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There are Opportunities in a Crisis

May 05, 2020 • Estimated Reading Time: 9 minutes

We’re in Level 4 stage lockdown and many industries have reopened to resume operations. Is your business one of them? Many entrepreneurs are raring to go, even if for some it means starting over. There has been an increase in the number of queries related to starting a new business - e.g how to register a business, how to comply with the various bodies, and many more of you are reading our articles that are related to business ideas and opportunities. 

While the COVID-19 pandemic has been devastating for many across the globe, it has also shaken others to finally pursue a dream they may have been putting off and for some, job security worries may mean considering starting a business for an additional income source. We want to offer a helping hand - this week we are focusing on providing RESOURCES for those who are, for whatever reason, making a start. Stay safe and healthy.

- The following content is paid for by DPO South Africa -

Banks team up with DPO SA to bring turbocharged e-commerce to local SMEs

Working closely with the major banks, the country’s largest payment enabler,

, has launched a first-of-its-kind, fully managed, payment solution that gives small businesses the same power and access to services as enterprise companies.

The offering has been designed to fast track South Africa’s ecommerce growth. The solution is perfect for companies looking to quickly take their products and services online, but with none of the hassle and at a fraction of the cost of traditional offerings.

PayGate Plus gives organisations of any size all the benefits of a merchant account, without any of the hassle or wait.

Offering a traditional payment page, payment link, or electronic billing system, PayGate Plus supports all available digital and card payment methods, including:

PayGate Plus takes care of online business admin from transaction reconciliation to an improved fraud management system, so merchants can focus on growing their business, rather than worrying about the risks.

With PayGate Plus, merchants have complete control and they can even manage their business from their phone.

From startup to enterprise, existing e-commerce website, or not, PayGate Plus will help you grow. 

LESSON OF THE WEEK

“The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” - Peter Drucker

COVID-19 BUSINESS SUPPORT

Have you changed your business model since COVID-19?

We also asked our readers on Facebook if they had changed their business models.

Check out what they had to say HERE. 

Advice on How To Manage Your Cash Flow During COVID-19

  1. Make sure your business has an online presence.

  2. Partner with your suppliers and customers (i.e. speak to customers to understand their cash flow challenges).

  3. Convert from fixed costs to variable costs where possible.

  4. Consider alternative revenue streams.

  5. Review your finance options.

    READ MORE HERE

'STARTING A BUSINESS' RESOURCES

Start with

- Creating Your Business Plan (Available for download)

Basic business know-how

Legal Advice:

- 

Funding and Other Support

Business Guides

-  A Guide to Starting a Sneaker Cleaning Business (Professional services)

*Please note – Only certain industries are allowed to resume operations under Level 4 lockdown. All operating businesses must put precautionary measures in place to reduce the risk of COVID-19 transmission.