Sayda Youth In Business

25/12/2025

08/10/2025

𝐂𝐀𝐋𝐋 𝐅𝐎𝐑 𝐀𝐏𝐏𝐋𝐈𝐂𝐀𝐓𝐈𝐎𝐍𝐒!!!

𝐖𝐨𝐦𝐞𝐧𝐋𝐢𝐟𝐭 𝐇𝐞𝐚𝐥𝐭𝐡 𝟐𝟎𝟐𝟔 𝐄𝐚𝐬𝐭 𝐀𝐟𝐫𝐢𝐜𝐚 𝐒𝐢𝐠𝐧𝐚𝐭𝐮𝐫𝐞 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐉𝐨𝐮𝐫𝐧𝐞𝐲 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 𝐟𝐨𝐫 𝐦𝐢𝐝 𝐭𝐨 𝐬𝐞𝐧𝐢𝐨𝐫 𝐜𝐚𝐫𝐞𝐞𝐫 𝐰𝐨𝐦𝐞𝐧 (𝐅𝐮𝐥𝐥𝐲 𝐅𝐮𝐧𝐝𝐞𝐝)

Application Deadline: 10th October 2025

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐫𝐞 𝐧𝐨𝐰 𝐨𝐩𝐞𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝟐𝟎𝟐𝟔 WomenLift Health East Africa Signature Leadership Journey Program.
The 𝐟𝐮𝐥𝐥𝐲 𝐟𝐮𝐧𝐝𝐞𝐝, 𝟏𝟐-𝐦𝐨𝐧𝐭𝐡 𝐖𝐨𝐦𝐞𝐧𝐋𝐢𝐟𝐭 𝐇𝐞𝐚𝐥𝐭𝐡 East Africa Leadership Journey is designed to provide talented 𝐦𝐢𝐝-𝐬𝐞𝐧𝐢𝐨𝐫 𝐜𝐚𝐫𝐞𝐞𝐫 𝐰𝐨𝐦𝐞𝐧 𝐥𝐞𝐚𝐝𝐞𝐫𝐬 𝐢𝐧 𝐡𝐞𝐚𝐥𝐭𝐡 with the safe space to explore their authentic leadership through vulnerability and reflection, an inclusive and diverse network which fosters a strong sense of belonging, tools and strategies for enhancing their voice, presence, and influence – all the while being supported by a powerful group of peers, mentors, and coaches. The program imparts contextualized tools and frameworks to address the individual, organizational, and societal challenges that women leaders in global health face today.

Participants engage in 𝐭𝐰𝐨 𝐢𝐧-𝐩𝐞𝐫𝐬𝐨𝐧 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐭𝐢𝐚𝐥 𝐥𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐢𝐞𝐬 (Immersion and Lift-Off), in addition to 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐥𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐭𝐨𝐮𝐜𝐡𝐩𝐨𝐢𝐧𝐭𝐬, 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐠𝐫𝐨𝐮𝐩 𝐦𝐞𝐧𝐭𝐨𝐫𝐢𝐧𝐠, 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐨𝐧𝐞-𝐨𝐧-𝐨𝐧𝐞 𝐜𝐨𝐚𝐜𝐡𝐢𝐧𝐠 𝐬𝐞𝐬𝐬𝐢𝐨𝐧𝐬, and importantly, a self-directed 𝐇𝐞𝐚𝐥𝐭𝐡 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 – all the while being supported by their Leadership Journey community and experts in the health sector.

Eligibility Requirements

You are eligible for consideration if you meet all of the following criteria:

*You identify as a 𝐰𝐨𝐦𝐚𝐧
*You work in a role that focuses on 𝐩𝐮𝐛𝐥𝐢𝐜 𝐡𝐞𝐚𝐥𝐭𝐡 policy, practice, and/or research (Your work and partnerships serve populations at the national or regional level in East Africa and may include practicing public health, producing research and innovation, creating or implementing policy, supporting health service delivery, or managing teams/departments or projects/grants in public health.)
*You have 𝟏𝟎-𝟐𝟓 𝐲𝐞𝐚𝐫𝐬 of experience working in public health in East Africa (Kenya, Uganda, Rwanda, Tanzania, South Sudan, Ethiopia)
*You are an East Africa 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 and reside and work 𝐰𝐢𝐭𝐡𝐢𝐧 East Africa
*Possess ease in written and verbal communication in 𝐄𝐧𝐠𝐥𝐢𝐬𝐡

Benefits

*There is no cost to participate if you are selected. All program costs, including travel and lodging, are covered.

