National

With the ongoing decline in the popularity of cash, the vast majority of businesses in the modern era will need to be able to receive electronic payments of some kind or another. Whether through EFT credits, debit orders, card payments, these businesses will all require a “payment solutions provider” with access to the banks and can facilitate these payments. Unsurprisingly, who one partners with, in terms of the provision of payment solutions, can become an important decision affecting the business’s day-to-day operations and impacting cash-flow and bottom-line profits. The business owner must understand who they are working with and make their decisions for a payment solution partnership from a position of knowledge. Here then, are the five questions you have to ask a payment solution provider before you agree to sign up.

Traveling overseas can be a life-changing experience, but it can also be expensive. For those with limited funds, saving money for an overseas trip can seem like a daunting task. However, with careful planning and a few smart strategies, it’s possible to save money and make your dream of traveling overseas a reality. Here are some tips on how to save money for going overseas with not a big salary:

John started his business after pitching his idea to some friends around the BBQ. He used all his savings for start-up capital, and family and friends provided loans. He could not apply for finance as his credit rating was not strong enough.
John’s scenario is not uncommon in the business environment. According to gviafrica.co.za, 3.3 million of the 5.6 million small businesses in 2018 were categorised as “survivalist firms”.
A few entrepreneurs have pitched their business idea to a group of funders, conducted market research, or developed a business plan and are not prepared to apply for finance.
John can implement some key strategies in his business to be able to apply for finance in the future. These strategies are: