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Today In Sports History: Al Ahly beat Etoile du Sahel to win Super Cup

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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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Today In Sports History: Al Ahly beat Etoile du Sahel to win Super Cup

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Today In Sports History: Al Ahly beat Etoile du Sahel to win Super Cup
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On this day 18 February 2007 (Exactly 14 years ago today) Egyptian side Ahly added another continental title to a long list of successes with a record-equalling third African Super Cup title.

But Ahly needed penalties for a second successive year to overcome fellow north African opposition, beating Tunisia’s Etoile du Sahel 5-4 in a post-match shootout.

The two sides had played out a dour goalless draw at the end of extra time in Addis Ababa.

Ahly goalkeeper Essam Al Hadary reproduced his heroics in cup final shootouts a year before to save from Khaled Melliti and hand the trophy to his club.

A year before ,(2006) Al Hadary also made vital shootout saves as Ahly won the Super Cup over Morocco’s FAR Rabat.

The international goalkeeper was also the hero of the Nations Cup final between Egypt and the Ivory Coast February 2006.

Both Ahly and Etoile laboured on a bumpy pitch in the high altitude and between them produced only two shots on goal in two hours of languid football.

Emad Moteab’s snap shot on the counter attack in the 38th minute for Champions League winners Ahly was the first real effort of the game.

Halfway through second half a speculative effort from Cape Verdian international Ja marked Etoile’s first effort on goal, the shot dipping markedly but still going over the crossbar.

Ahly’s third Super Cup triumph matched the record of their Egyptian compatriots Zamalek.

It was also the 11th trophy for their Portuguese coach Manuel Jose, who was fast turning into the most successive manager in the Cairo club’s history.

The African Super Cup is traditionally played at the home venue of the preceding year’s Champions League winners but was moved to neutral Addis Ababa as part of the Confederation of African Football’s 50th anniversary celebrations.

Caf were holding events in the four founding countries, Egypt, Ethiopia, South Africa and Sudan, that year to mark the founding of the organisation in 1957.

On this day 18 February 2007(Exactly 14 years ago today) The Police in Sunyani arrested and placed in custody Alhaji Karim Grusah, Chairman of Kumasi-based King Faisal Football Club for allegedly assaulting a policeman at the Coronation Park during a Premier League match between his Club and Kumasi Asante Kotoko.

Alhaji Grusah was alleged to have slapped Sergeant Isaac Adu for preventing him (Grusah) from assaulting referee Reginald Larthbridge for alleged biased officiating of the match.

Chief Superintendent Christian Yohonu, Sunyani Municipal Commander told the reporters that just before the recess, Alhaji Grusah moved from the VIP lounge to the Match Commissioner to protest against the referee.

He said during the recess, the Chairman and Founder confronted the referee and made an attempt to assault him but he was prevented by security personnel and when Sergeant Adu was escorting referee Larthbridge to the dressing room, Alhaji Grusah followed up with insults and slapped the police sergeant.

The Police Commander said officials of King Faisal rushed to the scene to apologise for Grusah’s action but he was arrested and whisked to the Sunyani police station.

On this day 18 February 1996 (Exactly 25 years ago) Frankie Fredericks, of Namibia, became the first man to run 200 metres under 20 seconds indoors as he broke Linford Christie’s world record at the Lievin International meeting .

Fredericks recorded 19.92sec to better the mark of 20.25 which Christie set on the same track in 1995.

By: George ‘Alan Green’ Mahamah

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