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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...
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...
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...
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...
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,...
Supplier relations in the age where written quotes are no longer enough
We are often faced with the vital question as to why Clients should engage a Supplier on written terms. What is more is that many businesses think that having a signed quotation is good enough. Ask any aggrieved Client – a signed quote is rarely good enough. In most...
Involved in a boiling dispute? Here is how to best resolve it…
Well first, try to negotiate a resolution.If that fails, in many instances, alternative dispute resolution (“ADR”) is a powerful way in which to resolve an array of different disputes. Advantages include: the confidentiality of the process, often being less formal,...
Know your enemy they say… We say the same about risk
For many entrepreneurs considering the legal aspects of business is something hardly ever thought about. Many SME's and entrepreneurs decide to follow a dangerous "look the other way" or "bury head in the sand" approach. This is truly unfortunate because ultimately,...
When to collaborate and when to employ?
Given the complexity of the labour legislation in South Africa, entrepreneurs are often reluctant to employ and instead look at other forms of agreements to achieve the same outcome. There are instances when it is more appropriate to contract differently and not to...
The Importance of the Team
Many business owners neglect to spend time thinking about their vision. Specifically, on how they plan to achieve their goals and the risks they are likely to face along the way. Many also fail to invest time in thinking about the people who will take them to their...