Program Timeline:

*𝐎𝐩𝐞𝐧 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐏𝐞𝐫𝐢𝐨𝐝: Application period closes on October 10, 2025, by 5:00PM EAT
*𝐍𝐨𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐏𝐞𝐫𝐢𝐨𝐝: We will notify applicants about their acceptance or rejection status by January 2026.
*𝐀𝐜𝐜𝐞𝐩𝐭𝐚𝐧𝐜𝐞 & 𝐏𝐫𝐞-𝐎𝐫𝐢𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐏𝐞𝐫𝐢𝐨𝐝: The accepted candidates will be asked to confirm their participation within two weeks of receiving their acceptance letters, after which we will begin pre-Journey onboarding.
*𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐉𝐨𝐮𝐫𝐧𝐞𝐲 𝐋𝐚𝐮𝐧𝐜𝐡: Orientation commences 𝐭𝐡𝐞 𝐬𝐞𝐜𝐨𝐧𝐝 𝐰𝐞𝐞𝐤 𝐨𝐟 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟔.

For More Information Visit: https://www.womenlifthealth.org/east-africa-leadership-journey-application/

10/02/2025

𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐓𝐨𝐨𝐥𝐬 𝐟𝐨𝐫 𝐄𝐯𝐞𝐫𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫

Mastering your business’s finances is a critical part of running any successful enterprise. A sure way to do this is by cultivating healthy financial management habits and working on these on a daily, monthly and quarterly basis, advises Precious Mvulane, GAD Consulting Services’ managing director and author of The Essential Finance Handbook, a guide that helps business owners to manage their business’s financial performance. Entrepreneurs can use financial management tools to help manage these tasks.

The benefits of adopting good financial management habits are numerous, not only does it enable you to manage your cash flow, but it also empowers business owners to set financial goals. For most new businesses, good financial management can help with securing funding.

According to Mvulane, this is because most funders want to see that a business owner can make the most of resources (including funding) and this requires strong administration and financial skills.

Mvulane said in a previous interview: “Entrepreneurs forget that business success is measured by the financial success of the business not by the passion. Passion will help you wake up in the morning and sleep well at night because you are doing what you love. But it will not pay the bills.”

Although managing finances continues to be intimidating for many entrepreneurs, it is possible to master if you use the right financial management tools and implement key financial practices.

Here’s Mvulane guide to proper financial management for SMEs.

𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐓𝐨𝐨𝐥𝐬 𝐄𝐯𝐞𝐫𝐲 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫 𝐒𝐡𝐨𝐮𝐥𝐝 𝐁𝐞 𝐔𝐬𝐢𝐧𝐠
1. 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 for basic accounting tasks such as invoicing, expense tracking, client/vendor contact management, automation of billing and recurring payments.
2. 𝐀 𝐩𝐚𝐲𝐫𝐨𝐥𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐭𝐨𝐨𝐥 for the administration of an employee’s financial records like salaries, wages, bonuses, deductions, and net pay.
3. 𝐀𝐧 𝐢𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐭𝐨𝐨𝐥 to generate sales reports, set up automatic low inventory alerts, and manage order packing and shipping.

𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐄𝐯𝐞𝐫𝐲 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫 𝐒𝐡𝐨𝐮𝐥𝐝 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭
In addition to using the right tools, an important aspect of financial management is implementing proper financial practices and processes. This includes:

𝟏. 𝐑𝐞𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐄𝐯𝐞𝐫𝐲 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧
*Record daily how much you earn and spend.
*Keep receipts for everything you spend money on a daily basis. *Make sure you take pictures of them or photocopy them because the slips generally fade.

𝟐. 𝐂𝐨𝐦𝐩𝐢𝐥𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬
*Summarise daily transactions into weekly reports.
*Compare and check monthly reports generated by your accountant against your own totals to ensure they are entered correctly, do it by the seventh of the month.
*Read monthly financial reports to understand what they mean and if you don’t understand anything set meetings with the accountant to explain.

𝟑. 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐚𝐥𝐥𝐲 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐧𝐠 𝐘𝐨𝐮𝐫𝐬𝐞𝐥𝐟
Education is a vital financial management tool, but it doesn’t necessarily mean formal education. Read finance books or articles daily. This will help to up your financial knowledge and skills.
Submit source documents to the accountant weekly or /and back up records using the online system.

24/01/2025

𝟐𝟎𝟏𝟑 𝐔𝐃 𝐐𝐔𝐎𝐍 𝟐𝟔-𝟒𝟏𝟎 𝟏𝟎𝐂𝐔𝐁𝐄 𝐓𝐈𝐏𝐏𝐄𝐑
Selling at R850 000 + VAT
342 678 Kms
Manual
10 Cube
Immaculate condition
Ready to work
Great investment for your business.

