The seven questions that could make or break your contracts

Your business success relies on your interaction with clients/customers and other businesses. Your profit is directly proportional to the behaviour of these external role-players. Dealing with individual clients/customers does come with some risk – especially if you offer a line of credit. However, your agreements with other businesses, in which greater risk and sums are applicable, you cannot afford to take a wrong […]

Why the POPI Act matters

The right to privacy is enshrined in Section 14 of South Africa’s Constitution and we understand it to be a vital human right. It states: “Everyone has the right to privacy, which includes the right not to have – (a) their person or home searched; (b) their property searched; (c) their possessions seized; (d) the privacy of their communications […]

Is your applicant hiding something in their CV?

In the world of CVs, there are many good and obvious reasons to reject a candidate. However, sometimes a CV doesn’t tell the whole story and requires some probing questions to really fish out the details the CV does not disclose. There are many ways in which candidates may (purposefully or inadvertently) hide information by […]

Internal vs external marketing

What is internal marketing and what is external marketing?  Why is it important for companies to understand these concepts? Because happy internal clients mean happy external clients! What is internal marketing? Internal marketing refers to the process of motivating and empowering employees to work as a team for the overall wellbeing of the company and consequently, […]

Audit or review – Which is applicable?

The Companies Act No 71 of 2008 (“the Act”) has made provision for significant changes for companies with regards to the requirement to be audited or reviewed. This requirement is mainly determined by the Public Interest Score (“PI Score”) of the company which is calculated by allocating points to certain key factors and figures of […]

How to manage innovation

Managing innovation? Why put a damper on creativity? No, that is not the idea. The purpose of managing innovation is to organise all the free-flowing ideas in order to avoid chaos and to actually put all the great ideas into action. Here are the steps to how you can manage innovation: Envision To envision an […]

THE LIABILITY OF DIRECTORS WHEN MAKING DECISIONS ON BEHALF OF A COMPANY

When running a business there are going to be times where the directors in charge will have to make difficult decisions and take risks in order to either save the company or to seal a big deal and gain financially, the notion of “risk for reward”. As a director, one would be required to make […]

THINKING OUTSIDE THE BOX IN YOUR BUSINESS

What does this term mean? It refers to the approach to a certain aspect, or in this case, your business. This term can also be clarified by referring to it as creative thinking, unconventional thinking or an approach from a new perspective. By thinking outside the box and questioning the norm, you will constantly be […]

DIVIDEND PAYMENT PROCEDURES

A dividend is the distribution of a reward from a portion of the company’s earnings and is paid to a class of its shareholders. Dividends are decided and managed by the company’s board of directors, though they must be approved by the shareholders through their voting rights. Dividends can be issued as cash payments, as […]

SOCIAL MEDIA GOALS FOR BUSINESS

Setting goals can be difficult, especially when it comes to setting social media goals for your business. Today, it’s nearly impossible to avoid social media. Most people spend an average of 50 minutes browsing various social media channels, and 2.8 billion people, worldwide, are using social media platforms. So, if you find yourself wondering if […]