Who is your Accountant?
MSME AFRICA
Africa's leading news and resources platform for Micro,Small and Medium Enterprises
Dear Employer of Labor,
Salary week just ended! And I know you pour your heart and soul into your business. But, in the hustle and bustle of managing operations, it's easy to forget one crucial aspect: paying yourself.
This is why I want to know who your accountant is, so I can sue him or her if they have. never mentioned to you that you should be on the company’s payroll?
Don't tell me to calm down! Because, you know what, at the end of each month, It's tempting to prioritize paying bills, suppliers, and employees over your compensation.?
Why???? Don't you deserve some compensation too? You need to be taken care of too! Anyone who works must eat after labour.
I hope you know that knowing you're taking care of yourself financially can boost your motivation and energy, helping you tackle business challenges with renewed enthusiasm. It even encourages financial discipline. The easiest way to achieve this is to work with your Accountant to set a regular pay schedule, determine a fair salary for you , and automate the process.?
Before you crucify me, paying yourself a salary is not out of place; it's essential for your well-being and the long-term success of your business. It is also a way of treating the business as a separate entity from your person. It also means you don’t just dip your hand into the business purse as you are meant to take care of your personal expenses from the salary the business pays you. Make paying yourself first a priority. Your business – and your financial stability – will thank you.
Here's what I have for you today:
BGS APRIL 2024 Recap
Did the economic forecast leave you feeling a little... uneasy about your sales goals? Well, worry no more! Our virtual Business Growth Series event on "Selling in a Challenging Economy, which was held on Tuesday, was a masterclass in navigating turbulent markets, even though it was FREE!.
Even if you missed the live session, you can still be a sales superhero! Head over to our YouTube channel to catch the replay featuring the incredible Seyi Oke, a sales and marketing guru who went above and beyond to deliver actionable strategies. watch the replay and transform your approach to selling today! Here is the link?
See some feedback we got after the event
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Call For Content Contributors
We currently seek to onboard content contributors who will write regular content that will be published on our website (www.msmeafricaonline.com). You will be at liberty to write at your convenient interval.
Our Content Contributors can write on various topics relevant to our audience ( MSMEs, Startup Founders, Business Owners, and entrepreneurs) ranging from Business Funding, Marketing, Sales, Branding, Technology, Digital tools and marketing, Finance, Business Management, and other related areas.
By becoming one of our content contributors, you will be helping businesses to grow through the insights you share while also positioning yourself as a subject matter expert and thought leader. Kindly complete the form here: bit.ly/MSMEcall4contributors?
Trending News
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The Federal Government has opened a portal for Nigerian youth to register for $617 million worth of up-skill and startup funding, as announced by the Bank of Industry (BOI) in a statement on Monday. The Federal Government has opened a portal for Nigerian youth to register for $617 million worth of up-skill and startup funding, as announced by the Bank of Industry (BOI) in a statement on Monday. READ MORE?
RevUp Women Initiative Empowers Ten Women Entrepreneurs with $100,000 in Grants
Ten women entrepreneurs were recently honored and awarded $100,000 as part of the RevUp Women Initiative during its highly anticipated Business Showcase event themed ‘Investing in Women, Inspiring Futures.’ READ MORE?
African Oil and Gas Leaders and SMEs to Explore Investment Opportunities at OTC 2024
Executives and Small and Medium Enterprises (SMEs) from the African oil and gas sector are gearing up to discuss investment opportunities and collaborations at the 2024 Offshore Technology Conference (OTC) in Houston, Texas, USA.
MTN Nigeria Enterprise Business Launches Meetings+ Video Conferencing Platform for SMEs
In collaboration with SpeechLogix and Zoom, MTN Nigeria Enterprise Business has introduced Meetings+, a video conferencing platform tailored for Small and Medium Enterprises (SMEs). The General Manager of Business Enterprise at MTN, Mr. Charles Okonkwo, announced this during the launch press conference held in Lagos. READ MORE?
SMEs Urged to Reposition Brands for Competitive Edge
Charles Okonkwo, General Manager of Enterprise Marketing at MTN Nigeria, advised small and medium enterprises (SMEs) to prioritize brand repositioning to thrive in the current competitive landscape. Speaking at the Ecobank MySME Growth Series webinar, Okonkwo emphasized the importance of SMEs paying closer attention to their brands to establish deeper connections with customers and stand out in the crowded market.
