Tag: dailyprompt

Vol. 7 MAY 2023

Posted on by Biznezz Hub Consultancy in Uncategorized

The unique challenges faced by small businesses in South Africa, such as limited access to funding and high levels of bureaucracy, and how bookkeeping can help overcome these challenges.

The backbone of the economy

Small businesses are the backbone of any economy, and this is particularly true in South Africa. However, these small enterprises often face unique challenges that can make it difficult for them to succeed. In this month’s newsletter, we will explore some of the challenges faced by small businesses in South Africa, such as limited access to funding and high levels of bureaucracy, and how bookkeeping can help overcome these challenges.

Challenges Faced by Small Businesses in South Africa

Limited Access to Funding

One of the biggest challenges faced by small businesses in South Africa is limited access to funding. This is often due to a lack of collateral and a poor credit history. Banks and other financial institutions are hesitant to lend money to small businesses because they view them as high-risk investments.

High Levels of Bureaucracy

South Africa is notorious for its high levels of bureaucracy. This can make it difficult for small businesses to navigate the legal and regulatory landscape. There are a lot of rules and regulations that need to be followed, and small businesses often lack the resources and expertise to navigate these complexities.

Competition from Larger Corporations

Small businesses in South Africa also face stiff competition from larger corporations. These companies have more resources and can often offer products and services at lower prices. This can make it difficult for small businesses to compete, especially in industries where economies of scale are important.

Bookkeeping , consultation to small businessess

How Bookkeeping Can Help Overcome These Challenges

Bookkeeping is the process of recording, organizing, and managing financial transactions for a business. While many small businesses view bookkeeping as an unnecessary expense, it can actually be a valuable tool for overcoming the challenges they face.

1 – Access to Funding

Bookkeeping can help small businesses in South Africa access funding by providing lenders with accurate financial statements. Lenders want to see that a business is financially stable and has a good track record of managing its finances. By keeping accurate records of income and expenses, small businesses can demonstrate their financial health and increase their chances of securing funding.

2 – Compliance with Regulations

Bookkeeping can also help small businesses in South Africa comply with regulations. By keeping track of financial transactions, small businesses can ensure that they are meeting all of the necessary reporting requirements. This can help them avoid penalties and fines, which can be costly.

3 – Competitive Advantage

Finally, bookkeeping can give small businesses in South Africa a competitive advantage. By keeping track of expenses and revenues, small businesses can identify areas where they can cut costs and improve profitability. This can help them offer products and services at competitive prices, which can attract customers and help them compete with larger corporations.

Small businesses in South Africa face unique challenges that can make it difficult for them to succeed. Limited access to funding, high levels of bureaucracy, and competition from larger corporations are just a few of the challenges they face. However, bookkeeping can help small businesses overcome these challenges by providing accurate financial statements, ensuring compliance with regulations, and giving them a competitive advantage. By investing in bookkeeping, small businesses in South Africa can improve their chances of success and contribute to the country’s economy.

Biznezz Hub Consulting We match our bookkeeping services to match your small business needs. We offer free consultation. do knock on our do or contact us through various platforms. Come find out how we can assist you in meeting your business goals.

The forbidden question of infertility

Posted on by Biznezz Hub Consultancy in Uncategorized

What is one question you hate to be asked? Explain.

I am a 43 year old woman married for 10 years. So what seams to be a normal question to ask a couple, can become a question from the forbidden fruit.

Like the majority of women, my plan was quite easy. Meet the love of my love, date, get married and have children.

This beautiful dream soon turned into a nightmare. Pretty soon friends family, acquaintances wanted to know.” Is anything brewing in the uterus yet?”

This question soon became my living nightmare. Hey you, ” Anything baking in the oven?” No matter how they swayed the forbidden fruit. Soon the hot topic for that evening became my uterus and my husbands sperm. Like we’re having a “how to bake a chocolate cake” conversation.

We would both be so uncomfortable like to teenagers caught in a naughty act. And you just can’t think of a catchy liner to throw them of your cent.

We properly were advised in porn style how to conceive. Step by step and the attention to detail the least expected in the room would tip us, left us naked, exposed yet we were fully dressed.

The forbidden fruit” when will you have babies?”, “Why are you not pregnant yet?”,”Are you doing it right?”, “Don’t you want to adopt?”, “Your not getting younger”.

Seeing my husbands sad and embarrassed expression on his face.After 4 IVF, which left us broke, and depressed, I got a one liner for the forbidden fruit.

We are working overtime on that issue. How’s your sex life going?. Don’t you wish you were me?.Hook, line and sinker.

From milkshake to Red wine

Posted on by Biznezz Hub Consultancy in Uncategorized

What is your favorite drink?

I have found through the years that my taste buds have changed either through how I have developed or out grown some experience throughout the years.

As a child my favourite drink was a strawberry milkshake. Thick and creamy, I still see myself sipping on that milkshake, making some weird sounds, as I came close to emptying that magical giant glass, filled with the most beautiful pink colorish sweet stuff.

Moving on to teens I guess somewhat rebellion. Somehow the bottle or can of Coke turned me on and made me feel more grown up. I drank it at lunchtime , supper time and even snack time. I loved me some with ice cubes, seeing the cold melting down the glass, it looked cool and tasted cool accompanied with a large bag of chips.

In my twenties, yeah alcohol became my favourite drink, but not just any alcohol drink. Brandy and coke. By now you have figured out I had quite a sweet tooth during the years. It only make sense I would fall for such an interesting male drink. Strong with a touch if sweetness, do get you into that party mood. It felt like me.

