Tag: succession planning
Why business owners should work with IFAs
In today’s complex financial landscape, business owners need more than just insurance policies. Business owners need the comprehensive, unbiased advice that can only come from an Independent Financial Adviser (IFA) to create a holistic financial plan. It is important to understand the distinction between a ‘tied agent’ and an IFA.
Managing your finances like you manage your farm
Farming is a long game that requires patience, perseverance, and strategic planning across all aspects of the operation. While every farmer understands this when it comes to tending crops and raising livestock, the same can’t always be said for managing their finances; and taking a short-sighted approach to financial planning can be as devastating to a farmer’s livelihood as a flood or drought would be to his or her operations.
The best B-BBEE scorecard points sit inside skills development
For most South African businesses, the skills development component of the Broad-Based Black Economic Empowerment (B-BBEE) scorecard is one of the most challenging and costly elements to deliver on. However, by strategically combining employed and unemployed learnerships, businesses can secure the most points for the least money spent, while achieving the best return on their training and skills development investment.
BOOK REVIEW | Future Purpose
In this book, the author provides individual executives with deep insights into how they can take charge of their own careers and strategic capabilities on a journey to the C-Suite and beyond. This profoundly holistic view of executive career development and the inevitable transitions that people experience sets this book apart from any others in its genre.
Make financial goals a resolution to stick to in 2023
New year, new dreams, new aspirations, new diets, new action plans, new holiday ideas, new jobs, and typically, also a "new you." We can all relate to the "new year, new you" tagline. A fresh start to get our lives back on track and to live the lives we want to live.
Optimising a family business and safeguarding relationships
Family-owned businesses make up a significant portion of all businesses registered and operating in South Africa. In fact, family-owned businesses are today recognised as vital participants in, and contributors to, the country’s economy.
Wills, estate planning and generational wealth
Although a will is essential, holistic estate planning ensures that the next generation has financial freedom. This may seem obvious and straightforward, but there are many considerations and legalities that can make this process hard to navigate on your own.
Women’s slow rise to the top in corporate South Africa
Equal female representation in senior management and executive positions has been a longstanding area of focus within the corporate sector. We have long maintained that the first and most important step towards resolving the gender pay gap is equal gender representation within senior positions.
Succession planning – an opportunity, not a tick-boxing exercise
As leaders, one of our biggest fears is no longer having a meaningful role to play in our organisations. For many business leaders, the fear of obsoletion can be crippling, especially when it comes to the vital process of succession planning.
National Wills Week – to have and to hold a signed...
National Wills Week will be held this week from 13 to 17 September 2021. This is an ideal opportunity to draft a will or to review an existing will. In recent times, we have come to realise that death can happen to anyone, at any time. Death does not discriminate against age. Whether you’re young or old it is therefore important to ensure your affairs are in order.