Toolkit on how to Start and Improve your Business

Business Management

In the information seeking chapter on "Business management" we have seen the necessary steps for labour organisation, qualified personnel and having the necessary skills in the areas of marketing, costing your products and services, financial/business planning and record keeping.

Now under this implementation step you are required to:

• Identify, engage and train qualified personnel;

• Organise work procedures;

• Organise marketing activities;

• Install an accounting system;

• Install a stock management system for raw materials and finished products:

In organising your accounting system, you may not need a sophisticated computerised system that you cannot afford or make use of. A simple accounting system can be used to meet your needs. The simplest accounting system called 'open invoice system' (Hailay Gebretinsae 2003) that requires only a cashbook and four boxes or files would serve the purpose.
 

  Do you have proper cashbook? Example:

For more details about

• records of maintenance services,

• sales on credit,

• raw material inventory, and

• how to evaluate sales

refer to the follow-up chapter on "Accounting and data management".

Business plan  I  Cost calculation  I  Financing  I  Administration  I  Marketing
Supply and Infrastructure  I  Product development  I  Business management