EXERCISE 4KEEPING RECORDS

Objective

By the end of the exercise, participants will be able to record daily income and expenditure of their business and use the income and expenditure records to determine how their business performs.

Description

1. Put the participants into their mastermind groups.

2. Guide participants to mention some of the expenses and sales they make daily in their business.

3. Guide the participants to develop a template that they will use to record the daily sales and expenditure that they mentioned as seen below.

4. Ask participants to compare the daily balance on the record with the money in their drawer. They should add up.