Skip to main content

Walking down Memory lane

 

 As we continue celebrating our 3rd anniversary of the blog, I want to look back on our journey. I will be sharing with you the most read blog posts and reflect on them. Feel free to comment on any one that has impacted you positively.

The reason for the blog is to change people’s mind about everything but most importantly business. We do have ideas and want to start but we are somehow limited by the information we were taking in throughout the years. I want us to change the way we look at things, unlearn the things you know and find the new truth.

What do I mean by the ‘’New Truth’’. Well as we are in the information age, our traditional ways are no longer relevant, we have AI, Robotics, and block chain and this technology is fast being adopted around the world. So I want people in the rural areas to start learning about this new technology and how they can better use it, because us failing to learn and adapting we will be far behind and will not be able to catch up.

 At venogroup we seek innovation, we thrive for excellence and add value.

We started by highlighting the fact that most people in the rural areas do not have disciplines, know-how and principles of running a business, we encouraged people to change their minds from being workers to owners of businesses. We looked at how most businesses are operated by the owner, no employees just the owner who does everything, we also noted how this affects the business when the owner is not around, it means the business is not around. 

The most read post is the black magic vs innovation, this was an interesting topic because we know that people do funny things to run/sustain their businesses. But we need innovation that will bring change and add value, because the former is too risky, what if one can no longer make the sacrifices, what happens to the business then?

We talked about embracing competition and it helping us to strengthen our ‘’Why’’. I still believe that one needs to do more travelling to see what people are doing out there so that one can come up with new ideas. We are limited by our everyday environment but if we can explore, we will be exposed to more interesting things.

 One of my favorite post is about how we always think that people who sell are poor, this type of mentality is going to be leave us a broke generation, but we move. Also I found an affordable way to register a business, just visit this link https://www.fnb.co.za/cipc/#/form/startcipc and start registering your business with FNB, this process also gets one a business bank account.

 This has been a truly amazing journey and more is still to come.

Venogroup- Innovate and Add value.

 


Comments

Post a Comment

Popular posts from this blog

Why Recording Transactions is Crucial for Business

Accurate transaction recording is the backbone of any successful business. Whether small or large, businesses must maintain proper financial records to track income, expenses, and financial health. In South Africa, where compliance with tax and financial regulations is crucial, proper bookkeeping ensures smooth operations and legal adherence. Today we explore the significance of recording transactions, the role of source documents, the necessity of securely storing invoices, slips, and bank statements, and what the IFRS for SMEs requires regarding transaction recording.  Why Recording Transactions Matters Recording transactions systematically helps businesses in several ways: Financial Accuracy: Ensures businesses track profits and losses accurately. Legal and Tax Compliance: Proper records are essential for SARS (South African Revenue Service) tax filings. Business Decision-Making: Clear financial records help in making informed investment and operational decisions. Fraud P...
Post a Comment
Read more

Supply

  Supply- supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object ( WikiPedia) I found this topic to be of great interest in a sense that one can be in and out of business because of a supplier. Demand and supply makes up the foundation of an economy. In business we can have an obstacle of a supplier. Recently I have halted selling a product due to a problem I had with a supplier. The supplier ran out of business and it was difficult to even find another supplier nearby. A supplier can increase prices meaning you also have to increase your prices. This seems simple but it tends to be difficult to maintain one’s clientele in such a situation.   This problem of suppliers come with the risk of running a business, one must always be on the look...
2 comments
Read more

Understanding Financial Reports: A Guide for Business Owners

Financial reporting is a fundamental aspect of any business, large or small. It involves the creation and presentation of financial data that reflects the company's financial health, performance, and economic standing. While many people are familiar with the term “financial statements,” financial reporting encompasses more than just the end-of-year profit and loss figures.  What is Financial Reporting? At its core, financial reporting is the process of compiling and presenting financial data to provide a clear picture of a company’s operations and financial status. It includes a wide range of reports such as balance sheets, income statements, cash flow statements, and more. These reports help business leaders, investors, and other stakeholders make informed decisions about the company’s future. However, it’s important to note that financial reporting isn't just about creating these formal documents. It also involves ongoing tracking and recording of financial transactions to en...
Post a Comment
Read more