FOUR REASONS WHY BUSINESSES FAIL

FOUR REASONS WHY BUSINESSES FAIL

Businesses that are managed properly usually have contingency plans in place to get through difficult times. Poor management is often the reason businesses fail. Here Robyn Hey of HWD Attorneys and Thomas van Zyl, an Insolvency Practitioner at Mazars, share some common mistakes and useful…

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49 YEARS OF ENTREPRENEURIAL SUCCESS

49 YEARS OF ENTREPRENEURIAL SUCCESS

Forty-nine years ago, founder of Pick n Pay Raymond Ackerman took a bold step. He’d just been fired from his job and was walking around Zoo Lake in Johannesburg wondering what he was going to say to his wife when he got home. The young…

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WRITE A BANKABLE BUSINESS PLAN

WRITE A BANKABLE BUSINESS PLAN

By Barry Wiseman. Time and effort must be spent determining the viability of the business before you start on a business plan. To determine its viability ask: Is there a need for your product or service? What makes it different from all the other offerings…

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TIGHTEN YOUR BELT

TIGHTEN YOUR BELT

By Bonita de Wet Building the business of the future means ditching an “open chequebook” approach in favour of a money-saving approach to boost your business’s bottom line. Here are a few tips to help you make some significant savings and move your business forward….

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SET AND ACHIEVE GOALS

SET AND ACHIEVE GOALS

By Ellen Jackson. Some days I’m bursting with enthusiasm and motivation, ticking actions off my list as I power my way through each item. Other days I’m listless, bored and lacking the get up and go to get anywhere. These are the days on which…

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IN A RECESSION PUT EVERYONE LN MARKETING

IN A RECESSION PUT EVERYONE LN MARKETING

By: Rosabeth Moss Kanter. In a recession, everyone should be in marketing. Motivated employees contribute to creative thinking that can help retain current customers and identify new ones. Here are five suggestions: Increase customer contact Financial turbulence sometimes leads managers to over- emphasise pleasing banks…

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STRATEGIES FOR CASH FLOW

STRATEGIES FOR CASH FLOW

Your Business. One of the major challenges facing small and medium-sized enterprises (SMEs) in South Africa, is cash flow due to increased debtors and bad debt. The survey showed that to some extent, small businesses rely on banks to meet their cash flow requirements, with…

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TO CATCH A THEIF

TO CATCH A THEIF

For business owners, identifying payroll fraud and then being able to collect the necessary evidence to be able to stop this from continuing is about putting checks and measures in place… One of the biggest tips for small business owners is to become suspicious if…

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Handling instant dismissals

Handling instant dismissals

By Rob Rankin. Employees can have their services terminated as a result of: Misconduct Incapacity The operational requirements of the business In all these cases, an employer must follow fair procedures otherwise the dismissal will be regarded unfair. Misconduct Every small business should draw up…

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DIRECTOR’S DUTIES: WHAT IS EXPECTED?

DIRECTOR’S DUTIES: WHAT IS EXPECTED?

The new Companies Act, 2008 (the Act), which came into effect on May 1, 2011, has to a certain extent codified the duties of directors and sets out these duties in order to achieve maximum accountability. As a director you need to be aware of…

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