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Financial planning for your company can be a virtual minefield to navigate. If you are importing goods, the fluctuations in the exchange rate and the volatility of the Rand can make you feel like you are on a constant roller coaster ride. Changes in employee taxation legislation or something as...
When businessman Lou Gerstner stepped into the role of chief executive officer at computer company IBM in 1993, the business was facing several major challenges. It suffered from low profits, struggling sales figures and an eroded brand identity. The company, which had once managed to ride the personal computing wave...
The South African economy is battling to reach its growth targets, which have been revised down from an original 3% to around 2% by most analysts. Disposable income has dropped over the past year. Interest rates have seen two hikes since January, with many anticipating a third. The country has...
All successful businesses grow. What started out as a two man operation can become an operation that ends up employing hundreds of people. Companies expand at varying rates, some have explosive growth early on and others expand at a very slow and steady rate. The question is âWho needs to oversee your business expansion strategy?â Expanding...
Having a business is one thing, but knowing whether or not it will sustain itself into the future. A good place to start is by doing a strategy audit of the business. In this blog, I provide the âgolden 8â elements that you should at least be looking at as...
The past decade has been the heyday of the outsourcing model. Big corporates have been scrambling to find the best â and cheapest â way to manage non-core functions, and this has often meant enlisting the services of an external IT service provider or a call centre in Asia. The...
âSend me your business plan,â all entrepreneurs have heard these words when looking for investors or finance for their business. A good business plan will help you obtain financing, arrange strategic alliances and attract potential investors to your business which is becoming critical in the current BEE environment here in...
Iâm absolutely passionate about running strategy sessions with clients. Thatâs because I believe they work so well and provide so much insight into the company. More than anything, strategic sessions have provided clients that Iâve worked with, with a treasure trove of untapped potential in their business model and has...
Tax season is upon us, one of those niggling deadlines which seems to rear its head almost as soon as you cleared it off last yearâs calendar. Taxation in South Africa is generally seen as fairly sophisticated, and follows world best practice in several regards. This includes the ability to...
