The Monitor :: Three Youth Entrepreneurs Find Niche In Cloud Accounting
Banners
Banners
Banners
Banners
Last Updated
Tuesday 13 November 2018, 16:21 pm.
Banners
Three Youth Entrepreneurs Find Niche In Cloud Accounting

When on graduation, most young people hit the streets looking to be absorbed into the work market, the trio Botswana Accountancy College graduates, Tshepo Ntshekang, Kao Kgosi and Kgosi Kgosi decided to be their own bosses and started their cloud accounting firm.
By Pauline Dikuelo Mon 03 Sep 2018, 18:00 pm (GMT +2)
The Monitor :: Three Youth Entrepreneurs Find Niche In Cloud Accounting








The company, NGBO, offers an online cloud based accounting for SME’s, tax scribe, other services including secretarial services, tax registrations and de-registration, VAT/Tax waivers, appeals, submissions and fillings.

In an interview with Monitor Business, Ntshekang said that the idea started during their tertiary days where they brainstormed ideas on what to do upon completion of their studies.“We were always talking about starting our business during our breaks at school because we were aware of the unemployment rate.

We brainstormed ideas, studied the industry and finally agreed to start our own accounting firm based on our background,” she said. Upon completion, the determined trio then registered their business embracing themselves to join the industry that is dominated by the big four international accounting firms.

Currently the company is managing accounting, taxes and finances of 20 SMEs in retail, hospitality, construction, automotive, tourism, health and beauty as well as logistics industries. According to Kgosi, they did not bother with the big four as they realised that big companies did not cater for the small and medium size enterprises (SMEs), who have

Banners

little resources to engage them.

He said to be more competitive; they then decided to embrace technology by offering online accounting basically giving easy access to one’s office and real time financial data conveniently. “We saw a gap in the market after realising that the big four accounting firms’ concentration is on well established companies leaving SMEs out. We grabbed that opportunity and the reception has been amazing,” he said.

The trio were fortunate to get funded by the Ministry of Youth Empowerment, Sport and Cultural Development last year, two years later after registering their company. When touching on the benefits of cloud accounting, he said that after downloading an accounting app, a user can always track their updated financials at their convenience which are also automatically stored in the cloud.

“Cloud accounting is one of those tool that can assist in streamlining your processes. As an SME, administration functions such as accounting are incredibly important but unfortunately time consuming,” he said.

Earlier this year, MJBO won an award at the youth business expo after scooping position three.

Subscribe to our Newsletter
Banners
Banners
Banners


Business
Mon 03 Sep 2018, 18:00 pm
Mon 03 Sep 2018, 11:32 am
Mon 03 Sep 2018, 11:30 am
Mon 27 Aug 2018, 18:00 pm
Mon 27 Aug 2018, 13:46 pm
Mon 27 Aug 2018, 13:44 pm
Mon 27 Aug 2018, 13:40 pm
Mon 20 Aug 2018, 18:00 pm
Mon 20 Aug 2018, 13:31 pm
Mon 20 Aug 2018, 13:30 pm
Mon 20 Aug 2018, 13:25 pm
Mon 13 Aug 2018, 18:00 pm
Mon 13 Aug 2018, 12:57 pm
Mon 13 Aug 2018, 12:56 pm
Mon 06 Aug 2018, 18:00 pm
Mon 06 Aug 2018, 12:15 pm
Mon 06 Aug 2018, 12:13 pm
Mon 30 Jul 2018, 18:00 pm
Mon 30 Jul 2018, 12:49 pm
Mon 23 Jul 2018, 18:00 pm
Mon 23 Jul 2018, 13:04 pm
Mon 23 Jul 2018, 13:01 pm
Mon 23 Jul 2018, 12:59 pm
Mon 09 Jul 2018, 18:00 pm
Mon 09 Jul 2018, 13:50 pm
Banners
Banners
Subscribe to our Newsletter
have a story? Send us a Tip
Banners
  • Previous
    Halloween
    Next
    Masa Centre
    ::: Wednesday 07 Nov - Thursday 15 Nov :::
    Halloween
    Peppermint
    The Nutcracker and the Four Realms
    Nobody's Fool
    Goosebumps 2: Haunted Halloween
  • Previous
    Peppermint
    Next
    Riverwalk
    ::: Wednesday 07 Nov - Thursday 15 Nov :::
    Peppermint
    Halloween
    The Nutcracker and the Four Realms
    Nobody's Fool
  • Previous
    The Nutcracker and the Four Realms
    Next
    Gamecity
    ::: Wednesday 07 Nov - Thursday 15 Nov :::
    The Nutcracker and the Four Realms
    Halloween
    Peppermint
    Nobody's Fool
    Goosebumps 2: Haunted Halloween
    Venom
Selefu
Mugabe
Banners
Banners
istanbul escort