Is your business covered for loss of income?
It’s all well and good being paid out for your assets, but what about the foregone earnings in the meantime? Small business owners who have a short-term commercial insurance policy are often not aware that they may not be covered for the loss of income, under a standard commercial policy. Although a standard short-term insurance […]
Starting a business in South Africa: Legal requirements and the Companies Act
Starting a business takes careful planning and involves compliance with certain legal requirements. It is important to understand the relevant regulations and legal requirements to be complied with, so you can make sure you do what is best for the business you are starting. The Companies Act is the primary legislation governing a company and […]
How a data-driven culture can transform your business
In today’s digital era, data has become an essential resource for businesses to grow and thrive in a competitive market. But not all companies are taking advantage of this opportunity. In fact, many organisations are still struggling to understand how they can benefit from their data assets and use them effectively to improve their performance. […]
Finding someone to step into your shoes: Succession planning for your business
The Eskom crisis demonstrates again the importance of proper succession planning IoDSA. The current crisis at Eskom has a number of governance lessons for South Africa one of which is the vital importance of proper succession planning for key senior positions. The imminent departure of both the chief executive (CEO) and chief operating officers (COO) […]
Why Your Business Should Place an Emphasis on Building Relationships
Every business in the world sells something. They sell goods or services in order to address a need or desire of a consumer, and to achieve a profit in the process (at the very least only to ensure its sustainability). Before the introduction of many modern technologies (the internet specifically), focussing solely on quality goods or services in order to make profit was the common thing to do. Business owners could often […]
Het Afrikaans nog ’n plek in besigheid?
Globalisering is ’n onvermybare nagevolg van ’n tegnologiese-gedrewe wêreld waar die beperkings van tyd en plek minder en minder begin saak maak. Dit wil voorkom dat die wêreldwye Covid-19 pandemie verdere globalisering tot gevolg gehad het weens die internasionale inspanning om die virus finaal te oorwin. Tussendeur die globalisering, het Afrikaans nog ’n plek in besigheid, of […]
How to save your business with better cash flow management
Are you sitting down? Let us share a frightening statistic with you. In a report published by FinFind in November 2020, it was found that 42.7% of small businesses in South Africa were forced to shut down during the first 5 full months of the lockdown. The research data was comprised in a survey of 1489 businesses across all main sectors of the economy, and so must […]
The traditional office is dying, what’s next?
Let’s face it, in a post-pandemic world, the traditional office is in danger. Commuting hours to work just to go sit at a desk with, relatively speaking, a bunch of other strangers breathing the same air no longer sounds like a desirable thing to do (sorry extroverts). Especially with the digital age in which most of our work is done through files stored in the cloud and […]
Do I still need to pay my debt after all this time?
What is prescription? As a general rule, prescription occurs when a debtor’s liability to pay a specific debt is extinguished as a result of the passing of a prescribed time period. As soon as a debt prescribes, a debtor is no longer under any obligation to pay it. It is still legal for the creditor to demand payment or even sue for a […]
Are your efforts to gain customers making you lose them?
There is a little tip to the success of every business that many people disregard: Customers are vital to the success of your business. Of course, you knew that already. But converting leads into sales is just one part in the grand puzzle of sustainability in your business. Take a moment to think about your business and its clients, and ask yourself the […]