Category Archives: Business

Directors: Be Careful, You Will Be Held More Accountable In 2020

Being a company director (or a senior manager) comes with onerous duties and risks which require constant management. And 2020 is shaping up to be a year in which you will find yourself under increasing scrutiny, with the NPA now … Continue reading

Posted in Business | Tagged , , | Comments Off on Directors: Be Careful, You Will Be Held More Accountable In 2020

Small Businesses: How to Survive and Thrive

SMMEs (Small, Medium and Micro-Enterprises) play an integral role in our economy, and it is alarming therefore to read recent research showing that a massive 70% – 80% of South African small businesses fail within five years. Why the high … Continue reading

Posted in Business | Tagged , , | Comments Off on Small Businesses: How to Survive and Thrive

Sometimes the best management is to take a back seat

“When the best leader’s work is done the people say ‘We did it ourselves’” (Lao Tzu) Management is probably more of an art than a science – sometimes you need to get actively involved in an issue and other times … Continue reading

Posted in Business | Tagged , , | Comments Off on Sometimes the best management is to take a back seat

How to prepare your business plan

“If you fail to plan, you are planning to fail!” (Benjamin Franklin) Previously we discussed why a business plan is so important, this month we look at the mechanics of compiling it. There are many templates available (most banks have … Continue reading

Posted in Business | Tagged , , | Comments Off on How to prepare your business plan

5 reasons to never overlook your business plan

“How can I be so stupid?” (John Cleese recalling when he pitched the BBC to start the Monty Python’s Flying Circus show without a business plan) When setting out on a new venture or adding a new section to your … Continue reading

Posted in Business | Tagged , , , , , | Comments Off on 5 reasons to never overlook your business plan

Your websites of the month: Buying or selling anything? How to use facebook marketplace

By all accounts Facebook Marketplace is giving Gumtree, OLX and other online classifieds a real run for their money in both the personal and business markets. It is now used every month by 800 million people in 70 different countries. … Continue reading

Posted in Business, Communication | Tagged , , , | Comments Off on Your websites of the month: Buying or selling anything? How to use facebook marketplace

Your shareholder agreement versus your Memorandum of Incorporation – There is only one winner

Shareholder agreements usually form the backbone of shareholder relationships as they govern, for example, how shareholders sell their shares, how shareholder disputes are settled and the type of authority required for certain transactions. The Companies Act makes it clear that: … Continue reading

Posted in Business | Tagged , , , , | Comments Off on Your shareholder agreement versus your Memorandum of Incorporation – There is only one winner

Don’t let a death or disablement destroy your business

The greatest need in many small businesses is for cash flow. Picture this scenario: Three people start a business and after a few years it is beginning to make profit – in a year it will go cash positive. One … Continue reading

Posted in Business | Tagged , , , , | Comments Off on Don’t let a death or disablement destroy your business

Business Rescue Options: Going the Informal Route v the Companies Act Route

The business rescue provisions in the Companies Act are regarded as progressive and world class and there is evidence that it has worked well. Yet a 2016 survey showed that more distressed businesses opted for an informal approach and appear … Continue reading

Posted in Business | Tagged , , | Comments Off on Business Rescue Options: Going the Informal Route v the Companies Act Route

Companies: What is an Alternate Director? A Curious Role…

“‘Alternate director’ means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in substitution for a particular elected or appointed director of that company” (Companies Act) Situations can arise … Continue reading

Posted in Business | Tagged , , | Comments Off on Companies: What is an Alternate Director? A Curious Role…