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Many entrepreneurs believe that you are unable to market your business with no money. But with a little investment in time and effort, you will be able to get your brand noticed by your target audience.
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The best practice guide to catching and keeping customer attention with your online store, by DPO PayGate. The World Wide Worx Online Retail in South Africa 2019 study revealed that online retail has overtaken the R14 billion mark for the first time, reaching 1.4% of total retail sales in 2018 with increased growth anticipated for […]
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Contrary to popular belief you don’t need mega funds to start a business. You can bootstrap your business and create a sustainable and profitable business. To bootstrap your business means to start with a limited budget and not get external funds for your business. The advantage of starting your business this way is that you […]
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Being sustainable is the new advantage in business. Not only does it make economic sense to become sustainable but there are societal and environmental advantages to being sustainable within your business. How can you make your small business more sustainable?
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Article written by Jannie Rossouw, Head: Sanlam Business Market We are all looking for the silver bullet to propel our businesses to success and beyond. Advice that works for one business, does not necessarily work for another. The proof lies in the implementation of ideas and advice elements. There is no need to bet the farm, […]
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Law basics for SMEs
Are you looking for a way to get basic legal agreements in place for your business but scared of what it will cost you? Here at MacRobert, we want to be your strategic partner in law from the very beginning of your business. But we are also aware that legal expenses are probably not at […]
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By Gerrit Olivier, CEO of About IT Some predictions suggested cloud ERP would only arrive in 2020 or even as late as 2025. But it’s already here and this rapid progress may have caught some vendors napping, particularly in the small-to-medium business (SMB) category, and they may have to surrender to their very own Kodak moment. […]
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ADVERTORIAL Article provided by MiWay In its quest to help identify and mitigate the risks faced by South African businesses, MiWay has introduced a new feature – at no additional cost – on its commercial policies: Business Interruption Cover. This cover compensates for times when usual activities must be suspended and are seen as an important […]
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By Mike Anderson (NSBC Founder & CEO) Cash flow is the lifeblood of every business. The daily pressure of doing business is challenging enough, however this type of pressure is generally positive. A cash flow crisis is negative pressure and will eat away at your positivity, slowing you down in the productivity department. In simple […]
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Load shedding has become a bane of many small businesses’ existence. Many NSBC Members state that losing sales has had the worst impact on their small business. This also has knock-on effects for small businesses. Other worries were unhappy customers, interruptions to production and equipment being damaged. But what can we do to overcome load […]
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No matter how small your business is, it is possible to create effective lead generation and awareness of your product through targeted public relations practices and marketing. A mix of marketing and PR applications has proven to work best for many small businesses. The key steps to developing a solid marketing and PR plan for […]
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You may have heard ROI being talked about in the business sector and wondered what are they talking about? Why is ROI so important to investors and the finance department? Let us look at what ROI is and why it can help you greatly when make business decisions.
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Article provided by iFacts Looking at the above information, it is essential that small businesses take responsibility for ensuring the people in their business are who they say that they are. Below is some information on checks that are commonly conducted on employees and an update on legislation regarding these checks.
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Article brought to you by Sage. The health of your business’ accounting and financial systems plays a big part in your success. While it’s tempting to hire someone to take care of your finances for you, or to ignore them altogether until tax season rolls around, managing your money smartly is a non-negotiable when it […]
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Article provided by SYSPRO It is no secret that technology has the potential to bring with it unprecedented change to economies, industries and organisations across the board. While most of the focus has been placed on the industry giants of the corporate world in this regard – it is crucial that the spotlight be placed […]
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Running a small business may feel like a daunting task for some entrepreneurs and you may need to be a jack of all trades at the beginning, but there are some tools to help you. Below you will find some of them to assist you in succeeding in four key areas of your business.
