Author Archives: Matsobanemetja Business Consulting

The one thing that makes life so interesting and joyful is failure. Honestly this life thing was not going to be fun if in all that we do goes smoothly all the time. As challenging as it is, humankind must learn how to deal with failure. Failure is not as bad as we perceive itContinue reading “Business Practicalities No.4 – The Art of Surviving Failure”

A business is brought to life by an individual/s. As you are starting the company you must fulfill the roles and perform the duties of all the various positions in your company departments. You become the CEO, Marketing Manager, Public Relations Manager, etc all at same time. This is because due to lack of fundsContinue reading “BUSINESS PRACTICALITIES No.3 – Organizational Culture”

What do we do after registering our Companies? A business starts with an idea. Then you gather equipments and resources such as Capital or Material needed to start trading , but before trading , we are required to register this business idea. We register with CIPC ( Companies and Intellectual Property Commission ) formerly known as CIPRO.Continue reading “BUSINESS PRACTICALITIES No. 2 – Basic Compliance”

The four upcoming Blogs will serve as awareness or an alert to fellow Business Owners, Entrepreneurs, etc of some factors to avoid doing in order to allow progress and growth in their Businesses. This series of Blogs are inspired by some information we came to learn about through our Bookkeeping Fundamentals Workshops.   We haveContinue reading “BUSINESS PRACTICALITIES No.1 – Invoicing and Bank Account”

VAT is another type of TAX of which anyone as the consumer living in SA pays. But in business you may only register for it when your business is making up to 50K per annum and over. During my interactions with business owners through our Bookkeeping Fundamentals Workshops or Client Consulting, i have observed thatContinue reading “VAT – UNDERSTANDING WHAT IT MEANS AND IT’S IMPLICATIONS”

I am sure by now you already know that the Funding Institutions or Investors do require either your Financial projections or the actual ones if you are trading already before they can assist you. You might know the reason for this but i just wanted to share with you as to what exactly matter toContinue reading “YOUR COMPANY ‘S CASH FLOW IS CAPTURED”

It is understable that most of us start our businesses by acquiring debts in the name of Capital, Loans, Fundings, etc. But be careful not to fall in the trap of religiously acquiring this debts for your business to operate because it can’t be how wealth is built. Capitals, Loans, etc are classified as Liabilities,Continue reading “A LIABILITY IS A COMPANY ‘S FINANCIAL DEBT ,YOUR COMPANY ‘S OPERATION SHOULD NOT BE FULLY DEPENDENT ON INCURRING DEBTS”

A Business exist for clients and because of them. Without them, we have no business. Otherwise who are we going to service? No one.  But the problems don’t begin with customers. They start with you and your employees. When customers expect a fantastic experience but receive a third-rate one, you can lose them forever.I personallyContinue reading “WHO IS MORE IMPORTANT FIRST IN YOUR BUSINESS? CUSTOMERS OR EMPLOYEES?”

Personally i will always advise to start on your own first before you take the decision to share ownership with someone. My reasoning is also backed up by the experience. I witnessed so many conflicts between shareholders or partners ever since my practise. Companies have been dissolved as a result. Business is not easy, whetherContinue reading “WHICH ONE IS BETTER? STARTING ALONE OR WITH SOMEONE?”

Common practice will be that you pay yourself the salary that you are worth based on either your talent, merit, market or experience you have in your chosen field. But in reality this is not the case because the new business does not afford you. So how do i calculate my salary? A business ownerContinue reading “HOW SHOULD I PAY MYSELF AS A SMALL BUSINESS OWNER”