Funding Your Small Business: Explore Your Options
Running a small or medium-sized enterprise (SME) comes with its unique set of challenges, and access to finance is often a top concern. Fortunately, there are various funding options available to help you grow and thrive. Let’s explore some of the most common alternatives. Understanding Your Funding Needs Before diving into the options, it’s crucial […]
How to Bounce Back from IT Outages
Last week’s global IT outage served as a stark reminder: even the most robust tech can falter. For businesses like yours,this downtime can translate into lost productivity, frustrated customers, and a potential dent in your bottom line. But fear not! By proactively preparing for IT disruptions, you can ensure your business remains operational even when […]
Weathering the Storm: Protecting Your Business from Disasters and Cash Flow Crises
The Western Cape has borne the brunt of severe storms, leaving a trail of destruction in their wake. As South African businesses grapple with the aftermath, it’s a stark reminder of the unpredictable nature of our environment and the potential for disaster to strike at any moment. While the immediate focus is on recovery and […]
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 […]
Top 5 Trends Facing SME Businesses in South Africa in 2023
In the dynamic landscape of South African business, Small and Medium-sized Enterprises (SMEs) are continually faced with new challenges and opportunities. As we enter 2023, these five trends are shaping the path for SMEs in South Africa, and embracing them can be the key to growth and success. 1. Digital Transformation: In the digital age, […]
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 […]
Alternative Financing Options to Safeguard Your Business
Cash flow is the lifeblood of any business. Maintaining a healthy cash flow is crucial for sustained operations and growth. However, unforeseen circumstances and economic fluctuations can sometimes lead to cash flow challenges. In such situations, it’s vital for businesses to explore alternative financing options to protect themselves and overcome cash flow issues. At Bizcash, […]
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 […]
Bizcash Solar Finance: Powering Your Business Through Loadshedding
Loadshedding, the deliberate and temporary interruption of power supply to manage electricity demand during peak hours, has become a daily reality for many businesses in South Africa. This disruptive practice affects productivity and leads to revenue losses and customer dissatisfaction. Fortunately, there are ways to mitigate the impact of load shedding on your business, and […]
The benefits of business loans for your company
Running a business is not easy, and cash flow is always top of mind. For your business to grow, your company should consider business loans as an option to expand your business. Here are some of the reasons why lending money for your business is a good thing: You can borrow more significant sums of […]
Hiring a diverse team can change inspire innovation
Diversity in the workplace is not a checkbox exercise. It is not something that the law should force on companies. Instead, correct diverse hires can offer up so much more, given a chance. A diverse team will enable a company to solve problems from a team that thinks differently. The Harvard Business Review reported, companies […]
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 […]
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 […]
The importance of a budget in your business
A business budget is the foundation of every business’s success. It helps with planning and control, allows you to focus on cash flow, reducing your costs, improving profits, and increasing your ROI. Many entrepreneurs start their business with an idea, and before they know what has hit them, they are a few months down the […]
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 […]
Why is an audit important
An audit and auditor’s report is a third-party document. It is a reflection that the company’s financial statements are compliant with the law and free from material misstatements. Banks, creditors, and regulators can require an audit of your company’s financial statements. If you are looking for finance, loans, surety, or selling your business. Types of […]
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 […]
Capitalising on future trends for your business
The way we do business and how we speak to our customers is changing forever. There is no end in sight for social gatherings, so holding customer events and even meetings in the office is something we all need to adapt to. There are some new ways of working that can improve our businesses. Here […]
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 […]
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 […]
The Importance of separating your personal and business finances
Keeping your personal and business expenses and finances separate when starting a business is essential to how your company operates and how it is perceived by the corporate world when you are looking to finance or sell your business. Keeping your assets shielded from any business claims is imperative; otherwise, you may lose everything if […]
Beat the Bank: Avoid the Obstacles of Traditional Business Loans
It’s not easy being a small business right now. Nearly a decade since the 2008 financial earthquake, GDP growth has petered out and the South African economy has moved into another recession. In an environment fraught with economic and socio-political uncertainty, banks are again tightening up their lending practices – with the result that small […]
Business Loan Options for the Modern Era
One of the most startling recent developments in the world of international finance has been the rise of Alternative Finance. Worldwide, banks are being left in the dust as a new breed of agile lenders with flexible, bespoke solutions, digital, fully automated platforms, and far lower barriers to entry bring finance to businesses formerly excluded from […]
