October 24, 2022

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 policy can assist SMEs to replace, repair or reinstate various assets following a loss, it does not provide cover against the loss of income as a result of a business being non-operational or not being able to provide a service following a covered loss. Business […]
June 8, 2022

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. Data-driven culture: what does it mean? A data-driven culture refers to an organisational culture where all employees are encouraged to use data to make decisions that will help improve their performance, as well as their company’s performance as a whole. It’s about using data analytics […]
May 12, 2022

Handelsmerke: Om te registreer of nie te registreer nie

Ons het al almal daardie klein handelsmerksimbole, die klein ® en ™, langs die handelsname en logo’s gesien wat ons in ons daaglikse lewens verwelkom het. Maar hoekom is daar twéé simbole waar ‘n enkele een sou kon werk? Die antwoord is eintlik baie eenvoudiger as wat jy dalk dink. Om iets uniek te skep, neem tyd en passie, en vereis dikwels dat ‘n mens ‘n paar keer terug gaan na die tekenbord. Dit maak dus net sin dat jy die unieke aspekte van jou besigheid, handelsmerk of produk wil beskerm. En as ‘n sakevaardige individu, wéét jy, jy kan […]
April 7, 2022

Keeping things fair in the business race

The purpose of the Competition Act 89 of 1998(“the Act”) is to promote the efficiency, adaptability, and development of the economy, and to ensure that small and medium-sized enterprises have equitable opportunities. Certain practices, including restrictive horizontal practices, restrictive vertical practices, and abuse of dominance, are prohibited in terms of the Competition Act. The Competition Act 89 of 1998 (“the Act”) was enacted to promote and maintain competition in South Africa, to ensure that small and medium-sized enterprises have an equitable opportunity to participate in the economy and to promote a greater spread of ownership, particularly amongst historically disadvantaged persons. […]
March 9, 2022

How to avoid exhausting your human resources

Everyone handles life’s pressures differently, which is no exception at the workplace. Some job-related stress may be unavoidable, such as leading a meeting for the first time, pitching new ideas to a client, or handling a difficult customer. However, as an employer, you might unintentionally contribute to your employees’ stress by overworking them, resulting in low staff morale, poor performances, fatigue, and more serious health issues. Unfortunately, many companies overlook these telling signs and act surprised when workers perform poorly due to exhaustion. If you want to avoid burnout among your staff and create an overall happier work environment, here are […]
March 9, 2022

What to do if you suspect credit card fraud

Anyone who’s ever had the misfortune to fall prey to credit card fraud, knows that it’s a huge hassle. If you’re running a business, you should be aware that your business may be at an even greater risk of having its financial data compromised, which can have much more serious implications compared to that of an individual consumer. Unfortunately, even the most diligent business owner can become a victim. When illegal credit card transactions are performed, it is you who suffer the consequences. Not only do you have to foot the bill, but you also have to deal with the […]
January 26, 2022

Do actions speak louder than words in the business world?

It’s one thing to claim your company is customer-orientated, but talk can be cheap regarding what matters most to your business. The businesses that serve their customers effectively don’t proclaim it on bold billboards; they prove it through offering efficient advice, paying consistent attention to detail, and delivering long-term quality results. These tangible actions create returning customers, leading to a healthy growing business. Whether you’re in the retail, financial, service, or medical industry, you’ll want to make a memorable impression on each customer passing through your doors. By implementing the following practices, you’ll be able to take your business to […]
January 26, 2022

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 matching their individual skills with critical business needs. In other words, it allows you to move your best employees from one department or project to another as needed in order to maximise productivity and efficiency. The real value of talent mobility Consider the following: Talents are […]
January 11, 2022

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 step and jeopardise your own position and growth. For this reason, the way you approach your agreements with other businesses should be done with much forethought and consideration. These are some of the things to consider in your business-to-business agreements: When does the agreement start and end? It may sound […]
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