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SMEs urged to diversify their ‘eggs’
As the old saying goes, 'do not put all your eggs in one basket', the same principle applies to small business owners that want to get the most out of their savings, while minimizing investment risks. Elize Giese, Head of Investments at FNB Business says when investing business profits it is important for SMEs to have a diversified portfolio as a way of managing risks. "Diversifying simply refers to limiting risks by spreading a company's investments across different instruments and … [Read more...] about SMEs urged to diversify their ‘eggs’
Use festive season profits wisely
Given the current tough economic conditions locally and the highly uncertain business environment, SMEs should fully capitalise on the opportunities presented by the busy festive period by saving and investing profits wisely. Similarly, business owners that are less busy should avoid shutting down and going on holiday early, but rather use the quiet period to review their business plans and adequately prepare for the months ahead. Elize Giese, Head of Business Investments at FNB says … [Read more...] about Use festive season profits wisely




