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Debt is good for your business as long as it is well managedhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/debt-is-good-for-your-business-as-long-as-it-is-well-managedDebt is good for your business as long as it is well managedThe word “debt” often has negative connotations as something to be avoided. This is because it can be perceived to spell out financial trouble, but Siphethe Dumeko, chief financial officer of Business Partners Limited, believes that debt is more often than not, a vital, nourishing resource that allows a business to grow.2017-07-30T22:00:00.0000000Z
Ten tips for managing the lifeblood of your businesshttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/ten-tips-for-managing-the-lifeblood-of-your-businessTen tips for managing the lifeblood of your businessNothing is as important to the financial health of a growing small business as the constant, predictable flow of cash, because if the cash dries up, the business will die.2017-07-30T22:00:00.0000000Z
Tax terms definedhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/tax-terms-definedTax terms definedBefore you try to get your taxes in order, it's important be familiar with the technical jargon you're about to be bombarded with. This glossary of tax terms can help you get to grips with that complicated language called Tax.2017-03-06T22:00:00.0000000Z
Now is the time for a pro-SME Budgethttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/now-is-the-time-for-a-pro-sme-budgetNow is the time for a pro-SME BudgetIn year that promises better economic growth than that of the past few miserable ones, South Africa's business owners are likely to follow this month's tabling of the national Budget with more interest than usual, says Siphethe Dumeko, Chief Financial Officer at Business Partners Limited, the leading local risk financier to small and medium enterprises (SMEs).2017-02-23T22:00:00.0000000Z
Assessing your company's financial positionhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/assessing-your-companys-financial-positionAssessing your company's financial positionIf you're not so clued up about the accounting and financial side of your business, you may not realise how an in-depth financial analysis can benefit your company. Learn how to get the most out of your financial information.2017-02-13T22:00:00.0000000Z
How good is your credit rating?https://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/how-good-is-your-credit-ratingHow good is your credit rating?No matter what kind of business you have, there will probably come a time when you have to apply for a loan or overdraft to expand your business, buy equipment or finance some other aspect of your operations. This is when have a good credit history becomes very important. 2017-02-13T22:00:00.0000000Z
Six ways to improve your business budgetinghttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/six-ways-to-improve-your-business-budgetingSix ways to improve your business budgetingAt the best of times, budgeting is one of the most important habits that separates thriving business owners from the mass of plodders and stragglers. When times are tough, the ability to budget becomes a matter of survival.2016-03-28T22:00:00.0000000Z
SA entrepreneurs look towards Budget for much-needed reliefhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/sa-entrepreneurs-look-towards-budget-for-much-needed-reliefSA entrepreneurs look towards Budget for much-needed reliefLike a farmer staring up to a tiny cloud in a parched sky hoping that it will grow and bring rain, South Africa's business owners are eagerly looking towards the upcoming Budget speech for anything that might relieve the discomfort of the current climate.2016-02-23T22:00:00.0000000Z
How to make the most of the months of extremeshttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/how-to-make-the-most-of-the-months-of-extremesHow to make the most of the months of extremesDecember and January tend to be months of extremes for South African business owners. Either business dries up to levels where it is hardly worth staying open, or the work floods in at such quantities that you might come close to drowning.2015-12-17T22:00:00.0000000Z
Six essential tips for sound business budgetinghttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/six-essential-tips-for-sound-business-budgetingSix essential tips for sound business budgetingA business without a working budget is like a car without a fuel gauge – it will drive for a while, but will run out of fuel when the driver least expects it. How can business owners put their budget, that most basic of business tools, to best use? Anton Roelofse, regional general manager of Business Partners Limited (BUSINESS/PARTNERS), has six essential tips for sound business budgeting.2015-03-19T22:00:00.0000000Z
How much profit did you make?https://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/how-much-profit-did-you-makeHow much profit did you make?Often many small, and even medium sized businesses are run by people who come from a technical background. They have what we call "technical know- how", but they may not necessarily have the knowledge or the dedicated time to manage some other disciplines, such as human resources, marketing or financial management.2014-09-26T22:00:00.0000000Z
