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The benefits of a connected business
Article provided by Telkom Nowadays, business and ICT (Information & Communications Technology) go hand in hand. In the business world of today, being competitive means being connected. Unfortunately, according to the ‘How Technology is Reshaping South Africa’s Small Business Economy’ study, conducted by Xero in partnership with World Wide Worx, 45% of small business owners acknowledge that they could be doing more with regard to technology adoption, and a further 52% stated that they feel they are just barely keeping up. What does this mean? Hardly any SMEs feel confident in using new ICT technology to their advantage. This is a sad state of affairs, as there are almost limitless benefits when it comes to fully connecting your business. We examine just a handful of them below…
Why technology-enabled collaboration is so important for emerging businesses
Article provided by FlowCentric Technologies Work as we know it is changing fast—and in ways that many people can’t imagine. It’s not just that jobs are changing, it’s how we work, and who we work with that is evolving. This evolution is partially fuelled by younger people who are entering the workplace, its second nature for these employees to use technology to collaborate on tasks. Many younger employees are practised at communicating across time zones; they are accustomed to collaborating with strangers; and they advocate to work remotely. Are companies ready to adapt to these cultural changes, or better yet, leverage them to their advantage?
The Supremacy Group launches Pay-As-You-Trade (PAYT)
By Adv. Carien van Dijk – Tax Director at The Supremacy Group Since the increase of the VAT rate earlier this year, we have noticed that small businesses struggle to keep their heads above water. It all starts with the struggle to get payments from clients and this soon spirals into a whirlwind of issues, as you try to get additional jobs in to cover the overheads. The time for administration is not a priority, but the potential of SARS knocking at your door is keeping you wide awake at night. The Pay-As-You-Trade (PAYT ™ pending) initiative finally allows small businesses to afford outsourcing their accounting, tax and payroll administration to the right specialists. The initiative is simple, we invest our time and resources in your business, without you having to give up any shares to us. If you have a slow month, our fees go down to help you out, but you still get the same service. As you grow, our fees grow with you – therefore we do everything in our power to help you grow as we have a direct interest in the success of your business.
4 steps to choosing an e-commerce platform
Article provided by PayFast E-commerce in South Africa is rapidly expanding with the online spend for 2017 estimated at R10bn. While still in its infancy compared to global standards, now is the time for South African entrepreneurs to take advantage of the Internet for building a business. However, venturing into an unfamiliar online world may be daunting for the less tech-savvy entrepreneur. If you have started or you are starting an e-commerce business and you want to make sure you’re on the right path, here are four steps to guide you along the way.
Digital transformation strategy – is BPM the difference between success and failure?
Article by FlowCentric Technologies Neither IT nor business remain static; both are undergoing a constant and, in many ways, symbiotic evolution. Possibly the most pervasive term for this symbiosis is ‘digital transformation’. How is your company tackling digital? As you may already know, digital transformation refers to the integration of digital technology into all areas of a company, with the objective of profoundly changing how the business operates and delivers value to its customers. Digital presents many new opportunities, it allows companies to enter different markets quickly and disrupt existing ones in ways that their competitors will struggle to rival.
Helping to foster greater economic growth through tech-empowered SMEs
Article by Maureen Mansour-Khoury, senior product manager, Dynamics 365, Microsoft MEA Technology that was once too expensive for small businesses such as business intelligence and cloud-based solutions, is now accessible to most SMEs. Services like these now assist SMEs in transforming, and enables them to stay agile and grow. Consequently, it allows small businesses to continue playing a central role in the national growth of the local economy. This ability of technology to augment the performance of SMEs is particularly significant within South Africa, where SMEs encompass 91% of formal businesses, employ around 60% of the labour force, and cumulatively contribute approximately 34% of the local GDP according to The Banking Association of South Africa.
How to talk your way to success with podcasts
Article by GG van Rooyen (Published in Entrepreneur Mag)

The rise of the average Joe

Some of the most successful podcasts in the world were created by relative unknowns. Tim Ferriss’s 2007 book The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich was a phenomenon. The self-help/business book spent more than four years on the New York Time’s bestseller list and has been translated into 35 languages. To date, around 1,3 million copies have been sold. It’s fair to say that every author on the planet would be happy with this sort of success. When it comes to book publishing, it doesn’t get much better than this. Now compare the success of The 4-Hour Workweek with that of Ferriss’s podcast, The Tim Ferris Show. At the end of 2016, the show reached 100-million downloads, meaning that since the creation of the show, individual episodes have been downloaded more than 100-million times through iTunes and other podcasting channels.
Setting up your first online store
Article by Marilyn A. Parham, CPA – Business and Cloud Advisor, The Bottom Line This guide is brought to you by Xero and our Xero partner, Marilyn Parham CPA, because we share a passion for helping small businesses everywhere thrive. Online stores are great friends to small businesses. They’re an excellent way to get started in retail without investing in bricks and mortar or staff. If you already have a physical store, an online presence can extend your reach beyond your local neighbourhood, while giving existing customers a more convenient way to shop. If you’ve thought about creating your first online store and given up because it was too hard, take another look. Handling online payments isn’t the chore it used to be. Secure, off-the-shelf services have greatly simplified what used to be a troublesome technical task. And they sync beautifully with online accounting to make bookkeeping painless. 

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