Tag: business plan

Whether they like it or not, all business owners engage in some form of marketing, but many neglect to adopt a strategic approach. It’s not surprising then that marketing was highlighted as the area in which most business owners feel they require skills training, according to the most recent National Small Business Survey by the National Small Business Chamber.

Every year people make promises to themselves in the form of new year’s resolutions, and the happiest and most successful people are those who have managed to turn a promise to improve themselves into a sustainable habit.

Running a business in South Africa is becoming increasingly tough, amid stagnant economic growth and ever-increasing operating costs, such as rent, labour costs, fuel and electricity.

Almost every entrepreneur - at some point in their journey - considers going into franchising as a guaranteed route to attaining business success. Despite the sector having a higher success rate compared to its counterparts, franchising has its pros and cons and will not necessarily be suitable for every entrepreneur.

No matter which line of business you go into, you will most likely need to be a master of networking to succeed as an entrepreneur. Knowing the right people is the key to growing your customer base, finding the right employees, accessing support and expertise and more. 

What are the real benefits of driving innovation and efficiency in business? Today ‘innovation’ is a buzzword: essential to many companies’ proclaimed existence, rather than...