Starting the new month on a good note ππππ
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Not making a choice, it's a choice itself.
Personally or in business, you've got to take risks from time to time.
Monday β¨
#TCM#Timog#timogconsulting
By staying on top of these things which can be done through proper accounting and finance management, you can make better decisions and stay ahead of the competition.
#TCM#Timog
Successful business owners understand their company's financial situation before anyone else does.
This could mean things like knowing how much money is coming in and out, what the company's expenses are, and whether the business is making a profit or loss.
One reason to support the fact that #debt capital is preferred to #equity capital is the #tax savings (benefit) that a business enjoys over #interest payment while there's no such benefit on dividend payment.
Interest is an allowable expenses while dividend is not allowable.
We wish you nothing less but a better Nigeria, this day.
A Nigeria where business thrives easily, the one you'll be proud to say is your country.
Happy New Month π³π¬
#TCM#Timog
Debt is never a problem in business but it's management.
A business can leverage on relationships with her suppliers to finance its business.
Some businesses started with this form of financing and are very much fine later.
It's Monday!
#TCM#Timog
Seasonality is paramount to almost all business.
Studying the trend of inflows and outflows gives an insight and plans should be made accordingly.
Don't be expecting the result of peak season at low season.
It's Monday !
#TCM#Timog
_The interest of Business Owners is the return on their investments. This returns increases where there's reinvestment of profit overtime._
_To ensure a higher return from time to time, focus should include removal of unnecessary or excessive spending.
It's Monday !
#TCM#Timog
A proof of a business' credibility and transparency is a well prepared financial statement sourced from proper book keeping.
Without this evidence, the business will explain a lot of how credible it is.
#TCM#Timog
_We do not wish you less, this month._
_We wish you inflows which surpass your outflows thus giving room for savings and investment._
*_May you have a better August._*
Happy New Month π
#TCM#Timog
_Financial statements that make sense at the end of a period are prompted by daily recognition of transactions maintained in organized books._
This makes a business to easily monitor receivables and payables for timely invoicing and payment collection.
*Good Morning* β
#TCM
All financial transactions within a business must be recorded and tracked as part of the essential financial activity known as Bookkeeping.
#TCM#TimogConsulting
Milestones can only be tracked through a processed information sourced from adequate record keeping - accounting.
Track your business growth with a proper accounting system.
#TCM#Timog
Debt is never a problem, it has always been debt management.
The reason for taking debt should be for investing and the returns should be higher than the cost of debt.
#TCM#Timogconsulting#debtmanagement