Business

3 Survival Tips for Your Small Business In 2021: Little Things with A High Impact

Given the past year’s pandemic and economic chaos it’s relatively safe to call the present a “hostile economic environment”. Small businesses are struggling across the board as imports are hard to come by, exports near impossible to make, and clients are stripped of their expendable income. In these circumstances it’s wise for the small business …

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How to Find and Secure Tenders for Your Small Business – 5 Expert Tips

There is a new lane for tendering and an urgent need for assistance from government that has been created by Covid-19 PPE tenders, and other tenders used to fight the pandemic that have increased the scope of tender targets for SMMEs. The government is seemingly incapacitated by the pandemic and the PPE tenders that have …

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Sales Reps Are the Lifeblood of Your Business – 10 Interview Questions To Ask

In any business there are few more important people than the sales reps. In this pandemic climate, they have become even more important for keeping small businesses and start-ups afloat and pushing bottom lines into the black. They are the people at the coal face of meeting with clients and selling your products, and are …

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Accounting Tips for SMMEs in a Rocketing Tax Future

During his 2020 Medium-Term Budget Policy Speech not so long ago, Finance Minister Tito Mboweni announced that government has projected tax increases of R5 billion in 2021/22, which will be followed by increases of R10 billion in 2022/23, R10 billion in 2023/24 and R15 billion in 2024/25. These impositions will require SMMEs to utilise the best available accounting skillset to minimise …

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SMMEs: Preparing for the Second Wave

Covid-19 has forced the entire world to remodel how it operates, from the personal perspective to ways in which businesses operate. Experts, including academics and government, have warned the nation of the possibility of a second wave of high infections. Research suggests that a national resurgence is most likely on the way and expected to …

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Leaving a Legacy: Ensure Your Business Survival with a Succession Plan

It is a sobering statistic that 70% of family businesses do not survive into the second generation – a significant loss considering the time, effort and investment required to start, manage, and grow a business in South Africa. Ensuring your business can survive beyond the loss of an owner, a partner or another key individual requires a …

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