When entrepreneurs think about creating a strategic plan, many think that it is not important for their business. If they do think it is important then they get stressed out by the length and cost involved in making a strategic plan. But a strategic plan for a small business does not need to be long […]
Article provided by Telkom With 70 – 80% of all small businesses in South Africa failing within five years of opening their doors, many ambitious entrepreneurs will be wondering what the remaining 20 – 30% are doing differently. If you’re looking for a manual, you’ll be looking for a very long time. On the other […]
Your customer’s lifetime value (CLV) is a critical metric for growing small business. This metric can help you know if you are flying or coming down in flames. If there is an imbalance between your customer’s acquisition cost and the customer’s lifetime value your business could be in trouble.
Article by Mike Anderson (NSBC Founder & CEO) Although this ideal situation of “quick success” doesn’t usually work out in life, there are some incredible stories. I have had the fortunate opportunity over time to meet these mercurial individuals who have shared with me what it took them to have “quick success”. What is important […]
Failure. For many entrepreneurs this word strikes dread in their heart. What will you do if you fail? What will people think of you should you fail? But these are thoughts we should be putting to bed. Failure needs to be viewed in a new light. Let’s look at the advantages of failure for your […]
It is not every day that you hear of someone pursuing their dream career from a young age and being a success but Lloyd Madurai is such a success. At the age of 40, Lloyd Madurai has achieved more than most in the radio industry, in fact some might call him an over-achiever, with a […]
Article written by Jannie Rossouw, Head: Sanlam Business Market It is my observation that the golden thread, which distinguishes lasting business associations from the rest, is the authenticity of the relationship; in other words, how genuine the business association is. In a world where time is of the essence and results the only benchmark of success, […]
