Is it riskier than ever to start a business?
As 2016 nears an end many begin to re-evaluate the year that was, both personally and professionally. As a result this is typically the time of the year new life and professional goals are developed. This is also characteristically a time when hopeful entrepreneurs consider whether the approaching year is the correct time to pursue […]
Financial advice from entrepreneurs for entrepreneurs
The 2016 Entrepreneur of the Year® winners share the best financial advice they have ever received. Given the current challenging economic climate with South Africa’s GDP growth expected to remain flat at 0.1% for the year according to the International Monetary Fund (IMF), it is becoming increasingly difficult for entrepreneurs to ensure the financial sustainability […]
It’s time to prepare for the second half
For a spectator of a game of football, the half-time break is merely a chance to stock up on some beer, but for the captains, the coaches and the players, it is a crucial few minutes of reviewing and tweaking their game plan. In a similar way, businesses that do not use some time in […]
Your business is your economy
By Jannie Rossouw Head: Sanlam Business Market When I looked at the typical “hassle map” of a business owner, it dawned on me that we tend to focus on the things that we cannot control or have little control over. Here is a list of things we do have control over: My attitude: Do I […]
When entrepreneurship runs in the genes
With a family history of entrepreneurship running through his veins, it is no wonder that 24-year-old Taahir Isaacs is taking his own company to new heights, and aims to create job opportunities for more and more South Africans. Today, Isaacs’ group of companies – the Breadcumb Group – consists of: Breadcrumb Tech, Made in Salt […]
Five common mistakes to avoid when buying a property
When things go wrong in commercial property investment they can really go badly wrong, because the consequences are often counted in millions or rands. Owen Holland, Business Partners Limited (BUSINESS/PARTNERS) national asset manager: properties, lists five common mistakes made in commercial property investments. Before you venture into your next commercial property deal, says Holland, it […]
Scaling up your business: When is it the right time to expand?
The urge to convert and scale up a small business to a medium to large enterprise is one of the most common goals among business owners. However, contrary to popular belief, scaling up a business is not just a goal for most entrepreneurs, but also a necessary step to running a business successfully. This is […]
Why financials are important even to non-financially savvy business owners
By Jannie Rossouw Head: Sanlam Business Market Many business owners manage the finances of their businesses by means of their bank account. This is a risky practice as the bank account does not provide a true reflection of the real cash flow status of the business. Here are four actions you can consider applying in […]
Are you thinking of scaling your business?
We discuss when it is the right time to do so By Christo Botes Executive director at BUSINESS/PARTNERS and spokesperson for the 2016 Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS The urge to convert and scale up a small business to a medium to large enterprise is one of the most common […]
No business is too small for a proper budget
Many business owners mistakenly think their operation is too small for a formal budgeting process. The budget (of sorts) that many business owners keep inside their heads is often more like a basic recipe, and is usually inadequate to deal with the constant change that every business is subject to. This is according to Jeremy […]