Tag: Amogelang Montane

A recent survey, The Great Retirement, found that 51% of the global workforce is expected to retire or leave within five years. For South African Small and Medium-sized Enterprises (SMEs) already struggling with skills shortages, this could place additional pressure on business continuity, productivity and growth. Moreover, more than 60% of South African businesses already cite skills gaps as a barrier to progress.

Running a business is often portrayed as a path to independence and success. However, behind the scenes, many entrepreneurs quietly battle overwhelming levels of stress. In a survey of more than 400 early-stage startup founders, 72% reported that entrepreneurship has impacted their mental health. Of these, 37% suffer from anxiety.

In today’s dynamic business environment, leadership transitions are inevitable. These changes may result from a C-suite reshuffle, a merger, or an acquisition by a larger group. Regardless of the trigger, periods of transition can destabilise businesses of any size. Smooth business handovers are critical to reducing this instability.