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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. 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Home Sports International Sports

Ronaldo axed from Man United squad vs. Chelsea after leaving Tottenham game early

in International Sports
Ronaldo’s 700th club goal gives Man United victory at Everton
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Manchester United manager Erik ten Hag has axed striker Cristiano Ronaldo from the squad to face Chelsea on Saturday as punishment for his early exit during the win over Tottenham Hotspur.

Ten Hag has taken the decision after Ronaldo left Old Trafford before the end of the 2-0 victory over Spurs on Wednesday.

Ronaldo did not train with the first team squad Thursday and is not expected to rejoin the group until Monday.

Sources have told ESPN that the club have backed the action taken by Ten Hag but insist the 37-year-old remains “an important part of the squad.”

A club statement issued on Thursday read: “Cristiano will not be part of the Manchester United squad for this Saturday’s game against Chelsea. The rest of the squad is fully focused on preparing for that fixture.”

Ronaldo left his seat on the bench to walk down the tunnel before the full-time whistle against Tottenham, despite Ten Hag having two more substitutions available.

Sources have confirmed to ESPN that the striker refused to come on when Ten Hag brought on Christian Eriksen and Anthony Elanga in the 87th minute. United have declined to comment on those reports.

Sources also told ESPN that Ronaldo left the stadium and was not in the dressing room when Ten Hag and the players returned.

Ronaldo reported to United’s Carrington training ground at around 10:30 a.m. on Thursday.

He held talks with Ten Hag before the Dutchman decided to drop him from his squad to face Chelsea at Stamford Bridge.

Following his axing from the squad to face Chelsea, Ronaldo wrote on Instagram that the “heat of the moment” had got the best of him and that he would work hard to return to the team.

“I’ve always tried to set the example myself for the youngsters that grew in all the teams that I’ve represented,” he wrote.

“Unfortunately that’s not always possible and sometimes the heat of the moment get’s the best of us.

“Right now, I just feel that I have to keep working hard in Carrington, support my teammates and be ready for everything in any given game.

“Giving in to the pressure is not an option. It never was. This is Manchester United, and united we must stand. Soon we’ll be together again.”

It is the second time Ronaldo has been reprimanded by Ten Hag for leaving a game early.

The United boss branded his behaviour “unacceptable” after he was pictured leaving Old Trafford before the end of a preseason friendly against Rayo Vallecano in July. Ronaldo started the game but was substituted at half-time.

Ronaldo was also captured shaking his head after Ten Hag’s decision to substitute him during the second half of the 0-0 draw with Newcastle on Sunday.

The Portugal international is keen to leave the club after starting just two Premier League games. He has scored two goals in 12 appearances so far this season, including his 700th club career goal in the 2-1 win over Everton earlier this month.

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