http://africafinancestrategyhub.com/

Africa Finance & Strategy Hub, Ikeja G.R.A (2026)

19/04/2023

Hello Dear Business Owner,

It’s a new month. New Quarter, New goals, new opportunities. New things to chase.

Before going too deep into the month, have to do done your MBR (Monthly Business Review) and because it is the end of the Quarter. Have you checked your Quarter performance?

This is what all great companies do. You are probably thinking that your business is too small to be reviewed! That is a misconception. Imbibe all the good habits so that when you grow, it would have become a part of your business routine.

You need to do your monthly business review to be sure your business is on track. At the end of every term, each student takes an exam to be sure they have understood what they learnt in that term.

The same thing applies to your business. So taking the time to look at where you’ve been and where you want to be headed can ensure you chart the right course going forward.

The monthly review meeting is a time for you and your team to review current progress against your target and budgets. This one-to-two-hour meeting should be spent dissecting parts of your plan, reviewing financials, and making adjustments based on overall performance.

When you do this, you will understand where there are problems and how to address them.

How do you do this?

Start with your numbers. Review your Income Statement (Profit or Loss), your Balance Sheet, and your cash flow.

Wait a minute, are you keeping your records. If not, there is nothing to review.

In your income statement check

Your Revenue/ Sales,

Did it grow compared to last month, is it higher or lower than your budget, what happened?

Which product or services contributed more?

Which of the customers spent more, any drop in the purchase from your customers?

Review your cost of sales

Review your gross profit (after deducting your cost of sales from your Revenue)

and gross margin (your gross profit divided by your Revenue). Not just the absolute numbers,

Review your operating expenses?

Was there an unusual increase in some specific costs? Diesel, electricity,

16/01/2023

• • • • • •
What do you think is the Prize of price war?

I remember my telecoms days. Anything competitors introduce a new tariff plan, we needed to respond but not without checking how it will affect our 'bottom line".

How will it affect our revenue and profit? The expectation is that when you reduce your price, customers will use more (that is what is called elasticity in economics). One interesting thing is that the customers are always happy when this happens. The reason is that they have more airtime to make more calls and watch Netflix.

Sometimes customers do not increase the airtime they buy, and so the additional revenue to cushion the effect of the price drop does not happen.

So instead of profit to increase as planned, it reduces because the overheads are most of the time fixed.

Before start a price war, weigh the options!

Has this affected your business before? What was the outcome?

29/09/2022

• • • • • •
Reposted from HINT: It looks like chaos until you can RECOGNIZE the PATTERN.

Recognize patterns ✔️
Utilize patterns ✔️
Create new patterns ✔️

That’s the pathway to power💥

12/09/2022

Dear Business Owner,

Have you ever checked how the massive discounts you give during sales promotions affected your profit and income statement?

You give so many discounts, your sales hit the roof, but in the end, there is no profit to show.

This is the sad reality of most business owners. In other words, your sales are unprofitable.

The discount eats up all your profits.
Do you know you can avoid all these losses by checking what happens to your profit once you give a certain discount percentage before adding the discount tags on your products?

Get rid of this problem permanently by using the discount checker to immediately check what happens to your profit with different discount rates.

For example, you want to reduce the price of your dresses by say 20%. All you need to do is to input your current price and the costs. You see what happens to your profit instantly.

You don’t have to start pressing your calculator. This is done automatically for all your products.

With this downloadable workbook, you can simulate different discount rates to know the best threshold of discounts to give for a win-win offer that gives you profit and saves the customer cash.

The beauty of this tool is that it is evergreen. You can always use it for your future promotions.

So hurry while it lasts.

Click on the link in my bio to get yours.

26/08/2022

• • • • • •
Lagos, Nigeria

Mindprenuer Business Affirmations

As a business owner, you need to win the battle in your mind first before the Physical manifestation.

Your subconscious mind is subjective. It does not think or reason independently; it merely obeys the commands it receives from your conscious mind.

Just as your conscious mind can be thought of as the gardener, planting seeds, your subconscious mind can be thought of as the garden, or fertile soil, in which the seeds germinate and grow.

According to Brian Tracy - by focusing your thoughts on uplifting ideas, your subconscious will begin to implement a positive pattern in your way of thinking and your outlook on life especially your business.

This ebook is a compilation of all 20 business affirmations that cover every aspect of your business management for quick reference and implementation.

Each affirmation includes actionable steps you can take to improve your business management. It is time to take your business to the next level.

Remember that opportunities meet preparedness. Opportunities dance with those who are already on the dance floor.

Clarity comes with taking actions. The journey of a thousand mile starts with taking the first step.

Don't miss this valuable resource.

Click on the link in the Bio to get yours.

Link to buy https://selar.co/xu8x

08/08/2022

• • • • • •
Lagos State

Dear Business owner,

How are you coping with the FX and increasing the cost of items, especially for those that import their raw materials?