Full Price Includes :
*Roadworthy
*Service
*Checklist Repairs
*21 Day Permit
*Sparewheel, Jack, Wheelspanner
*30 Day Warranty On the Engine, Gearbox and Diff
For all exports we don't charge VAT.
Just R6500 for all your export documents.
Available at Boksburg yard, Gauteng, South Africa .
For viewing appointment call or WhatsApp me on (011) 568-6910 / 084 979 5030

24/01/2025

𝐏𝐮𝐛 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭 𝐅𝐨𝐫 𝐒𝐚𝐥𝐞 (Boksburg)
Price: R7mill
Turnover: R2.5mil
Nett: R350.000
Includes 2 pubs, a bar with a music section as well as gambling machines
Contact Oscar
Call / Text: (011) 568-6910 / 084 979 5030
Email: [email protected]

24/01/2025

𝐇𝐨𝐰 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬

Business expansion is not just about making things bigger but also entering new markets and gaining new clients. For small businesses, operating in the digital age means you have the tools and resources to digitise your business and access international markets thanks to e-commerce technology.

Before you can start selling abroad, you need to know how to access international markets.

An international market is a market outside the international border of a company’s country of citizenship. A company is typically defined as a citizen of the country where it’s formed. It’s important for small businesses to get access to international markets to help with their growth and increase their revenue streams.

In this article, we look at how you can access international markets as a small business.

𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠
International marketing does not only support the diversification of your business, but it also helps you reach a global audience. Some of the other benefits are:

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧
International markets enable you to diversify your business and reduce any dependence you have on a single market or region. This helps safeguard your business against economic uncertainty and domestic market fluctuations.

𝐁𝐫𝐚𝐧𝐝 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧
By marketing to international markets, you allow your brand to move beyond South Africa and achieve global recognition. This enhances your brand reputation and positions your business as a player on the world stage.

𝐁𝐞𝐭𝐭𝐞𝐫 𝐒𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐟𝐢𝐭𝐬
Successful international marketing efforts increase your customer base and drive-up sales. This means your business will make a higher profit, provided that the costs of reaching international markets are managed well.

𝐋𝐨𝐧𝐠𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐋𝐢𝐟𝐞𝐜𝐲𝐜𝐥𝐞
Products can sometimes have a different lifecycle in other markets. If you have a product that has reached its maturity or decline in one market, it can still be in a growth phase in other markets. This prolongs the lifecycle of the product and reduces costs.

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧
By exposing your business to new environments and cultures, you can stimulate innovation and creativity amongst your team. This leads to the development of new products or services which are tailored to the needs of your international customers.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞
Marketing your business internationally can help you gain an advantage of your competitors. International markets increase your brand recognition and market share which can help you establish a strong grip in new markets and compete on a global scale.

The benefits of international marketing are there to see. Think of brands like MaXhosa, Nando’s and Investec, and how they are home grown brands who have entered international markets successfully.

𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬
As much as there are benefits to joining international markets, you need to also know what challenges you will face. Some of the challenges include:

𝐂𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬: Cultural norms differ throughout the world. Misunderstanding them can lead to potentially offending customers and damaging your brand reputation.

𝐋𝐚𝐧𝐠𝐮𝐚𝐠𝐞 𝐛𝐚𝐫𝐫𝐢𝐞𝐫𝐬: Language barriers can lead to poor communication which can distort your brand messaging or cause offence.

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬: Each country has its own laws and regulations regarding businesses. Not being aware of regulations can lead to hefty fines and legal issues.

𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬: Different economic conditions such as income levels and exchange rates. This can have a significant impact on your pricing, product demand and profitability.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐚𝐭𝐮𝐫𝐚𝐭𝐢𝐨𝐧: In some markets, high levels of competition might make it difficult for your brand to stand out and achieve market share.

𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬: International marketing can involve issues in logistics like shipping, handling customs, managing international teams and coordinating multi-time zone activities.

𝐋𝐨𝐜𝐚𝐥 𝐩𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬: You need to adapt your products, packaging and marketing strategy to meet the preferences of consumers in various countries which can be quite a complex task.

𝐓𝐢𝐩𝐬 𝐭𝐨 𝐄𝐧𝐭𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬
Below are some tips/strategies you can use to prepare your business for the international markets.

𝐓𝐢𝐩 𝟏: 𝐄𝐱𝐩𝐨𝐫𝐭𝐢𝐧𝐠

Exporting is probably the easiest and most common way of entering international markets. You can produce your goods in South Africa and sell them to consumers abroad. Exporting is a great international marketing strategy because it’s low risk which is ideal for small businesses.

𝐓𝐢𝐩 𝟐: 𝐋𝐢𝐜𝐞𝐧𝐬𝐢𝐧𝐠

Licensing means you grant rights to your intellectual property (patents, trademarks, copyright etc.) to a foreign company. In return, the international company pays your royalties. This allows you to use your intellectual assets abroad with investing in resources for foreign operations.

𝐓𝐢𝐩 𝟑: 𝐅𝐫𝐚𝐧𝐜𝐡𝐢𝐬𝐢𝐧𝐠
Franchising as we know is used by brands such as KFC and McDonald’s. This strategy can give you access to international markets without the fuss of running the business. It allows for quick market expansion and entry, and leverages the local knowledge of the franchisee.

