The entrepreneur’s guide to accounting The health of your business’s accounting and financial systems plays a big part in your success. While it’s tempting to hire someone to take care of your finances for you, or to ignore them altogether […]
Most small businesses will have to deal with late-paying customers at some stage. According to our ‘Late Payments: The Domino Effect’ research, 52% of South African Small & Medium Businesses experience direct negative impacts from late payments, like: Struggling to […]
One of the greatest challenges businesses face when selling products and services – and making a profit – is managing their cash flow so that their expenditure isn’t higher than their profit. In fact, the Sage Foundation found that 36% […]
While you might not have the savings you wish you did to grow your business, one thing you probably do have in abundance, is money advice. It can be hard to know what to accept and what to ignore. Here […]
Funding conundrum: Why SMEs need options to succeed Did you know that as many as 75% of South African small businesses fail within the first year? A lack of funding, or poor financial management, is one of the biggest stumbling […]
Every January, many small businesses run into cash flow problems because they’re waiting on customer payments from the year before. Along with bad debt and unexpected expenses, late payments can negatively impact the sustainability and profitability of SMEs. And the […]
What did you want to be when you were growing up? A doctor? An astronaut? An entrepreneur? It’s unlikely that you chose the latter because starting a business is not often on a kid’s to-do list. Yet, with the global […]
When running a small business, some expenses are obvious – electricity, rent and wages, for instance. Calculating ad budgets, on the other hand, is a far more nebulous affair. Regardless of how you feel about advertising, it is important to […]
A cost-benefit analysis is a vital part of starting and running any project, giving you the information you need to frame objectives, calculate estimates of needed resources, and define objectives. In practice, it is the comparative assessment of benefits along […]