Through Financial Education, Standard Chartered Bank aims to build financial capability among vulnerable groups such as youth, women and small businesses with limited knowledge and access to financial services to demonstrate our brand promise, Here for good.

As part of Corporate Social Responsibility, we have two programs; Financial Education for Youth (FE4Y) which is a set of programmes aimed at building financial capability of the world’s youth and Education for Entrepreneurs (E4E) aimed at building financial capability of small businesses with a focus on women led enterprises, which is why we are connecting with #MotherlandMoguls. For more information, visit Standard Chartered Bank’s website.

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1. Managing cash flow

This topic covers the flow of cash into and out of a business, with articles and guides we reveal the importance of monitoring cash flow.

Cash is king

Money dictates the pace of growth for our businesses, and also the pace of progress of our lives. The absence of money brings business to a standstill and slows our lives down.

Planning cash flows is tantamount to respecting the King. Cash must circulate in your business, from your financiers and customers, to be used for purchasing inventory or stocks, investing, paying for labour and some lying around in a bank account to handle emergencies.

Tight money (Guide/e-book)

How you handle your cash flow could make or break your business. But if you aren’t sure exactly what “cash flow” means, this guide is where to get started.

Show me the money (Guide/e-book)

Now you know what the cash flow is and understand the intricacies of the whole process, so what next? Strategies to manage it of course. This guide provides them.

A stitch in time: The importance of timing in managing business cash flow

When it comes to your business, it needs to have a minimum amount of cash to remain afloat. Poor cash flow management has been known to floor businesses. At the root of the famous Enron scandal was the management of cash flow. That is why #MotherlandMoguls who are their own #Bosses need to pay attention to it.

2. Budgeting

We’re all about budgeting here but more specifically budgeting for business. If you’re having difficulties budgeting for your business, what are your waiting for? This topic is for you.

Why should you budget for your business?

By the very nature of small businesses, the scarcity of funds, the reliance on the founder, and the advantages of a budget means that these small organisations need them most.

‘Why should startups care about the budget?’ – Top 3 budget myths debunked

This article debunks three budget myths; “As long as I have prepared the financial accounts I don’t need a budget.”, “Only big businesses need to do them.”  and “They always turn out differently.”

The 3 C’s of the budget cycle

The budget cycle simply refers to the phases or stages that you should go through while working on the budget for your business. With these 3 C’s you’ll ensure that your budget is works for you.

How to monitor a budget to inform business decisions

To give you a look at how you can go about this process this article takes you through four types of variances that can occur in your business and the kind of decisions you can make to remedy.

3. Financial accounts

When starting out a business you essentially become a jack of all trades. Accounting is a skill that is necessary for small businesses but that can also be daunting. This topic breaks down bookkeeping and reviewing accounts for startups.

Bookkeeping for dummies

A basic introduction to the business accounting concepts that you need to understand as you run your business. Whether or not you have an accounting degree, these are things you can do with your eyes closed.

Why review your business accounts?

The ultimate goal of a business is to make money for the entrepreneur. On the way to attaining this goal, there are many things that you must do in your business including keeping financial records.

Reviewing financial accounts (Guide/e-book)

With this guide, you’ll learn what income statement and balance sheets are. We’ll also be showing you the key ratios you need to keep in mind when analysing business performance.

4. Business Planning for the Future

Master your business plan

Creating a business plan

How to put a business strategy/objectives into a business plan

5. Personal Finance

Personal finance 101

How and where to save

Why and where to invest

Funding your life and business

How to monitor a budget to inform personal decisions