𝐓𝐢𝐩 𝟒: 𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬

E-commerce platforms like Amazon South Africa, are a great way to enter international markets. These platforms have millions of customers on their platform and products come from sellers in various countries. You can gain an international customer base and new revenue stream by listing your products on e-commerce platforms.

These tips can help guide you on your journey to international success. Ensure you have a good understanding of the market you want to enter and prepare your business for more customers, sales and profits.

23/01/2025

𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫 𝐒𝐚𝐥𝐞 (Secunda)
Price: R2.8Mil
Turnover: R600000

This supermarket includes a butchery, bakery and a takeaways

Contact Oscar
Text/Call: (011) 568-6910 / 084 979 5030
Email: [email protected]

22/01/2025

𝐏𝐥𝐚𝐧 𝐘𝐨𝐮𝐫 𝐆𝐫𝐚𝐧𝐝 𝐎𝐩𝐞𝐧𝐢𝐧𝐠

A grand opening is a great idea to launch your business and let people know about it. It’s your opportunity to grab people’s attention, create anticipation, and engage with your audience. But as with any good show, a great grand opening takes a lot of planning and coordinating. The following steps help you plan for a grand opening that will leave a mark in the memories of your customers.

𝐒𝐞𝐭 𝐂𝐥𝐞𝐚𝐫 𝐆𝐨𝐚𝐥𝐬 𝐟𝐨𝐫 𝐘𝐨𝐮𝐫 𝐆𝐫𝐚𝐧𝐝 𝐎𝐩𝐞𝐧𝐢𝐧𝐠
First, you need to determine the purpose of the grand opening so that you will know what you want to accomplish. Do you want to attract customers, gain media attention, build potential partnerships, or create awareness about your brand? Your goals will determine the event format, the activities that will be held, and the marketing strategy. For example, if your goal is to drive sales, consider offering discounts or giveaways. If you want to build brand awareness, focus on creating memorable experiences and inviting the media.

𝐂𝐡𝐨𝐨𝐬𝐞 𝐭𝐡𝐞 𝐑𝐢𝐠𝐡𝐭 𝐃𝐚𝐭𝐞 𝐚𝐧𝐝 𝐓𝐢𝐦𝐞
Timing is everything. Choose a date that gives you enough time to prepare and aligns with your target audience’s availability. Avoid public holidays, competing local events, or times when your audience might be busy. Think about the type of business you are running, a coffee shop will most likely do well with a morning event, while a boutique might attract customers in the afternoon or early evening.

𝐒𝐞𝐭 𝐚 𝐁𝐮𝐝𝐠𝐞𝐭
Set up a budget to guide your spending. Include costs for the venue, marketing, catering, decorations, and entertainment. This way you avoid overspending yet you will have created a memorable good event.

𝐏𝐥𝐚𝐧 𝐄𝐧𝐠𝐚𝐠𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬
An engaging grand opening keeps guests excited and talking about your business and this is what you want for your business. Include activities such as product demonstrations, live music, or a ribbon-cutting ceremony. Other activities such as competitions or games, raffles, or even a tour of your space make the event lively and memorable.

𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐭𝐨 𝐂𝐫𝐞𝐚𝐭𝐞 𝐇𝐲𝐩𝐞.
You should begin promoting your event weeks before the actual event using as many platforms as possible. Social media is a powerful tool. Create event pages, post teasers, and share behind-the-scenes content. E-mail invitations to your contact list can highlight event details and the benefits of attending. Flyers, posters, and press releases to local media can increase your reach.

𝐏𝐫𝐞𝐩𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐒𝐩𝐚𝐜𝐞
Make sure that your facility is tidy, well-organised, and reflects your brand image. Use eye-catching signage, and thoughtful decorations, and provide comfort with seating or weather-appropriate arrangements. Have staff on standby to assist guests and answer questions about your products or services.

𝐎𝐟𝐟𝐞𝐫 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐏𝐫𝐨𝐦𝐨𝐭𝐢𝐨𝐧𝐬
Everyone loves a good deal. Attract visitors by offering discounts, free samples, or limited-time offers. These promotions not only attract people but encourage visitors to make a purchase and help create hype about your business.

𝐈𝐧𝐯𝐢𝐭𝐞 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐆𝐮𝐞𝐬𝐭𝐬 𝐚𝐧𝐝 𝐒𝐩𝐞𝐚𝐤𝐞𝐫𝐬
Whether it’s a city official, industry expert, or another special guest, inviting a speaker or VIP can be a smart idea. After all, they have a following, fans, and supporters. In any case, if people are aware that a special guest will be present at your grand opening, they may be motivated to pass by.

𝐏𝐚𝐫𝐭𝐧𝐞𝐫 𝐰𝐢𝐭𝐡 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬
If you don’t have an established customer base to count on, you should consider teaming up with those who do.

