Tag Archives: business

HOW TO PRACTISE GOOD BUSINESS

The Gupta saga and ethical indiscretions at Steinhoff, McKinsey and KPMG have most recently shone the spotlight on unethical business practises in South Africa. This is not a uniquely South African problem, the world is plagued by scandals of corruption … Continue reading

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END OF FINANCIAL YEAR GOALS FOR BUSINESS OWNERS

Provisional Tax Deadline: 28 February The second provisional tax deadline for submission and payment is due on 28 February. Make sure that your final tax planning for the financial year has been done and that your cash flow is in … Continue reading

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7 PITFALLS TO AVOID WHEN SETTING UP A CASH FLOW FORECAST

Sometimes small businesses think proper financial management is better left for the Fat Cats and industry giants. No matter the size or age of your business, cash flow forecasting and budgeting is key to its success. Here are seven don’ts for setting up your business … Continue reading

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KEEP YOUR BUSINESS GROWING

Having a successful business means ensuring that it continues to grow. Without growth, your business will eventually run dry and stagnant. But with the added responsibility of maintaining your business and keeping things running smoothly, it can be difficult to … Continue reading

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ACCOUNTING: BEST PRACTICES FOR SMALL BUSINESSES

When it comes to looking after the welfare of a business, accounting tops the list as being the most important. Without proper accounting, a business runs the risk of losing everything. The following are a few best practices that are … Continue reading

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WHAT IS EMPLOYEE ENGAGEMENT?

What makes one company or firm more successful than another? Better products, services, strategies, technologies or, perhaps, a better cost structure? Certainly, all of these contribute to superior performance, but all of them can be copied over time. The one … Continue reading

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SO, YOU WANT TO START A BUSINESS? FIRST CONSIDER THE FOLLOWING FACTORS

Often people say wistfully “I wish I had my own business”. Some of them take it further and decide what kind of product or service they will offer. A last few go as far as putting pen to paper to … Continue reading

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BUDGETS: ARE THEY WORTH THE EFFORT?

A lot of small businesses are managed by the owner, especially in the early years of a business’s existence. As the owner is intimately involved in the day to day operations of the business, it is easy to keep control … Continue reading

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DO YOU USE A MONTHLY FINANCIAL CHECKLIST? IF NOT, YOU MIGHT MISS SOMETHING IMPORTANT

The primary purpose of business is to generate positive cash flow and make a profit, both of which are determined by two factors: money coming into the business and money going out of the business. As long as the money … Continue reading

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HOW TO DETERMINE THE SELLING PRICE WHEN BUYING OR SELLING A SMALL BUSINESS

It is difficult to determine the selling price of a small business as such a valuation is very subjective. If you are buying a small business, you want to pay as little as possible, and if you are the seller, … Continue reading

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