Your Business is Not Too Small

September 02, 2021 • Estimated Reading Time: 7 minutes

You may think your business is too small for you to start buying the solutions and software you see in SME South Africa. 

Here are ALL the reasons your business is NOT too small ...

- You are never too small to run a professional & efficient business and tools can help. - All businesses need to get online, sooner rather than later. - There a now many affordable tech products and business solutions available for SMEs. We are passionate about sharing with small businesses better ways to run their businesses and increase their chance of success and growth. 

****** START HERE ******

Not sure if it’s time to make that purchase? Below are our recommendations for business solutions every entrepreneur can start using EVEN WITH zero employees and with a revenue of R0 - R200K per year.

1. Accounting software - You are ready when … you have some sales coming in and have business expenses to track. Start tracking every rand that goes in and out of the business. Implement good financial practices and see where your business stands financially (accounting software) READ FULL ACCOUNTING SOFTWARE REVIEW & COMPARE SA’S TOP BRANDS

2. POS Systems - You are ready when … you have a product/service and customers who want to pay with a card. Start accepting card payments and don't only rely on cash. Increase sales by offering customers more ways to pay you. READ FULL PAYMENT SOLUTIONS (POS) REVIEW & COMPARE SA’S TOP BRANDS

3. Website builders - You are ready when …  you have a brand to promote online. Get your business online. Get the word out about your business & start generating additional revenue by selling online. READ THE FULL E-COMMERCE WEBSITE BUILDERS REVIEW & COMPARE SA’S TOP BRANDS 

Also in this week’s newsletter:- Our recommendations for Accounting software, POS systems, and E-commerce web builders- SAP Business ByDesign helping SMEs with innovative solutions- Free Download: Small Business Bounce Back Guide

The last chance to Enter the Business Partners Toolkit Business Plan Competition

New on the Website This Week!

- Get more info on Yoco’s features, pros and cons, and the cost.

The following content is sponsored by SAP Business ByDesign.

Innovation born in the cloud – SAP Business ByDesign

Has your company grown so quickly that your departments and business processes are hardly integrated? Are these growing pains preventing your employees from collaborating effectively with external stakeholders?Perhaps you also have inadequate insights into data that can help you make decisions and identify potential problems before they crop up.You can now resolve these challenges with SAP Business ByDesign. It is an innovative solution developed specifically with rapidly growing SMEs in mind – the solution promotes quick, efficient implementation and operation for SME users.With SAP Business ByDesign you can:

  • Optimize financial processes, including financial accounting and cash flow management.

  • Focus on your customers in marketing, sales distribution and service.

  • Promote and use employee potential through organizational management, HR activities and employee self-services.

  • Integrate production and logistics in supply chain structuring, planning, management and manufacturing, warehousing, and logistics.

  • Fulfil compliance with applicable laws and standards.

  • Achieve your company’s goals through corporate performance management.

To find out more about SAP Business ByDesign, visit SAPAfrica.com/ByDesign.

All Businesses Are Different - What Tech Products Should You Prioritise for Yours? 

You know your business best, but if you are looking for guidance on what tech all business owners should get, check out our extensive Guide to technologies you need when you’re starting your business.

 

++++ PLUS ++++

Financial management tools every entrepreneur should be using & financial practices every entrepreneur should implement. READ MOREReally to take the leap? We partnered with South Africa's top business solutions and tech providers to bring you the top products for your business at all price ranges.  - Accounting software - Sage (READ SAGE REVIEW) - POS - Yoco (READ YOCO REVIEW)- E-commerce website builders - Squarespace (READ SQUARESPACE REVIEW)

The following content is sponsored by Business/Partners.

 It’s YOUR opportunity to stand a chance to win R30,000 to launch your business idea! To enter the SME Toolkit-Business Partners Ltd Business Plan Competition for Aspiring Entrepreneurs, please complete this online entry form. Participants will be provided with training material on how to develop a business plan, a marketing strategy, and a cash flow forecast, and will be able to participate in online workshops and group discussions before submitting their business plan. Please note: In compliance with the current COVID-19 lockdown restrictions, the competition process will be facilitated via online platforms. More about the competition here. What You Can Win: Prizes include vouchers to receive mentorship assistance from leading business experts for finalists, and for the winner, a further mentorship voucher, as well as a cash prize of R30 000. The closing date to enter is 31 August 2021.

Get ALL the Tools & Resources you need to plan your next Bigger, Better, Smarter move.

 Download the Small Business Bounce Back Guide, in collaboration with Sage, and get help with some of the biggest challenges facing SMEs right now:

  • Access to funding

  • Financial management

  • Market access

  • Business compliance

  • Use of technology

The Guide is FREE to download. Own it With Sage - Find out how Sage is helping South African small business owners take back control of their businesses.