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Running your business with your head in the clouds?

a colour photo of a business person sitting and taking it easy

Running your business with your head in the clouds has two vastly different meanings. You’re either running around absentmindedly, using impractical systems or (our preferred option) your head’s in the clouds when it comes to your company’s financial management. In which case, you’ve already adopted cloud-based accounting.

Has your accountant left you in the lurch?

a colour photo of someone collecting funds

Fraud: the f-bomb you never want to hear connected to your accountant. But sadly, it happens. You’ve been with your accountant for years. You’ve built a relationship and he (or, indeed, she) knows your business and your dreams for success. He’s been there to celebrate the profits and refocus when there were losses. But the […]

Are you using your business as a vehicle to create personal wealth?

The most common way to accumulate wealth is by making good money choices and recognising bad ones quickly, setting financial goals, being financially disciplined, and managing your finances well. Importantly, you need to develop habits that ensure you’re able to accumulate assets and generate more money, year after year. Being an entrepreneur often means that […]

Budgeting for a healthy cash flow

Are you running your business by the seat of your pants and hoping you’ll find the money at the end of the month to pay the bills? If so, it’s likely you’ll end up with uncontrollable debt and financial pressure that could sink you. Do any of these apply to you? You’ve got no plan […]

Is your business prepared for inflation?

South African consumers and businesses can expect wide-reaching price increases during 2022 as global factors and local forces come into play. The question is, how do business owners prepare for inflation? Already implemented is a massive fuel hike (1 March) that, among other things, increases the cost of raw materials and freight. With ongoing Russia’s […]

Do your employees understand their annual bonus?

The difference between a thirteenth cheque and a performance bonus is clear but many employees aren’t aware that there’s a difference. A thirteenth cheque is an additional monthly salary or 8.33% of the employee’s annual salary that’s usually paid in December. A performance bonus is based on an employee’s performance and is subject to the […]

Authentic relationships result in happier customers

Every business in the world sells something. They sell goods or services in order to address a need or desire of a consumer, and to achieve a profit in the process (at the very least only to ensure its sustainability).  Before the introduction of many modern technologies (the internet specifically), focussing solely on quality goods or services in order to make profit was the common thing to do. Business owners could often […]

Why investing in youth is good for your business

It was Nelson Mandela that famously said, “The youth of today are the leaders of tomorrow”. And although some years have passed since his death, his words still echo true. How we treat our youth (legally defined in South Africa as people between the ages of 15-35) will have a lasting impact on the growth of our country and even local businesses.  Staggeringly, […]

5 Tips for making the most of your opportunities to scale

2020 was an immensely difficult year. Because of the economic downturn in the country, it left a lot of businesses with insurmountable odds to make things work and so, many businesses have had to shut up shop. While this has been unfortunate for many business owners, it does present those who have been able to […]

10 tips for excellent cash flow management

Are you sitting down? Let us share a frightening statistic with you. In a report published by FinFind in November 2020, it was found that 42.7% of small businesses in South Africa were forced to shut down during the first 5 full months of the lockdown.  The research data was comprised in a survey of 1489 businesses across all main sectors of the economy, and so must […]

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