Malawi - Startup under 3 years old

Décrivez votre projet en quelques mots

We provide expert, personalized accounting, Tax services and Entrepreneurship development skills to MSMEs targeting women, Young inspiring entrepreneurs by helping them achieve their financial goals and succeed in a rapidly changing economic landscape.

01.01 Décrivez votre startup en détail

We provide expert advice and support to MSMEs on financial matters, including: Accounting Services: - Financial statement preparation (balance sheets, income statements, etc.) - Bookkeeping and accounting system setup - Auditing and financial analysis - Budgeting and forecasting - Credit proposals to acquire loans Tax Services: - Tax return preparation (individual, corporate, partnership, etc.) - Tax planning and strategy - Tax audit and dispute resolution - Sales tax and VAT compliance Consultancy Services: - Business setup and legal structuring - Financial management and advisory - Policy Development - Entrepreneurship development skills to women and young inspiring entrepreneurs -Business plan development and projections We offer all Green businesses 30% discount when supporting their development services to encourage aspiring entrepreneurs to engage themselves in Green businesses to help preserve our environment.

01.02 Quel est le problème principal que vous essayez de résoudre ?

MSMES are contributing greatly to the National Development of the country by helping in reduction of poverty, boosting the country’s economy and support decent job creation. But most MSME owners don’t know how to run and sustain the businesses due to lack of skills, this made me to provide a solution through my services which helps business owners on how to run a successful Business. According to Fincop Survey 2019 it shows that only 11% of MSME’s in Malawi has access to Finances hence my business also helps these MSME’s on how they can acquire finances. Here are some of the problems we are addressing in our consultancy : Financial Mismanagement Inaccurate financial records, leading to poor decision-making. Less knowledge on business environment Which result into Late or incorrect tax filings, less or no proper legal documents of the business resulting in fines and interest. Inability to access funds lack of knowledge on the requirements of accessing loans e.g business plan

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

Comp accounting and tax consultancy typically solves the following main problems for MSMEs and other inspiring entrepreneurs Financial Clarity Provides accurate and timely financial information to make informed decisions. Tax and Regulation Compliance Ensures accurate and timely filing of tax returns, avoiding penalties and interest. Compliance and Regulatory Ensures compliance with financial regulations, such as GAAP, IFRS, and tax laws. Business Growth Provides guidance on financial management, strategy, and funding to support business growth. These services aim to help and support MSMEs to manage their financial affairs efficiently, understand their respective business environment, minimize tax liabilities, and maximize profits.

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

We focuses on the following group: Women My organization helps a lot of women who are inspired to start their own business by helping them in formulation of Business plans and submit to financial institutions to be able to access funding. We provide 30% discount to women which are doing Green businesses to be able to sustain the environment Youth Due to high rate of unemployment in Malawi a lot of youth are just staying, I also do Pro bono Entrepreneurship development services. Through my lecturing days I have taught more than 500 youth who are able to develop business plan Already existing businesses (Micro,Small, Medium Entreprises) Access to Finance – I help prepare well-articulated business plan for MSMES to the financial institutions enabling them to boost their businesses Business environment – I help business owners to understand their respective business environment in order for them to be running the businesses smoothly .

01.05 Quand votre entreprise a-t-elle été créée ?

01/02/2023

01.06 Vendez-vous déjà votre produit/service ?

Oui

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

5

01.08 Parmi les autres propriétaires, combien sont des femmes ?

0

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

Most of my competitors have the following attributes Skills - Most of them are book keepers and their main focus is on Accounting especially on Tax returns Experience - Most of them have vast experience because they have been practicing for long Gender- So far the other owners within my business are all male Target - They also target MSMEs around the area Location - They usually operate within Mzuzu city and a few go beyond to other districts inb the north. Physcial address - Most of the owners do not have physical offices they are more of walk in accountants. Technology advancement - Most of the small accountants do not have experience or technical know how on the advancement of the technology , for example Malawi revenue authority recently intriduced Msonkho online

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

Facebook Comprehensive Accounting and Tax Consultancy

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Services financiers

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

7 - tout à fait d'accord

02.01.02 Justification de la contribution de ma startup

na

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

5

02.02.02 Justification de la contribution de ma startup

na

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

6

02.03.02 Justification de la contribution de ma startup

MSMES are contributing greatly to the National Development of the country by helping in reduction of poverty, boosting the country’s economy and support decent job creation. Hence my start up helps the MSMEs in the following: Innovative and creactivity - We encourage our cleints to be innovative and creative inorder for their product to stand out in the market hence gaining a competitive advantage. Business growth Access to funding - Helping them acquire loans from financial institutions Because of the above as a firm we are able to provide services to our clients which enables them to manage successful businesses and also create jobs for others to promote their well being or to provide their basic needs like education, healthy and food.

