Singer Mzbel has admonished entrepreneurs to learn the art of budgeting and maintaining financial records.
She says individual business owners need to create their own formula and techniques based on their strengths to enable them to sustain their businesses.
The songstress who spoke to Amelley Djosu on Joy Prime’s Celeb Biz show said the failure of most celebrities to succeed in business is because they are unable to apply the discipline of financial management.
“I have some celebrity friends who have pubs, but they don’t save. They just walk into the restaurant or bar and ask how much money has been made. Give me GH₵1,000, and within a short period of time, it disappears. You have to save and have your account right,” she urged.
As a multiple-business owner, she explained how she developed the skill to successfully manage her finances without employing an accountant to sustain her firm.
Based on her experience, she believes that doing things one's own way allows for comfort and ease of flow in the operation of their company.
However, for those who may prefer to apply the hierarchical structure of entrepreneurship, she encouraged them to still add their own skills to be able to harness growth.
The singer-entrepreneur said, “When you do things the way you understand, it’s comfortable and easy. But if you want to follow how everybody is doing it, you must have an accountant, and he or she will tell you how things should be done.”
“For government sake, certain things are supposed to follow. But you should have your own flexible way of running your business, and it will work because it has worked for me,” she added.
She also challenged all entrepreneurs to instill discipline, be ready to embrace the "bitter" aspect as it arises, and keep their enterprises moving forward.
Born Belinda Nana Ekua Amoah, the "16 Years" hitmaker, aside from her music career, owns several businesses, including Bela’s Pub, Bel Kids Playground, Bel Jam Records, Bel Eye Media, and Bel Care Foundation.
Latest Stories
-
UNESCO Urges Africa to embrace Quantum Technology
50 seconds -
What the Rocket Classic reveals about the state of the PGA Tour in 2025
22 minutes -
Chief of Staff Julius Debrah rallies corporate Ghana for Joy Sports Invitational 2025
32 minutes -
Cedi can rival dollar if Ghanaians restore trust, says BoG governor
48 minutes -
Swedru police burn 10 wee ghettos; 4 arrested
57 minutes -
ICU Ghana elects new youth leaders at 6th National Quadrennial Delegates’ Conference
1 hour -
Ghana to participate in maiden ANOCA School Games in Algeria
1 hour -
Ghana, Serbia to sign labour mobility agreement as bilateral ties deepen
1 hour -
Armwrestling: Glico insures Golden Arms, NHIA, NPA, others support for Africa Championship
1 hour -
The dollar is not a legal tender in Ghana, you can reject it as medium of payment – BoG Governor
2 hours -
Ghanaians will vote NDC out if Mahama fails ‘galamsey’ fight – Tony Aidoo
2 hours -
WAFCON 2024: ‘We believed in ourselves’ – Chantelle on Black Queens’ big win over Tanzania
2 hours -
WAFCON 2024: ‘Proud to wear the Ghana badge’ at competition – Chantelle Boye-Hlorkah
2 hours -
Respect Ghana laws and desist from divisive conduct – Okudzeto warns Igbo leader
2 hours -
Chief of Staff confirms participation in 2025 JoySports Invitational
2 hours