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 […]
Business plans are normally the first thing that you do when starting a business. Your business plan marks the point at which an idea gets turned into reality. You map out what your business will entail, how it will operate, […]
We are told that to be prudent with our capital means transforming our liquid assets into longer-term forms of capital. This may include using an asset management company to invest your money into stocks in other companies. When you start […]
As a small business owner, getting a handle on your business’s financials doesn’t mean you have to be an accountant. However, you do need to know what the numbers mean and where they come from. Understanding your business financials is […]