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Africa Informal BusinessMost kiosk and roadside vendors in Uganda still track sales in an exercise book, if they track them at all. AskBiz turns…
Between MTN Mobile Money, Airtel Money, and cash, a Ugandan market trader can lose track of who actually paid within a s…
Ugandan market and kiosk vendors negotiate on almost every sale, but many do not actually know their cost price well eno…
Giving goods "on credit" is common practice in Ugandan markets and kiosks, but tracking it on scraps of paper means debt…
When the rains hit Kampala, roadside vendors can lose half a day's customers to flooded paths and sheltering commuters. …
New this month
6 newYour accountant says the business made £42,000 profit last year. Your bank account has £3,200 in it. Both numbers are co…
A retailer with 52% gross margin thinks they're profitable. They hire two extra staff, take on a new shop, and increase …
Most small business owners check their bank balance and call it financial management. The bank balance tells you where y…
Most small business owners plan for one scenario: the one they hope happens. Scenario planning forces you to build three…
A B2B business with £120,000 in outstanding invoices — 40% over 30 days late — has given its customers a £48,000 interes…
Gross margin is your survival metric — the percentage of revenue left after the direct cost of what you sell. A retailer…
Recent articles
848 totalManual daily cash reconciliation is costing small retailers $2,000-$5,000 per month in shrinkage. AskBiz POS automatical…
Restaurant cash is trapped in payment processing delays. Lunch revenue ($2,400 in card sales) sits in Stripe pending set…
Technicians at repair shops spend 30% of labor on sourcing parts instead of repairs. They order duplicates of parts alre…
Restaurants lose 3-5% of food cost to shrinkage (spoilage, waste, theft, portion control). Weekly physical audits catch …
Manual timekeeping + payroll spreadsheets = math errors every pay period. One employee clocked in 2 hours early. Another…
Your P&L is a guess. Sales and expenses aren't recorded until invoices arrive (sometimes weeks later). Accruals are ente…
eCommerce sellers on multiple channels (Shopify, Amazon, eBay) often oversell. Customer orders SKU-123 on Shopify while …
Restaurant profit is the difference between sales and costs. But many costs are invisible: food waste, spoilage, overpor…