Africa-Press – Eswatini. Discipline in financial record-keeping is the key to sustainable growth for small businesses.
These were the sentiments of the FNB Sales Manager during the ongoing FNB SME Seminar at the Eswatini International Trade Fair (EITF), held at Mavuso Trade Centre. Addressing a packed audience of entrepreneurs, the Sales Manager stressed the importance of recording all income, no matter how small, as a fundamental business practice.
“Record all income, even the tiniest amounts. Try to do this every day and make sure you record all slips,” he urged, noting that many small businesses collapse because owners underestimate the impact of minor cash inflows and outflows.
He explained that consistency in financial tracking not only helps SMEs manage their cash flow but also strengthens their credibility with financial institutions when seeking loans or partnerships. “Banks want to see clear records before they can trust your growth story. Recording income daily shows seriousness and accountability,” he said.
The seminar formed part of FNB’s broader initiative to empower local entrepreneurs with tools and knowledge to formalize and scale their businesses. Attendees were also encouraged to leverage digital solutions such as speed points and mobile banking for smoother transactions and accurate record-keeping.
Several SMEs who attended expressed appreciation for the practical advice. One participant shared that the reminder to track “every cent” would help them identify profit leaks and improve decision-making in their small shop.
With Eswatini pushing entrepreneurship as a driver for economic development, such guidance from the banking sector is seen as crucial in preparing local businesses for competitiveness in the regional market.
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