The rate of increase and Fx devaluation means you have to be agile in pricing your products and services.

Let me show you a quick way to factor in the FX changes in your pricing. This means that if you do not adjust your price correctly, you will not be able to afford restocking without losing money. This is known as replacement costs.

You are familiar with the standard pricing formula

Selling Price = Direct cost per item+ Indirect cost per item + Profit margin (profit amount)

In this FX Era. Let me rewrite the formula for you

Selling price = Direct cost per item + FX impact + Indirect cost + Profit margin (profit amount)

Let me share an example with you

Direct cost per item = N450

Indirect Cost per item = N100

The exchange rate at the time of purchase = N510/$

The exchange rate now = N630/$

So what do you do?

Calculate the change in Exchange rate:- N630-N510= N120

Work out the percentage N120/N630 = 23.5%

Increase your direct cost by 23.5%

N450 + (450*23.5%) +100+ profit (assume N50)

N450+ N106+N100+N50= N706

This will help you to ensure that you have factored in the naira depreciation in your pricing.

This is the time to start looking at your fixed overheads to see what can be adjusted to manage your pricing and remain competitive.

Do you need that office space?

Do you need all those staff at this time?

What costs can you defer or delay without compromising quality?

You may need to adjust your overheads to accomodate the FX impact!

What are you doing differently to cope with the FX issues?

Share your experience lets learn from you.

Tag your friends that need to see this.

07/07/2022

Hurray, we made it to July.

It’s a new month. New goals, new opportunities. New things to chase.

Before going too deep into the month, you have to set aside time for your MBR (Monthly Business Review)

This is what all great companies do. You are probably thinking that your business is too small to be reviewed! That is a misconception. Imbibe all the good habits so that when you grow, they would have become a part of you.

You need to do your monthly business review to be sure your business is on track. At the end of every term, each student takes an exam to be sure they have understood what they learnt in that term.
The same thing applies to your business. So taking the time to look at where you’ve been and where you want to be headed can ensure you chart the right course going forward.

The monthly review meeting is a time for you and your team to review the current progress against your target and budgets. This one-to-two-hour meeting should be spent dissecting parts of your plan, reviewing financials, and making adjustments based on overall performance.

When you do this, you will understand where there are problems and how to address them
How do you do this?

Start with your numbers. Review your Income Statement (Profit or Loss), your Balance Sheet, and your cash flow.

Wait a minute, are you keeping your records. If not there is nothing to review.

In your income statement check

Your Revenue/ Sales,
Did it grow compared to last month, is it higher or lower than your budget, what happened?
Which product or service contributed more?
Which of the customers spent more, any drop in the purchase from your customers?

Review your cost of sales
Review your gross profit (after deducting your cost of sales from your Revenue)
and gross margin (your gross profit divided by your Revenue). Not just the absolute numbers,

Review your operating expenses?
Was there an unusual increase in some specific costs? Diesel, and electricity, were there unplanned expenses that happened.

What is your net profit? After you have deducted your operating expenses. How does this compare to your budget?

Do you need to cut dow

08/06/2022

...
Today’s mindprenuer business affirmation is to help your subconscious understand that your customer is your ATM!!! The cash is loaded into the hands of your customers. The value you offer extracts the money from your customers.

Your customer is your ATM, while your debit card is your Product and services. If you insert the right card but the wrong Pin – the ATM will not dispense any cash for you no matter what you do.

No matter how beautiful your debit card is, you can only extract cash when you put in the correct PIN.

When you understand the customers' pain points and solve their problems with the right products and services, they will give you their money.

You have to be there for your customers.

Get feedback from your customers.

To get close to your customers, think from the customers’ perspective.

When your customers are happy, they will pay more and spread the news.

They will tell your story to the world.

The big question here is will your value extract money from your customers?

Dont forget to like, comment and share.

28/05/2022

Business Assets don’t just appear. You have to fund the acquisition of assets either through your savings, Investors, debts/loans, Creditors, crowdfunding, etc.

Because you have to account for the funds in form of Interest, dividend, loss of control, and principal repayment. You need to manage them properly!

l

09/03/2022

• • • • • •
Lagos State

One of the ways of breaking our internal biases is through financial intelligence in business and personal finances.

I will be facilitating a Masterclass on breaking financial biases.

Looking forward to this.

02/03/2022

A special welcome to the month of March 2022.

Accelerated favour shall locate you and irreversible success shall be your daily experience this month. Best of the month to you.

Strive for excellence always. You deserve the best. Go for gold this new month.

The beginning of the month is a good time to take care of those businesses that were put in your drawer and set new targets.

Wish you a very successful month full of great accomplishments!

24/02/2022

Are you clear about your business needs?

l

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Africa Finance & Strategy Hub

19/04/2023

16/01/2023

29/09/2022

12/09/2022

26/08/2022

08/08/2022

07/07/2022

08/06/2022

28/05/2022

09/03/2022

02/03/2022

24/02/2022

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