March 16, 2023
When operating a small business, there are so many important daily tasks to remember—especially if you are also the business owner. Your day is most likely jam-packed with numerous to-do lists and other miscellaneous tasks that need completing. When your day is filled up like this, sometimes the last thing you want to do is think about your finances. Often, a lot of business owners find this task stressful and confusing, and they don’t even know where to begin. However, organisation of your finances is key when running a small business, as it will keep you aware of your present […]
February 24, 2023
The Institute of Directors in South Africa (IoDSA) lays out five key trends for boards and directors to focus on in 2023. Boards need to begin planning their agendas for 2023 to ensure that they are on top of these trends—and that their members have the requisite skills to fulfil their duties. Short-sightedness is one of the most damaging traits in directors, so companies must ensure that directors have the knowledge and skills necessary to embrace these trends, and create a sustainable future for the company. The five disruptive trends are: Less time, more pressure Businesses have to respond fast […]
February 24, 2023
How to overcome ‘change fatigue’ and create a winning working environment Let’s be honest – we’re all tired. The truth is that fatigue is a very common feeling for most of us by the time December rolls around, as we deal with a year’s worth of pressure in addition to the demands of always being available and having to respond instantly. This has blurred the lines between our work and home life, causing a tiresome imbalance. In the workplace, our fatigue levels have been compounded by several changes that have been made since the pandemic, often implemented in haste and, […]
December 15, 2022
Six nasty hidden pitfalls that hammer your investments Performance fees are becoming an increasingly popular method of charging among asset managers—but there are nasty hidden pitfalls in calculations that can cost investors dearly. A growing number of asset management companies are turning to performance fees as an alternative to fees as a percentage of assets under management. The latter can be a lucrative and easy way for investment professionals to make loads of money for doing very little to outpace the market. While 2% of an investment may seem like a small figure to pay for the services of a […]
October 24, 2022
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 […]