Best Practice Financial Management Principles of SMEs in South Africa The evolution of market dynamics accentuated the focus of large corporate enterprises towards the emerging world in search of growth and competitive advantage (Miller & Shamsie, 1996). Globalization and Information Communication Technology (ICT) development are at the forefront of...
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I recently attended a seminar on Business Rescue – part of the New Companies Act (Did you know there was a new Companies Act?). It enables companies to remain in business when things are not looking good. Effectively, it suspends all creditors claims (including SARS although SARS may not agree)...
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A snippet from my new group on Facebook: Entrepreneurs United.  Please join me if you want to stay up to date on similar self-help articles: https://www.facebook.com/pages/Entrepreneurs-United/303075119784673 Outcome: The goal of this series of articles is to find the quickest, simplest and easiest method to create a clear over-all understanding of...
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What most people in business don’t realise is that you can try to drive the staff or push the staff but cannot do that if his goals of your staff are misaligned with your corporate/company goal. Without understanding the habits and behaviours, and what drives your employees and yourself it will...
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Bookkeeping is a skill that is sadly overlooked in many small businesses and entrepreneurial ventures, because business owners try to minimise expenditure on “extras”. However, bad financial management – both on the large and small scales – leads to the closure of over half of all new business venture. In this...
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Doing business in Africa means getting your business partnerships right. Partnerships make-up a disproportionate level of business success within this region, so at each stage of the business cycle a large amount of time must be spent in this regard. In our recent experience, over 50% of our professional time was...
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People are one of the most important assets of any business, if the employees are not performing well, neither is the business. It is important for the people at the top to make sure that those below them are happy and productive. Here are some tips on how to do so:

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Employment opportunities are few and far between these days, and those that are available rarely tick all the boxes. In response, South Africans of all shapes and colours are starting their own businesses – by all accounts, 97% of all local businesses are self-started small, medium and micro enterprises. While running...
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There is a lot of talk about "Green" issues. For some the theory of climate change is a myth, for others it's the central theme to their lives. Regardless of which side of the fence you sit when it comes to this debate, Going Green has some very attractive business...
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If 2012 is the year you plan to start your own business, best be sure you have a good business plan in place before you get started. A comprehensive business plan can mean the difference between seeing your new business flourish and having it fail before it’s even really started. A...
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