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Article written by Mike Anderson (NSBC Founder & CEO) Show me a business where everyone lives and works by self-managing, and I’ll bet it’s a business destined for greatness. Make sure that the first person you are managing every day is yourself. In business, we all know that management is everything. If you don’t manage […]
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According to statistics, one of the main reasons people fail at a sale is because of a lack of perseverance and trust. Sales are not usually closed after the first interaction. They take a meeting and many follow-up calls before you can close the deal. So, what does it take to close a deal?
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In our business one commodity which we wish could produce more of is time. Some days seem to run away with us and before we know it the day has ended and we still have only checked the first two tasks off our to-do list. So how can we better utilise our time? Automate some […]
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Article by Shannon Vengadajellum of SchoemanLaw Inc With the fast pace of advanced technology, more and more people are being bullied and harassed through the use of electronic devices and technology. The younger generation especially, find themselves being constantly and repeatedly harassed on social media platforms such as Facebook, Twitter and Instagram and are not aware […]
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Article provided by MiWay Teaching kids sound financial habits from an early age gives them an advantage later in life. Some people believe that the age you start your first business impacts how successful you are later in life.
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Have you heard about brand equity? It is the value which your customer associates with your brand. A positive brand equity is important because it can influence your bottom line substantially.
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Article by Mike Anderson (NSBC Founder & CEO) Living on the edge and taking risk is the key to happiness and success. Almost everything worth doing is risky. Are you stuck in a comfort zone and just hoping to have a mistake-free, loss-free, and stress-free life? It may sound like the good life, but it […]
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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 […]
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Article provided by SchoemanLaw Inc Employees in the same organisation are often remunerated differently. According to employment legislation in South Africa, no one may be unfairly discriminated against.
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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, […]
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Article by Kayleigh Alexandra – content writer for Micro Startups You don’t want to give the visitors to your website a feeling of quality whiplash, but that’s exactly what happens when you don’t have a steady design philosophy. If one part of the site doesn’t work properly, users will have to question everything else, and if you […]
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Want to make more sales in your business? Want to increase the profits? Then you need to implement these sales strategies into your arsenal: cross-selling and upselling. What is upselling and cross-selling?
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Efficiency is one of the cornerstones to building an empire from your small business. When your business is efficient you are able to work on it rather than in it. The benefits of an efficient business are:
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Provided by the DA Dear Sir/Madam, This serves as an invitation to comment on the tabling in Parliament of the DA-proposed Private Members Bill, introduced by MP Toby Chance, that is advocating for the establishment of a Small Enterprises Ombud Service to mediate disputes and resolve late payment issues between SMEs, government and private sector […]
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By working towards operational excellence in your business you will create an entity which is able to grow exponentially and efficiently. But what is operational excellence and how can you incorporate it into your business today?
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Article provided by Accountability Studies have shown that approximately 80% of small business enterprises fail within the first five years and only 1% of the remainder grow to employ ten or more people. Further investigation has shown that two of the main reasons for a business’ downfall are the mismanagement of debtors and inadequate cash flow.
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Article provided by MiWay In recent weeks, the looting of trucks has caused chaos across the country. A recent incident, over the Freedom Day / Workers’ Day long weekend, saw more than 30 trucks destroyed or damaged – an estimated loss of R250 million. In the video below, watch how nimble thieves execute a pineapple […]
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Social media is the latest buzzword in small business marketing. How can you use it to grow your small business? Does it need special talents? Does it take up a lot of your time? These are some of the questions which people think about when considering using social media. Here are some answers on ways […]
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Sales is one of the cornerstones for any business, but how can you be successful at it? What is important to be in place to make sure you are successful in sales. Here are seven processes to remember to achieve small business sales success.
