Empowering Women, Empowering Your Business
It’s no secret that companies are increasingly recognising the importance of diversity and inclusion. But did you know that empowering women in the workplace can significantly boost loyalty, happiness, and overall productivity? Let’s dive into why this is the case and explore practical steps your company can take to reap these benefits. Women: The Cornerstone […]
SMEs: The Unsung Heroes of South Africa’s Economic Growth
South Africa’s economy, like a mighty lion, needs a strong heart to roar back to life. And that heart beats in the small and medium enterprises (SMEs) that form the backbone of our nation’s business landscape. It’s easy to focus on the big players, the corporate giants that dominate headlines. But it’s the countless SMEs, […]
Cash Flow Crunch? Bizcash Term Loans Help SMEs Seize Opportunities
Every small and medium-sized enterprise (SME) owner knows the frustration of a fantastic business opportunity presenting itself at the exact moment your cash flow takes a dip. Traditional bank loans can feel like a slow and cumbersome option, potentially causing you to miss out on that perfect chance to expand your reach or invest in […]
Mastering the Art of the Sale: 5 Powerful Sales Techniques for Small Businesses
In the competitive South African business landscape, every sale counts. For small businesses, making a lasting impression and converting leads into loyal customers is crucial for growth and success. But with limited resources and countless competitors, navigating the world of sales can be daunting. Fear not, entrepreneurs! This article equips you with 5 powerful sales […]
Traits that Separate Entrepreneurial Stars from also-Rans
The world of entrepreneurship is a dazzling stage, filled with ambitious go-getters chasing audacious dreams. But beneath the flashy headlines and inspirational quotes lies a stark reality: not all ventures flourish. So, what sets apart the soaring eagles from the grounded sparrows? Let’s dissect the DNA of successful entrepreneurs and uncover the traits that propel […]
Tax Tango: Avoidance vs. Evasion – Don’t Get Caught in the Wrong Step!
Tax season – the time for filing, folding, and…frenzied footwork? Not if you understand the crucial difference between tax avoidance and tax evasion, SME dance partners you definitely don’t want to confuse. Let’s break it down: Tax Avoidance: Think of this as the legal mambo. You’re using smart strategies within the law to minimize your […]
Tax Time Treats: Business Incentives for South African SMEs
Running a small or medium-sized enterprise (SME) in South Africa? Buckle up, tax season is upon us! But before you brace for the paperwork blues, did you know the South African government offers a sweet selection of tax incentives specially designed for businesses like yours? That’s right, it’s like finding hidden treasure in your tax […]
Financial Innovation: A Key Driver for Business Growth and Prosperity
As businesses strive for growth and success, exploring new financial avenues becomes increasingly important. In this article, we’ll discuss the significance of financial innovation in the context of helping businesses thrive. The Essence of Financial Innovation: Financial innovation encompasses the creation and implementation of new financial products, services, and technologies that alter the way businesses […]
Parallels Between Triathlons, Training Discipline, and Running a Small Business
In the world of triathlons and small to medium-sized businesses (SMBs), success often hinges on discipline, commitment, and a well-structured approach. At first glance, these two realms may appear vastly different, but a closer look reveals striking similarities. Goal Setting Both triathletes and SMB owners understand the importance of setting clear, achievable goals. Athletes set […]
Challenges Faced by SMEs in South Africa: Navigating Business Loan Interest Rates
Small and Medium-sized Enterprises (SMEs) are the lifeblood of the South African economy, driving growth, creating jobs, and fostering innovation. However, these enterprises often encounter significant challenges when seeking business loans, particularly concerning interest rates. In this article, we will explore the issues facing South African SMEs regarding these on business loans. 1. High-Interest Rates: […]
The Rising Interest Rates and Strain on South African Businesses
The recent surge in interest rates has brought about significant challenges for businesses in South Africa. As the cost of borrowing increases, companies grapple with the pressure to adapt to higher financing expenses. This rise in interest rates has introduced a new dimension of complexity to the economic landscape. It is testing the resilience of […]
The Vital Role of SMEs in South Africa’s Economy
Small and Medium-sized Enterprises (SMEs) play a crucial and indispensable role in driving economic growth and development in South Africa. These enterprises, often referred to as the backbone of the economy, contribute significantly to job creation, innovation, and overall prosperity. In this article, we will delve into how SMEs in South Africa are a boon […]
Gain a Head Start in Your Business by Embracing New Technology
In the fast-paced and ever-evolving business landscape, the adoption of new technology has become a pivotal factor for staying ahead of the competition. From streamlining processes to enhancing customer experiences, integrating cutting-edge technology can empower businesses to achieve unparalleled success. In this article, we delve into the benefits of leveraging new technology to gain a […]
