Home Business Tip for business leaders #2: business should be seen as a separate entity

Tip for business leaders #2: business should be seen as a separate entity

A business should be seen as a separate entity from its owners. This has always been a hard nut to crack for many growing businesses.

Thus, personal transactions are often conflicted with that of the business resulting in the misuse of business funds for personal interests.

Always keeping your personal and business finances separate will make a clear distinction between business and personal activities which in turn helps the business to grow in the long run.

Written by:

Henry Quartey

Baker Tilly Andah +Andah  

Source: Glitz Africa Magazine issue 19

 

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