Bruce Wade, Author at EM Solutions

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So far Bruce Wade has created 106 blog entries.

BOB episode 18 – Financial Calendar

As you know, this month is finance month and we are speaking all things numbers.

One of the key tools to a successful business is to have a “Financial Calendar”. In case you are asking yourself what that is, a Financial Calendar is a 12-month accounting period for a company or organization. It is a list of all the key dates and deadlines that your company has to comply with.

There is a whole lot of key dates and deadlines that a lot of businesses forget or miss, and have cost them a lot of money in paying penalties and interests. So please know those key dates. Things like: VAT returns, Tax return, salary related issues – all those form part of a financial calendar.

It is best that you know all these dates to avoid paying penalties that you don’t even understand, or worse, to get your company de-registered. If you would like to know all about the important dates that your company should comply with, we will be talking about all of that in our finance workshop later on this week. To know more about the workshop please drop us an email on bruce@em-solutions.co.za or visit our website www.em-solutions.co.za

By Bruce Wade|2016-11-01T10:20:09+02:00March 7th, 2016|Uncategorized|0 Comments

How to handle your finances as a start-up entrepreneur

968886_498969703524410_1351264542_n In case you were not aware, March is termed the Financial Month, so we will be talking a lot on finances this month.

In this articles we would like to give you a few tips on how to handle your finances as a new entrepreneur. A good understanding and management of finances should be your priority when you start a business. Even if you decide to hire an accountant or bookkeeper to manage the books, you still need to familiarize yourself with basic bookkeeping and money management principles and activities.

Here are 4 tips on how to handle your finances if you have just started a business:

1. Open a bank account.
Once you have registered your business, you will need to open a commercial bank account. Start by selecting the bank you want to work with – a bank that will be small-business-friendly. It should be easy to open a bank account for your business, nothing complicated is required. The next step will be to deposit funds into your new account

2. Get a professional.
Accountants and financial advisers have always been trusted and respected helpers of small business owners everywhere. Their intimate knowledge of the profession as well as tax laws in their jurisdiction will save you money almost every time. The thought or temptation to do it yourself so you can save a buck or two will creep in sometimes, but it’s almost never more cost-efficient in the end. An accountant will almost always find more deductions and keep you penalty-free. Just make sure you have the cleanest records, and be more organized year-round. But when things get technical or taxes are due, save yourself the money, time and headaches and call in a trusted professional.

3. Accepting cash and online payment services.
In today’s competitive business world, you must provide customers with many ways to pay, including cash, debit card, credit card and electronic cash. There is a cost to provide these payment options – account fees, transaction fees, etc. So make sure to shop around for the best service with the best prices. Not all banks and payment processing services are the same, and fees vary widely, so do your research and compare prices.
Online payment services: PayPal is one of the most popular online payment services with more than 40 million members in 45 countries, offering personal and business account services.The advantages of online payment services are that they’re quick, easy and cheap to open and you can have the funds deposited directly into your account.

4. Establish payment terms and conditions.
Every small-business owner needs to establish a payment terms policy. You may want to standardize the way you get paid, at the same time you will also have to be flexible enough to meet clients’ needs on an individual basis. Setting payment terms covers deposits, progress payments and extending credit. It’s important to establish a clear, written payment terms with clients prior to providing services or delivering product. Your payment terms should be printed on your estimate forms, included in formal contracts and work orders, and printed on your final invoices and monthly account statements.

By Bruce Wade|2016-11-01T10:20:10+02:00March 3rd, 2016|Uncategorized|0 Comments

4 simple things that you need to do to everyday to become a better entrepreneur

success-as-an-entrepreneur-600x280 When your business becomes successful, it does not mean that it is time for you to sit back and relax. Successful entrepreneurship is a constant work. You do not stop working on it. It requires consistent effort.

You have to work on your business on a daily basis to become the best version of yourself, no matter how successful your business is. Success in entrepreneurship is not an end destination.

So, here are four things you can do every day to become a better entrepreneur:

Start your day positively.
Feed your mind with positive thoughts from the minute you wake up. Successful people maintain a positive focus in life no matter what is going on around them.

Plan the night before, everyday.
Put down 1 to 3 most important things to get done on your to do list and complete them.

Ask yourself how you can make today better than yesterday.
Find time to come up with ideas on what you can do today that can make it better than yesterday.

Be clear about your intentions.
Whatever that you intend to do today, stick to it and complete it. Do not let anything distract you. One of the best ways to ruin a productive day is to give into distractions. Becoming a better entrepreneur starts with planning and sticking to that plan.

By Bruce Wade|2016-11-01T10:20:10+02:00February 29th, 2016|Entrepreneurship|0 Comments

March – The Financial month

The marketing month – February is almost over, we are now entering into a new month – March the financial month. For many companies March means the beginning of the financial year. In preparation for setting your budget and financial goals, we are allocating this whole month to you. We would like to help you with all your financial matters.

Before we go any further, allow us to share exciting news with you. We have grown so much as a company in the past few months. We are now a big company with THREE core offerings that we take to the market. Entrepreneur Incubator & Academy has merged with Michelle Davidson Business Solutions to form one big company. We are now Entrepreneur and Management Solutions (EMS). This is such an exciting time for us. We specialize in this three key areas:

Accounting Services
Couching Programmes
Marketing Solutions

To find out more about the services we provide and about our new company, please visit www.em-solutions.co.za.

By Bruce Wade|2016-11-01T10:20:10+02:00February 29th, 2016|Uncategorized|0 Comments

Life Series Podcast Presents Bruce Wade

Bruce This week on the Life Series podcast, SPICE4LIFE interviewed Bruce Wade, CEO of Entrepreneur and Management Solutions, about his views on youth development and his various career changes over the course of his life.

An eloquent, opinionated man, Wade has worked as a navy officer, computer operator, project manager, programmer, process reengineer, trainer, author, and coach. In his free time, he strives to improve himself and expand his knowledge by reading whatever he feels will help him in his work and taking up to several courses at a time. He doesn’t write exams– he doesn’t need the certifications, he says, just the knowledge. He has his life’s motto – “Get it Done” – tattooed on his body.

Wade was born in Chingola in the southwest of Zambia and attended Bryanston High School outside of Johannesburg before embarking on his first adventure – joining the South African Merchant Navy.

“When you’re young you have no cooking clue what you want to do,” he said. “You have no idea what life is about. I joined the merchant navy to sail to exotic places and meet exotic people.”

There, he gained skills including training as a fire fighter, a ship’s doctor, and navigating by the stars.

Eventually, Wade realised that he wanted to more with his life and took an Information Technology aptitude test while on leave. In the mid-80s, the IT field was just beginning to emerge, and Wade scored 100 on the aptitude test.

“The guy just said to me, ‘Whatever you’re doing now, stop, you’ve got to get into IT,’” Wade said. “Because my scores were off the charts. My brain was wired for IT.”

After years in IT, Wade began to apply his analytical and organisational skills to managing companies. He is currently Chief Entrepreneur Officer (and, as he puts it, Chief Buttkicker) of Entrepreneur and Management Solutions. The company offers accounting services, coaching programmes, and marketing solutions to help entrepreneurs and businesses achieve sustainable growth.

Basically, he said, his business is about “bringing new ideas into organisations and changing the organisation to be more sustainable, cutting out the waste,

[and] cutting out the habits that weren’t meant to be there.”

Wade is currently working on a new method of marketing that focuses on a narrative, story-telling approach. He hopes that by using classic story-telling techniques – the hero, the villain, “once upon a time” – he can encourage the audience to connect with an ad.

Entrepreneur and Management Solutions is also currently working on an initiative in Sudan, helping refugees learn entrepreneurial skills to help them establish a life in their new country.

Wade defines success by “sleeping well at night”, puts his faith in God and his own practiced perseverance to get him through tough times, and believes in working hard to get where you want to be.

“Every day’s a constant fight,” he said. “The wonderful analogy is that if you go back to the 80s and 90s, it was like rowing a boat on flat water, where today working is like rowing a little kayak uphill in a waterfall with white water.”

Listen to Bruce Wade’s Life Series interview here.

By Bruce Wade|2016-11-01T10:20:10+02:00February 25th, 2016|General|0 Comments