With a little guidance here and there, any business owner can handle book-keeping. It is simply organizing your financial transactions in clear and conscience manner. Below are some of the things you need for successful book-keeping.
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Best ways to manage employees for a small business
Effective management of employees involves a delicate balance between enhancing labor productivity and maintaining staff well-being.
This is even more important for a small business where proverbial cogs in the wheel are few and therefore malfunction in one is felt relatively intensely by the entire system. Below is a list of strategies that entrepreneurs in Kenya can use to improve their human resource operations so that their small business runs like a well-oiled machine.
What business processes can be automated?
Most small businesses in Kenya like in other parts of the world are used to manually conducting operations. We are however now learning that human intervention can be minimized for greater effectiveness, efficiency and security. This is basically what automation is, and this article shows Kenyan small businesses how they can take advantage of various technologies that will allow them to focus on core functions, while support functions remain well-executed.
Reports needed in a small business in Kenya
One of the best learning and preparation tools for small businesses are reports. Not only do they present outcomes from past actions for evaluation, but they also enlighten users (e.g. owners and investors), for proper decision-making.
This article focuses on four major financial reports needed in small businesses in Kenya. These are: sales report, income statement, balance sheet and cash flows statement.