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Do you have a will?
Death is one of those inevitable life occurrences that affect everyone yet still catches one off guard. In the event of the passing of a loved one, having a will in place provides certainty, security, and clarity of who should be the beneficiaries of your estate. It could be so that you already have a will, but when last was it revised? It is critical to update it regularly, especially after a significant life event such...
Read MoreCreative CFO Launches New Investment Vehicle to Back High-Growth Small and Medium-Sized Business in South Africa
Cape Town, South Africa Business advisory firm Creative CFO has recently launched Creative Growth Capital, its very own investment vehicle to meet the high demand for flexible funding solutions that are better geared toward SME business models. Creative CFO has coupled its longstanding expertise in working with SMEs with making flexible investment capital available to SMEs to unlock sustainable growth opportunities and consequently create a positive and measurable impact in more communities in South Africa. Creative Growth...
Read MoreEuropean vs South African Valuations – A Triple Edged Sword
For South African business owners, the economic stability of Europe coupled with business-friendly legislation makes the continent a desirable place for expansion. While these factors are attractive, access to financing and the potential for lucrative upside when exiting a business are the real drawcards. We recently performed a valuation exercise for a client who intends to swap shares in a successful South African application software company for those of a similar company in the Netherlands. While...
Read MoreFinancial Modelling for Business Lift Off
When the ground starts to shake around Cape Canaveral, it is a matter of seconds before a rocket is launched and begins its journey into space. But leading up to this moment there have been months, if not years, of preparation and planning for every eventuality. Countless inputs are considered and risks mitigated by modelling various potential scenarios. Without these meticulous processes, a mission is destined for failure. Like launching a rocket into space, a business...
Read MoreFinancial Due Diligence in a post-Covid world
In the world today, a cautious sense of relief is beginning to take hold as vaccines are increasingly being rolled out and the scourge of Covid-19 starts to take a back seat in the international news media. The world we are starting to imagine for the future can justifiably be dubbed, ‘post-Covid’. As anyone in the professional world will be able to attest, the pandemic has fundamentally changed the environment in which we do business. This,...
Read MoreBirkenstock’s Billions: Getting Comfortable with Business Valuations
In an office-based work environment, smart shoes are essential. However, as the recent pandemic has shifted meetings from board rooms to video calls the need for formal attire has become limited to clothing seen from the waist up. This, in turn, has caused the demand for comfortable shoes to climb through the roof, while the need for formal footwear, like stiletto heels, has dropped sharply - pun intended. The German footwear brand, Birkenstock, was ready for...
Read MoreUnlocking the secrets of becoming investment ready
Let’s say your business finds itself in a position where an investor has shown an interest in injecting cash into your company. Whether this investment comes in the form of equity or as a loan to be repaid, the investor will usually want to see specific information about your business. At this point, the investor will start using technical terms and sometimes they might seem to be speaking a different language. Essentially, the investor wants to...
Read MoreFinancing your Company’s Growth – Ask us how to take your business to the next level
So you've been thinking about growing your business and you're full of ideas. But then you start to think about financing that growth and the glow of enthusiasm dulls as the questions form in your mind. How much financing do you need? How do you get it? From where? Financing always seems to come with mountains of paperwork, which doesn’t appeal to many business owners. But there is an easier way, which involves getting Creative CFO...
Read MoreAre you Investment Ready?
Introduction For many business owners, their business is an accumulation of enormous efforts over a lengthy period of time: a schooling career, tertiary education, mentorship, saying no to many social get-togethers, hard work, mistakes, parting ways with savings, more hard work. The list is endless. Given the sacrifices made in building a business, it is no surprise that deciding to expose it to potential investors, is an emotional rollercoaster. And while one might assume that seeking investment...
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