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Today In Sports History: Hearts wins GT One Touch Top Four tourney

Today In Sports History: Hearts wins GT One Touch Top Four tourney

May 14, 2020
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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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Today In Sports History: Hearts wins GT One Touch Top Four tourney

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Today In Sports History: Hearts wins GT One Touch Top Four tourney
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On this day 14 May 2006 (Exactly 14 years ago today) Supporters of Accra Hearts of Oak Sporting Club poured unto the streets of Sunyani after the referee signalled for the end of their titanic GT One Touch Top Four final match against Kumasi Asante Kotoko at the Coronation Park.

The match ended one all but Hearts needed only a draw to lift the GT One Touch Top Four Cup for the second time.

Kotoko took the lead in the 62nd minute of the tension-packed match through George Yamoah but Hearts staged a late rally and cancelled the deficit in the 76th minute through Kwabena Boafo.

The heightened tension around the match saw hundreds of police and military personnel at vantage points around the Sunyani Coronation Park to ensure no acts of indiscipline or violent behaviour happened.

The two rival teams exerted their energies and concentration in the first half of the epic ‘battle’ that belied their pride and image other than the cash and cup rewards for the winner.

Both sides wasted open chances they created especially in the first half, which ended without a goal. It was apparent that caution took a greater part of the players’ performance with each side being very alert not to commit any blunders that could spell their team’s doom.

Kotoko who were determined to carry the day, started strongly in the second half and it came as no surprise when the workaholic striker Yamoah slotted in the first goal amid thunderous cheers from the Fabulous supporters.

The goal came about when the Kumapem boys won a throw-in and when the ball fell on the feet of the striker he did not waste time and sent a sizzling shot to the blind side of Hearts goalkeeper Laud Quartey straight into the net.

Hearts coach Oti Akenten pulled out Tachie Mensah for Joe Louis and from then it became a ding-dong affair until Boafo equalized with a header from a free kick just outside the 18 yard box.

The final whistle sent the hundreds of Hearts supporters into a frenzy in spite of the drawn game, since the team needed only a draw to lift the GT One Touch Top Four Cup.

Elsewhere;

On this day 14 May 1994 (Exactly 26 years ago today) Manchester United defeated Chelsea 4-0 at the Wembley Stadium, London to win their 8th FA Cup title.

United went into the final as Premier League champions, having won the title by eight points over Blackburn Rovers. They were bidding to become only the fourth team of the 20th century to complete “the Double” and the first in their own history. Chelsea, on the other hand, were playing in their first FA Cup Final since 1970 and first major final since the 1972 Football League Cup Final; they had finished 14th in the Premier League.

Goals Scored

Eric Cantona (60 penalty, 66 penalty)
Mark Hughes 69
McClair 90+2

Manchester United: Schmeichel; Parker, Irwin (Sharpe, 84), Bruce, Pallister, Cantona, Ince, Giggs, Kanchelskis (McClair, 84), Keane, Hughes.

Chelsea: Kharin; Clarke, Johnsen, Kjeldbjerg, Sinclair, Burley (Hoddle, 68), Newton, Spencer, Peacock, Stein (Cascarino, 78), Wise.

Referee: D Elleray (Harrow).

On this day 14 May 1995 (Exactly 25 years ago today) At 43 years, 162 days Manchester City goalkeeper John Burridge became the oldest player to appear in an EPL match, a 3-2 home defeat to Queens Park Rangers.

On this day 14 May 1980 (Exactly 40 years ago today) Valencia won the 20th European Cup Winner’s Cup against Arsenal of England 5-4 on penalties at the Heysel Stadium in Brussels

The match ended goalless after extra – time and it was the first final to be decided on penalties.

Arsenal FC, were a typically English team with an Irish backbone of Pat Jennings in goal, Liam Brady in midfield and Frank Stapleton as target-man. A solid campaign led them as far as the semi-finals where, after conceding a 1-1 draw in London, they were expected to fall against Juventus FC, who settled for the 0-0 draw that would have been sufficient…until substitute Paul Vaessen hit the last-gasp goal which eliminated them and sent Arsenal to Brussels.

Valencia possessed formidable weaponry. Ricardo Arias ‘swept’ behind an uncompromising defence. Rainer Bonhof and Daniel Solsona blended steel and skill in midfield. And World Cup star Mario Kempes was well served by two pacy, skilful wingers. To their credit, Arsenal kept them at bay in a final which produced little to write home about. At 4-4 in the penalty shoot-out, Graham Rix failed from the spot and the trophy was on its way back to Spain.

Line-Ups

Valencia CF Arsenal FC
PEREIRA Carlos (G) JENNINGS Pat (G)
CARRETE José RICE Pat (C)
BOTUBOT Manuel TALBOT Brian
ARIAS Ricardo O’LEARY David
TENDILLO Miguel(C)NELSON Sammy
SOLSONA Daniel YOUNG Willie
SAURA Enrique BRADY Liam
BONHOF Rainer SUNDERLAND Alan
KEMPES Mario STAPLETON Frank
SUBIRATS Javier PRICE David
RODRIGUEZ Pablo RIX Graham

Head Coach
DI STEFANO Alfredo NEILL Terry

On this day 14 May 1997 (Exactly 23 years ago today) FC Barcelona won the 37th edition of the European Cup Winner’s Cup against Paris Saint-Germain 1-0 at the Feyenoord Stadium in Rotterdam.

Barcelona won the match thanks to a Ronaldo 38th minute penalty.

FC Barcelona :Baia, Ferrer, Abelardo, Popescu (Amor 46), Sergi, Guardiola, De La Peña (Stoitchkov 85), Fernando Couto, Luis Enrique (Pizzi 89), Figo, Ronaldo

Paris Saint-Germain: Lama, Fournier (Algerino 58), N’Gotty, Le Guen, Domi, Leroy, Guerin (Dely Valdes 69), Rai, Cauet, Loko (Pouget 78), Leonardo

Referee: Merk (Germany)

On this day 14 May 1995 ((Exactly 25 years ago today) Blackburn Rovers ended Manchester United’s monopoly on the Premier League by claiming the top- flight title for the first time in 81 years. On a dramatic final day, Rovers lost at Liverpool but triumph by a point after United could only draw at West Ham.

On this day 14 May 2011 (Exactly 9 years ago today) Manchester City ended a barren sequence of 35 years without a major trophy as Yaya Toure’s late strike gave them a deserved FA Cup Final victory over Stoke City.

Toure was City’s Wembley hero with the semi-final winner against Manchester United – and the giant Ivory Coast midfield man was on target again 16 minutes from time to set the seal on their first top-level success since the 1976 League Cup win against Newcastle United.

City claimed the FA Cup just hours after United secured a record 19th league title with a point at Blackburn Rovers.

By: George “Alan Green” Mahamah

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