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Bunny Majaja from HOT 91.9 FM (NSBC Media Partner) interviews Adv. Carien van Dijk from The Supremacy Group. Carien and Bunny discuss simple, yet highly effective, ways small businesses can reduce their taxes. They look at the importance of structuring a business correctly (e.g. a sole proprietorship vs a private company) and how this affects the amount of tax paid. She also touches on VAT […]
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Article provided by Debt Rescue Employees’ personal financial difficulties take a huge toll on work performance and, ultimately, your business’ bottom line. Usually, when employees are stressed, they’re less likely to focus on their careers and need more time to resolve personal, legal and other issues that come with financial difficulties. Financial stress can affect […]
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Do you know which sales channels will be best for you? Sales channels are those avenues which you use to get your product into the hands of your customers. They can be indirect or direct channels. Direct channels are ones where you have more control on how your brand is displayed and you have direct […]
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How do you lose sales? Some may think they have it down to a fine art while others may think there is a science behind it but it actually takes a bit of both. Losing sales happens when too much attention is paid either to the art of sales or the science of sales. To […]
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Article written by Jannie Rossouw, Head: Sanlam Business Market It often happens that I wake at night and begin to think about a serious problem and decide I must tell the Pope about it. Then I wake up and remember that I am the Pope. – Pope John Paul XXIII I am sure that we can […]
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Posted in:
Optimise your online store
Article by Payfast So you’ve set up your online store and it’s been running for a while. Sales are up and so is your confidence to run this mothership. You may be thinking that you’re ready to optimise your online store to increase sales and create a better experience for your customers. The great news […]
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CAPE TOWN, 23 May, 2018 – Xero, the global leader in online accounting software has today launched a national competition, to put South Africa’s growing fintech industry firmly on the map. To mark the start of the developer technology challenge, Xero has also announced the appointment of Colin Timmis as Country Manager for South Africa, to take […]
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Article by Mike Anderson – NSBC Founder & CEO Breakfast Connect, the world-famous, high impact networking event, is back. Get your ticket now for the ultimate opportunity to rub shoulders with like-minded, successful entrepreneurs. You will meet people who will inspire and drive you and you will share strategies about what’s working, and what ignites your mind. […]
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Article written by Jannie Rossouw, Head: Sanlam Business Market “In the business world, the rear-view mirror is always clearer than the windshield.” Warren Buffett One’s natural inclination is not to put enough effort into keeping an updated list of events or results, and outputs in respect of one’s business. We remember negative events more easily. I […]
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Are you struggling to keep the wolves from the door? Are you consistently running out of cash to grow your business? Let’s have a look at the biggest cash flow problems and how you can overcome them.
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With the advancement of communication technology, the face-to-face meeting seems to have taken a backseat. But should it? The main arguments for not having face-to-face meetings is that it is time-consuming and expensive especially if your teams are in different parts of the world. What are the advantages? Here are three reasons to invest in […]
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Posted in:
Know yourself
Article by Matrix Marketing During the last quarter of 2016, our management team spent some time with psychology honours graduates. The purpose was to understand ourselves and our colleagues better. This study led to better communication amongst ourselves and an empathy with each other when it came down to working together. Furthermore, we wanted a clear understanding […]
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On Friday, 11 May 2018, DA Leader, Mmusi Maimane MP, DA Shadow Minister of Small Business Development, Toby Chance MP and the DA Gauteng Shadow MEC for Provincial Treasury and e-Government, Adrianna Randall MPL, presented a Private Members Bill (PMB), to be presented in Parliament, that will see the establishment of a Small and Medium Enterprises (SMEs) Ombud service to mediate […]
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Article provided by Sanlam and written by Jan Truter from Labourwise When people have been contracted to provide a business with a service on an independent contracting basis, the business might feel confident that the contract may simply be terminated in terms of the contractual provisions. This can change in a moment, when the business learns that the ‘contractors’ are, […]
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Every business wants to have more sales because more sales means more profits. But how do you improve your sales funnel conversions? Before we start with how to improve our sales funnel we need to know:
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Article provided by MiWay In South Africa, we are blessed with many public holidays – some of which turn our weekends into long ones. However, if you feel deflated or demotivated when returning to work after a break – you’re not alone. Although business might have been good – especially if you’re in retail – […]
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Running a small business may seem like a daunting task and one which you think you may not succeed in but here are seven tips to help you on your way to small business success.