Your customer’s lifetime value (CLV) is a critical metric for growing small business. This metric can help you know if you are flying or coming down in flames. If there is an imbalance between your customer’s acquisition cost and the customer’s lifetime value your business could be in trouble. How do you calculate your customer’s
Article provided by Absa Ask an entrepreneur what keeps them up at night, and the answer is, “cash flow.” The money that moves in and out of your business (or lack thereof) is the single biggest challenge for business owners. We asked South African entrepreneurs how they tackled cash flow problems when they were starting out.
Do you want to grow your business? Are you short on cash? No worries, here are eight ways to grow your business on limited funds. 1. Become a guru Find out which forums your customers frequent and be present on them. Leave useful information and help them to reach their potential by share your knowledge
In our business one commodity which we wish could produce more of is time. Some days seem to run away with us and before we know it the day has ended and we still have only checked the first two tasks off our to-do list. So how can we better utilise our time? Automate some
Are you struggling to keep the wolves from the door? Are you consistently running out of cash to grow your business? Let’s have a look at the biggest cash flow problems and how you can overcome them. Problem #1: Excessive overheads When starting out in your business it is important to limit the overheads. Overheads
Government has introduced measures to make the application process for the research and development (R&D) tax incentive programme free of bottlenecks. Established in 2006, government’s R&D tax incentive programme offers tax breaks, through the South African Revenue Service, to private sector companies investing in R&D. However, since its introduction, the tax incentive process has been beset with
Article provided by Xero Franchises are built on proven concepts, with market-tested products, and they often come with business systems that make admin straightforward. There’s a lot to like. But there are also risks to consider. Here’s how to check if a franchise is right for you. Franchise reality check A good franchise can take some
Running a non-profit organisation is different from managing a conventional business – and the accounts are handled differently too. So what do you need to know about non-profit accounting? Non-profits are businesses too Non-profit businesses are sometimes called not-for-profit entities, especially by accountants. Unlike a conventional business, a non-profit company’s main aim isn’t to make
By FlowCentric Technologies The FlowCentric Technologies team exhibited at the My Business Expo in February 2018. We met so many attendees; from people with established businesses interested in networking, to entrepreneurs looking for advice on how to turn their visions into reality. Here are some tips for the entrepreneurs interested in starting a business. Being an
Article provided by Sales Guru This saying “Diligence is the mother of good luck …”– attributed generally to golfer Gary Player, but allegedly uttered by Ben Franklin more than 200 years before – is way overused. But it’s also entirely true as anyone who has experienced a spot of good luck unexpectedly can attest to it.