Last week’s Oyonnx R.E.A.L TALK event was filled with inspiration and valuable learnings from business leaders who shared their journeys and insights on managing numbers to grow and scale their companies. We had the privilege of hearing from Jason Venu, Director of Coversure, Rachel Petero, Director of RISE Global, and Sanjil Mistry, Director of Pragma Group who offered practical advice on navigating the financial side of business growth.
Some key takeaways from the event:
- Focus on Gross Profit for Real Growth
Understanding and focusing on your gross profit is key to measuring true growth. It allows you to make informed decisions when balancing risk versus reward, ensuring that you’re scaling in a sustainable way.
- Review Your Numbers Regularly
Stay ahead of your cash flow by going over your financials on a monthly or even fortnightly basis. This proactive approach helps you manage potential issues before they arise and keeps your business financially healthy.
- Build a Strong Relationship with Your Accountant
Having a close relationship with your accountant is essential. They can provide crucial insights into how to interpret and use your numbers, guiding you in making smarter, data-driven decisions for your business.
A big shoutout to Steve Misa for the fantastic opening and closing remarks, to Selepa Sasalu, Director of E.S.T.H.E.R bmc Ltd for your incredible moderating, and to Felila Asiata-Feausi and the entire Oyonnx team for organizing such a great event!
Stay tuned for R.E.A.L Talk #3 — you won’t want to miss it!