Financial Innovation: A Key Driver for Business Growth and Prosperity
As businesses strive for growth and success, exploring new financial avenues becomes increasingly important. In this article, we’ll discuss the significance of financial innovation in the context of helping businesses thrive. The Essence of Financial Innovation: Financial innovation encompasses the creation and implementation of new financial products, services, and technologies that alter the way businesses […]
Parallels Between Triathlons, Training Discipline, and Running a Small Business
In the world of triathlons and small to medium-sized businesses (SMBs), success often hinges on discipline, commitment, and a well-structured approach. At first glance, these two realms may appear vastly different, but a closer look reveals striking similarities. Goal Setting Both triathletes and SMB owners understand the importance of setting clear, achievable goals. Athletes set […]
Challenges Faced by SMEs in South Africa: Navigating Business Loan Interest Rates
Small and Medium-sized Enterprises (SMEs) are the lifeblood of the South African economy, driving growth, creating jobs, and fostering innovation. However, these enterprises often encounter significant challenges when seeking business loans, particularly concerning interest rates. In this article, we will explore the issues facing South African SMEs regarding these on business loans. 1. High-Interest Rates: […]
The Rising Interest Rates and Strain on South African Businesses
The recent surge in interest rates has brought about significant challenges for businesses in South Africa. As the cost of borrowing increases, companies grapple with the pressure to adapt to higher financing expenses. This rise in interest rates has introduced a new dimension of complexity to the economic landscape. It is testing the resilience of […]
The Vital Role of SMEs in South Africa’s Economy
Small and Medium-sized Enterprises (SMEs) play a crucial and indispensable role in driving economic growth and development in South Africa. These enterprises, often referred to as the backbone of the economy, contribute significantly to job creation, innovation, and overall prosperity. In this article, we will delve into how SMEs in South Africa are a boon […]
Alternative Financing Options to Safeguard Your Business
Cash flow is the lifeblood of any business. Maintaining a healthy cash flow is crucial for sustained operations and growth. However, unforeseen circumstances and economic fluctuations can sometimes lead to cash flow challenges. In such situations, it’s vital for businesses to explore alternative financing options to protect themselves and overcome cash flow issues. At Bizcash, […]
Exploring the Range of Funding Options for Small and Medium-Sized Businesses from Bizcash
In today’s dynamic business landscape, access to flexible and reliable funding is crucial for the growth and success of SMEs. Bizcash, a leading financial institution, offers a diverse range of funding options to cater to the specific needs of SMEs. Let’s delve into their various funding solutions. These include solar finance, business overdraft facility, selective […]
Bizcash wins Fintech of the Year
The Department of Small Business Development and its agencies, the Small Enterprise Development Agency (Seda) and the Small Enterprise Finance Agency (Sefa), hosted the Inaugural National Presidential SMME and Co-operatives Awards in Bryanston on 13 November in Johannesburg. The prestige event is to recognise and celebrate the best performing SMMEs, Cooperatives and Ecosystem Enablers. The host of […]
Another gold standard in helping SMEs thrive
In keeping with a holistic client facility and support services approach of Bizcash, the latest addition to the Bizcash value-added services stable is a Streamline Level Term Life Insurance product with King Price Insurance. Bizcash is collaborating with King Price Life Insurance Limited (King Price Life) and General Risk Administrators SA (“GRSA”) as a leads […]
Create a culture of open communication and the impact of whistleblowers on your business
Every company believes they have the best company culture. All bosses want to think that they have happy employees. But unless you create spaces for open communication, where there are no repercussions is vital in the workspace. When you mention the word whistleblowers in the context of business, most people get nervous. It is seen […]
How to diversify and grow your business to enter new markets
The ultimate aim of starting a business is to grow. Starting with a small business that one day is a large and profitable enterprise is the dream of all entrepreneurs. Getting to where you want to be can take many small steps, changes, and adjustments along the way. Here are four pointers on how you […]
The benefits of business loans for your company
Running a business is not easy, and cash flow is always top of mind. For your business to grow, your company should consider business loans as an option to expand your business. Here are some of the reasons why lending money for your business is a good thing: You can borrow more significant sums of […]
How your SME can help reduce Corporate Carbon Emissions
It is not how much you do that matters; instead, you contribute to reducing our collective carbon footprint every day. Many families have various initiatives at home that can assist in reversing the pollution of the planet, but it is the corporate companies that contribute the most. Here are some ways your business can help […]
Supporting your teams’ mental health in the workplace
Nobody could have predicted the length of the Covid-19 pandemic or the impact on everyone’s mental health. The workplace has become a hive of anxiety, not only from a business perspective, but having to social distance, wear masks in the office, not touch anything in the kitchen, and of course, manage any illness or exposure […]
Are you considering buying a franchise?