The science and art of valuing a businesshttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/the-science-and-art-of-valuing-a-businessThe science and art of valuing a businessThe question : What is the value of this business? is one of those best answered by another question: Who wants to know?2014-06-20T22:00:00.0000000Z
No business is too small for a proper budgethttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/no-business-is-too-small-for-a-proper-budgetNo business is too small for a proper budgetMany business owners mistakenly think their operation is too small for a formal budgeting process. The budget (of sorts) that many business owners keep inside their heads is often more like a basic recipe, and is usually inadequate to deal with the constant change that every business is subject to.2014-02-20T22:00:00.0000000Z
SME-friendly Budget will boost job creation, economic growthhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/sme-friendly-budget-will-boost-job-creation-economic-growthSME-friendly Budget will boost job creation, economic growthMost small and medium business owners know what it’s like to put together a budget under difficult circumstances. Many will therefore be sparing a thought for finance minister Pravin Gordhan2014-02-18T22:00:00.0000000Z
Time to start looking at income growth againhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/time-to-start-looking-at-income-growth-againTime to start looking at income growth again2014 looks like the year in which business owners will be shaking themselves out of the mindset of survival through cost cutting to one of expansion through income growth, says Anton Roelofse, regional general manager of Business Partners.2014-01-23T22:00:00.0000000Z
SA SMEs cutting costs on cyber security could threaten business survivalhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/sa-smes-cutting-costs-on-cyber-security-could-threaten-business-survivalSA SMEs cutting costs on cyber security could threaten business survivalIn the current economic climate South African SMEs are increasingly cutting costs due to the sustained impacts of the global financial crisis. This is according to the recently released KPMG Business Leaders Survey, which found that a significant amount of local businesses were attempting to cut costs due to the uncertainty of the current global economic climate.2012-06-29T22:00:00.0000000Z
SA SMEs need to create cash cushionhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/sa-smes-need-to-create-cash-cushionSA SMEs need to create cash cushionDuring an economic downturn Small and Medium Enterprises (SMEs) are often hit the hardest. Unlike large corporations, SMEs do not have the large cash reserves required to navigate the turbulent economic conditions currently being experienced in South Africa2012-06-11T22:00:00.0000000Z
Access to finance: part threehttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/access-to-finance-part-threeAccess to finance: part threeFollowing up on "Access to finance: part one" and "Access to finance: part two" of the previous articles, part three brings you the importance of financial statements. What I have experienced is that most entrepreneurs do not spend enough time on this aspect of their businesses or rather downplay its importance.2012-05-21T22:00:00.0000000Z
SMEs risk bankruptcy as state and large corporates delay paymenthttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/smes-risk-bankruptcy-as-state-and-large-corporates-delay-paymentSMEs risk bankruptcy as state and large corporates delay paymentLate and protracted payments by large corporations and state agencies is putting an increasing number of South Africa's small and medium enterprises (SMEs) under unnecessary pressure and, in many instances, is leading to the failure of otherwise sound companies.2012-05-08T22:00:00.0000000Z
Access to finance: part twohttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/access-to-finance-part-twoAccess to finance: part twoFollowing up on my previous article "Access to finance: part one", I would like to highlight a few points for entrepreneurs to consider when they start the process of sourcing finance for their business.2012-05-03T22:00:00.0000000Z
Access to finance: part onehttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/access-to-finance-part-oneAccess to finance: part oneEvery business at some point or another seeks capital injection. This injection can come from several sources e.g. private personal funders, private and public financiers. In many instances, private personal finance is not an option, so the business owner is left with no choice but to convince private or public financiers to back their enterprises.2012-04-23T22:00:00.0000000Z
Cash flow management for the tourism business ownerhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/money-and-finance/cash-flow-management-for-the-tourism-business-ownerCash flow management for the tourism business ownerTourism business owners are feeling the pinch now in terms of cash flow as our economy moves through a cycle of strain. A crucial management tool for all entrepreneurs to engage in is cash flow management.2012-03-02T22:00:00.0000000Z