the pride of Africa's women entrepreneurs
by Sylvia Walker
Whether you’re starting a new business, or on your way to success, managing the money aspect can be tough. In the early stages, you are the business and lines are easily blurred between your personal and business finances. You may find yourself paying for business expenses from your personal bank account, or maybe buy some groceries or other personal items, and charging it to the business.
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by Sylvia Walker
To say that it’s a tough business environment right now is an understatement. While many of us are trying to put food on the table, others simply have no income. Adaptability is key and we have to rethink how we operate our personal as well as business finances. New circumstances are creating a new normal for us. Some tips and pointers as to how to adapt and switch our thinking.
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by Sylvia Walker, author of SmartWoman
It’s been a tough year financially as the world has reeled under the impact of Covid-19. For many, the financial impacts have been far-reaching and it’s been a daily battle just to keep afloat. As the economies slowly start opening up again and business start operating, some people are left with financial devastation – how and where do you start rebuilding and moving ahead?
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by Sylvia Walker, author of SmartWoman
The world is in crisis, grappling with a new reality. With lock downs and other rules to curb the spread of the Coronavirus, money issues have rocketed to the fore. Many business face ruin as they cannot operate, individuals find themselves off work with no pay, others may be on short pay and yet others are being retrenched as their businesses can no longer operate. Some are fortunate, though, in that they can work from home, or are being paid by their employers irrespective of whether they are working or not.
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by Sylvia Walker, author of SmartWoman
It’s that time of the year again when we are bombarded with messages enticing us to spend money, and the heat is on in terms of spoiling those nearest and dearest to us. So much expectation is created around this season - entertaining, socializing, gifting and more. While it’s a wonderful time to connect with family and friends, it’s also a very easy time to fall into the trap of over-spending, leaving a financial hangover to deal with as you enter the new year.
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by Sylvia Walker, author of SmartWoman
Ever walked into a supermarket intending to buy only a few items, and ended up walking out with bags and bags of goodies, and a good few hundred Rand poorer? Granted, we have to eat, and for that to happen, we have to shop, but is there a way to shop smarter? Here are some shopping hacks that help you to keep your grocery bill in check…
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by Sylvia Walker, author of SmartWoman
No one likes to think about dying, let’s face it, but it is one of those life certainties, like taxes, that’s impossible to avoid! And while you can’t dodge the tax man, many people neglect to draw up a will, either because they have more pressing priorities, or because they want to avoid thoughts around death. As a woman once said to me, “If I draw up a will, I will die!”
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by Sylvia Walker, author of SmartWoman
Stuck in a financial rut? Maybe too much debt, too much retail therapy, too much of a people pleaser, too little money, or just not sure how to take control of it all? Financial freedom is within your grasp. By changing your outlook, you can change your life.
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by Sylvia Walker, author of SmartWoman
New year, new ideas, new goals, blah blah blah! There is always so much hype around each new year and how this year things will be different. It’s interesting, though, that a calendar year is man-made – there is no difference between 31 December and 1 January, except perhaps that it’s a milestone. And this I think is key – for many of us it’s a way of measuring ourselves and the progress we have made in life – a way of benchmarking our situation and comparing where we were and how far we have come.
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by Sylvia Walker, author of SmartWoman
Every now and then I come across someone who has a burning desire to write a book. Whether it’s to see their name in print, or to achieve some kind of status that goes along with being a published author, it’s a serious bucket list item for many. This always takes me back to my own situation and how I fell into the world of writing books. I use the word “fell”, because it was never a burning desire of mine to write a book. Although I had written a fair amount of material in my professional career, I had never considered the idea that I might be an author at some point. I had not even studied languages at university.
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by Sylvia Walker, author of SmartWoman
You have worked hard to get to where you are and it feels good to be reaching your goals. However, you might not be alone in enjoying your success – many young professionals today feel pressurised to ‘pay back’ and support extended family members who may not be as fortunate.
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by Sylvia Walker, author of SmartWoman
It’s always easy to start something new, but not always easy to stay the course. Starting a new project, a new business or even an investment plan, for that matter, is exciting - you have a vision of where you are headed and you are fired up, motivated and focused.
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by Sylvia Walker, author of SmartWoman
Don’t be fooled into thinking that just because you are bestowed with brains, you will make great investment decisions. In fact, it could be quite the opposite - many a clever person has made some really bad decisions over time.
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by Sylvia Walker, author of SmartWoman
I have yet to meet an investor who hands over their hard-earned money and says, “Invest it in a high risk investment, I love to take chances.” Unless one is talking about cryptocurrencies, but that’s a whole different story.
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by Sylvia Walker, author of SmartWoman
Did you invest in Bitcoin and have you made some good money? Or is your investment worth less than what you put in? Either way, Bitcoin and cryptocurrencies in general have taken the market by storm, despite warnings from some of the world’s oldest and most reputable financial institutions.
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by Sylvia Walker, author of SmartWoman
I am not a great believer in New Year’s resolutions, as they generally tend to be forgotten within a week or so! But what each new year does bring us, is a time of reflection, and from a financial point of view, a desire to perhaps improve ourselves over the next twelve months.
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by Sylvia Walker, author of SmartWoman
The festive season is upon us. For many people, the pace slows down, and we may take some time off work, spend quality time with family and friends, and perhaps even go away on holiday. Whatever shape your festive season takes, it’s an extra expensive time of the year – apart from the obvious giving of presents, we also tend to eat more, socialize more and generally spend more.
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by Sylvia Walker, author of SmartWoman
Most of us will all need to apply for credit at some time in our lives, and as an entrepreneur, this is almost a certainty. By taking ownership and being pro-active in managing your credit, you can avoid any unpleasant surprises and make sure that financial support will be there when you need it most.
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A healthy mind is as important as a healthy body. If not more so! October has been declared national mental health awareness month in South Africa, and it is virtually impossible to talk about mental health without talking about money. There is often a very close link between financial stress and poor mental health.
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Starting or running a business is hugely taxing and it’s easy to be driven by money, particularly in the early months. You want to focus all your energy on making it a success, but it is easy to fall into the trap of materialism. Money and wealth is equated to success and we all want to be successful. However, it is important to realise that money is only one aspect of our lives – it cannot be our sole driving force. So where does our money fit in?
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