Perhaps you’ve just started a business and you’re ready to get to the next level, but you don’t want to make common mistakes other startup owners make. Running a successful business isn’t just about building a great product or service, it’s about longevity and creating a team who can support your long-term success. Here are […]
Smartest Investments for Millennials in 2019
Millennials get a bad rap for nearly everything, when the truth is this generation is a (generally!) hard working and savvy bunch. A lot of what you are dealing with has been handed down and – let’s face it – you are coming of age during a very stressful time in our country. If you […]
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Succeeding in the midst of chaos | lesson from Dabbawalas
Forget about some technological buzzwords or those fancy business models that fly around in our day-to-day business meetings especially when the meeting involves business consultants. Technology or a fancy building layout will not make a business successful. Substance is what makes a business worthwhile. I have a standard question ready for my clients when they […]
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Accountant view of China Belt and Road Initiative | should we all be worried?
For some time now, I have been closely following the developments in the China Belt and Road Initiative; to be frank with you, I am no longer comfortable with the feelings am having. As a professional accountant who understand some bankruptcy and insolvency rules and fundamentals of economics, I cannot keep quiet any longer. The […]
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Business and politics | should business owners get involved in politics?
I resisted the temptation of putting my thoughts on the relationship between business and politics to paper for so long that I am beginning to feel guilty about so many mistakes that people now make about business and politics. Many business owners have closed shops due to their wrong involvement in politics. There is no […]
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Decision making vs sentiment
I recently came out of a business meeting with a Director of an insurance company with one lesson, ‘Sentiment is the worst enemy of business decision’. The voice of this director kept ringing in my head throughout my 1hr 30 minutes’ drive home from work. Decision-making is not the same as being sentimental as far […]
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Supply Chain Management Is Everything In Business | Get It Right Or Close Shop
Having a robust Supply chain management is everything that a business need to make or mare the growth of every resources put together in a bid to help an entity achieve its economic goals. I know many of my readers are warming up with their inbox messages challenging my assertion in the title of this […]
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What is Credit Notes and Debit Notes | Meaning |Uses | Contents
I usually do not write on term definitions as there are lots of materials on the internet and other sources to cater for these. However, my readers and followers are the reason I set up this accounting blog some 10 years ago. This article is written in response to a request from a subscriber to […]
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Critical Thinking Skills for Accountants
Critical thinking skills for accountants are nothing like the unconscious kind of thinking that we engage in on a daily basis. It takes more than doing those things that we do without thinking. Critical thinking for accountants takes conscious effort and can either be done correctly or badly. One cannot fully harness the potential of […]
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Neglect Data Mining And Business Analytics At Your Peril
Data driven leaders have long realised the importance and significance of leveraging on the power of data analytics in both economic and non-economic decision-making. Leadership in today’s world means not only having key data available but also at the right time, right place and right format ready to be used to take swift action. Turing […]
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Financial Wellness for Optimal Work Place Productivity
A lot has been said and written about how to improve the productivity in the workplace; so I will not classify this article as a ‘how to’ of improving workplace productivity rather, my intention for writing this article is to provoke the performance management thinkers into revisiting the existing generally accepted performance measures that has […]
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Lean Six-Sigma Triad is Key to Improving Financial Performance
Organizations spends too much money looking for ways to improve their financial performance and fortune when all that is actually needed is to tap from the fundamental principles behind Lean Six Sigma which are dead simple. What is Lean Six Sigma Triad? When it comes to improving financial performance of an organization, lean six sigma […]
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How accounting and finance team add value to small businesses
This article on how accounting and finance team add value to a business is written as an addendum to an article about accounting and finance department not being a cost centre anymore. Without wasting much time, I will go ahead to state and briefly explain how modern accounting and finance team add value to any […]
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HOW TO AVOID EMPLOYEE APPRAISAL PROBLEMS
Attrition level will drastically come down if managers understand how to avoid employee appraisal problems. Understanding how to avoid employee problems will ensure that managers and business owners will not waste precious time micro managing people. Most of employee motivation issues come from wrong kind of employee appraisal and employee reward scheme being administered on […]
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Accounting and finance department are no longer cost centres
In my previous piece on the functions of accounting and finance department, I made some point about accounting and finance department being more than just a cost centre and have received over twelve emails asking me to do a brief write up on it. This article is written to elaborate on ‘accounting and finance department […]
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Strategy is nothing without result
I have read 100s of books, papers, articles, etc on strategy over the past 10 years to the extent that I can now write my own book on strategy. But, I am not going to do that rather I would ask questions that can awaken the sleeping giants in most people (notice I didn’t say […]
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New Thinking is needed to Survive new Digital Economy
New thinking is what the current digital economy requires for proper business management that will guarantee sustainable development especially now that doing business is getting tougher by the day. The goal post has been moved severally and the only sure-fire way to be in competition is develop the habit of new thinking that is hinged […]
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6 BUSINESS IMPACTS OF DATA SCIENCE AND MACHINE LEARNING
Business impacts of data science and machine learning are beginning to unfold and only the well positioned businesses will take time to analyse and tap into the insights derived from analysing the business impacts of data science and machine learning. There are other game changers like Blockchain, DevOps, Agile Computing, SaaS, Edge Computing, Analytics, IOT, […]
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CHALLENGES FACED BY ACCOUNTANTS OF TODAY AND TOMORROW
CHALLENGES FACED BY ACCOUNTANTS OF TODAY AND TOMORROW This article on the challenges faced by accountants is a modern version a similar piece on the problems faced by accountants in the Google age that wrote some 7 years back. Then things were still relatively done in the business ecosystem. CHANGE HAS COME Things have really […]
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How To Attract And Retain Top Accounting Talents
Hire your competition’s best employees before they come hiring yours Attracting and retaining accounting talents is getting harder by the day according to a recent poll by a top recruitment agency (did not include the name as I don’t want this post to serve as any form of endorsement). Companies in this now economy require […]
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Discover How To Grow Your Business Using Integrated Thinking And Strategic Thinking
Discover How To Grow Your Business Using Integrated Thinking And Strategic Thinking Integrated thinking and strategic thinking are two powerful business decision making tools that can help even novice managers navigate the business environment unscratched. Small and medium size businesses are increasingly embracing these combos to run successful small business that is envied by all. […]
