Category Archives: Financial Literacy

10 Things All Small Business Owners Should Do Every Month

1) Tidy Up Your Workspace During the month it can be easy to let your workspace (and other areas of your house) get into disarray. Having a tidy workspace can help to cultivate a tidy and focused mind so on the first day of every month take a few hours to clear out the literal (and metaphorical)Continue reading “10 Things All Small Business Owners Should Do Every Month”

How to Build a Brand, Not Just a Business

You need to figure out what you want to sell. That may sound simple, after all, you’ve decided to build a business around something you’re good at. Something you’re passionate about. So that’s it right. You simply create products or services around that. Is there a need for what you have to offer? Let’s lookContinue reading “How to Build a Brand, Not Just a Business”

How to Price Your Services to Profit

Things to Consider When Pricing Your Services: As a start-up you rely mostly on the market price or a mere comparison to that of your competitors. Careful that you don’t end up overcharging or under charging your services as a results. There may be many underlying factors that made your competitors to charge their current prices. ThusContinue reading “How to Price Your Services to Profit”

How to Manage Small Business Finances |  Monthly Money guide Workflow

Are you that person a week before taxes were due sorting through receipts and trying to get records up to date? I know from experience that if you don’t make room to stay on top of your finances consistently, it’s a task that inevitably ends up on the back burner. Which is why I’m sharingContinue reading “How to Manage Small Business Finances |  Monthly Money guide Workflow”

Company Formation – what you need to know, in order to get started.

It is no doubt that in South Africa it has become so much easier to formalise your business. I am writing this blog with a purpose of highlighting the steps necessary to take in order to start operating and building a reputable brand. Step 1. Company registration must take place, so you can have anContinue reading “Company Formation – what you need to know, in order to get started.”

Best Accounting Tips for your Business

Secrets of Best Accounting Practices for Small Business Hire a Bookkeeper The need for an accountant or bookkeeper grows as your business finances get more complicated. Bookkeepers and accountants perform similar tasks but have a different set of skills. Accountants provide consultation and analysis and are qualified to provide advice on your taxes. These financial advisors can help you withContinue reading “Best Accounting Tips for your Business”

Happy New Tax Year 🎉

What does a new tax year mean? Well, it can mean multiple things. 1. Are you an employer and responsible for employees tax deductions as a results of PAYE, UIF, SDL and other taxes?– February is the end of individual tax year. The ITR12 tax periods range from March to February the following year. ThisContinue reading “Happy New Tax Year 🎉”

Small Daily Actions that helps increase your productivity

I wanted to take a break from sharing finance content today and rather share a bit of what helps me to be productive. I gather the tips may help other business owners/ even professionals too. 1. Don’t Make It Too Complicated Making money is not complicated.Almost anyone can do it. Sadly, so many people makeContinue reading “Small Daily Actions that helps increase your productivity”

Steps on how to Organize Your Business Finances

Starting your own business is overwhelming to say the least. There’s always something new to learn and a mile-long to-do list that you’ll probably never finish.  Even though it can feel really intimidating, ignoring your business finances isn’t an option. If you want to avoid getting in trouble with the tax institutions / government, andContinue reading “Steps on how to Organize Your Business Finances”

Benefits of Bookkeeping for Small Business Owners

1. Improved Financial ManagementBookkeeping can help you improve your financial management!When you track your financial transactions, you’ll be able to create accurate financial statements. That means you’ll finally have a good handle on your income, expenses, and cash flow. With bookkeeping, you can finally gain control over your finances and make informed decisions that will leadContinue reading “Benefits of Bookkeeping for Small Business Owners”