Before you dive headfirst into buying a franchise, there are some key elements you need to consider. Do a sense check for compatibility. If you are not a night owl, buying into a restaurant that serves dinner will not suit you. Make sure that the business you enter into can fit your lifestyle. Study the […]
Hiring a diverse team can change inspire innovation
Diversity in the workplace is not a checkbox exercise. It is not something that the law should force on companies. Instead, correct diverse hires can offer up so much more, given a chance. A diverse team will enable a company to solve problems from a team that thinks differently. The Harvard Business Review reported, companies […]
How to build your company into an Asset of Value
The aim of building a business is to ensure that it grows with you. When you are ready to exit the company, you can sell your business or hand it over to your family. This is never realised for many businesses. Most companies close down with no sale at the end of a good lifespan. […]
Productivity Tips for Small Business Owners
Battling with Productivity? Running a small business is not for the faint-hearted. It runs very differently to a large corporate. It has different needs and limited resources. Here are some productivity tips you can use in your SME to improve your operations and increase your productivity. 1. Prioritise your most important tasks of the day/week […]
Setting up your business for a future sale
When you first set up a business, it may be out of necessity, or just a lifelong dream. The thought of what to do later on down the line is not a consideration at that point. For most small or family operation, the prospect of selling is usually only considered when you are about to […]
The Importance of appointing a productive board of directors
As an SME, do you think you need a board of directors in your business? No? Maybe keep reading. Shareholders and a board of directors are not mutually exclusive for large companies and corporations. As an SME, you will reach a point where you need to focus on growing the business or the company’s day-to-day […]
Re-evaluating your evergreen contracts for your business
We seldom re-evaluate the evergreen contracts we enter into as a business. You should do a sanity check on your business expenses every year. What are evergreen contracts? These are the agreements you make with companies and suppliers for goods and services that auto-renew unless one or the other party gives notice, these often auto-renew […]
Business intelligence and the Impact on your future
We are living in an evolving world of an overload of business intelligence data. Businesses need to find the opportunities to turn them into actionable insights. You need to see the opportunities in today’s fast paced business and competitive environment. You can turn your big data into meaningful information if you know what to look […]
Using dashboards to help you manage your business better
The aim of using a Business Intelligence (BI) dashboard is to help you make better business decisions. You can gather, consolidate and analyse your business data. When you see the data in a visually simple way, you simplify the analysis. When you use a dashboard for your analyses, it is easy to identify a trend […]
The Importance of Financial Management in business
Now that the stress of Financial Year End should be over, you can take stock of what you can do differently in 2021 to make the financial management of your business better. If you want your business to grow and to mature into an asset, you need to ensure you have finances and cash available […]
Bizcash, helping you better prepare for financial year-end
For the accounting calendar’s busiest month, the dreaded reports for the financial year-end are upon us once again. Since 2020 was such a dismal year, many companies have some serious accounting to do. There are some easy fixes when it comes to improving your company reporting: Reduce your dependence on Excel. Of course, it will […]
How business partnerships can benefit your business
2021 is the year to set up your business for success. It is also the year or collaborations and partnerships. There are some strategic factors of your business you can review to optimise your business. There are three main parts to your business: Key strategic elements The inner core of the business includes all the […]
Can a Covid-19 vaccine save your business?
There are so many unanswered questions surrounding the Covid-19 vaccine. For the industries battling to open, restaurants, alcohol, and tourism can benefit vastly from the vaccine. The question on everyone’s lips right now is who gets to be in line for the vaccine first. If you can get it, should you? Who is in front […]
Finding various ways to fund your SME
Understanding business finance options can be confusing. There are two main parts to financing small businesses. Equity Financing or Debt Financing There are some common ways you can fund your business: Personal Investment, Angel Investors, Government Assistance, Commercial Bank Loans, Financial Bootstrapping, or Buyouts. Venture Capital and Angel Investors seem to be a romantic solution […]
The Importance of forward planning
For so many SME’s, forward planning is not a priority. As many of the companies are owner-run, time is in short supply. The scheduling of forward planning sessions is essential to scope the projections for the next quarter. You need to know what will get you there. The Covid-19 pandemic caught many businesses off-guard. A […]
How can invoice discounting help your business cash flow?
For most growing businesses, there comes a time when your cash flow is under strain. Invoice Discounting can be your saving grace. It is often not an option to get into debt by using a traditional overdraft facility or a credit card to cover the shortfalls. Sometimes, the company credit card is already maxed, and […]
