Do you have an effective cash management plan in place ahead of the coming Easter holidays to mitigate potential risks at a time when increased spending by consumers is likely to result in higher turnover?
“You don’t want to take risks during the April and May public holidays, which is a very lucrative but stressful time of the year for many businesses, particularly those in the retail segment,” says Ravi Govender, Head of Small Enterprises at Standard Bank.
Ask your bank about comprehensive insurance against possible theft of your cash and processing and deposit services. And be mindful these tips from Standard Bank for your cash management safety: