Top tips & blogs

Securing Financing

A typical cry among entrepreneurs is the lack they have in accessing finance, often berating the difficulties they experience in securing the funding to either establish or grow their businesses. However, in pointing one finger elsewhere, the reality is there are three fingers that point back at you. Financiers have limited funding available; are either offered security that is not acceptable or not offered security in any format and are faced wi...
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10 things to consider when you’re thinking of buying a property

When it comes to the question of whether it is better to buy or rent your business premises, the phrase used most often by business experts is “it depends”. Jeremy Lang, Business Partners regional general manager, is no exception. It is an age-old question, he says, in which each business must grapple with its own unique needs and circumstances. He offers the following checklist to help business owners frame their thinking: Has your busines...
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10 things you need to know when you buy a franchise

The South African franchise industry presents a mind-boggling array of franchises, and every month more are added to this fast-growing sector. Wonderful choice, but the bling generated by each franchise’s aggressive marketing can be blinding to someone looking for a solid business opportunity. Fortunately, those prepared to work their way methodically through a number of basic steps will be able to cut through the clutter and find a franchise i...
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Entrepreneurial freedom comes with responsibility

One of the major reasons why entrepreneurs decide to start their own business is the freedom that this lifestyle offers. They want to take their own decisions and are prepared to take the consequences. Entrepreneurs are by nature risk takers and they realise that it may culminate in serious or negative results, but they always see the positive and remain forever optimistic. If the decision was the right one, the benefits and results offer a great...
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Ten financial management tips for tough times

Business Partners Limited data gathered over years of working with South Africa’s business owners tell a fascinating story about business survival. Figures compiled by Business Partners Limited regional general manager Anton Roelofse show that 34% of businesses failures are caused by poor financial management. Add to that the 12% that fail because of poor record keeping, and it becomes clear that almost half of all business failures could have ...
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2013: A lucky year ahead for those who work at it!

It is good that South African entrepreneurs are not a superstitious bunch; otherwise the 13 in 2013 may have cast a gloom over the year ahead, especially since it follows four extremely tough years since the start of the Great Recession and recent shocks such as Marikana. How could they possibly be superstitious? Over the years, South African entrepreneurs and business owner-managers have proven the idea of making their own luck. For, they have l...
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Ten tips for marketing your business

Marketing tends to be seen by many business owners as a soft function, one of the first spending areas to be cut when times are tough. But of course it is not only one of the most vital functions of a business, but, counter-intuitively, the slower the economy, the more your investment in your marketing effort needs to be. Fortunately, the investment does not have to be cash – you can cut your marketing budget provided you increase your marketin...
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Power of successful networking

Many entrepreneurs are highly skilled, technically knowledgeable and experienced. But, after dealing with entrepreneurs over many years there are two skills areas that are often lacking when it comes to managing a successful business: financial management and marketing. The financial management will be addressed another, day but today I will focus on one important aspect of marketing, and that is networking. In my view networking is nothing else...
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Crisis management: 5 tips for getting through an office pickle

Starting your own business will bring about some challenges; learning how to manage a crisis situation is a trait you’ll need to master quickly. Here are five tips to get through an office pickle. 1. Stay calm No matter what the crisis is you need to take a step back before you react and take a deeper look at the issue at hand. Reacting immediately could lead to even more issues – keep your cool, identify the issue and find the solution. 2. B...
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The role of the entrepreneur as a leader

A good entrepreneur understands that people are the most valuable asset that any institution has. So their happiness is an important cog in the wheel of success. An entrepreneur in a work place gets things done through his employees. A motivated team naturally takes the lead without being instructed. Motivating people is not an easy task, ensuring that people remain motivated is an even bigger challenge. This task is made almost impossible when p...
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