@gideonodoma SIR thank you very much for your teaching i follow it fully, it has change my life and made me grow as a christian. The lord is your strong carry on SIR.
@Fola871@IgboHistoFacts The matter of fact you have not met one doesn't mean they are not out there change the circle of igbos around you and find out. You when you have such believe you will only attract such people to further drive you perception. I have moved round nigeria and I can tell you that
@Fola871@IgboHistoFacts The problem this is that when it's who are in line to get to place of power an it is prevented the more the whole biafra talk gain grounds the fact is their are ibos who believe in one nigeria you can't say all ibos behave the way u describe. involve dem and end biafra talks
@icankore@TheBeninBlogger I think you are missing the point. The fact is that there is nothing wrong with your wife joining the conversation with your friend but to avoid allow turn to allowance you set boundaries so see finish no go enter and respect still remains expect u ask for her opinion
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This is why the AES countries—Mali, Niger, and Burkina Faso—renamed most of their colonial towns, streets, and other places to indigenous ones. It symbolizes conquest.
HOW TO PAY YOURSELF AS A SMALL BUSINESS OWNER
I came across this online, and since I’ve tried it myself, I can confidently recommend it to any small business owner (SBO) struggling with cash flow.
One major mistake most SBOs make is running business transactions through their personal accounts. This rookie mistake often leads to overspending and poor financial control. To avoid this, you must have two separate accounts: one for your business and one for personal use.
All business expenses should be paid strictly from the business account. This makes it easier to monitor expenses and accurately determine your profit margin at the end of a given period.
I also recommend using a simple Excel template to record and track your revenue and expenses daily. This way, you can easily assess the financial health of your business at a glance.
At the end of the month, after deducting all expenses, such as staff salaries, raw materials, supplies, staff motivation, transportation, marketing, taxes, miscellaneous costs, etc., from your revenue, whatever remains is your income.
This is where many SBOs become lazy and undisciplined. They start spending the income recklessly because they believe they can always make the money back and don’t answer to anyone. After all, it’s “their money.”
You can not have this mindset if you plan to grow and expand your business.
Instead, do this:
1. Pay yourself 50% of the income as an employee
There is you, and there is your business. Treat your business as a separate entity. When closing your books for the month, pay yourself a salary just as you pay your staff. Transfer this 50% into your personal account. This should cover your personal savings, expenses, and enjoyment.
2. Reinvest 30% of the income back into the business
This does not have to be spent immediately if there’s nothing urgent to purchase. You can set it aside until it’s enough to acquire new equipment or fund business growth. Just ensure the money is strictly reserved for the business.
3. Use 10% to pay off debt or business loans
If your business is debt-free, you can add this percentage to your business savings.
4. Save 10% in an interest-yielding platform
This savings is for your business, not your personal savings. Over time, it helps build financial stability and future expansion capacity.
I hope this helps someone out there. Financial discipline is especially challenging when you run a business that brings in daily income, but it’s also what separates sustainable businesses from struggling ones.