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Borrowing Money There’s a pervasive myth that no debt is good debt. Whenever we’re talking about owing money these days, it’s almost always in a negative light. You hear it every day: homeowners are underwater, the national deficit is surging, consumers are saddled by shortsighted credit card spending, the nation’s graduates are buried under student loans. For businesses, the truth about debt is far less ominous. As the high finance set understands, not all borrowing is bad. For small .....

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Managing risk is in entrepreneurs' DNA.   Merriam-Webster defines an entrepreneur as "one who organizes, manages, and assumes the risks of a business or enterprise." Dictionary.com states that an entrepreneur is "a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk." There are more than 25 million of them in the U.S. alone. You may notice that the word "risk" comes up in both. Entrepreneurs have long been associated with.....

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The money you don't waste is the easiest profit you can ever earn.  Businesses are supposed to make money. So why do small-business owners waste money on things they don’t need? According to Business Insider, cash-flow problems account for 82 percent of all small-business failures. That’s nearly double the second-place factor (no market need for the product). If you run a small business, you're more likely to succeed by selling a product no one wants than you are with a weak cash flow. .....

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Aside from the occasional indulgence, most financially successful people keep a close eye on their budgets and bank balances.     People have struck it rich by launching social media startups, inspiring wildly successful crowdfunding campaigns and writing wizard-themed best-selling books. But most successful people have far more boring backstories of accumulating wealth through savvy spending and smart saving strategies. Aside from the occasional indulgence, most f.....

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Summary Paying yourself a regular salary commensurate with your input is the first step towards ensuring a healthy cash flow. I walked into one of my client’s office slowly trying to control my anger; promising myself to state my case firmly but with civil calmness and composure regardless of the response I get. I supplied goods to the client last December but he is yet to pay to date. The director was not in so I was received by the accountant who is also the chief administrator. .....

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To compete in Africa’s diverse mobile money markets, banks must offer distinctive mobile and digital services not only in payments and deposits, but across the spectrum of financial services. Africa is the global leader in mobile money, which has become an important component of Africa’s financial services landscape. Mobile network operators (MNOs) have dominated mobile money services in Africa for the past decade. More recently, fintechs have established a solid footing in the market, and .....

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The economic development of any country is undoubtedly dependent on its financial system. A strong banking system, alongside efficient financial markets, are essential for economic growth through resource mobilisation, investment, facilitation of trade and risk diversification. Some countries still suffer from poverty, low income and a high unemployment rate because they can’t find the right path to build a strong and credible financial system. A large concentration of these countries are in A.....