The best partnerships are those that happen between non-competing businesses that have similar customer bases. If you can find a business like that to co-host your grand opening with you, you will get a better turnout and you will both get increased exposure.

𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝐭𝐡𝐞 𝐌𝐨𝐦𝐞𝐧𝐭
Capture your grand opening with photos and videos for your social media, marketing materials, and media coverage. Hire a professional photographer or assign someone on your team to capture the highlights. Encourage guests to share their photos using a branded hashtag.

A good launch plan is crucial to the success of your business and it will help in the launching process. When these goals are defined your audience’s attention is captured, and when marketing is incorporated, your grand opening leaves a good and lasting impression. It’s important to understand that your grand opening is more than just a party, it’s the start of your business.

08/01/2025

𝐇𝐨𝐰 𝐭𝐨 𝐎𝐩𝐞𝐧 𝐚 𝐒𝐭𝐨𝐫𝐞 𝐢𝐧 𝐚 𝐌𝐚𝐥𝐥

To open a store in a mall in South Africa is a good choice for some businesses. Malls are popular social places where people go to shop, eat, and hang out. When you open your store in a mall, you are assured of a large reach of customers. But there are several important things that you need to know before you open your doors. This article will help you understand the processes of opening a shop in a mall.

𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐧𝐝 𝐂𝐡𝐨𝐨𝐬𝐞 𝐭𝐡𝐞 𝐒𝐭𝐨𝐫𝐞 𝐓𝐲𝐩𝐞
It is crucial to understand the market before you put up a store. This means the ability to identify the people who visit the mall and what they are most likely to purchase. Ask yourself questions like:

*Which products are people in the mall likely to purchase?
*Who is your target customer? Is it young people, families, or professionals?
*What does your competition look like? Are there any other stores like these in the mall already?

After you have answered these questions, you should be in a position to determine the type of store you wish to open. It could be a clothing store, an electronics store, a food store, or even a beauty store. Choose a store type that fits the mall’s customers and your interests.

𝐏𝐥𝐚𝐧 𝐘𝐨𝐮𝐫 𝐁𝐮𝐝𝐠𝐞𝐭
There are costs when it comes to opening a store in a mall. Of course, you should know how much money you need to start, and this is why it is necessary to plan your budget. These are some of the costs you will need to consider:

𝐑𝐞𝐧𝐭𝐚𝐥 𝐂𝐨𝐬𝐭𝐬: Malls charge rent for space in their building. The cost will be determined by the size of the space and the location of the mall. Stores in busy areas are usually costly.

𝐑𝐞𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐬𝐭𝐬: There may be a need to change the store space, for example, painting the walls or constructing shelves.

𝐒𝐭𝐨𝐜𝐤 𝐂𝐨𝐬𝐭𝐬: You will need products to sell. Stock costs will depend on what you are selling.

𝐒𝐭𝐚𝐟𝐟 𝐒𝐚𝐥𝐚𝐫𝐲: If you hire employees to assist in running the store, you will have to pay your employees a salary.

𝐔𝐭𝐢𝐥𝐢𝐭𝐢𝐞𝐬: You will also have the expenses on electricity bills, water, and any other utilities for the store.

Once you have an idea of the costs, ensure you have the capital to meet those costs. You can use your own money, borrow from a financial institution, or look for an investor from other people or companies.

𝐅𝐢𝐧𝐝 𝐭𝐡𝐞 𝐑𝐢𝐠𝐡𝐭 𝐌𝐚𝐥𝐥 𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧
The location of your store in the mall is very crucial. It will affect how many customers see and visit your store. When choosing a spot, consider the following:

𝐅𝐨𝐨𝐭 𝐓𝐫𝐚𝐟𝐟𝐢𝐜: Find a good location at the mall where many people pass by. This will assist you in getting more customers.

𝐒𝐭𝐨𝐫𝐞 𝐒𝐢𝐳𝐞: Select a store size that you can afford and that will accommodate your products. You don’t want too much space or too little space.

𝐏𝐚𝐫𝐤𝐢𝐧𝐠: Check that there is enough space for your customers’ cars if they intend to visit your business location.

𝐓𝐚𝐫𝐠𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: The location of the mall is very important in this case, ensure that you select a mall that has the right demographic of people that will be interested in your products.

𝐒𝐢𝐠𝐧 𝐭𝐡𝐞 𝐋𝐞𝐚𝐬𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭
Once you have found a mall that fits your needs, you will need to sign a lease agreement with the mall. This agreement is a contract between you and the mall management. It will outline things like:

*The rental amount
*The length of time you will rent the space (this usually is 1 to 5 years)
*Rules and regulations of the mall
*When and how it is possible to modify the store space
*Maintenance and repair responsibilities

It is important that you read all that is written in the contract before you sign it. If you are unclear as to what any of the terms mean then it may be wise to consult a solicitor or business consultant.

