Stay relevant to stay in business

The way you run your business is often based on what you believe made it a success in the first place. Your plan of action is based on the credence that what worked in the past will work in the future. As long as this philosophy works its fine, but to what extent does is actually work? When I visit entrepreneurs and start asking questions about their business model, how long they have been in business and why they think their business is still...
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Growing your business

If your business is established, you already know the ins and outs of your business environment. However, with market trends changing as often as they do, it is important to stay abreast with these changes and keep your options open. With the SME environment becoming increasingly competitive, it's important to keep an eye out for new opportunities and possibilities. If expanding your business is something you want to explore, here are some tip...
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It’s time to prepare for the second half

For a spectator of a game of football, the half-time break is merely a chance to stock up on some beer, but for the captains, the coaches and the players, it is a crucial few minutes of reviewing and tweaking their game plan. In a similar way, businesses that do not use some time in the middle of the year to reflect and plan are running the risk of losing the game, says David Morobe, regional general manager of Business Partners. The questions a...
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Avoiding the pitfalls of an uncertain business world

As Youth Month comes and goes every year, the lamentations over South Africa's high youth unemployment reach a crescendo, together with calls on young people to start their own businesses. But somehow not enough is ever said about the serious survival gear needed by anyone venturing into their own business. The business world is an uncertain place, says Byron Jeacocks, Business Partners regional general manager, who, as an experienced financier ...
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Real cost of absenteeism in SA’s workplace

Absenteeism, an employee’s intentional or habitual absence from the workplace, is a growing issue for many South African businesses due to the knock-on effect it creates for productivity, staff morale and a company’s bottom line. According to Christo Botes, Executive Director of Business Partners Limited, while the impact on larger corporations can be significant, the consequence of regular absenteeism for small and medium enterprises (SMEs) ...
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