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Let’s talk about cash, baby! 28 ways to manage your everyday money

A couple of weeks ago, I had the pleasure of presenting another workshop at The Lounge presented by Modewest Magazine. And this time we talked about – you name it – CASH! Well actually we talked about cashflows… and budgets… and how to manage our everyday money as business owners.  Another excellent day with great participation and engagement by all, especially given the confronting nature of the topic!Continue reading

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When it comes to income… diversify, diversify, diversify

Income diversification. I learned the meaning of this term early in my career in financial services. At that time, the definition that was most relevant for me was this one… “A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique contends that a portfolio of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio.”Continue reading

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The “Catch-22s” of starting and running a business

In my consulting practice, I come across business owners at all stages of their business’ life. This week, I realised that starting and running a business is full of Catch-22 scenarios. For those not familiar with the term, a Catch-22 is a requirement that cannot be met until a prerequisite requirement is met, however, the prerequisite cannot be met until the original requirement is met.Continue reading