The challenges women face in business
More women are entering the workplace but still face challenges they need to overcome. As they climb the management ladder, the workplace environment continues to throw barriers in their way. These are the five significant barriers that women still face in the business environment today: Limited Funding Not every business is lucky enough to get […]
The role unconscious bias plays in employment practices
Unconscious bias affects every decision we make in life, whether we like it or not. We need to be far more aware of our employment process and policies to negate unconscious bias in our employment practices in the workplace. As much as we want to be as objective as possible when making important decisions, we […]
How diverse teams strengthen your business
It’s women’s month! The spotlight is on how being inclusive with diverse teams in the workplace makes your team stronger. As we move into the future, traditional biases are dissolving. We need to focus on accessibility and acceptance of skills, strengths and opinions, regardless of gender or race. Diversity in the workplace has many advantages. […]
8 Questions to ask before you buy a business
So you think you have found a gem, but before you buy a business slow down. It may seem perfect from the outside, but these are essential questions to ask before you sign. Have you done a deep analysis of the financial records? As a potential buyer, you need to see at least the last […]
5 Benefits of Buying into a Franchise Business
When you decide to start a business, a franchise or not, it is not a decision you make lightly. We constantly hear of companies failing in the first two years. Buying into a franchise can mitigate some of those risks that are typically associated with a new business. Here are some of the benefits you […]
Disadvantages of buying into a franchise business
It may seem like a great opportunity to buy into a franchise business, but you also need to be aware of the pitfalls. Getting into a formal agreement with your franchisor can be a precarious process. Formal contracts The formal agreement can be pretty hectic. Make sure you do not rush this process. You need […]
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 […]
How to build your company into an Asset of Value
The aim of building a business is to ensure that it grows with you. When you are ready to exit the company, you can sell your business or hand it over to your family. This is never realised for many businesses. Most companies close down with no sale at the end of a good lifespan. […]
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 […]
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 […]
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 […]
Focus on your customer to grow your business
As a business owner, your role in the company is not to be so hands-on that you do not take time to have conversations with your customers. When times are going well, you should have regular contact with your customers to ensure the relationship remains stable and your mutual objectives remain aligned. When times are […]
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 […]
How monitoring future trends keeps your business alive
Many industries have found themselves on the wrong side of trends history. Take the analog camera and film industry. Kodak was the leader in their field for many a decade. They did not anticipate the impact of the digital camera market on their business. The digital camera industry did not expect the camera on everyone’s […]
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 […]
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 […]
8 Easy Ways to Secure Your Business Cash Flow
On Day Zero, Cape Town’s taps will be turned off and Mother City residents will begin queuing for their H20 at 200 collection sites across the city. It’s a nightmare scenario, something you see happening in a dystopic disaster movie set in the year 2148. The truth is, businesses everywhere are engaged in a constant […]
How Bizcash is helping one of SA’s leading coal traders take his business to the next level.
“Bizcash offer a fantastic service, it’s fast, convenient and far more advanced than any other finance facility I know of. They have helped our business enormously.” Jonathan Erskine has been trading commodities for more than 25 years. In Hong Kong, China, and the UK, he has traded everything from clothing to computers, cellphones to scrap […]
Understanding Cash Flow To Ensure Your Business’s Financial Health
Cash flow is the lifeblood of your business. Primarily, it comes from customers or clients buying your products or services, but can also come from loans, investor capital, or interest accrued on savings and investments. But cash isn’t just there to make your bank account look more respectable; it’s a crucial component in the growth […]
The 5 Most Common Causes of Business Cash Flow Problems
Cash is like water. Just like your body needs water every day to survive, your business needs cash to stay afloat. Most business owners are good at selling their services or pushing product, but are less effective at controlling their cashflow. Your business might be profitable on paper, but if the cash isn’t flowing in […]
