Can businesses save for Rainy Days or Invest to Grow the value of their business?

Today I brought Thato Kgasa from Bifm back, to speak on how businesses can save for a rainy day or even invest to grow the value of their businesses.

The one thing I always talk to my SME clients on is having at least a 6-12 months emergency fund savings for rainy days to cover fixed costs such as salaries and rent on days when payments from clients are delayed or there is no cash inflow for whatever reason. One thing about running a business is that rainy days occur more often than not. Now that COVID19 hit, most businesses were hit had because there were no emergency fund savings for rainy days.

We spoke on the how you can save and how much to put aside.

Emergency Fund Savings is not only for Personal Finances but for Business Finances too.

We also spoke on how a business can invest a part of their revenue for different reasons, such as raising a deposit for business growth.

Thato and I spoke on the different products that Bifm to offer for the businesses that need to be making those emergency funds savings or invest for any other reason.

I hope you find this conversation valuable to help you plan better for your business.

Happy Listening. Link here https://youtu.be/dCKtK9ZgM8o.

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Have a good one.

Today we had Refilwe Lesolle, Senior Sales Consultant from Motswedi Securities. Motswedi Securities is a broker that helps people invest into the stock market.

Our conversation was about as a Stock Broker, how do they help you invest into the Botswana Stock Exchange? 

She shared the process of it, the risks and benefits as well as roughly how much one needs to invest.

We also discussed the costs involved to invest in the stock market.

Who can invest in the stock market? She answered this question.

Happy Watching and Listening, I hope this content is helpful to you. The purpose of these recordings is to educate you as much as possible on how you can grow your money.

How the Stock Market Works with Thapelo Moribame

Today we interviewed Thapelo Moribame, Head of Market Development at the Botswana Stock Exchange.

We had a conversation about what the Stock Market is, The Botswana Stock Exchange and how it works.

Thapelo explained how a company lists and how can invest on listed companies.

We also discussed the benefits and risks involved.

This conversation was to enlighten you on how to invest in Stocks and Bonds and as well encourage you to invest.

Companies that were affected by the COVID19 Economic challenges, this would a good one for you as well.

Today I had Tshepo Ntshole and Tumie Nthutang in conversation about running a Creative Business. I believe they are Lady Powerhouses in their area of work and I tappped into their brains about how they do it.  We touched on a lot, especially on how to manage a creative business like a Pro and make it profitable.  We touched on the challenges Creative Business face and how overcome them.  How to cope during a quiet season was touched at depth and how the ladies are keeping sane.

Happy Listening. 

Today, we interviewed Mr Oabona Kgengwenyane. He is the Founder of Innolead Consulting and Chairman of group of companies Innolead Consulting, Digital Gae Technologies and Manenzo Farming. He specializes in Project Management and Corporate Strategy Facilitation and has been at it for the past 20 years.   In this video he shares a lot wisdom on how to sustain a business during these turbulent times and the strategies he uses for his businesses.   We touched on a lot including the importance of not being dependent on govt business only as an entrepreneur and to be sustainable.   I think you will enjoy this one and learn a lot if you are entrepreneur or aspiring to be one.

Today we had Lulu Rasebotsa on Suero TV. Lulu is the Managing Director of Liberty Life.   We spoke about Life Insurance and why we should make it a priority in our budgets.   We also touched on the different types of Life Insurances, how they work and how they should be aligned to your different stages in life.   Another one that I know confuses a lot people is Funeral Policies, particularly if one person is covered by many relatives. Can all relatives claim?  Lulu answered this.  I for sure learnt a lot from this conversation and I think you would too.