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Shatta Wale Bags 8 Awards at 2019 3Music Awards

March 31, 2019
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Running a small business is demanding. Each day presents challenges that can affect your cash flow, your customers, and your ability to grow. Amid these demands, it is easy to lose sight of long-term financial priorities. However, businesses that last are not only those with good products or strong customer service. They are often the ones with better financial habits. This article outlines seven essential points that will help SMEs manage their finances more effectively, reduce risk, and plan for growth. 1. Start with a Clear Financial Plan A good financial plan gives direction to your business. It helps you set targets, allocate resources, and make informed decisions. Start by defining your financial goals. These should be SMART - specific, measurable, actionable, realistic, and tied to timelines. For example, you should determine how much revenue you need each month, what level of production or service delivery is required to meet that target, and how you intend to achieve it. Once your targets are clear, you will need a working budget. A good budget helps you monitor income and expenses, manage cash flow, and ensure that your business remains on track. It also provides a basis for deciding what to prioritise and what to postpone. At its best, your financial plan should help you answer key operational questions such as what resources are required to operate or grow, where those resources will come from, what they will cost, and whether your business is in a position to take them on. Planning in this way reduces uncertainty and allows you to run your business with greater clarity and confidence. 2. Maintain Accurate Financial Records Accurate financial records are essential for any business. Whether you are managing day-to-day operations, planning for future growth, or applying for funding, clear and reliable financial information allows you to make sound decisions. Many small businesses struggle in this area due to time constraints, limited expertise, or a lack of systems. However, proper record-keeping should never be overlooked. It supports internal decision-making, strengthens external credibility, and improves your ability to respond to opportunities or risks. Business owners can start by gaining basic knowledge of accounting principles and tools. Training employees in simple record-keeping practices also helps to build internal capacity. In some cases, it may be worthwhile to engage professionals who can help you put the right systems in place and prepare essential reports at a cost that makes sense for your business. 3. Choose a Banking Partner Aligned with Your Goals The right banking relationship can make a real difference to your business. A bank like Absa Bank is more than a place to keep your funds. It is a partner that can support your operations, guide your financial planning, and help you take advantage of growth opportunities. Begin by understanding your business needs. These might include working capital support, payments and collections services, or trade finance. Once your needs are clear, assess whether your bank offers the right mix of services, accessibility, and expertise. Your banking partner should make it easier to run your business, not harder. They should share your ambition to grow, be responsive to your concerns, and provide solutions that are tailored to the stage your business is in. A strong banking relationship will give you confidence and peace of mind as you build your enterprise. 4. Deploy Effective Payment Solutions Revenue is the foundation of every business and the way you go about collecting it is key. In today’s economy, customers expect fast, simple, and secure payment options. If your business only accepts cash, you may be turning away potential sales without realising it. Providing customers with flexible payment options is no longer a luxury. It is a necessity for growth and long-term relevance in a digital economy. Offer customers alternatives such as instant bank transfers, mobile money, card payments through point-of-sale devices, or more innovative solutions like Absa Mobi Tap to improve your customer experience and increase your reach. These methods reduce delays, enhance transaction security, and demonstrate professionalism. 5. Meet Statutory Obligations Promptly Every business has legal and regulatory responsibilities. These include filing and paying taxes, submitting Social Security and National Insurance Trust contributions, and meeting other sector-specific requirements. Complying with these obligations on time helps you avoid penalties and disruptions. It also builds your business’s reputation and improves your standing with financial institutions and regulators. To stay compliant, you should adopt a legal structure that suits your business model and goals. You may also wish to seek legal or tax advice at key points in your journey. Planning ahead for obligations such as annual tax payments or quarterly filings ensures that you are not caught off guard. Meeting your statutory responsibilities consistently is a mark of a well-run business. 6. Manage Your Risks Running any business involves risk. These risks may include delayed payments from customers, unexpected costs, economic downturns, or even natural disasters. For small businesses operating with limited resources, such events can be difficult to absorb. This is why risk management must be part of your financial routine. Start by identifying the main risks that could affect your business. Put in place basic measures to protect your operations. This could mean setting aside emergency reserves, purchasing insurance, or diversifying your income streams. Being proactive about risk does not eliminate uncertainty, but it helps you stay in control when challenges arise. It also signals to lenders, partners, and customers that your business is prepared and resilient. 7. Separate Business and Personal Finances It may be tempting to treat your business account as your personal wallet, especially in the early stages. However, failing to separate your business and personal finances can lead to confusion, tax problems, and credibility issues. As a business owner, you should pay yourself a fixed salary. Avoid withdrawing funds at random or covering personal expenses with business income. If you invest personal funds in the business, document it properly as a loan or equity contribution. Keeping your finances separate helps you maintain clear records, assess business performance accurately, and present your enterprise in a more professional light to partners, banks, and regulators. At Absa Bank, we believe that strong financial habits form the backbone of every successful enterprise. Our commitment is to walk with our clients and customers at each stage of their journey, providing guidance, tools, and solutions that help SMEs grow sustainably and with purpose.

