If you look forward to a festive bumper season, you should get your business cash flow as liquid as you can now.

Retail and online businesses start the holiday season with discounts on old stock to fill their shelves with new stock for the holiday season.

Historically, Black Friday is a day that follows Thanksgiving and allows businesses to move old stock at ridiculously discounted prices. This cashflow injection and flash sales is an excellent opportunity for consumers to stock up on goods and electronics they have been eyeing and even get stocking fillers for Christmas.

From a company perspective, cash flow can be an issue when you need to order in stock months ahead of the holiday period. A flash Black Friday Sale may not be enough time to get the cash in and only place orders.

The challenges

Although we engage in Black Friday specials in South Africa, the history of the reasons for Black Friday is slightly lost. Consumers think it is a general discount day and ask service-based companies for discounts.

Loadshedding is the next challenge that SA companies will face. In-person and not just online shopping will cause issues. Longer queues, slower internet services, and even closed stores,  can be a result of loadshedding.

Consumer debt and a lack of available funds may also affect retail sales. The last two years of Covid-19, layoffs and, of course, the increase in fuel, electricity, and general cost of living could reduce consumer spending.

The festive season is traditionally suitable for retail stores, and funding to manage cash flow is a welcome reprieve.

The Bizcash solution

Bizcash has a variety of business funding options that are available for businesses that fulfill the pre-requirements.

If you need business funding to pre-load your retail holiday period, get in touch with the team. Get prepared for the most significant sales period.

Contact 0861 93 93 93 or email us at info@bizcashscf.co.za or contact us here. For more business tips, follow our social media pages.

Key Dates for 2022

Thanksgiving 24 Nov

Black Friday, 25 Nov

Day of Reconciliation 16 Dec

Christmas Eve, 24 Dec

Christmas Day, 25 Dec

Boxing Day 26 Dec