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How to Prepare Your Business Plan

How to Prepare Your Business Plan

Previously we discussed why a business plan is so important, this month we look at the mechanics of compiling it. There are many templates available (most banks have pretty good ones), and by using one you can ensure you cover all the relevant topics involved - 1....

Sometimes the Best Management Is To Take a Back Seat

Sometimes the Best Management Is To Take a Back Seat

Management is probably more of an art than a science – sometimes you need to get actively involved in an issue and other times you need to stand aside and let your staff get on with it. Significantly, if you do not get it right, your staff can become demotivated and...

5 Reasons To Never Overlook Your Business Plan

5 Reasons To Never Overlook Your Business Plan

When setting out on a new venture or adding a new section to your business, it pays to have a strategy as to what you want to achieve and how you want to go about accomplishing your vision. Be thorough when doing this and do a comprehensive business plan. Why a...

Cut Your Electricity Bills

Cut Your Electricity Bills

Electricity has become a bane in our lives – not only does it increase in price by double digits each year, but we also face the ongoing possibility (perhaps probability) of load shedding. But we can be proactive as there are many ways to cut costs and with some...

Businesses: Think Strategically When Cost Cutting

Businesses: Think Strategically When Cost Cutting

We all know times are tough and many companies are embarking on cost cutting exercises. Unfortunately, this is a necessary procedure but think of the impact on staff morale and the potential loss of productivity when undertaking cost reduction. You don’t want to end...

A Break for Taxpayers on Interest Received From SARS

A Break for Taxpayers on Interest Received From SARS

Until last year taxpayers had to accrue interest owed to them by SARS. This proved difficult for taxpayers as SARS can take a few years to refund the interest to you. This is exacerbated by the fact that SARS frequently adjusts the interest due to you, which can...

     

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