Tag: business failure
Ways to rebuild businesses and improve resilience for 2022
Businesses and consumers alike have had to weather several shocks over the past two years. In this article, I advise how businesses can make 2022 a year for rebuilding and taking advantage of new opportunities. During 2020, 42% of small businesses closed during lockdown, according to financier FinFind.
Starting again #4: Did I learn from the past?
Many entrepreneurs will have no option but to close down their businesses. With the ravaging effects COVID-19 has had on the economy, formal employment may not be an alternative for many. Starting again is the only choice available for these entrepreneurs.
Starting again #3: Was I honourable?
Many entrepreneurs will have no option but to close down their businesses. With the ravaging effects COVID-19 has had on the economy, formal employment may not be an alternative for many. Starting again is the only choice available for these entrepreneurs.
Starting again #2: I have more than last time
Many entrepreneurs will have no option but to close down their businesses. With the ravaging effects COVID-19 has had on the economy, formal employment may not be an alternative for many. Starting again is the only choice available for these entrepreneurs.
Starting again #1: There is no shame
Many entrepreneurs will have no option but to close down their businesses. With the ravaging effects COVID-19 has had on the economy, formal employment may not be an alternative for many. Starting again is the only choice available for these entrepreneurs.
COVID-19: practical tips for dealing with financial uncertainty
Travel bans, lockdown, working from home and avoiding public spaces have suddenly become the new normal, and you may be feeling unsettled and anxious as the coronavirus crisis wreaks havoc on our everyday activities and routines.
Continuous learning is essential to SME growth
According to recent research conducted by the Small Business Institute of South Africa, local small and medium enterprises (SMEs) are still economically fragile, with approximately 70% of emerging small businesses failing within the first two years of operation.
