Why should you change your accountant?

Why should you change your accountant? There may be many reasons for a small business to feel the need to change their accountant. The good news is that changing your accountant is an easier process than you may think. It can be done with little fuss or effort and...

Why startups in South Africa fail

Why startups in South Africa fail The current state of South Africa’s economy, combined with the debilitating effects of Covid-19 and the subsequent lockdown, have been the cause of many small businesses’ closure. Research shows that more than 80% of new businesses in...

Cashflow and your small business

Cashflow and your small business At some stage, all businesses will experience cash flow pressures. Small businesses are especially vulnerable to volatile cash flow as credit terms for small businesses are uncommon and commercial financing is not necessarily...

Finance basics for your start-up

FINANCE BASICS FOR YOUR START-UP It is reliably estimated that 50% of all small businesses in South Africa fail within the first 24 months of operation. Research by UWC has revealed that this statistic goes as high as 70-80% within the first 5 years. The reasons for...