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

3

02.04.02 Justification de la contribution de ma startup

N/A

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

5

02.05.02 Justification de la contribution de ma startup

Women and girls My organization helps a lot of women who are inspired to start their own business by helping them in formulation of Business plans and submit to financial institutions to be able to access funding. We provide 30% discount to women which are doing Green businesses to be able to sustain the environment. We encourage women to be innovative and creative in their businesses in order for them to be successful in businesses. Most women running small businesses have few knowledge on how to run a business due to a lot cultural practices which hinders them. Hence we have pro-bono services which are given to women cooperatives and individuals to make sure they participate actively in business.

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

3

02.06.02 Justification de la contribution de ma startup

N/A

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

3

02.07.02 Justification de la contribution de ma startup

N/A

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - tout à fait d'accord

02.08.02 Justification de la contribution de ma startup

Comprehensive accounting and tax consultancy promote decent work and economic growth in Malawi as follows; Job Creation: By hiring qualified professionals, the business owners also creates employment opportunities, contributing to decent work and economic growth. Small Business Support: By providing financial guidance and services, the firm helps small businesses and entrepreneurs grow, creating jobs and stimulating local economies. Community Development: By participating in local economic development initiatives, the firm contributes to the growth and prosperity of the community. Innovation and Digitalization: By adopting digital technologies and innovative practices, the firm enhances efficiency, productivity, and competitiveness, driving economic growth and development. Capacity Building: By training and developing staff, the firm builds capacity, enhancing the skills and expertise of the workforce, contributing to decent work and economic growth.

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

2

02.09.02 Justification de la contribution de ma startup

N/A

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

1 - pas du tout d'accord

02.10.02 Justification de la contribution de ma startup

N/A

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

3

02.11.02 Justification de la contribution de ma startup

N/A

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

2

02.12.02 Justification de la contribution de ma startup

N/A

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

4

02.13.02 Justification de la contribution de ma startup

N/A

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

2

02.14.02 Justification de la contribution de ma startup

N/A

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

3

02.15.02 Justification de la contribution de ma startup

N/A

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

4

02.16.02 Justification de la contribution de ma startup

N/A

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

3

02.17.02 Justification de la contribution de ma startup

N/A

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

4

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

5

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

4

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

6

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

4

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

5

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

5

06.08 Justification

NA

06.09 Analyse compétitive

Comprehensive Accounting and Tax Consultancy is the first Accounting and Tax Consultancy in the Northern part of Malawi which is led and managed by a women and our aim is to grow the whole Northern by encouraging women, inspiring entrepreneurs into becoming entrepreneurs focusing in Businesses. I offer training and skills development which most accounting and tax firms do not focus on, my aim is to groom these business owners into becoming better entrepreneurs by promoting creativity and Innovation in their businesses. I am a hardworking, self-starter and future oriented Lady who is competent, equipped with skills and Technical know-how hence I deliver my services without compromising the quality. If I am given the Green project I will be offering all Green businesses 30% discount of my services when supporting their development services and also encourage aspiring entrepreneurs to engage themselves in Green businesses to help preserve our environment.

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

Comprehensive accounting and tax consultancy initiate the following within the community to promote the role of female entrepreneurs as below: Mentorship Programs: Offer mentorship programs, pairing female entrepreneurs with experienced professionals, providing guidance and support. Workshops and Seminars: Host workshops and seminars on financial literacy, tax planning, and business growth, targeting female entrepreneurs. Community Partnerships: Collaborate with local organizations, supporting female entrepreneurship, such as women's business associations and networking groups. Pro Bono Services: Provide pro bono accounting and tax services to female-led startups or non-profit organizations supporting women's economic empowerment. Advocacy: Advocate for policies and initiatives supporting female entrepreneurship, such as access to funding.