Preparing Your Business for Your New Financial Year

Preparing Your Business for Your New Financial Year

It’s that time of year where many businesses in South Africa have entered a new financial year. As with 01 January, it marks the beginning of a fresh chapter, a time to set new goals and to navigate the challenges and opportunities that lie ahead.

Here are some tips to help you prepare your business for the year ahead and save money through careful planning.

1. Leverage Your Network

One of the most valuable resources at your disposal is your network. Reach out to your contacts and ask for their support. Whether it’s referrals, introductions to potential clients or valuable advice, tapping into your network can open up new opportunities for your business. As the saying goes, “It’s not just what you know, but who you know.” So don’t hesitate to leverage your connections to fuel your business growth.

2. Invest in the Right Tools

Investing in the right tools and technology can streamline your business operations and save you both time and money in the long run. Whether it’s project management software, accounting tools, or customer relationship management systems, investing in the right tools can help you work more efficiently and effectively. When considering these tools, don’t forget to include artificial intelligence. There are many AI tools on the market today that can save you a significant amount of time.

3. Focus on Cost-Effective Marketing

Marketing is key for the growth of any business, but it doesn’t have to break the bank. Look for cost-effective marketing strategies that deliver a high return on investment. This could include leveraging social media, content marketing or email marketing to reach your target audience without spending a fortune on traditional advertising channels. When you do consider your marketing strategy, the first step is to truly understand who your audience is. Once you do, you can build a strategy to speaks directly to them.

4. Save on Short-Term Business Insurance Costs

Protecting your business with insurance is essential, but it doesn’t have to cost you a fortune. By shopping around and finding a trusted broker with a solid track record, you can save on short-term business insurance costs while ensuring that your business has sufficient cover in place for those unexpected moments. Thousands of businesses across South Africa trust Kayser Baird Insurance for their various insurance needs, whatever they may be.

Be Protected

At Kayser Baird, we understand the importance of protecting your business while also managing your costs effectively. Our team of experienced brokers can help you find the right insurance solutions for your business at competitive rates. From property and liability insurance to professional indemnity and cyber insurance, we’ve got you covered.

As you prepare your business for the year ahead, let Kayser Baird be your trusted partner in managing risk and reducing costs. With our expertise and personalised service, you can have peace of mind knowing that your business is protected against the unexpected. Contact us today at 27 31 767 8000 to speak to an experienced member of the team, and leave your details here and we’ll give you a call back.

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Directions to Cape Town Office :

If you are coming from Cape Town CBD on the N1, take the Willie Van Schoor/Durban Road turn-off and then turn left at the intersection. When you get to Bill Bezuidenhout Avenue turn left, then carry on straight until you get to Carl Cronje Drive.

Turn right at the intersection and then immediately left into the Avanti Tower Office Block.

If you are coming from Paarl on the N1, take the Willie Van Schoor/Durban Road turn-off and then turn right at the intersection. When you get to Bill Bezuidenhout Avenue turn left, then carry on straight until you get to Carl Cronje Drive.

Turn right at the intersection and then immediately left into the Avanti Tower Office Block.

Directions to Durban Office:

If you are coming from Durban go up fields hill, past the Kloof Village Rd turn-off and then take the Abrey Road turn-off (exit 24) as if you are going to the Kloof Golf Course. When you get to the top of the glide-off turn left, left again into Lyngarth and when you get to the T-Junction at Abrey Road you will see our building on your left hand side.

Coming from Pmb / Hillcrest take the Abrey Road turn-off (exit 24), turn right over the M13 and turn left in Lyngarth. At the T-Junction at Abrey Road you will see our building on your left hand side.