Top 5 Trends Facing SME Businesses in South Africa in 2023
In the dynamic landscape of South African business, Small and Medium-sized Enterprises (SMEs) are continually faced with new challenges and opportunities. As we enter 2023, these five trends are shaping the path for SMEs in South Africa, and embracing them can be the key to growth and success. 1. Digital Transformation: In the digital age, […]
Get what it takes to be an Entrepreneur
Not everyone is built to be an entrepreneur. Most people are thrilled to be an employee. To know they have the security of a 9-5 job, a pension plan, and paid leave days. But the guarantee of employment or salary nowadays is not as secure as in the past. For some folks, the dream of […]
The rise and rise of the FinTech industry
In South Africa, the high unemployment rate and increase of SMMEs allowed FinTech companies to thrive. For the longest time, the large banks underserve the SMME businesses. It opened up a large population sector for alternative funders to enter the finance market for SMMEs. The emergence of FinTech Financial technology applies technology (like smartphones, websites, […]
Lining up your family for your business succession plan
Not every family member wants to stay in the family business. Planning your business succession plan is critical to know if it will happen as expected. There can be options to sell the business if your family would instead not take it over. It is estimated that 70% of family-run businesses do not survive the […]
Productivity Tips for Small Business Owners
Battling with Productivity? Running a small business is not for the faint-hearted. It runs very differently to a large corporate. It has different needs and limited resources. Here are some productivity tips you can use in your SME to improve your operations and increase your productivity. 1. Prioritise your most important tasks of the day/week […]
Focus on your customer to grow your business
As a business owner, your role in the company is not to be so hands-on that you do not take time to have conversations with your customers. When times are going well, you should have regular contact with your customers to ensure the relationship remains stable and your mutual objectives remain aligned. When times are […]
Getting the South African Economy working again
For most businesses, the limp into the festive season has been marred by the second wave of Covid-19 infections. It is mainly brought on by complacency and consumers not taking the virus and its impacts seriously. For many SME’s the December holiday season should have helped them recoup some of the losses from 2020. Even […]
Customer Retention is critical to your business
You don’t have a business if you don’t have customers, and customers do business with people. That is why it is so critical to have customer retention strategies in place. Many small business owners are so busy trying to manage and run their company that they don’t spend time getting to know their customers and […]
5 Proven Benefits of Remote Working Staff Members
Remote working is not likely to go away anytime soon. Companies that have set up their employees to work from home have found great advantages to this way of working. Lowered Business Expenses They are saving in rent space, security, cleaning costs etc Consider the reduced need for coffee and tea in the office, companies […]