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Article by Mike Anderson (NSBC Founder & CEO) Get your free ticket now to Africa’s leading entrepreneurial expo, The Business Show :: South Africa 2019. It’s time to get ahead and build a bigger and more successful business or seize a new opportunity to start out. World Famous Events, in association with the National Small […]
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Boring bankers vs sexy fintech
Article provided by Mercantile Bank A bank is a place that will lend you money if you can prove that you don’t need it, the comedian Bob Hope has been quoted as jokingly saying. According to Hope, and many others, banks and bankers are conservative, even “boring”. Hope died in 2003, long before the rise of […]
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As a business starting off, finding the perfect location is very important. Whether yours is a restaurant or a manufacturing company, where you locate your business plays a pivotal role in the chances of it succeeding. Location may not feature in the top five to-do list items of a new business, because seemingly more important […]
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By Kayleigh Alexandra (Micro Startups) Even in this age of technological wonders and online resources, getting a business off the ground isn’t easy, and growing it is even tougher. No matter how diligently you plan, and how carefully you factor in all the possible obstacles, you’re still going to encounter challenging periods that lead you […]
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“Sales what?” you may be asking yourself. And what does it have to with my small business? Well, sales cadence is important for all types and sizes of companies. It may differ in look, but it has one goal in mind – to convert leads into customers. Furthermore, sales cadence is important to ensure that […]
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Article provided by Mercantile Bank Entrepreneurs looking for funding could feel overwhelmed by the different options available, and may wonder – understandably – which financing options to use for their business. A personal banker that knows your company should be able to tailor a funding solution to suit your businesses’ unique requirements, but it would be […]
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Starting a business is an exciting and daunting experience. You may believe you are a jack of all trades but this may mean that you are master of none. It is important to know what your strengths are in the business and hire staff members who can fulfil the positions where you are weak. There […]
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By Mike Anderson (NSBC Founder & CEO) In order to succeed we need to embrace failure positively and at the same time learn from the experience. My ongoing obsession is to turn every negative into a positive. In this way failures and obstacles becomes a way of life on my success path. Don’t lose opportunities […]
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Fast and accessible lending options now available to small business through the Xero platform Xero, the global small business platform, today announced new agreements with a group of South Africa’s new digital lenders: Bridgement, Retail Capital and Lulalend. These carefully selected finance providers will improve South African small businesses’ access to much-needed funding – and […]
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Article by Odette Bester (Lulalend) On the whole we know the country is taking a hit with load shedding, but SMEs are being hit particularly hard. Rolling blackouts are affecting operations for as many as four hours a week, cutting the work day in half. No industry is excluded from the knock-on affect their business is […]
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Have you googled your small business’ name lately? What did you see on the first page? What would you do if you saw a barrage of negative comments and bad reviews? Sometimes we don’t know the reputation our brand has until we go in search for it. Here are three steps to improving your bad […]
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Article provided by Digital-Lance Online Marketing How does your business communicate its marketing message to the public? Is it easy for the public to interact with, and understand your business? Standard communications tend to be one-way, such as advertisements, social media posts, email blasts, and website pages. By way of a response, an interested prospect […]
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Article provided by Mercantile Bank Television shows like Shark Tank and Dragon’s Den have brought business pitches and the world of entrepreneurs into the mainstream and made it “sexy”. Although small business owners on these shows can hook a shark or get a dragon to invest in their business; entrepreneurs should know the different kinds […]
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Article by Lebohang Thulo (SME South Africa) The good news is that if you are an SME owner BBBEE is far simpler and less onerous to implement than you may think. According to LFP Group CEO, Louis Pulzone, there are seven key elements to consider in terms of BBBEE for the SME and it is […]
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Article by Melissa Javan (SME South Africa) Executing a marketing strategy with a limited budget is a challenge for many entrepreneurs. For those looking for ideas to build brand awareness and attract potential customers, here is our list of inexpensive (or free) marketing tools and strategies.
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Article by Mike Anderson (NSBC Founder & CEO) If your business is not doing what it should be doing and is spiralling out of control with debt, expenses, and poor sales, then it is time to adopt the principle of lean and do things differently. I like to call it “the washing machine effect”. Stick […]
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Two Cape-based companies have joined forces to ensure that small and medium-sized enterprises (SMEs) will have greater access to funding. SME funder Retail Capital and asset finance firm First Asset Finance have combined their expertise to offer more funding and support to small businesses across South Africa, that are growing, despite tough economic times.
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Bunny Majaja from HOT 91.9 FM, an NSBC Media Partner, interviews Andrew Maren, CEO and Founder of Profitshare Partners. In this interview, Bunny discusses how the business model of Profitshare Partners helps small to medium enterprises (SME) to get going. They also discuss how this disruptive fintech company assists the relationship between small businesses and […]
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Bunny Majaja from HOT 91.9 FM, an NSBC Media Partner, interviews Deenash Pillay – Head of Small Enterprise, Standard Bank, South Africa – about the importance of cash flow management for small businesses.
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Article provided by Sanlam and written by Jan Truter for www.labourwise.co.za Load shedding is having a devastating impact on businesses. Questions that typically arise are: Do employees have the right to be paid if they are unable to work during power outages, and may employers change working hours to fit in with load shedding schedules? […]