Why bigger isn’t better in business
Why bigger isn’t better in business In the world of business, your earnings can make a large difference between getting investors to invest in your business and being completely overlooked. Many business owners think that the more money they bring in, the more likely it is that investors will show interest. This is true to […]
How trusts preserve generational wealth
The estate duty savings are compounded over several generations Articles on trusts are often aimed at settlors or donors to highlight the benefit of trusts and the role they play in estate planning at the ‘first-generation’ level. In this article, the author aims to illustrate to second-generation beneficiaries the effect of the decisions their parents […]
Estate planning for young adults
Estate planning for young adults It is very important for you to plan your estate, which could include a living will, a last will and a living trust. This can help families prepare for difficult times when you are no longer around to assist or advise them. Our lives get busier and more complicated by […]
Why investing in youth is good for your business
Why investing in youth is good for your business It was Nelson Mandela that famously said, “The youth of today are the leaders of tomorrow”. And although some years have passed since his death, his words still echo true. How we treat our youth (legally defined in South Africa as people between the ages of 15-35) will have a lasting impact on the […]
Growing your business and adapting to change
Growing your business and adapting to change Growing a business takes several important characteristics that require a dedicated leader driving it at the helm. These characteristics include vision, change and people. An effective leader will also engage others in the business to embrace and adapt to change as growth continues. Vision: First, plot the course […]
Three financial tips for small business entrepreneurs
Three financial tips for small business entrepreneurs Here are three things which small business owners should consider implementing to improve their chances for long-term success. 1.Do not aim to match or beat prices offered by competitors Price may win among big retailers that include, as well as countless other larger businesses in a variety of […]
How to future-proof your business before the next crisis
How to future-proof your business before the next crisis While the possibility of a global pandemic was always at the back of our minds, its emergence still managed to catch us off-guard and wreaked havoc on every aspect of our lives, particularly the world of work. Therefore, it’s safe to say that Covid-19 has been […]
Smart accounting: Are you VAT compliant?
Smart accounting: Are you VAT compliant? The last several years have seen an increase in “smart accounting systems” that have online capabilities and that can integrate with various other business solutions. These smart accounting systems have revolutionised traditional accounting, and there can be no question that many businesses run a more organised and financially sound […]
Discover your optimal financial plan at BFS Konsult
Accelerate your growth with an effective financial plan Are you missing out on massive opportunities due to lack of planning, overlooking profitable areas for investment, or struggling with internal resources because there isn’t a plan that elevates you or your business to an “efficient” status? Top-quality financial planning is key to gaining more […]
Stop drifting and start growing
Planning ahead helps you grow ahead Are you struggling to manage your time effectively, leading to a lack of focus when it comes to your long-term and short-term business and individual goals? At BFS Konsult, we know that financial planning is not a one-time event but an ongoing process that requires regular review […]