When Is The Best Time To Borrow Money For Your Business?

One of the biggest challenges facing small business borrowers (and lenders) is that too many business owners wait until the need for financing is critical before they start looking. Taking a more strategic approach, and seeking financing before the need becomes a crisis, could make the borrowing process less stressful and more successful. It’s sometimes

Top 7 Bookkeeping Mistakes Made By Small Businesses

From one-person entities to JSE-listed companies, no business can escape the dreaded task of bookkeeping. While it’s definitely not one of the more glamorous parts of the job, bookkeeping is at the heart of small business success, which means errors can be crippling. To avoid the financial headaches that come with bookkeeping mismanagement, it’s important

Free Market Research (Volume 3): Planning to Enter the Luxury Travel Industry? Here are some Interesting Facts…

Tourism in South Africa contributed 1.5 million jobs and R425.8 billion to the economy in 2018, making it the largest tourism economy in Africa, according to the World Travel and Tourism Council’s (WTTC) annual review of the economic impact and social importance of the sector released today. The 2018 research shows that the South Africa

Free Market Research (Volume 2): Planning To Enter The General Building Contractor Industry? Here Are Some Interesting Facts…

The South African Cement, Lime and Plastering Industry: The South African cement industry has an installed capacity of over 20 million tons per annum and employs some 16,000 people. A lack of large infrastructure projects and low business confidence has resulted in continued declines in demand for cement products. Industry stakeholders forecast that the current oversupply

Meet Generation Alpha – The Kidpreneurs: 10 Tips to Help these Entrepreneurs of the Future

We’ve all heard the stories of kids starting a business at a young age. It’s a tempting scenario: Your child develops a passion for something, turns it into a business, and before you know it, they’re supporting you in your not-so-old age. Generation Alpha are those born after 2011. In 2050, the eldest Alphas will

Cash Is King, Queen, Jack… In Fact, The Whole Deck of Cards

Turnover is Vanity. Profit is Sanity. But Cash is King. Most of us are familiar with the saying. Cash flow management is the key to success for many new and growing small businesses. Cash is the fuel that makes any new business work; hence, these businesses should be managed with a primary focus on cash/cash

Why Do Millennials Choose Entrepreneurship?

You already know who Millennials are: people born between 1982 and 2000. But who are Millennipreneurs? They may not be small business owners yet, but entrepreneurship plays a significant role in their lives. According to a survey of millennials by EY and Economic Innovation Group, 78% consider entrepreneurs successful, and 62% have considered starting their own

Decisions: The Arguments For And Against Business Plans

One of the hallmarks of a proper Business Plan prepared by a world-class Business Plan Company is being open to disconfirming information. Any reputable Business Plan Consultant will provide you with factual and informed recommendations on the hypotheses you made on your new business idea.   Now let us apply that principle to the decision

5 Common Pitfalls To Starting A New Small Business

There are several reasons why entrepreneurship is a popular choice. From being your personal boss to creating time for yourself to name a few. It’s no surprise that more and more people have selected to start their businesses. Although starting a small business is a new exciting step for every new business owner, it can

What Can Entrepreneurs Learn From Olympian Athletes?

Every four years, athletes from around the world gather to show off their physical skills and prowess. For many, the Olympics are the pinnacle of their careers. But what can business owners learn from Olympic athletes? The idea that you have to spend years and years without a certain payoff is true of both. During

Your First Year As A Business Owner: Expectations Versus Reality

After all the late nights and pressure-filled days, your business is finally up and running. Congratulations, you’ve made a leap that many South Africans aspire to. And while it may not all be smooth sailing from this point – recent research by Xero research has highlighted that one-third of small business owners find the first

Are Business Plans Still Relevant Today? A Factual Investigation Into This Question…

Entrepreneurs who are starting a new business often wonder, “Do I really need a business plan? Is writing a business plan really the best use of my time?” The answer to these questions is almost always, Yes! A business plan is an integral part of starting a new business. A business plan is a very