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Shatta Wale Bags 8 Awards at 2019 3Music Awards

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Arguably the most vilified artiste in Ghana walked home the most celebrated at the 2019 edition of the 3Music Awards.

It was simply an awards harvest for Shatta Wale who started trending for his grand entry into the 3Music Awards stage at the Fantasy Dome on Saturday night.

Hoisted up high, the controversial musician descended slowly and carefully onto the stage to open the second edition of the much-publicised Awards with an electrifying performance. But many were quick to forget that performance.

It was the number of times the artiste, born Charles Nii Armah Mensah Jnr, climbed the staged after that performance that got social media buzzing.

Apart from being the first to perform, Shatta Wale became the first artiste to win an award this year. His ‘Gringo’ song was adjudged the ‘Viral Song of the Year’. The floodgates were opened after that and the dancehall act’s awards sweep fest begun.

The ‘My Level’ hit singer went on to bag ‘Reggae/Dancehall Song of the Year’, ‘Reggae/Dancehall Act of the Year’, ‘Digital Act of the Year’, ‘Video of the Year’ with his ‘Gringo’ smash hit doing the magic trick for him on all occasions.

His strong unflinching fan base – Shatta Movement – was adjudged ‘Fan Army of the Year’ while his smash hit, ‘My Level’ picked up the award for ‘Song of the Year’.

‘And Shatta wept!’

After picking up the ‘Reggae/Dancehall Act of the Year’ award, Shatta Wale sought solace in the Bible by quoting: “So God said in Philippians 4:19 that…’my God shall supply all my needs according to His riches and glory in Christ Jesus…’”

He was however overwhelmed by emotions when he was called to receive the ‘Video of the Year’ award. He left the stage in tears after saying: “Daddy wherever you are I want to dedicate this to you man.”

When he was announced as the last award recipient of the night ‘Music Man of the Year (Male Act of the Year), a fulfilled Shatta Wale in his acceptance speech said, “when I say Shatta Movement, say for life…Father God, I thank you for this award. I thank you for this long journey, I have been in this industry for over 15 years now, I’ve never picked the ‘Man of the Year’ like this but I thank God that I’m standing here today and I have the strength and it’s all about wisdom and understanding…”

Even though he dominated, the 2019 edition of the 3Music Awards, which was live on Joy Prime and was in partnership with The Multimedia Group – Joy FM, Hitz FM, Joy Prime and other brands, saw other deserving artistes walk home with awards.

Stonebwoy, perhaps one act many were looking forward to slugging it out with Shatta Wale for who reigns supreme on the night, won three awards on the night.

The dancehall act, who was not present at the Awards, was no match for Shatta Wale. At the end of hostilities, the Ashaiman-based act won ‘Afrobeats Song of the Year’ for ‘Bawasaaba’, ‘Album of the Year’, for ‘Epistles of Mama’ and ‘Most Streamed Artiste on Boomplay’ award.

Talented young act Kuami Eugene was adjudged ‘Highlife Act of the Year’ while his smash hit ‘Wish Me Well’ won ‘Highlife Song of the Year’.

Gospel group Bethel Revival Choir won the hearts of many. Apart from their beautiful blend of traditional and modern melodies, the group was duly rewarded for their exploits.

Bethel Revival Choir took home three awards on the night. The group won ‘Gospel Song of the Year’, ‘Gospel Act of the Year’ and ‘Group of the Year’.

The most touching award on the night went to legendary gospel musician Prof. Kofi Abraham. His Legendary Award was very crucial considering the fact that he has been doing music since the 1970s and with over 30 albums to his credit, this is first award/recognition.

Veteran highlife musician Obuoba J.A. Adofo and music producer Mark Okraku Mantey also received Honorary Awards.

The 2019 3Music Awards, which had Lexis Bill and Cookie as hosts and Andy Dosty behind the turntables, also witnessed some impressive performances.

Apart from Shatta Wale, the event witnessed performances from Cina Soul, Kofi Mole, Bethel Revival Choir, Medikal, Akwaboah Jnr, Adina, Wendy Shay, Victor AD, La Meme Gang, Joey B, Rocky Dawuni and Samini.

Tags: SaminiShatta WaleStonebwoy

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