Tag Archives: finance

Urenna Okonkwo, Cashmere App Founder Shares Lessons on Goal Setting

On November 6th, 14 females from various career backgrounds came together to discuss goal setting with Urenna Okonkwo, founder of Cashmere. Organised by Now You’re Talking, a community for millennial female leaders, Urenna shared her journey on being a tech founder and tips on goal setting. She is the mastermind of Cashmere, a savings platform for luxury eCommerce and one of the winners for TechWomen100.

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What Cashmere allows millennials to do is to save up enough money for their luxury trips and luxury products. If you’re looking for a smart way to buy a Gucci bag in the future, you can begin saving for it without breaking the bank or going bankrupt. Her journey like many other founders started when she saw a gap in the marketplace for expensive luxury items and millennial money. She shared some incredible tips on being an entrepreneur and running her own business.

Here are the top lessons on goal setting from the event:

  1. Clear Planning – Always plan in detail and seek help when you can’t do it all alone. Look at your strengths and your weaknesses and understand what you can outsource. Be eager to learn and receive feedback
  2. Goal Setting – Always write things down
  3. Plan For The Week Ahead – Be very detailed in your planning even up to each hour of the day. At the end of the week, go through your list of achievements and understand whether you have achieved your goal of the week
  4. Be Mindful Of Your Time – We all know how social media can be a big distraction if we do not manage our time properly. Urenna suggests we set a time apart for social media use and also to track the time we spend on social media
  5. Calls And Email Are Better Than Meeting Up – Is the meeting absolutely necessary? Can you discuss the matter over the phone? How much of your time would this take? Urenna explained how she deals with time wasters or people who want to meet up for the purpose of meeting up to discuss “ideas”. She normally asks if they can send her a list of questions on the business idea / agenda of points to discuss in the meeting. If the questions or points can be answered via email, she sends her responses to save time and energy
  6. Schedule Time On Your Calendar – Urenna suggests that Calendly (free meeting scheduling app) has helped her to manage her schedules for meetings and calls
  7. Take Your Mental Health SeriouslyHappiness planner has been useful to create time and awareness of her mental well-being
  8. Have Your Accountability Partners – “You’re the average of 5 people around you” – Will Smith.  Your accountability partners are those who are equally as ambitious as you are and with whom you share goals. They will check on you to make sure you’re on track to achieve your goals
  9. Document Your Achievement – She finds that documenting her achievements makes her feel better and is also a form of self care to acknowledge your hard work
  10. Believe In What You Do Before Taking A Leap – Social media can be quite misleading in terms of what people choose to share and not share about their journey to success. She agrees that it can be difficult to take the leap, but it’s also very rewarding. In her own words “if it’s what you want and what you believe in, go for it!”
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Lily Okorokwo and Urenna Okonkwo

Now You’re Talking will be running events in 2019 across London. Not just for the wisdom being dropped across the table but also for the connections and new friends you meet. Want to learn how you can effectively set goals and achieve them? Keep an eye out for future events.

Think of your future self today and do what you would do as that person, attend the events she would attend, do the things she would do and meet the people she would meet.

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Africa Finance Corporation Concludes Debut Swiss Franc CHF Bond Issue

Africa Finance Corporation (‘AFC’), a leading pan-African multilateral development finance institution and project developer, has issued its debut senior unsecured Swiss Franc (CHF) denominated bond, raising CHF 100 million with a tenor of 3 years and 150 days. The bond which pays an annual coupon of 0.85% has a settlement date of 27 July 2016 and maturity date of 27 December 2019.

UBS Investment Bank and Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch were Joint Lead Managers on the transaction while J.P. Morgan Securities plc and MUFG Securities EMEA plc were Hedging Banks.

The bond was issued following a non-deal roadshow in Geneva and Zurich held in June 2016. The bond issuance enables AFC to further diversify its funding sources and will provide additional long-term liquidity to support the Corporation’s investment activities. The proceeds of this bond issue will be used to fund vital infrastructure projects across the African continent.

Andrew Alli, President & CEO of AFC, said:

“Through our experience as both a financier and project developer, AFC has over the years demonstrated its ability to deliver essential infrastructure projects in Africa that will help grow African economies. We are very proud to issue our debut CHF bond as this enables us to tap a new and very important investor base as we diversify our funding sources. AFC continues to promote the real opportunities in African infrastructure around the world.

“At a time of heightened international volatility, AFC continues to provide opportunities to invest in African infrastructure to investors around the world. The successful issuance of this bond demonstrates continued investor confidence in AFC and our ability to deliver for our investors and for African economies.”

Ade Adebajo, Executive Director at UBS in London further commented:

“We are very pleased to help AFC establish this debut CHF bond issue. We view this transaction as a further step in AFC’s strategy, to diversify its funding base across multiple currencies and investors, from time to time.”

Henrik Johnsson, MD and Head of EMEA Debt Syndicate at Deutsche Bank, added: “we believe that AFC’s bold and successful entry into the CHF market will pave the way for other new market entrants as investors continue to diversify their holdings”.

To date the Corporation has invested US$3.2 billion in projects across 25 African countries and in a wide range of sectors including power, telecommunications, transport and logistics, natural resources, and heavy industries.

In June 2016, the AFC was awarded an A3/P-2 , investment grade credit rating with a stable outlook by international ratings agency Moody’s for a third consecutive year.

The 3 Decisions That Will Change Your Financial Life – Tony Robbins

Change your financial life today with these tips from motivational speaker Tony Robbins.

There’s nothing worse than a rich person who’s chronically angry or unhappy. There’s really no excuse for it, yet I see this phenomenon every day. It results from an extremely unbalanced life, one with too much expectation and not enough appreciation for what’s there.

Without gratitude and appreciation for what you already have, you’ll never know true fulfillment. But how do you cultivate balance in life? What’s the point of achievement if your life has no balance?

For nearly four decades, I’ve had the privilege of coaching people from every walk of life, including some of the most powerful men and women on the planet. I’ve worked with presidents of the United States as well as owners of small businesses.

Across the board, I’ve found that virtually every moment people make three key decisions that dictate the quality of their lives.

If you make these decisions unconsciously, you’ll end up like majority of people who tend to be out of shape physically, exhausted emotionally and often financially stressed. But if you make these decisions consciously, you can literally change the course of your life today, starting from your financial life.

 

Decision 1: Carefully choose what to focus on.

At every moment, millions of things compete for your attention. You can focus on things that are happening right here and now or on what you want to create in the future. Or you can focus on the past.

Where focus goes, energy flows. What you focus on and your pattern for doing so shapes your entire life.

Which area do you tend to focus on more: what you have or what’s missing from your life?

I’m sure you think about both sides of this coin. But if you examine your habitual thoughts, what do you tend to spend most of your time dwelling on?

Rather than focusing on what you don’t have and begrudging those who are better off than you financially, perhaps you should acknowledge that you have much to be grateful for and some of it has nothing to do with money. You can be grateful for your health, family, friends, opportunities and mind.

Developing a habit of appreciating what you have can create a new level of emotional well-being and wealth. But the real question is, do you take time to deeply feel grateful with your mind, body, heart and soul? That’s where the joy, happiness and fulfillment can be found.

Consider a second pattern of focus that affects the quality of your life: Do you tend to focus more on what you can control or what you can’t?

If you focus on what you can’t control, you’ll have more stress in life. You can influence many aspects of your life but you usually can’t control them.

When you adopt this pattern of focus, your brain has to make another decision:

 

Decision 2: Figure out, What does this all mean?

Ultimately, how you feel about your life has nothing to do with the events in it or with your financial condition or what has (or hasn’t) happened to you. The quality of your life is controlled by the meaning you give these things.

Most of the time you may be unaware of the effect of your unconscious mind in assigning meaning to life’s events.

When something happens that disrupts your life (a car accident, a health issue, a job loss), do you tend to think that this is the end or the beginning?

If someone confronts you, is that person insulting you, coaching you or truly caring for you?

Does a devastating problem mean that God is punishing you or challenging you? Or is it possible that this problem is a gift from God?

Your life takes on whatever meaning you give it. With each meaning comes a unique feeling or emotion and the quality of your life involves where you live emotionally.

I always ask during my seminars, “How many of you know someone who is on antidepressants and still depressed?” Typically 85 percent to 90 percent of those assembled raise their hands.

How is this possible? The drugs should make people feel better. It’s true that antidepressants do come with labels warning that suicidal thoughts are a possible side effect.

But no matter how much a person drugs himself, if he constantly focuses on what he can’t control in life and what’s missing, he won’t find it hard to despair. If he adds to that a meaning like “life is not worth living,” that’s an emotional cocktail that no antidepressant can consistently overcome.

Yet if that same person can arrive at a new meaning, a reason to live or a belief that all this was meant to be, then he will be stronger than anything that ever happened to him.

When people shift their habitual focus and meanings, there’s no limit on what life can become. A change of focus and a shift in meaning can literally alter someone’s biochemistry in minutes.

So take control and always remember: Meaning equals emotion and emotion equals life. Choose consciously and wisely. Find an empowering meaning in any event, and wealth in its deepest sense will be yours today.

Once you create a meaning in your mind, it creates an emotion, and that emotion leads to a state for making your third decision:

Decision 3: What will you do?

The actions you take are powerfully shaped by the emotional state you’re in. If you’re angry, you’re going to behave quite differently than if you’re feeling playful or outrageous.

If you want to shape your actions, the fastest way is to change what you focus on and shift the meaning to be something more empowering.

Two people who are angry will behave differently. Some pull back. Others push through.

Some individuals express anger quietly. Others do so loudly or violently. Yet others suppress it only to look for a passive-aggressive opportunity to regain the upper hand or even exact revenge.

Where do these patterns come from? People tend to model their behavior on those they respect, enjoy and love.

The people who frustrated or angered you? You often reject their approaches.

Yet far too often you may find yourself falling back into patterns you witnessed over and over again in your youth and were displeased by.

It’s very useful for you to become aware of your patterns when you are frustrated, angry or sad or feel lonely. You can’t change your patterns if you’re not aware of them.

Now that you’re aware of the power of these three decisions, start looking for role models who are experiencing what you want out of life. I promise you that those who have passionate relationships have a totally different focus and arrive at totally different meanings for the challenges in relationships than people who are constantly bickering or fighting.

It’s not rocket science. If you become aware of the differences in how people approach these three decisions, you’ll have a pathway to help you create a permanent positive change in any area of life.

This piece was adapted from Tony Robbins’ new book, Money Master the Game: 7 Simple Steps to Financial Freedom.  

 

Article culled from Entrepreneur.com