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 […]
January 11, 2022

Why your business should place an emphasis on building relationships

Every business in the world sells something. They sell goods or services in order to address a need or desire of a consumer, and to achieve a profit in the process (at the very least only to ensure its sustainability). Before the introduction of many modern technologies (the internet specifically), focussing solely on quality goods or services in order to make profit was the common thing to do. Business owners could often hard sell their goods/services without much thought about the long-term impact it would have – especially if they had a local monopoly on the goods/services they provided. Ever since the advent of the internet and parallel advancements in global infrastructure, focussing solely on making the buck without […]
December 9, 2021

Why It’s time for your business to go green

As the risks of climate change become more intense and prevalent in today’s world, businesses are feeling the pressure to adapt and rethink their business models, making sure they align with the needs of clients, employees, as well as the environment. The Main Advantages of a Green Office Why should you invest in a greener business? Well, the benefits to implementing more sustainable practices are numerous. For instance, you will be cutting down on a ton of unnecessary costs around the office, as sustainability is aimed at energy optimisation and a conscious use of natural resources. In other words, you […]
October 14, 2021

Business continuity planning: Are you prepared for the next crisis?

While the possibility of a global pandemic was always at the back of our minds, its emergence still managed to catch us off-guard and wreaked havoc on every aspect of our lives, particularly the world of work. Therefore, it’s safe to say that Covid-19 has been a wake-up call for organisations to rethink their priorities and strategies to ensure their businesses will survive the next disaster. When you fail to prepare, you prepare to fail The current health crisis highlighted the vulnerability of businesses around the globe, exposing the consequences of fragile business continuity plans and executives completely failing to […]
July 19, 2021

The A-Z of POPI compliance

The Protection of Personal Information (POPI) Act came into full effect on the 1st of July 2021. If you still haven’t implemented your POPI compliance strategy, it is strongly advisable that you take quick and decisive steps to do so as non-compliance could carry hefty penalties. To ensure that you get your (POPI) act together, we’ve put together a handy list of A-Z* terms that you should consider in your quest for information protection. A – Accountability: One of the 8 conditions for processing personal information, which governs that  both the means and the purpose thereof must be determined before processing can take place. B – Big data: With modern data-practices where large quantities […]
May 4, 2021

Six ways you can improve your business’s cybersecurity measures

How well are you equipped for handling cyber threats to your business? Take the quiz below to test your knowledge on cybersecurity. 1) You just received an email from a client telling you to attend to an urgent financial matter with a link to help you. Do you… ? a.) Click the link provided to sort out the problem as quickly as possible. b.) Delete the email because all emails like these are scams. c.) Carefully assess the sender address and content, and contact the sender via a previously used channel. There are many cybercriminals out there who are intent on gaining access to company secrets and […]
May 4, 2021

Is your business ready to face a bad month, or two, or three?

Are you sitting down? Let us share a frightening statistic with you. In a report published by FinFind in November 2020, it was found that 42.7% of small businesses in South Africa were forced to shut down during the first 5 full months of the lockdown. The research data was comprised in a survey of 1489 businesses across all main sectors of the economy, and so must be understood as a sample of the larger economy rather than an absolute fact. Nevertheless, to think that around 4 in every 10 small businesses closed in this time is worrying. The reasons for these closures are numerous, but at the end of the day it […]
January 19, 2021

How your business can lead your industry with R&D

Google, Tesla, Apple … These are all companies that we associate with innovation and technological advancement. Of course, we know that the developments that they make in the world of business come down to tons of research and development (R&D). With all the resources at their disposal, they have the groundwork to make innovation a breeze. Since many small business owners are focused on their day-to-day survival in a competitive marketplace, many do not believe that R&D is possible for them, or, that even if they were to invest in research, the advances that they make would not be significant enough to achieve […]
December 11, 2020

5 Tips to digitally expand your business’s professional network

The importance of networking – especially during COVID-19 – should not be overlooked. While many business owners have been struggling to stay afloat in the economic downturn that has resulted from the events of 2020, they may have been neglecting one of their key resources in maintaining their success. Good networking skills are one of the most valuable business assets that any business owner can possess. How you connect to others in your field of work (and this includes your competitors) can have a marked effect on your ability to make the right decisions at the right time with the right resources at your […]
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