BUSINESS: Reasons to take your small business into the cloud

Cloud

SME adoption of the cloud is sure to explode as bandwidth increases, connectivity costs fall, and a new generation of digital entrepreneurs move into business, according to Ivan Epstein of Softline and Sage AAMEA. He gives five reasons to take your small business into the cloud.

BUSINESS: SMEs prepare for rising costs

Rise market

SMEs are facing a challenging second quarter of 2015 as there are rising costs for doing business. The rising fuel prices and individual tax increases will put more pressure on consumer’s disposable income.

INSIGHT: Economic conditions impact SMEs

Over worked

Poor economic conditions impact confidence levels of South Africa’s SMEs. Slow economic growth, rand volatility and load shedding, impacting business owners’ confidence levels, according to Ben Bierman of Business Partners Limited.

BUSINESS: SMEs # 1 Challenge gets attention

Work 4

The My Business Expo and Access to Finance Indaba are coming up for owners of SMEs to equip themselves in the best way to run their businesses. Different topics with tips for SMEs will be explored.

BUSINESS: Revolutionising business telephony forever

Internet

Founders of Euphoria Telecom, George Golding and Conrad de Wet are revolutionizing the way business owners run their communications. This phone service uses the internet as opposed to a traditional analogue landline cabling system.

BUDGET: SME-friendly budget to boost economy

entrepreneur

Government’s budget should contribute towards the formation, sustainability and success of small and medium enterprises (SMEs) to reduce the unemployment rate and develop the economy. Nazeem Martin says government should support SMEs by encouraging South Africans to pursue entrepreneurship opportunities.

ENTREPRENEURSHIP: Using invoices to free up cash

Finweek 16 October 2014

Invoice discounting could offer a quick solution to cash flow troubles for small and medium enterprises, but FNB’s Michael Naidoo warns that this form of financing does have its pitfalls.

MANAGEMENT: Skills required to grow a business

Ravi Govender

SA entrepreneurs are often faced with the challenge of retaining skilled and experienced people in their businesses. Standard Bank’s Ravi Govender looks at ways in which to attract and keep skills within a company to ensure long-term growth.

ENTREPRENEURSHIP: James Caan on the entrepreneurial journey – Pt1

James Caan, Lisa Lllingworth

Journalist Lisa Illingworth spoke to James Caan of Dragon’s Den fame about his Step Up 2 a Start Up initiative for the next edition of Finweek. In this article she speaks to Caan about his own entrepreneurial journey and who is really responsible for the development of SMMEs.

ENTREPRENEURSHIP: 8 reasons why you need an accountant

finance

Many small businesses prefer not to employ a professional CA in order to save on costs. This articles outlines eight ways your business can benefit from the services of a professional accountant.