JYAMBERE · KAMONYI
Plan your small business
For a shop, craft business or processing activity, understand how money moves through the business and what keeps it running.
- 01
Separate household and business
Record money taken for the household as a business withdrawal. Sales are not all profit: stock and other running costs still need to be paid.
- 02
Track purchases and sales
Keep a simple record of stock purchases, sales, amounts customers owe and payments due to suppliers. Notice stock that remains unsold for a long time.
- 03
Define what the funding will do
Buying stock is different from buying equipment used over several years. Record the price and when each purchase can begin generating receipts.
- 04
Test a quieter month
Check whether rent, wages and other regular bills can be paid during a quieter month. Any loan repayments also need a place in that plan.
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