Then into my thirties, cocktails intrigued me. Just like the milkshakes in my childhood years, just lot more tipsy.It made me feel like a woman and sexy, plus I loved a cocktail which match my outfit or dress at that particular time.

Then in my 40s I found the ultimate drink. Sophisticated, classy and spicy. Yes, totally a u turn from what I was use to Red wine, preferably Shiraz, always aged 2 years from current date. Before I enjoy a glass, I decant it, and then enjoy a glass with a book, a bath or red meat, just to have that relaxing experience. Yeah I found my favorite drink, a good quality red wine.

Is hope defined by age?

Posted on by Biznezz Hub Consultancy in Affirmation, Growth Mindset, life, Technology, Uncategorized

Is there anything you feel too old to do anymore?

Ironic, when I was a child all I wanted to be was 16 years old. Go to the movies with my friends, hang out and talk about the latest fashion trends.Dreaming about the coolest dude in school asking me to the movies. Those were the teen days. I was full of energy, healthy as an ox, youthful, silky, glowing skin. No weight problems, eat what and how much I like my metabolism was like a heated oven burn all the unwanted fat automaticly.Can it be I feel to old to maintain my weight or maybe aging hS deteriorated my glory skin?

After 16, I wanted to what we call in South Africa matriculate, finish school. Be independent, change the world and rebel against society stereotyping.Become an accountant solve financial problems and just maybe flip the script. Then life hit me you need money to do that. Can it be I’m to old to fight the struggle of proving them wrong.Can it be I lost hope. You are they anyway?

After high-school I wanted to be 21 years old, and just maybe things might change for the better.Instead I went into survival mode.Into the rat race if working, payrolls and chasing my dream.Did aging make me loose hope or faith? Am I to old to hope ?

In my 30s I thoughts there was enough time, so I continued chasing the dream.Then my 40s hit me and I felt robbed by time. The dream I was busy chasing robbed me of years for me-time. So I made it but my perception of the dream was a misperception.Too late to turn around now. I guess I have to make it work. Am I too old to hope?

Hope is not defined by age, it’s determined by events, that can be positive or negative,traumatised or motivated. Is there anything I feel to old to do, yes and no. Yes, I am to old for childish games às I find myself time is valuable. No my soul is 16, 21, 30s, 40s as all those years teached me, about me. It does however require me to put more effort in some situations. If I feel to heavy, eat less or eat healthier.If I feel stiff I work out a bit more.I I feel drained rest a little bit. It’s called life, something I only learned in my 40s.

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Death versus tragic event

Posted on by Biznezz Hub Consultancy in Growth Mindset, life, Uncategorized

How does death change your perspective?

Death is the loss of life in this world we know or the transition to another realm which we don’t know. A tragic event is an unforseen situation which leaves you doing introspection and reflection to what you could have done better to prevent a tragic event.

Perspective is how you see or view something, and that inturn give rise to how you would act towards that specific situation in this case death.

Death to me dependant on the situation or how that individual lived their live brings forth a message of mercy or lesson learned.How a person died also convey a message to me of courage, mercy or ” you live by the knife, you die by the knife”

I guess my perspective towards death are influenced by the tragic event or situation of which death arose from. It could be an illness, violence, ignorance, act of courage ect., and so much more, that influence my perspective regarding death.

What is this thing called computer?

Posted on by Biznezz Hub Consultancy in Business management, Digital Marketing, Growth Mindset, Technology

Write about your first computer.

The first time I physically was introduced to a computer was, wait 1999. Four years after the first democratic election in South Africa. Being a woman of color in a country with a history of race discrimination named apartheid.

There I was first year in a college, with privilege kids, who probably was years ahead with technology.

I can recall walking into the computer class, feeling, scared, humiliated and intimidated. So afraid that my class mates would see, I don’t know how a computer works. So I sat at a desk obviously accompanied with a computer.I looked and stared at the computer in an unnoticeable way. Hoping the computer might somehow give me a clue of what it was.

Then somehow it waved a hint to me this round like flat knob at the bottom should be pressed to get me started. I sighed a relieve, got this thing started let’s see if it will give me some more hints. The lecturer noticed in what I thought was unnoticeable “I don’t know” behavior and asked me to come around to her class afterwards if I am interested to get some beginner computer basics training.

That was my first experience of and with a computer. If I were to tell the new age generation, I was 19 when I first saw a computer, they will probably think I am exaggerating a bit. In my defense the whole first time computer experience, to me at that time and thinking back still felt like this huge transformational bridge that I had to walk over, not look down to see the height, which will instigate only fear and visualize that the other side of the scary wobbly brigde is this new world with beautiful and wonder experiences, just waiting to be unraveled.

Leap of Faith

Posted on by Biznezz Hub Consultancy in Uncategorized

I come from humble, no I have a poverty background. This required me to find various ways of attempting to realize my dream.From working after school, part- time. To sponging of student loans, paying them off, and then working and applying for bursaries. This whole process to fulfill my dream took me 23 years.

Finally I obtained my Bcom degree. Then it hit me, I was so busy chasing the dream , I never stop during my 23 years took stock of my achievements and went for jobs I am qualified for. Now I have to apply for those big jobs as finally the degree is here.

I guess , I am afraid, that I will fail.

What’s the thing you’re most scared to do? What would it take to get you to do it?