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SMEs Role in Driving the Sustainability Agendahttps://www.businesspartners.africa/entrepreneurs-growth-centre/useful-articles/going-green/smes-role-in-driving-the-sustainability-agendaSMEs Role in Driving the Sustainability AgendaIf you’re a small business owner, sustainability can be intimidating and amorphous. And you are not alone. Most small businesses wonder what they stand to gain by adopting sustainable business practices, and believe that sustainability is something that big corporates should worry about. This would appear valid since most forward-looking corporates have embraced sustainability and have embedded the concept into their strategic plans. And the payoff has been immense.2021/02/21 10:00:00 PM
Business budgeting for tough timeshttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/business-budgeting-for-tough-timesBusiness budgeting for tough timesBusiness owners could be forgiven for thinking that things are changing so fast that budgeting is not really useful anymore, and that it is better to fly by the seat of your pants and to keep things flexible. The truth is quite the opposite, says Jeremy Lang, regional general manager at Business Partners Limited. In these uncertain times budgeting is more important than ever for a business to survive. A budget is like a compass and a rudder for a business.2021/02/16 10:00:00 PM
How to find reliable business news in the new information junglehttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/how-to-find-reliable-business-news-in-the-new-information-jungleHow to find reliable business news in the new information jungleAll of the troubles of 2020 might have been slightly more tolerable for business owners had they not taken place against the backdrop of the very disrupting information revolution.2021/01/26 10:00:00 PM
How to prepare your business for a resilient 2021https://www.businesspartners.africa/entrepreneurs-growth-centre/useful-articles/business-wellbeing/how-to-prepare-your-sme-for-a-resilient-2021How to prepare your business for a resilient 2021As 2021 kicked off with another Lockdown extension and a new wave of COVID-19 infections, businesses have experienced a tough start to the year as they continue to navigate the “new normal”. However, on the plus side, the past year has taught business owners and small-to-medium-sized businesses (SMEs) some significant lessons in agility and resilience, making them better equipped for what they might face in 2021. 2021/01/21 10:00:00 PM
How to make the most of black Friday 2020https://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/how-to-make-the-most-of-black-friday-2020How to make the most of black Friday 2020Black Friday, a global shopping phenomenon celebrated on the fourth Friday in November, unofficially marks the start of the holiday shopping season, with stores offering massive discounts and sales to eager consumers in hunt of a good deal. This trend has successfully been taken up locally, with 2019 seeing Black Friday and Cyber Monday purchases hitting the R6 billion mark. 2020/11/25 10:00:00 PM
Finding a path ahead through a changed landscapehttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/finding-a-path-ahead-through-a-changed-landscapeFinding a path ahead through a changed landscapeIn the aftermath of every crisis there are moments when you are able to stop struggling, stand still for a minute, look around, and think about what just happened. By now, most business owners would have experienced some of these lulls, however short, from the emergency mode into which the Covid-19 lockdown and its repercussions had thrown them. And hopefully these breathers will become more and longer as time goes on. 2020/10/25 10:00:00 PM
Survival strategies for tourism businesses in 2020https://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/survival-strategies-for-tourism-businesses-in-2020Survival strategies for tourism businesses in 2020With the slow and tentative revival of the tourism industry after its worst year ever, every step that a tourism entrepreneur takes can mean the survival or demise of their business. Now, more than ever, the owners of tourism businesses have to keep their wits about them, says Arnold February, regional investment manager at Business Partners Limited.2020/09/16 10:00:00 PM
Has COVID-19 trigged a reinvention of SME financing?https://www.businesspartners.africa/entrepreneurs-growth-centre/useful-articles/money-and-finance/has-covid-19-trigged-a-reinvention-of-sme-financingHas COVID-19 trigged a reinvention of SME financing?While financing solutions for small-and-medium enterprises (SMEs) have typically been geared towards providing growth capital for business expansion, the COVID-19 crisis has elicited a rapid shift of focus to the provision of relief finance – which requires a very different approach. In a sense, COVID-19 has therefore driven financiers to radically reinvent their approach to SME funding.2020/08/26 10:00:00 PM
