Most of them are not familiar or experienced in managing the various aspects of a business, including financial matters, regulations and business plans. Also linked to this is the constraint on access to finance to carry out routine business activities and for investment purposes (Hurst & Pugsley, 2011). If businesses were to succumb to the above challenges, they would inevitably fail. The challenges facing small and medium-sized businesses can be overcome by observing some best management practices. An important business aspect includes keeping track of the money or returns made by the company. As companies grow, managers need to monitor their own accounts instead of worrying so much about the day-to-day operations of the business. Financial problems can be solved by seeking investors with the same goals and vision as the companies. However, the management of these funds by small and medium-sized business owners will continue to be crucial