There are a number of instances when you may need to determine the market value of a business. Certainly, buying and selling a business is the most common reason. Estate planning, reorganization, or verification of your worth for lenders or investors are other reasons. Valuing a company is hardly a precise science and can vary depending on the type of business and the reason for coming up with a valuation. This article looks at some of the common methods used to determine the value of a business.
If you've found a property you'd like buy to for your business, the next challenge is to apply for a bond.
When you approach a potential financier to provide a loan for starting or expanding your business, it's best to be aware of some of the terminology that may be used and what they mean. This article provides you with a list of terms related to financing and finance that it would be helpful for you to know. While this list isn't the complete financing lexicon, it does point you in the right direction.
The South African government is well aware of the importance of developing the economy, creating employment and attracting foreign investment. To make these goals a reality, there are grants and assistance programmes available from the government and associated organisations that can get your business off the ground and expanding. Unlike a loan, a grant is an award of money that is non-repayable. While the government is one of the best sources of grants, its selection criteria is strict and paperwork intensive, and the receiving business is obligated to spend the funds in a manner specified by the provider.
Due to the socio-economic landscape of South Africa, obtaining business finance is one of the biggest challenges that entrepreneurs and SMEs face and, therefore, one that many find daunting. This articles goes through the various stages of applying and obtaining business finance for your business, which will make the process easy, and help you to be approved with little to no hassles.
The National Empowerment Fund (NEF) was established by the National Empowerment Fund Act No 105 of 1998, to promote and facilitate black economic equal
Before you approach the bank or other form of financier to fund your start-up or business expansion, you need to be sure that you've done you
When asked, the majority of entrepreneurs will tell you that access to finance is their greatest challenge. Funders may target certain industries, types of business or even geographical areas. By knowing who and where these financiers are, you can approach the most appropriate organisation that meets your business's specific needs and goals. This document provides an overview of organisations that provide funding to the smallest micro businesses all the way through to medium-sized enterprises in South Africa.
Pitching to potential funders is not easy. Here are some suggestions to help you put your best foot forward.