Harnessing AI for Effective Financial Management and Optimised Cashflow in Your Business
In today’s technologically advanced world, businesses increasingly use artificial intelligence to streamline operations and improve efficiency. One area where AI can significantly impact is financial management and cash flow optimisation. This article explores how your business can leverage AI to manage finances and effectively ensure a healthy cash flow. Artificial intelligence-powered Financial Forecasting AI can […]
Exploring the Range of Funding Options for Small and Medium-Sized Businesses from Bizcash
In today’s dynamic business landscape, access to flexible and reliable funding is crucial for the growth and success of SMEs. Bizcash, a leading financial institution, offers a diverse range of funding options to cater to the specific needs of SMEs. Let’s delve into their various funding solutions. These include solar finance, business overdraft facility, selective […]
How to keep your business profitable during public holidays
Public holidays can present a challenge to any business. On the one hand, you want to respect the time off that your employees deserve. On the other hand, you don’t want to miss out on potential sales opportunities. Keeping your business profitable during public holidays requires some planning and strategy. Here are some tips to […]
There are benefits to taking out a business loan
If you own a small or medium-sized operation, taking out a business loan can be an excellent way to grow and expand your company. While taking on debt may seem daunting, the opportunities that come with it can help you achieve your long-term goals. Here are some of the top opportunities you can work with […]
Cash flow issues? Here are some tips on how to get your business back on track
The most critical failure in a business that sinks small companies is cash flow. For example, paying Vat before your invoices from clients are paid is just one element of running a business. In South Africa, significant issues can affect your business cash flow. Managing your supply and payments before you have been paid for […]
The rise and rise of the FinTech industry
In South Africa, the high unemployment rate and increase of SMMEs allowed FinTech companies to thrive. For the longest time, the large banks underserve the SMME businesses. It opened up a large population sector for alternative funders to enter the finance market for SMMEs. The emergence of FinTech Financial technology applies technology (like smartphones, websites, […]
The benefits of having business insurance in South Africa
When you run any business, you have risks. Business insurance is a critical part of your monthly business investments. There is a variety of business insurance that you can take out to protect yourself and your business from tragic outcomes. Personal body injury coverage If your business or operations causes any injury to another person, […]
What does it mean to be South African in today’s business space?
As we head into Heritage Day week, we need to look into the details of what it means to be South African in today’s business climate. Being a proud Zaffer takes on so many traits, and we are renowned worldwide as being resilient, hard-working, and determined. It means we can face adversity right in the […]
Supporting SME’s to sustain the SA economy
At the start of the pandemic, the first SME businesses to start to collapse were the mom and pop stores. The businesses that supported a single household or family. Next on the list were the slightly larger companies, restaurants, salons, and service-based businesses. You only need to walk through a mall today to see the […]
Are you considering buying a franchise?
Before you dive headfirst into buying a franchise, there are some key elements you need to consider. Do a sense check for compatibility. If you are not a night owl, buying into a restaurant that serves dinner will not suit you. Make sure that the business you enter into can fit your lifestyle. Study the […]
Lining up your family for your business succession plan
Not every family member wants to stay in the family business. Planning your business succession plan is critical to know if it will happen as expected. There can be options to sell the business if your family would instead not take it over. It is estimated that 70% of family-run businesses do not survive the […]
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 […]
Save costs on non-essentials in your business
Looking where to save on costs is hard. We all know there are nice to have’s in your business. The frills and luxuries that make it all worthwhile. We are all recovering from lockdown and the pandemic impact on our businesses. Now there is a need to evaluate where we are spending our cash. Here […]
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 […]
Improve your Customer Service with better insights into your own business
Understanding your business and improving customer service is what you need to focus on every day. As an entrepreneur or SME, spending money on financial systems is often not an option. Bizcash helps their customers understand their financial standing better than ever before. Partnering with Bizcash for a business loan or Selective Invoicing product, gives you access […]
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 […]
