Tag: Colin Timmis
Putting people and purpose at the heart of business
The fifth annual State of South Africa Small Business report 2022 found that 95% of business owners have experienced stress in running their businesses. Undoubtedly every late payment, supply chain issue, and government decision over the past two years has placed additional stress on the owners of small businesses.
Cloud adoption is vital for SME survival, yet many are held...
Technology adoption has played a huge role in how Small and Medium Enterprise (SME) navigated the past two years. Some businesses have used their tech to stay connected to their team and customers, while others found digital solutions to be the difference between closing their doors and maintaining a regular income.
Financial mistakes for the average SME owner this year amounted to...
Four in five small businesses want to become more knowledgeable about financial management, but two thirds lack the support they need. New research reveals that South African small businesses are making mistakes costing them an average of R91,311 per year due to a lack of financial knowledge.
Securing long-term success for SA’s SMBs
The country’s SMBs have had a tough 18 months, and unfortunately it seems that challenges are set to continue. The first quarter of 2021 saw one of the highest jobless rates since records began – 32.6 percent – and the latest projections show that South Africa’s economy is only expected to recover to pre-pandemic levels in 2025.
FEATURE | The Future Accountant
According to QuickBooks, there are already more than 700 apps that are assisting accountants to automate processes and reduce their workload. Gone are the days where accountants can be mere number crunchers, who collate and check data and allocate it to the correct cost centre. The future accountant will have transformed her/himself into a financial advisor, adding value to businesses by offering strategic advice, consulting and financial planning.