This is the last blog entry for the year and I just thought it would be befitting enough for every business owner to do a bit of “stocktake” with regards to their business standing. I have realised that many business owners do not really know their businesses legal entities and how and when to maintainContinue reading “YEAR END CHECKLIST FOR BUSINESS OWNERS”
Tag Archives: #smallbusiness
BUSINESS OWNER BANK STATEMENT REVIEW
Dear Business Owners The end of the year gives us an opportunity to do some introspection. If you have not been doing things the right way, as far as record keeping is concerned – please aim to do things differently in the new year. Your business depends on it. I just thought while we areContinue reading “BUSINESS OWNER BANK STATEMENT REVIEW”
BUSINESS PRACTICES
I was invited for an interview by YOU FM and therefore decided to create a blog out of the questions that were asked. 1. What are the basic business practices?1)a. Making profit – you must never compromise on this important business principle. For anything that will comprise the business from making profit, it is notContinue reading “BUSINESS PRACTICES”
RANDOM BUSINESS ADVISES YOU DID NOT ASK FOR
Today I decided not to write a blog based on a specific topic however some useful pointers you may find useful in your business. 1. How much do I pay my first employee?This question have re-surfaced many times during consultations with entrepreneurs. There is no straight answer to this. My usual response is that, asContinue reading “RANDOM BUSINESS ADVISES YOU DID NOT ASK FOR”
How do you know that the company afford to obtain more credit facility?
Taking on a debt if you have a reasonable need, a sound financial track record, a firm financial history, and stable business, most banks, finance institutions, investors, etc will be willing to lend you the money. Funds are required for different reasons. It could be the need of cash itself, or the need for the financing to purchase machinery or more equipments, even better acquiring big assets such as a property. It is alwaysContinue reading “How do you know that the company afford to obtain more credit facility?”
5 Accounting Categories that every Business Owner must understand.
There are 5 categories that I always emphasise that every entrepreneur must know and be clear about, for them to understand their businesses better. 1. AssetsThese are valuable items with a long lifespan. Assets are extremely important in any business as we use them over and over again to generate income. We have 2 typesContinue reading “5 Accounting Categories that every Business Owner must understand.”
SCALING YOUR BUSINESS
Many business owners are unaware that growth and scaling are not the same. Growth is defined as an increase in capacity, operations, and revenue, but this increase comes with a concurrent increase in costs for the company to earn more money. Scaling entails gradually and steadily expanding a business to sustain its growth over time.Continue reading “SCALING YOUR BUSINESS”
ADVISE TO A NEW AND EVERY SMALL BUSINESS OWNER
It is a new year and one of your new year resolutions may be to start a business. Whether as a side hustle or full-time it doesn’t matter, it is still a business. I have compiled the following few pointers to assist in building your entity 1. Register your businessHaving your entity registered will sortContinue reading “ADVISE TO A NEW AND EVERY SMALL BUSINESS OWNER”
Matsobanemetja Business Consulting Pty Ltd 