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Fadama Zongo emerges winner of 2022 HappyFM Salah Food Fest cooking contest

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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. 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Fadama Zongo emerges winner of 2022 HappyFM Salah Food Fest cooking contest

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Fadama Zongo emerges winner of 2022 HappyFM Salah Food Fest cooking contest

Fadama Zongo emerges winner of 2022 HappyFM Salah Food Fest cooking contest

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Team Insha Allah, representing Fadama Zongo, has beaten the competition coupled with the odds to emerge winner of the 2022 edition of the HappyFM Salah Food Fest cooking competition.

Team Insha Allah walked home with cash and prizes worth Ghc20,000 and a big fat cow.

The contest which saw contestants bring out their A game was flawlessly executed from the purchasing of food items to the final output, the amazing dishes from contestants.

The contest which started off with an intra zongo community contest saw the best of the best competing to represent their neighborhoods, with only 10 making it to the grand finale.

Fadama Zongo emerges winner of 2022 HappyFM Salah Food Fest cooking contest
Fadama Zongo emerges winner of 2022 HappyFM Salah Food Fest cooking contest

The 10 to have secured spots at the finals were; Understanding Ladies from Kasoa, Blessed Hand Tasty Food from Nima Zongo and the ever-graceful Insha Allah team representing Fadama Zongo. Classic Ladies from Tuba Zongo, team Ak)n)ba from Madina Zongo, Maaggee group of Ashaiman Zongo, Classic Ladies from Abeka Zongo, Pretty Ladies representing Sabon Zongo, team Sanash of Maamobi Zongo and Classic Tasty Food from Alajo Zongo all sought to win the title.

Team Insha Allah proved that indeed the supreme Allah was on their side as their cooking skills were graded 80% by judges, a testament to their prowess in the kitchen. 

After inspecting and tasting the food (Tuo Zaafi made with rice and ayoyo, dried okra and kuka soups) of team Insha Allah, judges did not only grade their food as top notch, but described their personalized presentation as one out of the box.

The grand finale of the 2022 ‘HappyFM Salah Food Fest’ contest, aside from the myriad of activities to engage patrons also featured exciting musical performances from industry greats, Fameye and Rashid Metal.

These made men rocked the stage and electrified the atmosphere with back to back and world class performances to the admiration of all present.

Programmes Manager for Happy98.9FM, Elwood Mantey had this to say; “We’ve achieved what most believed was impossible not only by dint of hardwork, but with the support of my team and all contestants. It was not all smooth but we made it happen. This contest has changed the perception about Zongo communities and shown how united and supportive  they are of each other. It’s been an amazing run and we as HappyFM are glad to be an integral part of the Salah Fest Cooking Contest. It is with a broad smile that I say a big thank you to the management of HappyFM, the office of the National Chief Imam, our Events and Promotions Team and our dear sponsors for making this happen.”

He pledged the HappyFM brand which only seeks to do better year in year out will revise its notes and organize a grander ‘Salah Food Fest’ contest to promote and showcase the richness and traditions of the Muslim community.

The 2022 ‘HappyFM Salah Food Fest’ contest was sponsored by HD+, Tasty Tom Enriched Tomato Mix, Royal Aroma Fortified Rice, Bigoo Drinks and Cedar Bakes.

Fadama Zongo emerges winner of 2022 HappyFM Salah Food Fest cooking contest
Fadama Zongo emerges winner of 2022 HappyFM Salah Food Fest cooking contest

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