March 16, 2023

Accounting tips for small businesses

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

Governance trends for 2023 – is your board ready?

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

10 Tips for embracing change in 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

When performance fees punish

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

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 […]
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