Company Culture and the Team – Some Practical Considerations
For anyone who has been charged with expanding business and thus the team, one thing is for sure, people are dynamic beings and often unpredictable. It is also true that without a team, and if you do not create future leaders in your organisation, there is little to no prospect of long-term sustainability and continuity. […]
A Socially Distanced, Reflections with Ben
Today as we are living through a chapter of life where Covid-19 is ravaging through our society, I cannot but reflect on what we need to do to move forward. With this in mind, I cannot but recall how challenging life has been as an entrepreneur. I also cannot but be mindful that because of […]
Sue and the Corporate David versus Goliath
Meet Sue, she owns 20% of a company with her two partners – Peter and Thando. They started the business of buying and renting properties around 10 years ago. At first, they purchased low cost properties infrequently. However, over time the company started to show a profit and their investments became increasingly significant. More […]
How to avoid a Painful Business Divorce….
Meet Ben, he is one of the smartest and most hardworking people I know. I saw him put everything into his startup, but he still failed in the third year, why? Ben is a smart guy and thought of every technical component. He put in everything he had in, but he never thought of an […]
Decision-making deadlocks? How should you be dealing with them?
Effective decision – making is an integral part of running any Business or Company. In essence, Companies are governed by the democratic principle on both Shareholder and Board level. This means that the majority rules both on Shareholder and on Board level. The role of a Shareholder and Director are distinctly different from one another. […]
Effective Debtor Management
Healthy cash flow is the lifeblood of every business, regardless of its size. It ensures that creditors are paid (including employees) on time, thereby protecting the business’ valuable reputation and ensuring that profit distributions are possible. To avoid these negative effects, having a sound debtor management strategy in place (as part of your cash flow […]
Why Legal prevention is better than cure
When a legal crisis strikes your business – how do you feel? What do you do? The reality is, legal risk is one of the most prudent risks facing businesses today! What is meant by legal prevention? Formally this is often referred to as legal risk aversion or mitigation. In essence, this entails always being […]
Information Management – how to build frameworks in data protection and reputation management
Effectively managing the disclosure of information in your business is not a nicety, but a necessity. It may be the difference between maintaining your ‘’competitive edge’’, untainted reputation and the failure of your business. Although many commonly applied measures, such as entering into confidentiality agreements and imposing restraints of trade on employees serve to protect […]
Letters of demand for clients not paying COD
The main aim of the National Credit Act 34 of 2005 as amended (“NCA”) is to prevent over-indebtedness and to provide more accessible structures for dispute resolution. Among other solutions, the NCA aims to achieve this by creating a more transparent platform, which bodes well for debtors and creditors alike. Credit providers can no longer […]
Corporate Governance as an impetrative for Small Businesses serious about growing
The term corporate governance is widely defined as: “The framework of rules and practices by which a Board of directors ensures accountability, fairness, and transparency in a company’s relationship with all its stakeholders (financiers, customers, management, employees, government, and the community)….” Furthermore, sound governance involves: A broad concept involving the body or rules consisting of […]