𝐒𝐞𝐭 𝐔𝐩 𝐘𝐨𝐮𝐫 𝐒𝐭𝐨𝐫𝐞
After signing the lease, it is now time to start your store. This includes:

𝐑𝐞𝐧𝐨𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐒𝐩𝐚𝐜𝐞: You may also have to repaint the walls, fix shelves, and generally make the store look attractive.

𝐁𝐮𝐲𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬: Buy the products that you wish to sell. Make sure they are high quality and fit the needs of your customers.

𝐇𝐢𝐫𝐢𝐧𝐠 𝐒𝐭𝐚𝐟𝐟: If you are going to have employees, start recruiting them. Look for people who are friendly and willing to help. Provide training so that they know how to serve customers.

𝐏𝐫𝐨𝐦𝐨𝐭𝐞 𝐘𝐨𝐮𝐫 𝐒𝐭𝐨𝐫𝐞
When your store is ready, it’s time that people get to know about it. Here are some ways you can promote your store:

𝐒𝐨𝐜𝐢𝐚𝐥 𝐌𝐞𝐝𝐢𝐚: Share the news about your store on Facebook, Instagram, and Twitter. You can share photos, promotions, and news.

𝐆𝐫𝐚𝐧𝐝 𝐎𝐩𝐞𝐧𝐢𝐧𝐠: Have a big grand opening to attract customers. You can give out some free samples, or have a fun promotion to get people in.

The more information people receive about your store, the more customers you will attract.

𝐎𝐩𝐞𝐧 𝐘𝐨𝐮𝐫 𝐒𝐭𝐨𝐫𝐞 𝐚𝐧𝐝 𝐒𝐭𝐚𝐫𝐭 𝐒𝐞𝐥𝐥𝐢𝐧𝐠
Ensure that your employees are ready to serve customers and provide excellent customer service. A happy customer will definitely come back and also recommend other people to come to your store.

Ultimately, opening a store in a mall is a good business opportunity provided that the right planning is done, the right location is chosen and the right promotion is made.

21/11/2024

𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐂𝐲𝐫𝐢𝐥 𝐑𝐚𝐦𝐚𝐩𝐡𝐨𝐬𝐚 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐞𝐬 𝐑𝟓𝟎𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨 𝐔𝐩𝐠𝐫𝐚𝐝𝐞 𝐒𝐩𝐚𝐳𝐚 𝐒𝐡𝐨𝐩𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐯𝐢𝐝𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐮𝐩𝐩𝐨𝐫𝐭

𝗥𝟱𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼 𝘂𝗽𝗴𝗿𝗮𝗱𝗲 𝘀𝗽𝗮𝘇𝗮 𝘀𝗵𝗼𝗽𝘀

Cyril Ramaphosa allocates R500 million to upgrade spaza shops. Sipho Mthembu, president of 𝑻𝒐𝒈𝒆𝒕𝒉𝒆𝒓 𝒊𝒏 𝑫𝒆𝒇𝒆𝒏𝒄𝒆 𝒐𝒇 𝒕𝒉𝒆 𝑻𝒐𝒘𝒏𝒔𝒉𝒊𝒑, has applauded President Cyril Ramaphosa’s recent announcement of the R500 million to upgrade spaza shops fund. This initiative is part of the government’s response to food-borne illness outbreaks linked to certain spaza shops and street vendors.

In his address to the nation on Friday evening, Ramaphosa outlined plans to tighten regulations within the spaza shop sector. As part of these efforts, all spaza shops in South Africa must re-register within 21 days, with non-compliant outlets facing closure.

Mthembu described the R500 million fund to upgrade spaza shops as a positive step, albeit insufficient to tackle the deep-rooted challenges of the township economy. “We welcome the President’s announcement of the funds, although it’s not enough to fully address the issues. The registration process must be transparent and fair to ensure compliance,” Mthembu said. However, he also criticized the government for not addressing illegal foreign-owned spaza shops. “The President missed an opportunity to deal with the problem of illegal foreign ownership in the sector,” he added.

𝗖𝗮𝗹𝗹𝘀 𝗳𝗼𝗿 𝗦𝘁𝗿𝗶𝗰𝘁𝗲𝗿 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗙𝗼𝗿𝗲𝗶𝗴𝗻-𝗢𝘄𝗻𝗲𝗱 𝗦𝗽𝗮𝘇𝗮 𝗦𝗵𝗼𝗽𝘀
The Public Servants Association’s president, John Teffo, echoed similar concerns. Teffo argued for stricter regulations on foreign nationals operating spaza shops in South Africa, suggesting that such businesses should prioritize local ownership.

“Government should mandate that foreign nationals can only own a minority stake, with South Africans holding at least 60% ownership,” Teffo stated. He highlighted the disparity between South Africa and other African countries, where locals dominate the small business sector. “In countries like Zimbabwe and Malawi, you won’t find South Africans owning small shops. Here, however, we have 100% foreign-owned spaza shops flourishing at the expense of locals.”

