During my mentorship yesterday at 2Day Venture, I was reminded of where I was a decade ago when I first started building my companies. I saw students presenting ideas that had tremendous potential, but some were hesitant to take advice.
Recently, I found myself explaining the importance of financial planning to the current cohort of the Nyenyezi Fellowship, who were excited about newfound funds in the the Kwathu Kollective. Their excitement was infectious, but it also reminded me of a critical lesson for any entrepreneur: managing cash flow and understanding financial statements isn’t just important—it’s essential for survival and growth.
CeraVe was initially a casual purchase. I didn’t plan to commit to the entire product line, but hey—it was turquoise, and my love for color coordination may have subconsciously played a role. What started with a single cleanser quickly turned into a full-on relationship. Now, CeraVe is my holy grail, and I couldn’t be more thankful.
Last year when I began my MBA (years from when I was first fascinated with money), finance hit me with a reality check. My first-semester finance course was difficult, stretching me beyond my comfort zone. I found myself wrestling with concepts like discounted cash flows, net present value, and the intricacies of investment decisions. I found myself (better) understanding money.