Financial experts have advised Small and Medium Scale Enterprises owners and operators on essential tips that will help them create and manage their wealth successfully, especially in the tough economy and business climate.) Business Series hybrid event at the bank’s Head office in Lagos, the financial experts and entrepreneurs noted that discipline, consistency and diversification are key requirements for wealth management.
“As business owners, we need to see money as a tool rather than a goal. Money is a moving target, and we need to ensure discipline in our spending habits. Savings is a culture that should be imbibed, as your little savings today could help to do something big tomorrow,” Omofaye stated, as he also emphasised the need for diversification in making financial decisions.
Earlier, while welcoming the panellists and participants to the event, Head, Transaction Banking, Osilama Idokogi, explained that the UBA Business Series is a regular capacity building initiative organised by the bank where business leaders and entrepreneurs gather to share insights on best business practices and how entrepreneurs can build a sustainable business empire especially in Africa’s challenging business environment.
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