5 Common Financial Mistakes that Kill Small Businesses in Africa. Number 3 Is the Most Deadly!


Are you a victim of the common financial mistakes that kill small businesses in Africa? You’re about to find out. I’m sure you would have heard the notorious statistic that nearly 80 percent of small businesses that start today may die within the first 18 months. This is both a sad reality and a mindblowing […]

How to Forecast Sales


First, allow me to deal with a very common problem: Business owners are often afraid to forecast sales. But, you shouldn’t be. Don’t think there is some magic right answer that you don’t know. Don’t think that it’s a matter of training you don’t have. It doesn’t take spreadsheet modeling (much less econometric modeling) to […]

How to Prepare a Balance Sheet


If you’re in the process of starting a business or writing a business plan document, you’ll have heard the phrase “balance sheet” mentioned, or maybe you’ve seen one in a sample business plan. The balance sheet is one of three essential parts that form the bedrock of a company’s financial statements: cash flow, balance sheet, […]