For Kevo to revive his business, he's should consider the following; .Current financial situation .Set goals and priorities .Growth and strategy .Allocate the budget .monitor and udjust the plan The current situation for Kevo,s Electronics accessories business .Operating Income 30k,earned from the business sales of earphones, screen protectors, phone covers, for that particular period of time. The expenses made that period of time,is 25,200 ksh,which the differences made that time is 4800 ksh...which stand as his profit earned from the business. ..For kevo to boost his business, from the loan amount of 20k. He should, investment more in the items/accessories in demand following the previous sales,like; KEVO ELECTRONICS ACCESSORIES PURCHASE REQUISITION ACTUAL BUDGET
.Earphones qt 374 4580/= 20k .Screen protectors qt 2500. 8750/= 20k .Phone covers qt 670. 3000/= 20k OBLIGATIONS .The remaining 3070ksh from the budgeted loan,should be saved for the first repayment of the jinue loan acquired of 20k.