HOW TO GET A JOB OR WORK WHILE OTHERS ARE BEING RETRENCHED

I was fortunate to get my 1st job just a month after my graduation. It was not a high flying one by any standard but I was so excited to have got a job! Many a graduate would have despised it, which Bachelor of Commerce degree holder would have wanted to work in an Indian family owned service station in a small town?

A couple of months into the job, they announced that they were going to retrench because the company was not doing well. I remember they had to choose between a secretary who could do accounting work or an Accountant who could do secretarial work. I happened to be the latter. Sadly therefore the secretary and personal assistant to the MD lost her job. I therefore became an Accountant and Secretary-cum- personal assistant to the MD.

HOW TO SURVIVE A RECESSION

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Business as with life has its ups and downs. There are times when everything is going on well and there are those times when you have to tighten your belt to survive. In this article we will look at some tips on how to cope when the economy and conditions for business are not favourable.

#SMEs: Change should be the only constant!

In a place where yams were not common, a husband bought a huge healthy yam and took it home for his wife to cook. To his astonishment, she took the yam and cut of a quarter of it from each end and threw them in the bin and prepared the remaining half.

"Why did you do that?” He asked, “That’s what my mum did when cooking yams” she replied. Curious, he called his mother-in-law to seek for an answer. “That’s what my mum did when cooking yams” was her response. Determined to get to the root of it, he called his grandma-in-law and asked her why they cut off the quarter ends of the yam and throw it away. She told him the yams were too big for her cooking pots and so she would cut off to leave what could fit in the pot. Plus they had plenty of yams in the garden which they could take whenever they needed more!

What to consider before installing an Accounting Software

A lady told me she could not understand the figures in her financial reports. I asked if I could have a look starting with the balance sheet. From her laptop she generated one in a horizontal format and guess what, balances under the title other current assets category were appearing on the liabilities & equity side of the balance sheet! The accounting equation is: Assets = Liabilities + Equity.