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All posts tagged "business"

  • How an invoice facelift can boost your startup’s productivity, customer service

    Many entrepreneurs and small business owners fail to recognise this central fact: invoices represent a crucial second opportunity to make a positive impression on the customer. I say second opportunity because your first opportunity resulted in the sale of your product or service. In this sense, your company’s invoice is actually an opportunity to reinforce this relationship between your company and your client rather than damage or ignore it. Additionally, the invoicing process holds significant potential to enhance your enterprise’s efficiency in several ways, not the least of which is improved cash flow. Let me explain. The importance of having an invoice...

  • 3 ways to improve teamwork in your business

    You can never do anything worthwhile alone without the help of your team. In order to thrive, a business needs team collaboration at its highest levels. This is why we need to build great teams at work. But what does it take to build a better team? Is team building an art or a science? Ask that to any management guru or business leader, the answer would be almost similar. It is a bit of both. Assembling different team members, motivating them and keeping your team members happy is easier said than done. Although you cannot overstate the importance of...

  • How to choose the right tech to boost your small business

    As a small business owner, you have plenty of choice when it comes to affordable technology that helps you run an efficient, responsive and productive company. Accounting and payroll software takes the pain out of dealing with SARS and other authorities, while making it easy to keep accurate financial records. Mobile broadband and smartphones mean that you can access business information while you’re on the road and stay in touch with colleagues and customers wherever you are. And the web has opened access to a global marketplace of customers and suppliers for even the smallest of SMEs. Read more: 16 growth...

  • How to make the most of startup life (even if your manager sucks)

    Managers. We all have to deal with some version of them. Even the companies claiming they have a flat organisation structure. There’s always someone you report to. There’s always someone who, if you’re lucky, you look up to. And if you’re not, well, that’s an entirely different story altogether. I didn’t always work at a startup. My first job was at a big corporation and the development team at my location consisted of 100 odd people, divided into teams that reported to a team lead (TL) and TL's that reported to a project lead (PL) and PLs that reported to...

  • How SA businesses can make the best out of this tax year

    The new tax year is well underway, bringing with it a number of changes that could affect your payroll calculations and the tax you need to pay on behalf of your employees. Here are some of the important legislative changes, budget proposals and a few important dates of which you should be aware of if you’re to stay on top of your obligations for the 2015/2016 tax year. Income replacement policy premiums Have you made the necessary changes to your payroll system and processes to accommodate changes associated with income replacement policies? Premiums towards an income replacement policy were tax deductible...

  • Startup going off the rails? Here are 5 basic things you can do to get back on track

    Last year was a challenging one for South African businesses and there are few signs that 2015 will be much easier. However, get the basics right and your business will be in a good position to survive and even thrive this year. Here are five fundamentals that can help you to succeed in growing your business during 2015. 1. Get your admin sorted Most small business owners dislike doing admin because it’s a distraction from selling, serving customers and growing the business. But it is essential to be on top of your paperwork to meet the demands of SARS, the Department...

  • How important is design for your business in 2015?

    The business year is just a few weeks old yet it's already setting an aggressive pace thanks to a tougher economic climate, savvier customers and an explosion of disruptive tech. To stay relevant in an always-on and increasingly competitive world, innovative design thinking should be on the 2015 business agenda. 1. Design solves business problems Last year’s World Design Capital 2014 challenged everyday people to ask “What If” they viewed the world through a design lens? Applied to myriad social, environmental and economic issues by hundreds of officially recognised #WDC2014 projects, its power to transform was elevated on a global stage....

  • Here’s why SA really needs better broadband for business to thrive

    If South Africa is to boost economic growth it must bring fast internet to more entrepreneurs. Doing so will help power thousands of small businesses. For too long the country has been slow in improving access to fast, affordable always-on internet. A recently launched government broadband policy aims to fix this, but some remain sceptical. Access to the internet today is not only vital, but big money. A 2012 report by the Boston Consulting Group predicts that by next year the internet economy in G20 members will be worth US$4.2-trillion (at present it contributes about 2% each to South Africa and...

  • About 40% of global SMEs don’t believe Africa has growth opportunity

    A new study has shown that approximately 40% of global SMEs don't see the growth opportunity Africa offers, despite positive economic growth. This doesn't bode all too well for flexibility to the region's unique ecosystems. The study -- conducted by the Economist Intelligence Unit (EIU) on behalf of logistics giant DHL Express -- surveyed 480 SME executives and experts from business lobbying groups, and further found that many multinationals and state-owned companies do however take advantage of the opportunities the African continent presents. Charles Brewer, Managing Director of DHL Express Sub Saharan Africa, says that despite current challenges to attract global...

  • Feet on the ground, head in the cloud: the mindset of doing business in Africa

    Barely two years ago, foreign businesses and analysts were hailing Africa as the world’s economic miracle. With economic, political and social reforms sweeping the continent, a burgeoning middle class and growth rates hovering around the 6% mark, people were queuing up for a slice of a US$1-trillion opportunity. Today, that picture might appear less appealing to some. Epidemic challenges have swept various countries, especially in West Africa. Across the continent, instability and conflict are either simmering just below the surface - or worse, bursting out into the open. Between strikes, extremist activities, economic turmoil and political unrest, the African...