Business costs: 4 ways to save
How do you increase profits (or your bottom line)? There are two options – increase sales or cut the business costs and save. 1. Know your options Service providers and suppliers often offer discounts if certain requirements are met. Make sure you know what the options are. These may or may not be feasible for […]
3 Business Tips From My Son
My son (lets call him Bob) at the time of writing is about 10 months old and has taught me various lessons in life. He has already taught some lessons about business too. Here are just 3 business tips that my son has taught me about business: Number one: Focus. If he wants to get […]
3 Reasons you don’t have business records?
What are Business Records? No, not the musical kind that spin around and create great music. Have you got records of your business, or personal, activities? Insert your answer here . Here are te top 3 reasons why people don’t have business records: 1. […]
A 2 step guide to guaranteed increase in profit
Profit, what is it? In order to understand how you can guarantee to increase your profit, you need to know what profit is. For the purposes of this article there will be no tax implications, so profit is the “amount left over” after you have taken all the income and taken the expenses from it. […]
Cash flow drought? It can make you stronger…
No one can expect clear skies every day. This is especially true in business. There are going to be periods where cash flow is tighter than normal, and it may even dry up to a mere trickle. With the right preparation and measures though you can weather the cash flow drought and you can come out the other side stronger than ever.
Private and Confidential
All private and confidential as a standard. The term “private and confidential” is of the upmost importance when it comes to financial matters and especially personal finance or money, With any financial information, being personal or company, people are generally skeptical about handing their information over. This is especially true now with all the scams […]
Facing a VAT Audit?
VAT Audit: what is it? A VAT audit is not something that a company wants but is a reality. There is nothing to be scared about really, provided that you have everything accurate, complete and ready to be handed in. For most companies, this is the case. If you are under the guidance of an […]
Do You Speak Financial?
The language of financials Over the years, I have come across loads business owners who run their business and that’s where it ends. They rarely (if ever) glance at their financial statements. Also called financials or reports – it has many names that all mean the same. You know what they are – those things […]
Working times and the BCEA
The Basic Conditions of Employment Act (BCEA) provides a basic guideline on BCEA regulations relating to: Working times: including shift work, weekend work, public holidays, overtime Payment: including payment in kind, deductions Leave: annual leave, sick leave, maternity leave, family responsibility leave, unpaid leave and absence without leave Deductions: including those required by law and […]
Company (entity) structures used in SA
There are a lot of questions that can be asked when someone advises you to “open a company”. It is a great piece advice but depends on various factors. This depends what kind of entity you want to run and why. Sole Proprietor Characteristics Most common and the most simple Owned and operated by a […]