Opportunity Galore
Call For Applications: ARM Labs Innovation Program 6.0 for early-stage Entrepreneurs ( Up to $50,000 in funding)
领英推荐
Calling all Early-Stage Entrepreneurs! Are you passionate about innovation and looking to bring your ideas to life? The ARM Labs Innovation Program 6.0 is a pre-accelerator program designed to help you refine your business ideas, develop your products or services, and get ready for further investment. This program offers up to $50,000 in funding and is a great opportunity to take your startup to the next level. APPLY HERE?
Call For Applications: NBA AFRICA Triple Double Accelerator 2024 For Startups and Entrepreneurs ( Up to $140,000 in cash)
Calling all African Startups and Entrepreneurs! Are you looking to grow your business in the sports or creative industries? The NBA Africa Triple Double Accelerator 2024 program is designed to help you do just that. This program offers mentorship, workshops, and up to $140,000 in cash prizes to help you take your business to the next level. Apply today! Here's the LINK
Call For Applications: UNESCO International Fund 2024 ( Up to $100,000 Prize)
Does your project celebrate cultural diversity and creativity? Apply for the UNESCO International Fund 2024 and gain up to $100,000 to turn your vision into reality! This is a chance to make a lasting impact on your community's cultural scene. APPLY HERE?
Call for Applications: The Platform Young Professionals Bootcamp 2024 for young Nigerians
Young Nigerian Changemakers Wanted! Apply now for The Platform Young Professionals Bootcamp 2024. This 4-day intensive program equips high-achieving young Nigerians (ages 20-25) with leadership and business skills to become the future leaders transforming Nigeria's economy. Don't miss this chance to gain mentorship, critical skills, and a network to drive your success! APPLY HERE?
Call For Applications: Unicorn Kingdom Global Tech Awards for Tech Startups in Africa
Attention African Tech Startups! The Unicorn Kingdom: Pathfinder Awards are seeking innovative startups specializing in:
Come and showcase your talent on a global scale and gain access to exciting opportunities. Apply NOW and be a part of Africa's thriving tech future!?
Entrepreneurial Origins
Last week's trivia
Who founded Jumia, often dubbed Africa's first unicorn and the largest e-commerce platform on the continent?
a) Strive Masiyiwa
b) Tewolde GebreMariam
c) Sacha Poignonnec
d) Ashish Thakkar
The answer is C Sacha Poognnec
Today's Trivia
Which African country is home to the largest mobile money market in the world, fostering a vibrant ecosystem of digital financial services and entrepreneurship?
a) Rwanda
b) Tanzania
c) Uganda
d) Ghana
What is the correct answer?
Enterprise Chat
Are you feeling lost in a sea of accelerator programs and funding options??
This video is your life raft! MSME Africa's very own founder, Mr. Seye Olurotimi cracked the code on these programs and helped you find the perfect fit to propel your business into the stratosphere. Say goodbye to applying to the wrong accelerators and missing out on dream opportunities. Click the PLAY button and learn how to choose the program that will take your business? to the next level! Watch it HERE.
Remember to subscribe to our channel and share with other business owners you know.
MSME Africa Tip of the Week
Embrace the Power of 'Good Enough'
As entrepreneurs, we often strive for perfection in our products, services, and businesses. However, this pursuit of perfection can lead to analysis paralysis, delays, and missed opportunities. Remember that 'good enough' can be, well, good enough! Sometimes, it's better to launch a 'good enough' product or service, gather feedback, and iterate than to wait for the perfect solution.
Don't let the quest for perfection hold you back from taking action and making progress. Embrace the concept of 'good enough' and keep moving forward. You can always refine and improve later.
This mindset will help you launch faster, test assumptions, gather feedback, iterate and improve.
So, go ahead and embrace the power of 'good enough' this week. Your business (and your sanity) will thank you!
I hope you find this newsletter informative and inspiring. Remember, business success is not just about seizing opportunities but also about staying informed and connected.
Till next time
Ododoola, MSME Africa?