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New animation project set to hit Ghana

August 10, 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. 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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. 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New animation project set to hit Ghana

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It is exciting to know that, the animation industry, which has not received attention since the 1940s when Ghana had a thriving film industry, now has a huge nest of talented animators, with the potential of putting Ghana on the map and bringing in some good returns on investment. Today, the animation industry is one of the fastest-growing industries worth in excess of $220 billion.

The AnimaxFYB Studios, Ghana’s biggest animation hub, since 2014, has endeavored to harness this green space of animation in Ghana and Africa, developing a multifaceted short and long-term blueprint to build a robust animation industry in Ghana that generate jobs and significant revenue for the country.

As part of their mission to tell authentic African stories through animation, the AnimaxFYB Studios, is set to release its latest animation project dubbed, “Chronicles of Kilo & Kwaata,” on Saturday, August 15 2020.

Read also: You can’t judge in entertainment. There’s market for everything – Efya

Chronicles of Kilo & Kwaata is an animated comedy skit series that displays the exploits of two friends, Kilo and Kwaata. Set in a fictional small town called ‘Oil City’ (inspired by the twin cities of the Western Region of Ghana), the show fuses classic silent film style with mostly non-dialogue animation with a lot of dramatic gags and symphonies.

According to Francis Y. Brown, the CEO of the AnimaxFYB Studios, “the animated series is two minutes per episode with 12 episodes planned for the first season.”

This project by the AnimaxFYB Studios is exciting news for our film industry because, it bridges a gap in the production of diversified local Ghanaian content, which has been and still is, the cry of many Ghanaians and Africans.

 ‘Chronicles of Kilo & Kwaata’ show will premier this Saturday on YouTube and Instagram at 4pm. don’t miss the fun and excitement, follow “AnimaxFYB Studios” on these social media platforms and be a part of the fun.

It is time to support and celebrate our own innovation and creativity. No one will praise us until we praise ourselves, no one will tell our stories until we tell them ourselves. Kudos to the AnimaxFYB team for this great initiative!

AnimaxFYB Studios is an award-winning studio, recognized for its quality and exceptional works in 2D and 3D animation, concept development, visual effects design and post-production services.

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