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.
There is no shortage of advice on how to successfully start a business and begin your journey as an entrepreneur. While this advice is helpful, it can give the false impression that there is a "perfect" formula for starting a business, which doesn't exist. Every entrepreneur will experience different entrepreneurial journeys. There is no "one size fits all". Here are 10 uncommon tips for starting a business that you may not have heard 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. Here is everything small business owners need to know.
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. Once we have a crystal clear and factually-based perspective on this, we can determine if our products and services are meeting the identified needs and wants of our target market. Here are some tips to help you meet the expectations of your identified target market.
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.
Of Course You Can! is a practical guide to starting and managing your own successful business in South Africa, written by Brian Adams. The book covers terminology; swot analysis; taking your idea to market; image and branding; banking and finance; statutory returns; working from home; and so much more. The book also provides notes pages, as well as space to complete self-assessments on some of the material.
Goal-setting is crucial to the success of any business, but is particularly important for entrepreneurs who can become distracted without focus. Goals direct actions, give you something to aim for, and can serve as a yardstick for measuring your business' success. The way you approach goal-setting will determine whether you are able to attain your goals. That said, if you tend to avoid goal-setting, these tips should help.
South Africa is recognising the importance SMEs play in the local economy
To inspire motivation and productivity in our businesses, we need to connect to the right aspirations and the right people – in the right way. As individuals we have 3 critical connectors. As business leaders we have 3 platforms on which to connect effectively for sound business structuring and growth. This article looks at how you can leverage these 3 connectors and 3 platforms to structure and grow your business.
Perform a simple exercise every month that will help you make the best of your business. The 5 Step Plan involves 5 easy and simple steps that you must commit yourself to execute every month, to improve your business. You don’t need a consultant or a business analyst to do this for you – nobody can do it better than yourself – nobody knows your business better than yourself! Call it your monthly strategic planning session. Here's how to get started.
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.
There is no getting around it: the traditional models of the past have no place in today’s fast-paced business environment. Those careerists at the top who expect to remain in those positions until retirement are deluding themselves. Unless you are prepared to recognise change and take the necessary steps to embrace it, you will very soon find yourself out in the cold. The last thing an employer wants is for staff to leave, so it is important that change is managed properly. Here are some handy pointers for overseeing the reform process.
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.