Teffo further argued that the R500 million to upgrade spaza shops presents a missed opportunity to address this imbalance. “While the fund is a step forward, we need systemic reforms that ensure spaza shops genuinely uplift South African communities,” he added.

𝗥𝟱𝟬𝟬 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼 𝗨𝗽𝗴𝗿𝗮𝗱𝗲 𝗦𝗽𝗮𝘇𝗮 𝗦𝗵𝗼𝗽𝘀 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗮 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗧𝗼𝘄𝗻𝘀𝗵𝗶𝗽 𝗘𝗰𝗼𝗻𝗼𝗺𝘆
The introduction of the R500 million fund to upgrade spaza shops is an attempt to revitalize the township economy and restore public confidence in local food outlets. However, critics argue that addressing deeper systemic issues, such as foreign ownership and compliance enforcement, is essential for long-term success.

As the 21-day re-registration deadline looms, the government faces the challenge of implementing reforms that balance inclusivity, fairness, and economic revitalization. For many, the R500 million to upgrade spaza shops signals progress, but much remains to be done to ensure these businesses serve as true engines of local economic growth.

20/11/2024

𝐇𝐨𝐰 𝐭𝐨 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐘𝐨𝐮𝐫 𝐒𝐩𝐚𝐳𝐚 𝐒𝐡𝐨𝐩: 𝐒𝐭𝐞𝐩-𝐛𝐲-𝐒𝐭𝐞𝐩 𝐆𝐮𝐢𝐝𝐞

𝗛𝗼𝘄 𝘁𝗼 𝗦𝘁𝗮𝗿𝘁 𝗮𝗻𝗱 𝗦𝘂𝘀𝘁𝗮𝗶𝗻 𝗮 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗦𝗽𝗮𝘇𝗮 𝗦𝗵𝗼𝗽 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀
To start and register your spaza shop is a smart way to enter the world of entrepreneurship while contributing to your community. These township businesses play a crucial role in local economies, offering convenience and essential goods. However, launching and running a spaza shop requires thoughtful planning, compliance with regulations, and sound business strategies. This guide will take you through the process of setting up your spaza shop and navigating the associated legalities.

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝗦𝗽𝗮𝘇𝗮 𝗦𝗵𝗼𝗽𝘀?
Spaza shops are small, informal retail stores primarily located in residential areas of South African townships. They typically sell food essentials, snacks, beverages, and household necessities. According to the Business Act (1991), spaza shops must not exceed 30㎡ in size and are not permitted to sell restricted items such as alcohol without the appropriate licenses.

Spaza shops contribute significantly to the informal economy, which accounts for 5.2% of South Africa’s GDP. Despite growing competition from large retailers, these businesses thrive in busy locations with high-demand items, forming an integral part of township communities.

𝗞𝗲𝘆 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗟𝗮𝘂𝗻𝗰𝗵𝗶𝗻𝗴 𝗮 𝗦𝗽𝗮𝘇𝗮 𝗦𝗵𝗼𝗽

𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀
*𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Choose a highly visible and accessible area with considerable foot traffic.
*𝗦𝘁𝗼𝗰𝗸: Focus on high-demand products such as food essentials, data vouchers, and household goods.
*𝗦𝗲𝘁𝘂𝗽 𝗖𝗼𝘀𝘁𝘀: Budget for shelving, refrigeration, stock, and possibly a vehicle. Tech tools like a Point-of-Sale (POS) system and a card payment device are essential for modern spaza shops.

𝗟𝗶𝗰𝗲𝗻𝘀𝗲𝘀 𝗮𝗻𝗱 𝗣𝗲𝗿𝗺𝗶𝘁𝘀
1. 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗟𝗶𝗰𝗲𝗻𝘀𝗲: Required for selling food or perishable goods.
2. 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗣𝗲𝗿𝗺𝗶𝘁: Ensures your business complies with municipal regulations.
3. 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲 𝗼𝗳 𝗔𝗰𝗰𝗲𝗽𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Mandatory under the Health Act (1977) for food safety compliance.
4. 𝗭𝗼𝗻𝗶𝗻𝗴 𝗣𝗲𝗿𝗺𝗶𝘁𝘀: Verify that your chosen location permits retail activity.

To apply for these, contact your local municipality.

𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀
Running a spaza shop has its hurdles, such as:

*Limited access to bulk purchasing, resulting in reduced profit margins.
*Competition from larger retailers offering lower prices.
*Difficulty securing startup funding or collateral.

Programs like the 𝗧𝗼𝘄𝗻𝘀𝗵𝗶𝗽 𝗮𝗻𝗱 𝗥𝘂𝗿𝗮𝗹 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀𝗵𝗶𝗽 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗲 (𝗧𝗥𝗘𝗣) or the 𝗦𝗽𝗮𝘇𝗮 𝗦𝗵𝗼𝗽 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗦𝗰𝗵𝗲𝗺𝗲, which offers up to R7,000 in assistance, can provide much-needed financial relief.

𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗮 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗦𝗽𝗮𝘇𝗮 𝗦𝗵𝗼𝗽

𝗛𝗲𝗮𝗹𝘁𝗵 𝗮𝗻𝗱 𝗦𝗮𝗳𝗲𝘁𝘆 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲
Adhering to hygiene standards ensures public safety and protects your business from legal troubles. Obtain a 𝘾𝙚𝙧𝙩𝙞𝙛𝙞𝙘𝙖𝙩𝙚 𝙤𝙛 𝘼𝙘𝙘𝙚𝙥𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 to legally handle food.

𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲
Providing excellent service and high-quality products can help retain customers. Modern tech tools such as inventory management software can streamline operations and enhance efficiency.

𝗠𝘂𝘀𝗶𝗰 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴
If you play music in your shop, secure licenses from SAMRO and SAMPRA to avoid copyright infringements.

𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀
A well-managed spaza shop can grow beyond its humble beginnings. Explore partnerships, bulk-buying opportunities, or even franchising to expand your reach. By maintaining compliance, understanding your market, and leveraging support schemes, your shop can thrive as a cornerstone of the community.

𝗙𝗶𝗻𝗮𝗹 𝗧𝗵𝗼𝘂𝗴𝗵𝘁𝘀
Opening a spaza shop is more than just a business venture; it’s a way to uplift township economies and foster community development. By following the right steps and obtaining the necessary permits, you can build a sustainable and profitable spaza shop. For more guidance, consult your local municipality and take advantage of the available support schemes.

19/11/2024

𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐓𝐨𝐨𝐥𝐬 𝐟𝐨𝐫 𝐄𝐯𝐞𝐫𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫

Mastering your business’s finances is a critical part of running any successful enterprise. A sure way to do this is by cultivating healthy financial management habits and working on these on a daily, monthly and quarterly basis, advises Precious Mvulane, GAD Consulting Services’ managing director and author of The Essential Finance Handbook, a guide that helps business owners to manage their business’s financial performance. Entrepreneurs can use financial management tools to help manage these tasks.

The benefits of adopting good financial management habits are numerous, not only does it enable you to manage your cash flow, but it also empowers business owners to set financial goals. For most new businesses, good financial management can help with securing funding.

According to Mvulane, this is because most funders want to see that a business owner can make the most of resources (including funding) and this requires strong administration and financial skills.

Mvulane said in a previous interview: “Entrepreneurs forget that business success is measured by the financial success of the business not by the passion. Passion will help you wake up in the morning and sleep well at night because you are doing what you love. But it will not pay the bills.”

Although managing finances continues to be intimidating for many entrepreneurs, it is possible to master if you use the right financial management tools and implement key financial practices.

Here’s Mvulane guide to proper financial management for SMEs.

𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗧𝗼𝗼𝗹𝘀 𝗘𝘃𝗲𝗿𝘆 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿 𝗦𝗵𝗼𝘂𝗹𝗱 𝗕𝗲 𝗨𝘀𝗶𝗻𝗴
1. 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲 for basic accounting tasks such as invoicing, expense tracking, client/vendor contact management, automation of billing and recurring payments.
2. 𝗔 𝗽𝗮𝘆𝗿𝗼𝗹𝗹 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝘁𝗼𝗼𝗹 tool for the administration of an employee’s financial records like salaries, wages, bonuses, deductions, and net pay.
3. 𝗔𝗻 𝗶𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝘁𝗼𝗼𝗹 to generate sales reports, set up automatic low inventory alerts, and manage order packing and shipping.

𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀 𝗘𝘃𝗲𝗿𝘆 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿 𝗦𝗵𝗼𝘂𝗹𝗱 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁
In addition to using the right tools, an important aspect of financial management is implementing proper financial practices and processes. This includes:

𝟭. 𝗥𝗲𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝗘𝘃𝗲𝗿𝘆 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻
*Record daily how much you earn and spend.
*Keep receipts for everything you spend money on a daily basis. Make sure you take pictures of them or photocopy them because the slips generally fade.
*Submit source documents to the accountant weekly or /and back up records using the online system.

𝟮. 𝗖𝗼𝗺𝗽𝗶𝗹𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀
*Summarise daily transactions into weekly reports.
*Compare and check monthly reports generated by your accountant against your own totals to ensure they are entered correctly, do it by the seventh of the month.
*Read monthly financial reports to understand what they mean and if you don’t understand anything set meetings with the accountant to explain.

𝟯. 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗮𝗹𝗹𝘆 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗻𝗴 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳
Education is a vital financial management tool, but it doesn’t necessarily mean formal education. Read finance books or articles daily. This will help to up your financial knowledge and skills.