Business Money- Finance Management As A Tool For Growing Your Micro Business

Today we want to have a conversation regarding how many micro business makers have set themselves as slaves of their businesses. 

Working very hard, giving all their time, however lack of small displine on how they handle business money fails them terribly. Imagine that grocer who wakes up very early in the morning, gets enough fresh grocery and start off to sell.

As they make sales, they encouter various needs that needs to be paid off;

1. Sends cash for the daily contribution towards women merry go round

2. Sends cash for weekly contribution towards women merry go round

3. Sends cash for monthly contribution towards women merry go round

4. Sends cash for church group that is buying church instruments

5. Sends cash for whatsapp group asking contribution towards burial of a friends grandfather

6. Sends cash for buying unga for family daily food

7. Buys a brouse for her and snickers for child from passing merchandiser

8. Buys uji thrice in a day from a food freelancer person

In deed a narrative that shows power of a micro business on what it is able to accomplish in one day.

However this business will never liberate the owner regardless of working very hard to sustain all these social acquintances from the business money.

Now imagine if the owner of this business would come up with a small daily, weekly and monthly budget on items that the business should help pay.

Secondly imagine if this owner puts all daily business money in a bank account or wallet and remove only on basis of items which are in the budget

Thirdly imagine if the owner always prepares a small weekly profit and loss account showing profit available. This would allow spare business capital without depleting it.

Fourth imagine this owner would be left with alot of time to grow business without disruption from unplanned priorities.

Fourth imagine this repeated for one year. How liberative it can be. How much it can set the business for growth.

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Keep learning and growing…

Gachoka