Productivity Tips for Small Business Owners
Battling with Productivity? Running a small business is not for the faint-hearted. It runs very differently to a large corporate. It has different needs and limited resources. Here are some productivity tips you can use in your SME to improve your operations and increase your productivity. 1. Prioritise your most important tasks of the day/week […]
Setting up your business for a future sale
When you first set up a business, it may be out of necessity, or just a lifelong dream. The thought of what to do later on down the line is not a consideration at that point. For most small or family operation, the prospect of selling is usually only considered when you are about to […]
The Importance of appointing a productive board of directors
As an SME, do you think you need a board of directors in your business? No? Maybe keep reading. Shareholders and a board of directors are not mutually exclusive for large companies and corporations. As an SME, you will reach a point where you need to focus on growing the business or the company’s day-to-day […]
Re-evaluating your evergreen contracts for your business
We seldom re-evaluate the evergreen contracts we enter into as a business. You should do a sanity check on your business expenses every year. What are evergreen contracts? These are the agreements you make with companies and suppliers for goods and services that auto-renew unless one or the other party gives notice, these often auto-renew […]
Business intelligence and the Impact on your future
We are living in an evolving world of an overload of business intelligence data. Businesses need to find the opportunities to turn them into actionable insights. You need to see the opportunities in today’s fast paced business and competitive environment. You can turn your big data into meaningful information if you know what to look […]
Using dashboards to help you manage your business better
The aim of using a Business Intelligence (BI) dashboard is to help you make better business decisions. You can gather, consolidate and analyse your business data. When you see the data in a visually simple way, you simplify the analysis. When you use a dashboard for your analyses, it is easy to identify a trend […]
The Importance of Financial Management in business
Now that the stress of Financial Year End should be over, you can take stock of what you can do differently in 2021 to make the financial management of your business better. If you want your business to grow and to mature into an asset, you need to ensure you have finances and cash available […]
Bizcash, helping you better prepare for financial year-end
For the accounting calendar’s busiest month, the dreaded reports for the financial year-end are upon us once again. Since 2020 was such a dismal year, many companies have some serious accounting to do. There are some easy fixes when it comes to improving your company reporting: Reduce your dependence on Excel. Of course, it will […]
How business partnerships can benefit your business
2021 is the year to set up your business for success. It is also the year or collaborations and partnerships. There are some strategic factors of your business you can review to optimise your business. There are three main parts to your business: Key strategic elements The inner core of the business includes all the […]
Can a Covid-19 vaccine save your business?
There are so many unanswered questions surrounding the Covid-19 vaccine. For the industries battling to open, restaurants, alcohol, and tourism can benefit vastly from the vaccine. The question on everyone’s lips right now is who gets to be in line for the vaccine first. If you can get it, should you? Who is in front […]
Finding various ways to fund your SME
Understanding business finance options can be confusing. There are two main parts to financing small businesses. Equity Financing or Debt Financing There are some common ways you can fund your business: Personal Investment, Angel Investors, Government Assistance, Commercial Bank Loans, Financial Bootstrapping, or Buyouts. Venture Capital and Angel Investors seem to be a romantic solution […]
The Importance of forward planning
For so many SME’s, forward planning is not a priority. As many of the companies are owner-run, time is in short supply. The scheduling of forward planning sessions is essential to scope the projections for the next quarter. You need to know what will get you there. The Covid-19 pandemic caught many businesses off-guard. A […]
How can invoice discounting help your business cash flow?
For most growing businesses, there comes a time when your cash flow is under strain. Invoice Discounting can be your saving grace. It is often not an option to get into debt by using a traditional overdraft facility or a credit card to cover the shortfalls. Sometimes, the company credit card is already maxed, and […]
When times are tough, the tough buckle down
Many small companies struggle with the debate about when to double down and work harder to achieve growth and success and when to let go. Before the Covid-19 pandemic hit, many companies were already teetering on the edge of collapse, and all it took was one or two months with no income to fold the […]
Bizcash’s agility helps its customers in tough times with reduced fees
In an environment where companies are increasing prices to save their businesses and cover the shortfall that the Covid-19 pandemic had on their operations and cash flow, Bizcash was hard at work to ensure that their clients could be reducing costs. It is not very often that you find business finance companies reducing rates and […]
Bizcash acquires portion of property backed SME loan book doubling their business
Negotiations to purchase a portion of the property backed SME loan book were entered into during April this year which culminated in Alternative Finance Solutions (Pty) Ltd (“AFS”) trading as Bizcash closing the transaction with Transaction Capital Business Solutions (Pty) Ltd (“TCBS”) on the 14 August 2020. AFS trading as Bizcash, which launched in 2018 […]
