Ever wondered which accounting software truly delivers for African businesses? As the co-founder of ProfitBooks, I’ve spent the past decade interacting with thousands of African business owners, understanding their unique financial management challenges, and helping them streamline their operations. While I don’t personally run a business in Africa, these conversations have given me valuable insights…
If you own a business, your gains are subject to taxes by the government. Business owners often lose a big part of their gains to income taxes. Therefore, business owners need to understand how to identify tax deductions relevant to their field of work. Higher tax deductions for small businesses also equate to a faster…
Having a good plan for your business is very beneficial, not only gives you clarity but also helps for other reasons like getting investors. A solid plan is very crucial for all businesses making a business plan, is not an enjoyable process. In this blog, we will help you to create business plans as well…
Have you ever been in that awkward situation where a client wants to know exactly what they’ll pay, but you’re not quite ready to send an official invoice? I’ve been there more times than I can count. Proforma invoices saved my business relationships time and again. After running my small manufacturing business for over a…
In the end, everything comes down to your copy. To open a sales email, or not to; this is a common question that every person (including you and I) faces every single day. B2B buyers receive hundreds of emails regularly. They only open a small fraction of sales emails, read even fewer, and act on…
A common challenge for both small and large companies is how to handle inventory problems and solutions. The many processes involved in inventory management mean you need to keep a careful eye on your items. Knowing this is crucial for understanding inventory inefficiency. Otherwise, your products can easily get lost or damaged. This task…
Understanding what your expenses are is the first step in establishing a business that has a solid foundation. While its true that counting your expenses can be a lot less exciting than counting the profits of what your business provides, it still is an important part of how you can fully understand how the…
All businesses or organizations have two indispensable financial flows: Expenses and Revenue. Let’s have a quick understanding of the mentioned terms. In simple words, revenue refers to the money coming in, and expenses refer to the money going out. The money coming in (revenue) is responsible for meeting the requirements and helping to run the…
When buying online, customers usually need an extra incentive that makes them feel confident about their decision. Luckily, product videos are a great way to provide all the helpful information (and that little extra push) most people need for a purchase. But before you start adding a bunch of these videos to your marketing strategy,…
It takes a long time and a lot of effort to get to where you can finally start your business. But the hard work doesn’t stop once you begin running your firm. You will face a slew of other milestones and obstacles, accounting being one of them. Accounting is critical as you start your small…