How This NFP Supports Business Owners In Managing Their Finances

  • 📰 ForbesWomen
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Jill Johnson, co-founder and CEO of the Institute for Entrepreneurial Leadership (IFEL), is working on her mission to increase Black and Hispanic wealth through her non-profit organization.

1. Focus on the numbers in your business

Knowing your business numbers, having good money management skills, and creating profit in your business will build your wealth as a business owner.What makes a saleable business is to build a company that does not need the business owner in it to operate it. Automating processes and systems brings value because the business will run without you.

The bottom line is that when business owners are given the financial information they need to manage the money in their business well, they will create profit in their business and increase wealth. This is information that should be accessible to everyone. Many people have great concepts and traction in their business, but they really need to have a few doors open to them. The systems will change when we all do our part to be more inclusive and open doors for others, which applies to everyone across the board.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 477. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines