As a market trader, you may handle hundreds of transactions daily — but how often do you track your spending and earnings? Tracking your expenses can make the difference between just surviving and actually growing your business.

1. Keep a Simple Daily Record

Use a notebook or mobile app to record:

• Items purchased (stock)

• Daily sales

• Transportation & miscellaneous costs

Even ₵2 worth of sachet water for your assistant counts.

2. Separate Business and Personal Spending

Never mix your personal expenses (e.g., food, school fees) with business cash. Create two boxes or wallets — one for business, one for personal.

3. Calculate Your Daily Profit

Every evening, subtract total costs from your sales. This gives you a clearer picture of what you actually earned, not just what passed through your hands.

4. Review Weekly and Monthly Totals

Set aside time every Sunday or month-end to analyze:

• Which items are most profitable

• Where you’re overspending

• Whether your stock turnover is healthy

5. Use This Data for Loan Planning

When applying for a loan, having good records shows lenders you’re serious and capable. It can also help you determine how much to borrow — and what you can repay.

Conclusion
Good records don’t require expensive tools — just discipline. Start small, stay consistent, and watch your profits grow.

💡 Download our printable daily record sheet