Tag Archives: finance
How do you choose a good bookkeeper?
The starting point for choosing a bookkeeper is what you need out of them. Do you simply need someone to capture your day-to-day invoices and expenses? Do you want them to run month-end reports? Be able to do VAT and basic tax returns as well? Or do you want them to be able to critically [...]
5 reasons why EVERYONE should understand Financial Management
1. Understanding financial jargon
With the recent recession hitting everybody where it hurts, people have come to realise that they weren’t following what was going on around them. In a major part, this was because people didn’t understand the lingo being used, and couldn’t decipher the warning signs for themselves. Wrapping your head around the [...]
5 lessons you can learn from small businesses
Small businesses in South Africa are characterised by innovation, drive and a “make a plan” attitude. Since small businesses‘ cannot rely on large corporate financial backing and support, they have to be clever about how they use their resources. Here are five things you can learn from the way small companies do business.
1. The customer is [...]
Financing your Small Business
The best business idea in the world won’t get off the ground without proper and adequate financing. But getting money to start a business is one of the trickiest aspects of the whole process. Here are some suggestions for getting the financing you need.
1. Earn it yourself
Though this is one of the hardest to accomplish, it is [...]
Should I be focusing more on return on investment or net profit?
One of our super smart Ideate readers sent through a very interesting question via our suggestion box. The question was “Should I be focusing more on return on investment on net profit?” Here’s my answer:
The beauty of it is that the return on investment (ROI) and net profit are intrinsically linked – ROI is calculated [...]
Your accountant: fixed cost or asset?
Every business needs an accountant; it’s one of those essential service suppliers like your insurance broker or stationery supplier. You can’t really go without one. How you regard your accountant however is a completely different matter.
View more articles by Karin Hermans.
Finance Tip of the week: Gambling
Sports betting. With the Soccer World Cup having recently wrapped up, there’s been a lot of debate about, and coverage of, all the different forms of sports betting around. As with any form of gambling, there are always plenty of people lamenting their losses, so I thought it useful to have a quick look at [...]
Friday Giveaway: Win a short Finance Course at the University of Cape Town!
We have a really big Friday Giveaway this week! Our super Finance coach, Gareth Cotten along with Get Smarter has organised that one of our lucky Ideate winners can attend a course on financial management in a business context for free!
The University of Cape Town Financial Management for Non-Financial People Course is a part-time online [...]
Business Tip of the Week: Cost control/Finances
Everything is negotiable. It’s very rare that a business becomes a successful one if it lets its costs spiral out of control, and the leanest ones out there watch their expenses like a hawk.
Gareth Cotten is one of the growing breed of SA entrepreneurs with that ‘world-domination’ look in his eyes. Gareth runs the [...]
Finance tip of the week: Utilities
Keeping warm as energy-efficiently as possible. With it being the coldest part of the year here in the southern hemisphere, one is constantly reminded of the many appliances that people use to warm their homes and offices.
Gareth Cotten is one of the growing breed of SA entrepreneurs with that ‘world-domination’ look in his eyes. [...]
