5 Good reasons to start a business

With a struggling economy, unemployment at an all-time high and the cost of living on the increase, you might be very reluctant to start your own business. Here are five reasons why it might not be such a bad idea: Peace of mind for your job future In a country where more than 25% of South Africans are unemployed, the ability to create employment for oneself has never been more important than now. According to Lullu Krugel, chief economist at KPMG, close to 70% of South Africans are employed in…

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Do these six simple things to grow your business

As business owners we often think that to grow your business, you need more capital, bigger clients, media coverage and a great big break. But the truth is that small changes or habits can bring about major success in the long run. Step out! Firstly, you have to network. You cannot build your multi-million rand empire while sitting in your PJs in the home office all day.  Dress up and get out. If you cannot afford taking people out to lunch, then see them for a quick coffee. Don’t get…

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5 things you can do to save your business thousands

In a brave attempt to increase the bottom line, many business owners pay themselves less and less. There is good reason to try and save as much money as possible, but there are better ways to go about it. Here are some tips that you can immediately start implementing to shave off thousands in expenditure every year. Take a good look at monthly expenses This time of year seems as good as any to review your monthly expenses in the business. Particularly have a hard look at insurance payments. Your…

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Teenage girls win national entrepreneurship competition

Erin Fredericks (14) and Morgan Pelser (15) walked away with the winning trophy in the national SAGE (Students for the Advancement of Global Entrepreneurship) competition that took place in Bloemfontein. These two teenagers presented an innovative business plan to no less than eight judges from different industries and backgrounds from around the country. According to SAGE CEO Dr Thabo Pitse the programme, an initiative of the California State University, has three main aims. Firstly they educate teenagers who participate in the programme about business.  “They follow a strict curriculum and…

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Save yourself from the Disaster of Distraction

It doesn’t matter who you are or what your position is at work, we’re all subject to a constant flow of potential distractions while we’re working.  Some may be short, and some we seemingly wake up from and ask, “Where did the day go!”  The problem is we all have a finite amount of time each day to accomplish what really matters.  If you’re a small business owner then your time is precious and the little distractions in your day can end up having a huge impact on your income,…

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6 Keys to Improving Cash Flow

Cash flow improvement has been made a mystery over time, and has become elusive for many business owners. However, there are just 6 Keys to improving your cash flow in any business. This means you only need to focus on 6 areas of your business to make a massive improvement. So what are these 6 keys to success: improving cash flow? Area 1 – Revenue Improvement The first step in improving cash flow is revenue improvement via a price increase or an average value of sale increase. NOT volume of…

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Why excess carbs make you fat

Understanding carbohydrates in your diet will make a huge difference on your waistline. Here is my simplified explanation on carbs for you. Once you understand carbs and what falls under carbs you will clearly see why you may still be struggling with your weight. One of the most common subjects I find when consulting with clients regarding their weight loss at Easy Health Wellness clinic is the misunderstanding of what exactly falls under the carbohydrate (starch) group. Not having a clear definition of what to count as a carbohydrate on…

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Sisters taking the world of business by storm

You might be excused for confusing Berné and Simoné Theron for fashion models. With their high cheekbones and pearly white smiles it looks like they just walked off the pages of a fashion magazine. But these two ladies are much more than just beauty. They are the brains behind Theron & Theron Designs, the manufacturers of beautiful handmade leather handbags and fashion accessories that have everyone talking. Growing up in Kempton Park on the East Rand, Berné (24) and Simoné (26) dreamt of one day owning a business together. After…

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The benefits of learning in business

There is a well-known saying that goes ‘you are never too old to learn’, and that rings nowhere truer than in the business world. The business world is a fast-paced environment where the goal posts are constantly shifted and things can change overnight. Business men and women who are willing to learn and are constantly looking for opportunities to improve their knowledge and hone their business skills, are automatically better equipped to adapt to the changing environments. Of course MBA’s and other tertiary degrees and diplomas are wonderful ways to…

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