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5 Common Financial Mistakes that Kill Small Businesses in Africa.

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I’m sure you would have heard the notorious statistic that nearly  80 percent of small businesses  that start today may die within the first 18 months. This is both a sad reality and a mind-blowing suicide rate by any measure. I call it ‘suicide’ because most small businesses actually kill themselves without knowing it. Entrepreneurs and small business owners often form bad habits and make harmful decisions that ensure their businesses don’t survive. Don’t get me wrong; a business can fail for several different reasons. Some of these reasons are external (like a bad economy) while many of them are internal (you and the way you run the business). Sadly, poor financial management is one of the biggest internal reasons for business failure. This article looks at five common finanical mistakes that small businesses make in Africa. If you already run a business, no matter how small, you may already be guilty of a few.  Let’s find out what these mistakes are… Yes, it’s ...

HOW TO CHANGE THE WORLD

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Naval Admiral William H. McRaven returned to his alma mater last week and spoke to the graduates with lessons he learned from his basic SEAL training. Here’s his amazing Commencement Address at University of Texas at Austin 2014 from Business Insider. The University’s slogan is, “What starts here changes the world.” I have to admit—I kinda like it. “What starts here changes the world.” Tonight there are almost 8,000 students graduating from UT. That great paragon of analytical rigor, Ask.Com says that the average American will meet 10,000 people in their lifetime. That’s a lot of folks. But, if every one of you changed the lives of just ten people—and each one of those folks changed the lives of another ten people—just ten—then in five generations—125 years—the class of 2014 will have changed the lives of 800 million people. 800 million people—think of it—over twice the population of the United States. Go one more generation and you can change the entire popu...

LATEST CANCER INFORMATION

LATEST CANCER INFORMATION from Johns Hopkins AFTER YEARS OF TELLING PEOPLE CHEMOTHERAPY IS THE ONLY WAY TO TRY AND ELIMINATE CANCER, JOHNS HOPKINS IS FINALLY STARTING TO TELL YOU THERE IS AN ALTERNATIVE WAY … 1. Every person has cancer cells in the body. These cancer cells do not show up in the standard tests until they have multiplied to a few billion. When doctors tell cancer patients that there are no more cancer cells in their bodies after treatment, it just means the tests are unable to detect the cancer cells because they have not reached the detectable size. 2. Cancer cells occur between 6 to more than 10 times in a person’s lifetime. 3. When the person’s immune system is strong the cancer cells will be destroyed and prevented from multiplying and forming tumors. 4. When a person has cancer it indicates the person has multiple nutritional deficiencies. These could be due to genetic, environmental, food and lifestyle factors. 5. To overcome the multipl...