You have booked the time to pitch your idea to a potential investor. Now what? Many entrepreneurs are not great speakers or struggle to share their ideas. Here are some helpful tips to create an investor presentation to wow your audience.
Money Matters
Article provided by FinFind
The bad news in the SME market in 2016 was that 67% of small businesses that closed in South Africa did so for financial reasons. This is a far more pressing problem for local entrepreneurs compared to their regional counterparts, with 50% more South African entrepreneurs discontinuing their businesses due to a lack of access to finance compared to the average for Africa. [1] With this and the reality of South Africa having entered an economic downturn in June, it is not hard to feel a bit bleak.
Darlene Menzies, CEO of Finfind, South Africa’s leading online access to finance solution, shares a few finance tips on optimizing your cash flow management to help ensure that your business survives and thrives during rocky times.
Article provided by Altovation
MyStartup1000.com launched as potentially one of South Africa's largest start-up initiatives ever. More than 2,000 people will have an opportunity to benefit directly from the free training offered by the programme. The initiative is aimed at creating a new approach to entrepreneurship in South Africa by assisting businesses to de-risk their chances of starting up.
"We have analysed that makes businesses fail, and we have developed a programme that helps people turn ideas into sales.", says Riaan Steenberg, CEO of Altovation.
By Marnus Broodryk, Shark Tank SA Investor and Xero Gold Partner
The rapid advancement of technology, and its impact on the commercial environment, is changing the relationship small and medium sized enterprise (SME) owners have with their accountants. Research conducted by Xero and World Wide Worx shows that technology is increasingly handling the more repetitive and administrative accountancy tasks. In fact, 34% of SMEs surveyed said that automation is helping them become more self-sufficient, and 31% don’t believe they will need an accountant in ten years’ time.
If you’re an accountant, you can view technology in one of two ways; something that threatens to eliminate your job completely or as something that will change it, but also make it more interesting. Fifty-nine percent of the accountants surveyed believe that technology takes care of the number-crunching and helps free up time for more strategic consultancy.
One of the areas where many entrepreneurs fall short is in the management of their money. Here are seven common money mistakes that entrepreneurs need to stop doing today.
One constant small business challenge is how will you finance your venture? With many funding options available it is important to choose the one which will benefit you and your business the most. Before you decide on which funding option to choose it is important to ask yourself the following questions:
You have a great idea. You have written a business plan. You know the market and that there is a demand for your product or service but there are no funds. You wonder how you can find the financing you need for your big idea. Before you look at the financing options, it is important to go through these two questions:
You have the business idea. You have the determination. You have created the business plan. Now you only need the funding. Here are six places to go for funding.
Starting a new business can be exciting and fun, but often the financial side is not given due consideration. This can lead to you learning bad money habits which can be hard to break in the long term. Let us take a look at some bad money habits and how to break them.
You have found a name for your business. You have registered it. Now it is time to work on your money management skills. If you have bad money management practices when you start your business, you will struggle to see growth and know which parts of your business need to be reviewed and which parts are running successfully. Here are some points to consider when managing your small business’ finances.