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The reality of having to start, run and grow a business can be daunting

14 June 2019 2:56 PM
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There's a great entrepreneurial spirit in South Africa and some exciting business ideas and FNB wants to help you thrive.

Running your own business can be very daunting. As a business owner, you need to not only start your business, then run it; you also need to make sure that it grows.

Sometimes the success or failure of a business can come down to how the business owner manages money, from income to expenses and the timing thereof.

Business owners need to understand when money is coming in, what their operating expenses are and when those payments are due… and even consider setting aside money to cover those business expenses and operational expenses such as VAT, provisional tax, salaries or capital expenditure.

When selecting an investment account it’s important to consider the interest rate the company will earn on that money, what kind of access is needed to the cash and the risk that a business is willing or able to take.

Consider FNB’s 48 Hour Cash Accelerator, earn a great rate, and get quick access to your savings.

FNB's Cash Intelligence Investment gives you a rate that competes with Money Market funds and it's linked to a published RMB Cash Intelligence Index.

Vaughan David, CEO of Business Savings and Cash Investments at FNB

All new clients can open and manage their investments on the FNB app.


This article first appeared on 702 : The reality of having to start, run and grow a business can be daunting


14 June 2019 2:56 PM
Tags:
Sponsored