Everyone in business regardless whether it is a micro, small or medium business must keep records. Accurate record keeping is essential to the success of a business. It allows you to manage stock and raw materials, calculate and monitor profit…
Last week we discussed about the importance of proper loan management. We saw that if newly acquired fund is properly managed, chances to achieve intended goals and business growth are high. We emphasized on ensuring that acquired fund is used…
Negotiation can be defined as a process involving two or more people of either equal or unequal power meeting to discuss shared and/or opposed interests in relation to a particular area of mutual concern. Negotiating a loan commitment and agreement…
According to a national survey of micro, small and medium enterprises (MSMEs) of December 2012, there are more than three million small businesses in Tanzania. Some of the most significant challenges citied by MSMEs include insufficient working capital and insufficient…
