Whether you're building a fintech startup or managing an NGO's funds, this is your call to action:
Educate yourself. Empower your team. Digitally future-proof your finances.
#Finance#Money#Business#Startups
Your business might fail not because of your product nor because of your market fit but understanding the new rules of money in this digital age.
A thread 🧵
3. Risk Control Skills such as knowing to secure your accounts, spotting fake platforms, and keeping your information safe is a necessary tool for this day and age. Managing your risk is just as important as scaling your business.
4. Consumer Rights and Redress Mechanism. How a product makes the customer feel is greater than the functionality of that product. Understanding your rights and how to take action when fraud or data misuse happens is of great importance.
On the path of a rebirth and character reformation, I was reminded that passion starts the fire, but only consistency keeps it burning. This morning, I was energized. I approached my goals with so much clarity that I was feeling unstoppable.
Whether you're learning a new skill, building a startup, or trading in volatile markets, your growth isn’t powered by passion alone. It's sustained by the ability to:
1. Follow through,
2. Stick to systems,
3. And walk away when the plan says so.
In every person there's a business. You're the producer, what are you producing with the available factors of production in your hands? Take a deep breathe and think about your products and your production process.
I use automated apps like MyMoney App to help me keep track of my cash. If at the end of the month, after sticking to your budget, it still doesn't add up, it simply means we need to get more cash in as cash flow is king. Follow for more tips on saving, budgeting, investing tips!
Put these categories into a table. It's the little foxes that spoil the vine. You may realise how much you spend on airtime calling people that don't really care. Your budget is not a cash flow statement. It's only a pointer to where you should put your money for effectiveness.