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Experts tip on managing cash flows in volatile environment

Experts tip on managing cash flows in volatile environment December 23, 2020 Charles Ocici (R) tips entrepreneurs Entrepreneurs have been urged to properly manage their cash flows so as to survive in this volatile environment characterized by depressed consumer demand caused by the Covid-19 pandemic, writes ERNEST JJINGO. Charles Ocici, the Enterprise Uganda executive director, said that businesses need to keenly watch their cash flows than ever before to ensure that their businesses remain in a healthy position. “Analyze and see what you could do to improve sales which is the key source of cash flow. But as revenues come in, look at the outflows too; manage them well so that you balance inflows with the outflows. Do away with all sorts of luxuries,” Ocici said.

Gig economy: Could it drive job market trends?

Daily Monitor Tuesday December 15 2020 A SafeBoda rider sets off to deliver goods from the market to a customerduring the lockdown . SafeBoda has been able to use its existing infrastructure in the form of boda boda network and payments to pivot from a transport service provider to an e-commerce and logistics platform. PHOTO/RACHEL MABALA Summary Flexible schedules. Some workers are joining the gig economy for the flexibility, freedom and personal fulfillment that it provides them. Advertisement As the world revolves, several people are finding new ways of how to support their meagre income in order to fully sustain themselves. This has resulted in things such as the ‘gig economy’ which has been utilised to live the kind of lives they desire.

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