03/09/2026
Earlier today, Desmond Bredu, Head, Client Coverage, Stanbic Investment Management Services (SIMS) joined other panelists at the MTN SME Accelerate Financial Literacy webinar.
Speaking on the theme, 'Making Money Moves: Building a Financially Smart and Sustainable Business,' he explained that earning and managing money require two different mindsets. Earning requires risk-taking, like investing in inventory or expanding operations, while managing requires discipline and frugality.
He also warned against lifestyle inflation, where personal spending rises with revenue, and advised business owners to avoid unnecessary luxuries.
His practical takeaway was simple: track every expense. Use tools like Excel or mobile money apps to stay on top of your cash flow.