Tag: business funding

In today's dynamic business environment, entrepreneurs are at the forefront of reshaping industries. They challenge conventional norms, redefine traditional practices and drive forward innovation. Yet, to turn their groundbreaking ideas into reality, entrepreneurs often need financial support. This is where funding becomes pivotal, enabling businesses to scale their operations and make their mark on the world.

Conventional wisdom is that winter is one of the weakest periods for retail trading in South Africa. However, a big data analysis we commissioned shows that retail sales tend to pick up in winter after the quiet autumn months. 

Determining the right amount of funding a business needs is a common challenge for many small and medium enterprises (SMEs). This is due to several reasons or practical challenges. To begin with, no business is the same. Funding requirements and the use of credit will vary based on business life stage (start, run or grow), operating cycles, growth plans, industry, and market conditions

Accessing the right funding and financing, at the right time, can mean the difference between starting up, staying open, or shutting down. The economy is facing a challenging business environment, with slow global growth, economic volatility, and ongoing power supply issues. This means that many businesses in South Africa are still trying to find their financial footing

With entrepreneurship critical to SA’s economic recovery, there are resources to help aspiring entrepreneurs get ahead. Entrepreneurship has been hailed as the key to South Africa’s economic recovery – and the good news is that all signs point to it being on the rise.

Several advantages make owning commercial or business property a viable prospect for small businesses. These include the benefit of asset appreciation, enjoying full control over interior design and renovations, security of tenure and avoiding above-inflation rent hikes.

The lack of access to finance is one of the main reasons small and medium enterprises (SMEs) fail worldwide. While start-up capital is crucial, access to funding in running a business is critical too. In the best of times, access to finance is vital to scale and take advantage of opportunities.

For most Small and Medium Enterprise (SME), funding and loans are vital to their ability to purchase equipment, expand the business and maintain cash flow through challenging times. But to maximise their chances of getting the loan, it’s vital that that they do their homework before approaching a funder.

According to the latest research by Statistics South Africa, the rate of unemployment among South Africans aged between 15 and 34 years, currently stands at 46,3 percent – and youth aged 15 to 24 years are the most vulnerable with over 63 percent of them not employed or in institutions of learning – these stats have worsened due to the pandemic.