Looking to expand your business in South Africa? Large scale enterprises often enjoy an impressive choice of options when it comes to financing growth; however, it’s often a different story with small businesses. Read on for 3 useful finance tips to grow your business.
Banks and other credit institutions are increasingly inclined to lend capital to small business owners. A solid business plan and a good credit rating are more likely to fetch you loan approvals. There are three reasons why it’s a good idea to gain access to affordable business capital:
Lack of knowledge about business credit may prevent you from accessing business loans that you need for your business to thrive! Keeping your business credit separate can protect your personal credit score. Here are 3 ways to keep your business and personal account separate::
Every business has two types of costs: Fixed and variable. The fixed costs have to be incurred regardless of whether you make money or not. But variable expenses can be kept under control.