The Workshop // Know Your Numbers; Know Your Business

Learn how knowing your numbers will help you accelerate your business growth. Hosted by Fridah Ntarangwi – Founder & Managing Partner, ZidiCircle.

In the same way, you cannot drive a vehicle blindfolded, you will not be able to run your business without having visibility of its numbers. Understanding your numbers helps you understand your business.

Your financial numbers always need to be up to date as they let you know critical things about your business. Knowing your numbers can help you better understand if you are on track with your sales goals, and targets. Knowing your numbers can also help you spot where you might be losing money & keep your costs under control. By just glancing at your numbers, at any moment, you will be able to know exactly where you are at, in regards to your business objectives.

Numbers in business come in many formats & names such as Cash Flow, Net Income, Profit and Loss, Sales, Price Point, Gross Margin & Total Inventory among others. Organizations hire people well versed with numbers, who are able to look at the data and make recommendations based on the information. They can predict outcomes or impact on your business based on those actions advised.

Yet most entrepreneurs tend not to think of themselves as a ‘numbers person’. They are instead creatives, innovators, ideas-people, marketers, salespeople who are very social and highly motivated by putting their innovation out there. They might have very little patience or knowledge to look into the weeds of financial statements and accounting. Usually, they will hire or outsource the numbers part to a numbers person – namely an Accountant.

However, it is not enough to have an accountant. As a business person, you need to know the cost structure of your business, and how you are going to make money. You have come up with a sustainable business model, and developed great products for your customers.

But what about the revenues? What’s your revenue model? What types of revenue streams can you exploit? What are pricing tactics? How do your revenue model and pricing differ from your competitors? How does this differ in a multi-sided market?

At the end of the Know Your Numbers; Know Your Business session, as an attendee you will have gained critical knowledge on:

• What are your direct revenue streams?
• What ancillary revenue streams can you discover?
• What pricing approaches can you apply for your products?
• How do you project your revenues?

Sign up today!
Webinar: The Workshop // Know Your Numbers; Know Your Business
Speaker: Fridah Ntarangwi, Founding & Managing Partner, ZidiCircle
Date: Tuesday, 15th June 2021
Time: 10:00 AM - 11:30 AM (EAT)
Register here.

About the Speaker

Fridah Ntarangwi, is the Founding & Managing Partner at Zidicircle. The organization is an inclusive entrepreneurship and financing ecosystem supporting diaspora entrepreneurs and SMEs in Africa to build impactful ventures both abroad and in their countries of origin.

As a startup ecosystem builder, Fridah has supported startups across the EMEA region. Some of her initiatives include the Semi-annual Diaspora Entrepreneurship Bootcamp, The Kenyan Tech International Entrepreneurship Programme, Ghana’s Green Diaspora Matchmaking Programme, The Diaspora Startups-East Africa SME Engage Forum, International Entrepreneurship Bootcamp (IEB) programme, and the Diaspora Venture Backers Programme.

Fridah was awarded by the EMEN project of the European Union (EU) for promoting inclusive entrepreneurship in the EU and was bestowed the Duisenberg title ‘Woman in Finance’. She holds a business degree and a Master’s in finance and law. She is passionate about building an inclusive entrepreneurship and Financing ecosystem for Migrants, Developing Economies, and Women Entrepreneurs.

Sign up today!
Webinar: The Workshop // Know Your Numbers; Know Your Business
Speaker: Fridah Ntarangwi, Founding & Managing Partner, ZidiCircle
Date: Tuesday, 15th June 2021
Time: 10:00 AM - 11:30 AM (EAT)
Register here.