In business, it is important to focus on the things you can control rather than what is out of your hands. This article outlines the aspects that, as a business owners, you have control over and should therefore focus on, as well as the aspects you have no control over and should not disrupt your day-to-day business.
Most, if not all, entrepreneurs have heard a variation of the statement "75% of start-ups fail within the first year". While this statement is often altered and taken out of context, the fact is that failure within the first year of business isn very likely for many start-ups. These 10 tips will help you better prepare for and navigate the start-up journey.
Most aspirational or established entrepreneurs will know that there is no shortage of "How To" articles that reiterate the same business tips for starting a business and succeeding as an entrepreneur. This is not one of those articles. This article looks at 10 uncommon business tips that entrepreneurs probably have not come across before.
This article explores how to ensure that your employees stay on top of their game. In doing so, it looks at three tips for success as an SME manager, namely giving feedback, motivating your team, and remembering your employees are individuals first.
No matter how good you are at running your business, you can do better. As a small business owner, you have to be pretty hands-on when it comes to the day-to-day handling of the company, which means you always need to be at the top of your game. This is the year you’re going to do that.
One thing which is uniting a diverse South Africa is our mutual disdain for loadshedding. The situation is annoying enough for individuals, but for your business it can be more than just an inconvenience. This article discusses how to make sure your business is not disrupted or that you have a contingency plan.
Bad writing can have numerous negative effects on your business. Every piece of communication you send out says something about you; it speaks to your professionalism and the amount of effort which you put into everything you do. This article therefore explores the impact of and how to improve your business writing.
There is something to be said for making the time to investigate, evaluate and think about some critical elements impacting on the success of our businesses. These elements include service experience, business premises, staff, and the business image, which are discussed in this article.
Successful organisations learn from their experiences, be it good or bad. Getting it right the first time is not always the outcome, although it is the ultimate intended outcome. This article touches on how to run your small business efficiently.
As a business owner, the start of a new year is often an exciting time. Hopefully you have had the opportunity to reflect on the successes and learnings of the year gone by and feel re-energised to make the current year your best year yet. This article provides tips on how to make a success of this financial year.
When starting and running a business, planning for the future (and multiple eventualities) is necessary to ensure the initial and continued success of your business. Continuous business planning therefore is advisable and widely-considered to be non-negotiable. This article focuses on navigating resource allocation in particular.
Owning and running a small business is an impressive feat. For some, however, reaching this point can be difficult and confusing. You might not be sure of your business concept or you might still be figuring out how to manage your finances. But, if you follow these simple tricks and tips, you will become the success you have always dreamed of.
As the end of the financial or business year approaches, it is a good idea and the ideal time to reflect on your business' finances and see what worked and what could have been done differently. This reflection will allow you to create resolutions for your business, to get it ready for the new year.
A good flow of customers is essential in any business, but this is often one of the aspects of your business you struggle with most. It sometimes seems that you never have enough customers, notwithstanding all your efforts to increase sales. This article looks at how to grow your customer base.
Many businesses have failed, and then succeeded, but it takes a smart entrepreneur to see the faults first and then implement a new strategy.
On the 21st of February 2018, the former Minister of Finance Malusi Gigaba delivered the 2018/2019 national budget speech. The article looks briefly at the key highlights of the 2018 National Budget speech, and provides links to the full speech, tax guide, and a comprehensive summary of the budget speech highlights to allow for a more in-depth analysis of the speech.
As an entrepreneur, small business owner, or manager, time is something you rarely have in great supply. Your time is taken up by all sorts of tasks on your to-do list, ranging from admin, to employee management, to business operations, and there are still fires needing to be put out regularly. Days often go by without you getting everything on your list done. Clearly, you need more time, and automating mundane tasks in your business can make this possible while also making your business more efficient.
Without employees, a business will not succeed. As a business owner, one of the most critical aspects of your role is, therefore, is to ensure your employees not only have what the need to do their jobs well, but are also sufficiently motivated to do and find satisfaction in the work that they do. Employee management is a multi-faceted and on-going task. This article explores one of those facets by looking at how introducing digital technology (and creating a digital workplace) leads to more motivated and satisfied employees.
Running a small law firm can be difficult work. You have to ensure it is running smoothly at all times and that your clients are happy with your service. This can take a toll if you are also managing your own administrative duties as well as collecting documents. This article outlines the simple steps you can use to grow your small law firm.
In most cases, one service station is almost exactly the same as another. Everyone sells fuel. Everyone sells cold drinks and chips and magazines and juice and chocolates. Everyone sells airtime and has an ATM. Everyone has forecourt attendants and cashiers and food handlers providing relatively good service. So why would a customer deliberately drive to your service station and not go to one of your competitors? What would increase one site's capture rate above another?
There will inevitably come a time (or many) in your entrepreneurial journey when you begin to consider or actively try to grow your business. This time often occurs at a point where you may not have the financial resources to grow your business according to the plan you identified. However, that should not stop you from doing it anyway. These 8 tips will help you achieve business growth at a fraction of the cost.
Before we can meet and exceed the expectations of our clients, we first have to determine and re-examine what their real needs are.
Realising the goals you have set for your business
Relocating your business is never a move to take lightly. Here are a few tips
Sometimes changing focus can be just what your business needs.
The simpler your business plan, the better your results.
A practical guide to starting and managing your own successful business in South Africa - Book review: Of Course you Can, Brian Adams
Goal-setting is crucial to any business's success. Review this article to help you set short-term and long-term business goals and successfully achieve them.
South Africa is recognising the importance SMEs play in the local economy
Hints and tips for improving one's business
Technology has changed the business landscape and the ways in which customers prefer to access and consume products as well as interact and engage with businesses. In this digital age, embracing great online tools and apps can really transform your small business in many ways. This article lists some of the digital tools you can use to remain competitive.
HR can make or break your business. However, small, micro, and medium enterprises (SMMEs) often wait for something to go wrong before they consult an HR specialist. Putting a few basic policies and procedures in place from the outset could save you both time and anxiety. This article looks at tips to help you handle all things HR-related in your business.
It's important to think through decisions before making an long term commitments.
Township Entrepreneurship offers an invaluable opportunity and avenue of entry into a sector that has historically been largely inaccessible to historically-marginalised people. This article explores how to never miss an opportunity to close a sale as a township entrepreneur.
Tips from a successful business owner
Much can be done to enable the success of your business, even in tough economic times.
Not sure why you need to be a good communicator? Well, being a manager means that you have to do more than, well, manage people. You need to be able to communicate clearly and build a relationship with your colleagues and employees. If you do not improve your interpersonal and communication skills, you might find that your employees are unable to speak to you about issues they might be facing. Outlined in this article are just some of the reasons why communication is important to management.