Archive for Business Practices

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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CURBING A GLOBAL PHENOMENON

CURBING A GLOBAL PHENOMENON

By: Anton van Heerden To create a sustainable business and prevent economic crimes such as fraud, the best place to start is to understand the human psyche. Believing that a person capable of crime can be stereotyped is probably the first mistake. Typically, most small…

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SUCCESSFUL SUCCESSION

SUCCESSFUL SUCCESSION

By: Louise Le Riche Traditionally, family-owned firms were handed on to the oldest son in the family. A more modern and realistic approach, however, is to hand over the control to the most suitably qualified person in the family or, in the absence of such…

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EMPLOYMENT EQUITY IN THE WORK PLACE

EMPLOYMENT EQUITY IN THE WORK PLACE

By: Nkosinathi Buthelezi Why employment equity South Africa has a legacy of discrimination in relation to race, gender and disability. The legacy saw access to opportunities denied in relation to education, employment, promotion and wealth creation to the majority of South Africans. The Employment Equity…

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CAN YOU JUST SAY “NO”?

CAN YOU JUST SAY “NO”?

By: Claire Stewart We’re living in tough economic times. Big businesses are retrenching and some firms are even going under. SMEs are also battling, business is slow, sales are down and cash-flow is tight. Companies big and small are searching for ways to cut costs…

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SMART BOSSES

SMART BOSSES

By: BRETT TROMP I once heard a line of leadership advice that seemed so counter-intuitive in theory, and yet produced such brilliant results in practice, that I never forgot it. I was told: “Always be smart enough to hire people brighter than yourself.” At first,…

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MANAGING YOUR BUSINESS BANK ACCOUNT

MANAGING YOUR BUSINESS BANK ACCOUNT

The next logical step after properly registering your business is to open up a bank account in the new company’s name. Remember you are now a totally separate entity from your business and as such you cannot (and should not) mix the monies of the…

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PUT SYSTEMS IN PLACE

PUT SYSTEMS IN PLACE

Having proper policies, procedures and processes in our business lives is essential. They are critical to ensure that your business remains sustainable irrespective of whether you are a one-man show, have staff or stock or company cars, or sell products or services. There are many…

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GIVING EMPLOYEES FEEDBACK

GIVING EMPLOYEES FEEDBACK

Recruitment and selection is not an exact science. Even when it provides exactly the right candidate for a job, it is only the starting point in the process of ensuring that a person performs to the best of their abilities. Managing the performance of people…

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