Make talent mobility work for your business
In today’s dynamic business environment, the need to adapt and keep up with client demands, changing market conditions, technology innovation, and increased globalisation, makes it imperative that companies proactively create a responsive workforce. This is where talent mobility comes into play. A talent mobility strategy enables high-performing employees to move around your organisation by strategically […]
Stop accepting excuses, start seeing results
Nobody loves an excuse. It’s even worse when it’s blatantly obvious that the task you assigned to one of your employees was completely overlooked, unprioritised, and left to the last minute, causing a bottleneck or customer dissatisfaction on the other end. So, it comes as a surprise, then, to see that there are still business owners and managers that allow excuses to flourish in the workplace, which […]
How to future-proof your business before the next crisis
While the possibility of a global pandemic was always at the back of our minds, its emergence still managed to catch us off-guard and wreaked havoc on every aspect of our lives, particularly the world of work. Therefore, it’s safe to say that Covid-19 has been a wake-up call for organisations to rethink their priorities […]
Business-to-business agreements: The questions you need to ask
Your business success relies on your interaction with clients/customers and other businesses. Your profit is directly proportional to the behaviour of these external role-players. Dealing with individual clients/customers does come with some risk – especially if you offer a line of credit. However, your agreements with other businesses, in which greater risk and sums are applicable, you cannot afford to take a wrong […]
What’s the buzz about business rescue?
If a company/close corporation is in financial trouble and all possible avenues to save the business have been exhausted, there is one last option available to save the business: it can lodge an application for business rescue at the CIPC. In order to qualify for business rescue proceedings, the business must satisfy the requirements as […]
What options do businesses have when facing financial crisis?
South Africa has been experiencing very slow economic growth and international rating agencies have subsequently downgraded South Africa’s investment outlook to “junk status”. This, and a myriad of other factors, have negatively impacted South African businesses, especially small and medium business enterprises. Many of these struggling enterprises are now at a crossroads: do they continue […]
Take the plunge and start the business you’ve always wanted
With many businesses becoming casualties of the Coronavirus pandemic in the last few months, there are gaps opening up in the market for goods and services that were found in abundance before the pandemic started. Discovering these sweet spots in the market and capitalising on new business opportunities are not that easy, though. You might be considering starting a new business or investing in commercial property […]
How doubt can be an invaluable business asset
Before the digital age, information used to be scarce and came at a cost as print was the best way of sharing information non-verbally. With the rise of digital technology, sharing information came more easily and has become inexpensive (when there is a cost at all), meaning anyone can take advantage of digital media. Because […]
Relief for low-income South Africans
Microfinance versus financial inclusion In order to define ‘financial inclusion’, its relationship with microfinance must first be understood. Microfinance is a financial service offered by financial institutions, such as banks, to low-income individuals, households and businesses. The financial institutions aim to grant such persons the opportunity to access financial services, which is an opportunity they […]
Why you need new business policies before July 2021
Since the POPI Act came into effect on the 1st of July 2020, many businesses have had to rethink the way that they use and store information of individuals. In some ways, it may place a burden on some small business who have been using the same tactics for years to engage with clients and potential clients. […]