Tag Archives: Business

You Need Independent Directors, not Herd Mentality

“Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently.” (Steve Jobs when he was reinstated as CEO of Apple)  The Companies Act tasks directors to … Continue reading

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Developing Your Senior Staff: Let Them Run Meetings

One underrated but important aspect of an organisation is its ability to run effective meetings. Problems are identified and strategies are put in place to chart a successful way into the future. In smaller businesses invariably the most senior person … Continue reading

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Litigation Funding: An Affordable Way of Accessing Justice

In the life-span of a business, there will almost certainly be a protracted legal process. To a small or medium-sized business, this can prove ruinous as legal costs can be prohibitive. Current solutions You can sell your claim but the … Continue reading

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In 2017 There’s No Place for Hedgehogs When Forecasting

“A fox knows many things, but a hedgehog one important thing” (Ancient Greek poet Archilochus) Looking into the future is one of the most important aspects of business. We all want to know the business is sustainable and so we do budgets and strategic … Continue reading

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Directors Don’t Like Goodbyes

“Parting is such sweet sorrow” (Shakespeare) One of the predicted negatives from the Companies Act (the Act) and the King Codes was it would be difficult to find directors. The Act and King Codes put extensive liabilities on directors, encouraged … Continue reading

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Small businesses: Speed up SME-friendly reform!

As you know, the small and medium business sector is held out to be the only sector that can produce the growth and job creation that our country so sorely needs. The South African Institute of Chartered Accountants (SAICA) has … Continue reading

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Rage: An effective tool for entrepreneurs and your staff

“Do not go quiet into that good night             Rage rage against the dying of the light”             (Dylan Thomas) What is the defining moment when an entrepreneur starts a business?  Very often it is rage. He/she is sick of … Continue reading

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Small Businesses – How To Access Finance

Surveys indicate that one of the major reasons for small/medium businesses (SMEs) going out of business is cash flow issues. SMEs are the most powerful generator of jobs in the economy and thus their financial wellbeing is extremely important. In … Continue reading

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Valuing your business: Why do it, and how?

There are two reasons why you would value a business: Either you want to sell your business or you are thinking of acquiring another business Business owners should have an exit strategy. Valuing your business on a regular basis tells … Continue reading

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Prepare now for leasing changes that will impact your business.

If your accountant uses IFRS (“International Financial Reporting Standards”) in compiling your financial statements, and if you lease assets, then changes are coming that you need to start preparing for. The International Accounting Standards Board has mandated new accounting treatment … Continue reading

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