The best way to fatten your bank balance as a small-business owner is to increase your profit margins. Some of the steps that can help you improve your bottom line may seem scary — but they shouldn’t be.
5 Surefire Ways to Increase Your Profit Margins Read More »
Business owners across the world marvel and quiver simultaneously at the mere speed at which technology is changing the face of how we do business…so as business owners: “Do we fear or embrace the pivotal role technology will play in our futures?”
Why your business needs the cloud Read More »
We all have some relationship to money, and it is usually instilled upon us from childhood. There was always more than enough or we never had any money. There was always a budget in our house or we spent money when there was any available.
How To Manage By The Numbers Read More »
Most business owners have a lack of financial understanding in their businesses and so leave their financial future to chance.
Some business owners have a fear of numbers. Some are overwhelmed. Most feel intimidated or embarrassed to admit that they don’t know what they’re looking for when they review financial documents.
Shaping Your Financial Future Read More »
Everyone owning a business weighs up the scales of risk and reward on a daily basis. The only way to be successful is to ensure that you take calculated risks. Unfortunately from time to time, unforeseen circumstances do happen and could place your business and inherently y our own future at stake.
3 Easy Steps To Ensure The Survival Of Your Business Read More »
Cash flow is one of the major concerns that keeps small business owners awake at night, according to the 2010 SME survey, which included 2000 South African entrepreneurs.
Indeed, few would argue that having a good cash flow is the very lifeblood needed to keep a business going; and that without it, it won’t be long before the enterprise withers and dies.
Keep The Cash Flowing Read More »
Discover the benefits and pitfalls of turnover tax in South Africa. Learn how to navigate the system, avoid common mistakes, and ensure compliance with SARS.
Avoiding the Pitfalls of Turnover Tax: A Comprehensive Guide for South African SMEs Read More »
Think of cash as the fuel that runs your business. Lacking cash can leave you stranded on the side of the road while the competition zooms by. A business, like a car, won’t go anywhere without fuel. The last thing you want is to be walking for miles with a fuel can in your hand.
How To Better Manage Your Cash Read More »
Okay, let’s be real. Most business owners don’t create budgets.
This is understandable. It is also insane.
They may have ideas about the future. They may have numbers scrawled on napkins or whiteboards and a general intuitive sense about where they are headed financially, but they haven’t understood the essential reasons, relevance, and the utter simplicity of spending some time with their numbers in a budget process.
