The arrival of robo-advisors on the financial services scene in South Africa is expected to have a significant impact on how South Africans invest their money and plan for their retirement. We can book accommodation, get a taxi, have food delivered and watch movies – all conveniently from behind a tablet or smartphone. Now […]
Currently an entrepreneur who needs to sell goods and services needs to contend with bank obstacles such as traditional card machine fees that are prohibitive for smaller businesses and the banking institutions emphasis on trading history and steady transaction revenues to assess risk. Entrepreneurs have to wait weeks to get a card terminal from a […]
If there is an eternal ghost that haunts each and every entrepreneur, it is the haunted spirit of CASHFLOW. No entrepreneur is protected against it. It sneaks up on you and can give you the fright of your life, literally. This is what takes businesses down. I caution you of this, so you know that […]
Entrepreneurs who don’t understand basic accounting concepts are setting themselves up for unnecessary stress and failure, says Peter Frampton of Color Accounting International; but, he adds, the good news is that everyone can learn the basic skills they need. “Business owners often tell us they’re slightly intimidated when meeting their accountants,” says Frampton. “They end […]
Retailers moving into the online space for the first time face risks that don’t exist in the bricks-and-mortar world, says Brendon Williamson, general manager of business development at payment services provider PayGate – and they need to ensure they are well protected. Merchants selling virtual goods like airtime or vouchers are the most vulnerable, he […]
Finance Minister Pravin Gordhan delivered no surprises in his Budget Speech on 26 February, favouring consistency and steadiness over change and fireworks ahead of the national election on 7 May. His Budget Speech once again put job creation, infrastructure development, social spending and education right on top of the nation’s list of priorities. Taxpayers will […]
The concept of Crowdfunding is receiving increased popularity of late and is proving to be a practical, viable, DIY option for more and more entrepreneurs. So… What exactly is crowdfunding? Crowdfunding is the process of gathering small amounts of funds via individuals and is usually accomplished via an online platform. It follows the broader concept […]
Three quarters of South African respondents believe flexible working is a critical measure to achieving higher productivity (76%), according to a new research survey. This result confirms that in any economic climate, but particularly in times of high market volatility, businesses continue to review their strategies in order to achieve greater efficiency and productivity. Experts […]
I truly believe you should count yourself lucky if you find yourself in those larger than life shoes of the entrepreneur, but the entrepreneurial journey is not designed for just anyone. The journey in most cases started with a dissatisfaction of not getting your way in the corporate you worked for. Maybe an anal boss […]
UCT Head of Accounting says businesses can no longer rely entirely on financial managers and accountants for financial information – everyone in the organisation needs to have a basic grasp of finance if they want to be successful. In the face of shifting business paradigms and organisational complexities, financial literacy could mean the difference between […]