Why most small businesses in Africa fail (part 1)

June 30, 2020
Why most small businesses in Africa fail (part 1)

Most micro, small and medium enterprises in Africa fail because of the inability to efficiently manage their cashflow. This stems directly from the fact that a lot of small businesses in Africa do not keep business records.

This directly affects your business in two major ways, the first one is that you can only know your business's financial health through recorded data and so if you do not record your business data it is going to be almost impossible to know.

Business data includes information on sales, expenses, and debt if these are recorded and properly tracked then analysis can be conducted and insights from that analysis of your recorded data can tell you how well or badly your business is doing. JidiTrust helps in ensuring that you record all your business transactions in one easy-to-use application.