Seasonality and your business
Why does seasonality affect your business? Seasonality in your business refers to regular and predicable changes in business activity at given times or periods. These changes or fluctuations can occur during the workday, week, month or seasons of the year. The most significant changes generally occur during the seasons of the year where there is […]
Business owners urged to prepare for upcoming ‘silly season’
With the festive season looming, entrepreneurs often get caught up in the rush and forget to step back and analyse how their business operates within this busy period of the year. According to Nimo Naidoo, project manager of the Sanlam / Business Partners Entrepreneur of the Year Competition®, the festive season can be one of […]
Some questions on financial challenges in business answered
What documents do financiers require when considering my application for business finance? The information required varies between financial institutions. If the decision hinges on security, then a brief business background, financial needs, security details and financial information will suffice. If it is based on viability, then this will be the focus. The investor wants to […]
2012 Sanlam / Business Partners Entrepreneur of the Year® winner named
After months of searching and assessing, the 2012 Sanlam / Business Partners Entrepreneur of the Year® competition winners were announced at an awards ceremony held on Thursday, 6 September in Johannesburg. The overall Entrepreneur of the Year® Winner for 2012 is William Duk of The Plantation Shutter Co. (Pty) Ltd, a business that designs, manufactures […]
Entrepreneurship challenges
The failure rate of start-ups is exceptionally high – why do these businesses fail? It is a known fact that the main reason for business failures is management related. It is often intelligent, honest, hard working people that fail. They either do not have the typical entrepreneurial traits required to make a success, or they […]
SA’s top entrepreneurial competition finalists revealed
The 22 finalists of South Africa’s premier entrepreneurial platform, the 2012 Sanlam / Business Partners Entrepreneur of the Year® competition, have been announced. According to Nimo Naidoo, project manager of the 2012 Sanlam / Business Partners Entrepreneur of the Year® competition, this year has set a benchmark in terms of celebrating entrepreneurial excellence in the […]
More cash flow questions answered
Why are many businesses’ cash flow issues aggravated as a result of tax contributions? If you are liable to make your second provisional tax payment at year end then it means that you made a taxable profit and should also have the cash available to pay the income tax on that profit, but often businesses […]
Exciting times ahead for competition entrants
Entries into the 2012 Sanlam / Business Partners Entrepreneur of the Year® competition have officially closed and we are fast approaching the awards breakfast where the overall Entrepreneur of the Year® for 2012 will be crowned. The entry forms and preparation packs submitted by the various entrepreneurs are now on the way to the competition […]
Q&A with Mmabatho Mokiti
Youth Month is celebrated annually throughout the month of June. Not only does this month coincide with the historically significant Youth Day, but represents the government’s commitment to confronting youth unemployment in South Africa. In order to counteract the increasing levels of youth unemployment, it is crucial to communicate and promote entrepreneurship as an attractive […]
Cash flow FAQ
How can entrepreneurs effectively manage and plan their cash flow close to financial year end? Cash flow is often glibly used as a general term even when you have not done the basics right. The basics are to manage all your current assets and liabilities with a tight reign. This simply means that your stock […]