@BlehisBack Taking a course actually gives the foundation but someone needs domain knowledge to understand drivers. I was once tasked with building a Private Credit Fund Model for fund raising exercise. I need to learn the principle of waterfall distribution of the fund btw LP and GP.
@IyelolaIge That's where emotional intelligence comes in. He let his emotions control his actions. He can do better. Maybe frame the request in a better way for her to comply with him.
@MoveWithPeace For me, it was the word of my b
Business Studies teacher who said "As long as people still use money as a form of exchange, accounting, economics and business studies will always be needed." That statement sticks to my brain till today and it's actually true.
The authenticity of this image needs to be questioned!
Even, using known information to derive the unknown information. The math is still not "mathing".
6. Lastly ,Staff incentive structure: instead of fixed salary, pay them a base salary and % of revenue if they meet target. You can't be greedy. They monitor your business while you focus on other money making activities.
Have a good day. I drop my pen here.
From the scenario, it seems the business is profitable and decisions to close shop shouldn't't have been the last option. Here are the problems I diagnosed with your story and how you could solve it:
Thread
Opened a PlayStation shop in 2021 to augment with my salary. Ensure everything I bought was standard included ensuring there was a generator to power the play incase of light out..
Infact I was the first person to have a PS5 & 4 shop in that area so the odds of making it was high.
On the first day of opening I was told to keep game playing free but limiting so people can come in which I did.
Business started and the first day was great, I made 45k then I brought in someone to handle since I go to 9-5. Infact I made sure every guy that played more than 5 games had 5 piece of condoms.
Second day I made about 70k so it seems like a good business so I focused on office and only came evening to see the Boardman but collected money by weekends only.
By second week uncle wasn't reminding 10k daily again and by third week he remitted 20k as weekend money.
Sacked him and employed another, first few days was great but after 1 week he changed too. Any day I decided to stay at my shop I made close to a 100k but when I leave for them money never comes.
After 6 months I was removing money from my pocket to run the shop because they kept spoiling the different games. .
One day I was in my office and unsettled so decided to visit the shop during launch time only to realise my shop was empty, boardman has stolen everything and ran.
With the help of us boys around I tracked him down where he had stolen 3 40inch TV and 2 Ps3. I recovered what I could recovered and dashed them out.
Swore never to open a business again if I won't be on ground to run it myself.
Never open a business if you won't be available..
4. Install a CCTV monitoring system( remote access).Install cameras covering:
Entrance,Playing area,Cash point.
You can monitor from your office in real time.This alone reduces theft by 70%.
5. Have an Asset register and tagging. This should have asset name,ID,Qty and condition.
@jannygel I find AAAF more challenging than other subjects at a professional level. The talk too much repeating the same things. Very annoying but I don't have the choice to like it if wanna pass it
@officialladi_T@alikaliusman1 I prompt Claude to help build a robust Portfolio management Tracker. It did perfectly. However, there is an error in the formulas which can jeopardize the report. If I don't know about excel, I can't challenge the structure. So learning it is still worth it.