You Need a True Accounting Partnership, Not Just Compliance
Why Your Business Needs a True Accounting Partnership, Not Just Compliance Running a business is complex, and managing your financials shouldn’t be a daunting, frustrating chore. Yet many entrepreneurs often see their accountant as just a once-a-year necessity, only contacted when deadlines loom. If that sounds familiar, it’s time for a mindset shift. In this […]
5 Cash Flows Problems AND how to solve them
Cash flow problems? What is that? Cash flow is the number one problem in any business but it impacts smaller (newer) businesses more. Every business will encounter a cash flow problem at one time or another. Fortunately, most cash flow problems can be prevented with a bit of preparation and the right strategy. Here is […]
Four reasons why you’re not using a budget
You have all heard how important budgets are. But if you have never used a budget, why start now? Here are four reasons why companies do not have budgets or, if they have them, do not use them effectively. 1. They are incorrect or out of date Budgets are much like goals or dreams. They […]
Return on Investment: A Practical Guide for Your Business
In today’s fast-paced business world, understanding the concept of return on investment (ROI) is crucial for every entrepreneur. Whether you’re investing in advertising, purchasing new equipment, or expanding your services, knowing how to evaluate the success of these investments can significantly impact your bottom line. In this post, we will delve into the fundamentals of […]
Clarity – Setting Up Systems That are Useful
Your books are up to date. Your accountant sends monthly reports. You have financial statements sitting in your inbox. You seldom open them because when you open them, you feel nothing but confusion. Maybe mild panic. Definitely not clarity. You’re not alone. This is the reality for most business owners. The problem isn’t that your […]
Why purpose-driven businesses outperform profit-focused competitors
Let me tell you about two business owners I’ve worked with. The first came to me making decent revenue. R80k per month. Profitable on paper. But completely miserable. Working 60-hour weeks. Resenting clients. Questioning why she even started the business. The second was making less – maybe R50k monthly. But lit up when talking about […]
The Purpose-Clarity-Performance Method: Approach your Business Differently
The Purpose-Clarity-Performance Method: A New Approach to Business Finances In the last post, we talked about why traditional accounting doesn’t help your business grow. Compliance keeps you legal but understanding drives growth. Today I introduce you to the framework I use with every client who’s serious about building a sustainable business: the Purpose-Clarity-Performance method. Three […]
Why Your Accountant Isn’t Helping Your Business Growth (And What You Actually Need)
You pay your accountant every month. Your books are done. Tax returns filed on time. Monthly accounts arrive in your inbox. You glance at them. Maybe check the bottom line. Hope everything’s okay. Then you get back to actually running your business. Sound familiar? Here’s the truth: your accountant is doing exactly what you hired […]
Cash Flow: 7 No-Brainers for Improving It
Cash flow The lack of cash in a business is not an external issue, but an internal one. If you want to change this problem, you have to be serious about your business financial health and make the tough decisions. Once this one decision is made – you will never look back or regret making the […]
Do I need to pay tax on assets, donations or inheritance money?
Inheritance can be a complex topic, especially when it comes to understanding the legal and tax implications. This article outlines the key terms and tax considerations relevant to South African taxpayers when dealing with a deceased estate. Key Terms of an Inheritance Deceased Person: The individual (taxpayer) who has passed away. Estate: All assets owned […]