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, […]

How to write your Business Plan in 11 steps


The Business Plan is the document where all the information regarding your company creation are stated. In this article, we give you the essential parts to put in your BP and a logical order that you can follow. But then, everyone can have its own style or method ! We shall present you 11 eleven steps to apply two basic concepts […]

Understanding & Using Forecasting

The results – the formal projections – are often less important than the process itself. If nothing else, strategic planning allows you to “come up for air” from the daily problems of running the company. Take stock of where your company is, and establish a clear course to follow. Regular planning also helps your company […]