How Dillali Helps Food Businesses in Nigeria Stay Afloat

The food and beverage industry in Nigeria is growing at a rapid rate, with consumers becoming more aware of the quality and safety of their food. In addition, increasing urbanization and improved infrastructure are creating new opportunities for businesses in this sector.

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However,  this sector also faces challenges due to the following factors: 

• Limited access to capital.
• Relatively high labor costs compared to other African countries.
• Limited skills among Nigerian employees. 
• Poor government focus on supporting entrepreneurship and small businesses in Nigeria overall (especially when compared to neighboring countries) 
• The low-cost manufacturing base that exists within Nigeria limits competition between domestic companies.

However, regardless of these hurdles business owners who run a food business have to show up every day and put in the work, they already have 99 problems and record-keeping should not be 1. This is why we have features on Dillali that help these businesses drive their finances and ensure they stay afloat since we all know money keeps the business around for a long period of time.

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Dillali is helping food businesses reach their goal of building generational wealth, which is why in this article I would walk you through features on Dillali available to you as a food business owner. 

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First, let’s look at the overall goal of money management. This goal can be achieved when proper records are kept thus informing your cash flow projection at estimated periods. The need to have an organized business record as well as finances cannot be overemphasized.

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Here are 4 tips highlighted for Money Management in your Business:

• Ensure your business is profitable
• Take advantage of tax-saving strategies
• Stay on top of your finances
• Keep proper records of your business finances

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Again, when you run a food business and need to meet up multiple orders, it's easier not to spend so much time counting money manually or writing paid orders on paper. It is so much easier when you “record a sale” on Dillali. 

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It is very important to have a daily sales record; this would help you to see how your business is performing over time and if any changes need to be made to improve things further. This can be updated daily under the “Income” section of the App.

Another feature you can leverage when you run a food business is the “Debt Reminder’’. It's tedious to run around chasing debtors. This feature makes it easy to recover your debts 3x faster and preserve your relationship with certain customers because it avoids physical or heated conversations.

We have a community of business owners in the food industry leveraging Dillali. Join them. 

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Let's take your business to the next level together.

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