Suero Podcasts

Transitioning from Corporate to Entrepreneurship

Today on Suero TV we had Lorato Boakgomo-Ntakhwana back to speak about her transition from corporate to being an entrepreneur.

This is her background again although shared before, just to remind you of who she is.

Presently, Lorato, is Managing Director of Gravitas Investment t/a Sally Dairy and an Independent Non-Executive Chairman at Botswana Telecommunications Corp.

She also serves as Chairperson of LEA and a non-Executive of Metropolitan. In her past career she held the position of Chief Executive Officer & Executive Director at First National Bank of Botswana Ltd. and Deputy Chief Executive Officer at FNB International.

Lorato and I were having a conversation about how and why she decided to be an entrepreneur full time and became the owner of Sally Dairy.

How she prepared for it, how she funded it and the importance of financial planning before you retire.

She shared her journey on how she had to start from the bottom to rebrand the business and how get to product to sell its self.

We spoke about why it’s so hard to do business in Botswana and what we need to do as Batswana to make our country and easier place to trade.

Branding was also a part of the conversation and why it’s actually cheaper to manufacture in Botswana and what makes costly how we can improve that.

Manufacturing has potential in our country, we need to be selective of what we manufacture though- we spoke on this.

We spoke about the structures that are set up by govt to help entrepreneurs in our country- how these can improve to actually help the entrepreneurs.

We spoke about the importance of having the corporate experience before becoming an entrepreneurship.

Her favorite thing about being about entrepreneurship and the importance of managing cashflow in business.- we touched on this.

A lot to learn from this conversation as an entrepreneur, aspiring entrepreneur, corporate worker thinking about entrepreneurship.

Happy watching and enjoy this refreshing and inspiring.

Link to the whole conversation here https://youtu.be/BPOPRCbYTy8

conversation.

Today on Suero Podcasts we had Lorato Boakgomo-Ntakhwana

Presently, Lorato Edith Boakgomo-Ntakhwana is Managing Director of Gravitas Investment t/a Sally Dairy and an Independent Non-Executive Chairman at Botswana Telecommunications Corp.

She also serves as Chairperson of LEA and a non Executive of Metropolitan. In her past career she held the position of Chief Executive Officer & Executive Director at First National Bank of Botswana Ltd. and Deputy Chief Executive Officer at FNB International.

She received an MBA from Loyola University Maryland, Inc. and an undergraduate degree from the University of Botswana.

Lorato and I were having a conversation about leadership. I was a picking her brain on her leadership skills and how she does it.

We discussed the important values she demonstrates as a leader and her greatest strengths.

We also discussed failure as a leader how can one handle it.

We also touched on the challenges that many leaders are facing in leading in a pandemic.

Leading the latest generation as our future leaders is another challenge that Lorato and I touched on and the best way to handle.

How she gets a team to buy into an organization’s vision is what Lorato also shared.

We had a fulfilling conversation, be prepared to be inspired.

Don’t forget subscribe to Suero TV on YouTube so you don’t miss these conversations.

Retirement Planning – Why should you have a Pension Plan?

Today on Suero Podcasts we had Bupelo Moalosi, a certified financial planner and MD of of Lima Consulting.

Bupelo and I discussed the importance of planning well for your retirement, Pension being the main conversation. We basically touched on the importance of having a pension plan as soon as you start working whether your employer has it as a benefit or not.

It’s imperative to understand your retirement and pension plan are your responsibility not your employer’s.

Is it a good idea to dip into your pension before it fully matures? We touched on this.

Is it ever too late to have a pension plan? No, it’s not. Even if you are 45, you can still have one, we talked about this at depth.

Retirement anxiety is a common one especially when approaching retirement age. What is it and how can we avoid or deal with it?

This is a conversation for all working and almost retiring class as well as the retired.

We have these conversations at Suero TV to help you make your financial planning easier.

Don’t forget to subscribe to Suero TV on YouTube to watch more of these conversations.

Happy Listening.

How to save, invest and earn more for a better 2022 Podcast and Video out.

I spoke about debt and how clear it using the snowballing method.

Touched on saving & investing by shopping around for best interest rates and how to get a pension plan if you don’t have it already.

Engaging your employer or create a side hustle to increase your income is what I also touched on.

What are the steps in buying Property?

Today on Suero TV we had Sethebe Manake, she is the founder and CEO of Vantage Properties, the visionary and driver of an automated property valuation and information online platform Gosmartvalue.

Sethebe passionate about helping people build wealth in real estate, which is why she built a company focused on providing the necessary relevant information for investment in the country, and ultimately a technology platform that makes property valuations and information on real estate accessible for the ordinary Motswana.

Sethebe and I spoke about the process of buying property-  the steps to follow. We touched on the best way to negotiate when buying and what causes property prices to be high.

We spoke on the best property to buy when starting out. We spoke about the pressure of buying vs renting.

Super informative conversation, I hope you enjoyed it as much as I did.

Happy listening.

An Incase I Die File is a file to help you organize and keep all of your most important financial files and documents in one place.

Why is this file? It is super important to have it because it will make your family’s life easier to know where everything is incase you die suddenly. It’s also gives you peace of mind.

Creating your in case of death file is a serious process. So you want to start by planning first. Being as organized as possible during the process — especially at the beginning — can help, as it will likely take a few weeks to gather.

In this video I spoke about the basic documents to have in this file, such as Life Insurance and Funeral Cover Policies.

Is the Life cover is enough for your dependents? Are the payments up to date? I touched on this.

Happy Listening 

On this episode on Suero TV we had Wabo Moswate, Head of Secured Lending at Stanbic Bank.

Wabo and I had a conversation about savings, the importance of it and how to plan for it.

We touched on our savings culture as a nation in Botswana and ways on how Stanbic Bank is cultivating this to be a good culture to have.

If you are wondering how you are going to save with a tight budget, Wabo shared with us a Savings Plan that one can use to ensure that savings are prioritized monthly and how to create that extra cash to save.

Our conversation also touched on strategies to not only have savings plan, but how to maintain it using the different Stanbic Savings accounts.

I think you will enjoy this refreshing conversation because of the solutions we have for you brought to you by Stanbic Bank Botswana

Happy Listening. 

On this episode I had Ngodya Chimbwete Private Equity Transactor at Africa Lighthouse Capital. We spoke about investing at depth as a continuation of our investing theme that we started last week. He shared his journey on investing starting off as a young professional, to being a married man with a child. The dynamics of investing change as we grow and as our lives change, we spoke about this and how to align accordingly. We talked investing in the Stock Exchange and a niy about Unit Trusts and investing for your kids. Private Equity is also a topic spoke on. This is a loaded one, I think you will enjoy it. I hope this episode helps you in your investing journey. Happy watching.

Marriage and Money.

Lame and I spoke about our views and experience on Marriage and Money.

We are both fairly still fresh in this journey about six years into it, but still have a lot to share.

We touched on the importance of pre marital counselling that includes personal finance for marriage.

The importance of having marriage mentors who have been in this for while was discussed in this video.

Knowing that your partner has different money blue print from yours is an important factor to know and learn how to work together before you get married- we touched on this.

The wedding budget, how to navigate that- we spoke about this.

Happy Listening. 

How To Teach Children About Money

On this episode Lame and I discussed how to teach children about money.

What Money Blue print are you creating for your children? Do you think you are teaching them well about money?

We touched on the importance of leading by example, children copy what you do, they do not do what you say.

Lame and I shared how our parents did it and how are raising our kids on this.

Super important discussion because I believe most of us want to leave a generational legacy for our children, but the legacy won’t last if they do not know how use and manage money.