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My view: 2012

My view: 2012: Happy new year! Not much changed from the last.. Arsenal got beaten again. I guess you get used to it to a point you no longer feel the pinc...

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DEALING WITH DEBT

As an entrepreneur forced into business I have learnt over a short period that our mindset has to be very different to those of others. I will over the next few weeks try to start to focus my blog in a personal way so maybe someone can learn from my experiences. It is my hope that in sharing my experiences with you I too may learn from those who are generous enough to comment with your own views. I will begin with Debt.... 1. Debt is like a drug- *Banks are the drug dealers When beginning a business, you major financing will come from within your close spheres and yourself. Cash is usually tight; and those that lend or invest will do so because of the personal relationship of the entrepreneur ( more than the business itself). As you begin to grow the business and establish a track record, the more established sources of finance will seek to finance you. Be weary of this sudden interest in your business. In Africa, most financial institutions do not tak...
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Civil Service Reform

Let me begin with this. I am not against civil service. There are many examples of excellence by civil servants working hard for the country. In many cases these civil servants work for little pay and are often not recognized for the work they do. All too often the guys excelling in very difficult circumstances are overlooked for political and/or personal reasons. However, lets be real, these guys are in the minority. At least over the last 8 years. I begin looking at civil service reform because of the size and effects on the economy. Depending on which source you believe Zimbabwe's GDP sits at between $7.3 billion to $14 billion. So if that is the case the amount of money consumed by government is anything from 30%-50% of GDP. Such a statistic is very worrying. Let me put it in a simpler understanding. If you make a dollar, government will consume between 30 to 50% of that. This does not encourage enterprise nor does it encourage investment. This is what government should...
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A begining to Financial Literacy- things to remember

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