reading the full article here: https://lnkd.in/dFYDcqzc #SMEs #CashFlowManagement #BusinessStrategy

Bridging the gap between ambitious businesses and their financial partners 💸 Whether you're seeking  - working capital - asset funding - purchase order financing - invoice discounting - expansion capital - bridging finance We can help you. Contact us today! #finance  #financetips  #financegoals  #wefinance #finance  #businessfinance #southafrica