Tips for supporting SAs Superwomen in the workplacehttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/tips-for-supporting-sas-superwomen-in-the-workplaceTips for supporting SAs Superwomen in the workplaceJust when South Africans thought the worst of lockdown was behind them, President Ramaphosa dropped the bomb that public schools were closing again for a full month to curb the spread of COVID-19.2020/08/23 10:00:00 PM
Three ways to maintain a positive company culture in the new normalhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/three-ways-to-maintain-a-positive-company-culture-in-the-new-normalThree ways to maintain a positive company culture in the new normalIn keeping with social distancing guidelines, working from home (WFH) has become the new reality for many South African office workers. While this is a necessary measure for businesses to take in combatting the spread of COVID-19, it can impact company culture.2020/08/18 10:00:00 PM
5 ways to add supplementary revenue streams to your businesshttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/5-ways-to-add-supplementary-revenue-streams-to-your-business5 ways to add supplementary revenue streams to your businessOne thing that the COVID-19 crisis has definitely taught business owners, is that the diversification of revenue streams is crucial to long-term commercial sustainability. This is because, by never relying solely on one product, market or service, the risk of failure is spread and thus reduced significantly. After all, you never know when one of these streams will suddenly stop flowing – or be blocked – amid a new iteration of lockdown regulations.2020/07/22 10:00:00 PM
Four ways to adapt your business to a brave new worldhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/four-ways-to-adapt-your-business-to-a-brave-new-worldFour ways to adapt your business to a brave new worldThe global COVID-19 pandemic and the ensuing nationwide lockdown meant that many South African businesses experienced disruptions on an unprecedented scale. Now, as the country gradually exits lockdown and prepares to return to full production, we are faced with the realisation that the pandemic has irrevocably changed many aspects of our lives. Instead of returning to normal, it is becoming increasingly clear that businesses are going to need to adapt to a new set of challenges and circumstances.2020/07/22 10:00:00 PM
Seven ways to innovate and increase business resiliencehttps://www.businesspartners.africa/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/seven-ways-to-innovate-and-increase-business-resilienceSeven ways to innovate and increase business resilienceThe COVID-19 pandemic has had a far-reaching impact on businesses around the world, as increasingly more countries go into lockdown, forcing many non-essential industries into an abrupt standstill. For impacted small and medium-sized enterprises (SMEs), one way to survive this challenging period is by taking quick and innovative action to future-proof operations.2020/07/21 10:00:00 PM
Five ways SMEs can save this savings monthhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/five-ways-smes-can-save-this-savings-monthFive ways SMEs can save this savings monthGenerally speaking, small and medium enterprises (SMEs) have two options when it comes to bolstering business profits – either increase sales or cut back on costs. While more effort is usually applied to the first option for obvious commercial reasons, the reality is that sales can be heavily impacted by external forces – as we’ve seen recently with the national COVID-19 lockdown.2020/07/21 10:00:00 PM
If anyone can win the coming battle, it is the South African business ownerhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/news-and-views/if-anyone-can-win-the-coming-battle-it-is-the-south-african-business-ownerIf anyone can win the coming battle, it is the South African business ownerAny business owner who has started up and run a business is battle hardened to some degree, because business is a hard, constant struggle, if not for survival, then for market share and growth.2020/05/11 10:00:00 PM
Nine tools for business owners to tackle the uncertainties of the Covid crisishttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/nine-tools-for-business-owners-to-tackle-the-uncertainties-of-the-covid-crisisNine tools for business owners to tackle the uncertainties of the Covid crisisThe only certainty about the unprecedented Covid-19 crisis is that the world will be quite different once the pandemic and the different levels of lockdown pass - and that includes your town, your community, your industry and your business, says Jeremy Lang, regional general manager of Business Partners Limited.2020/05/11 10:00:00 PM
IMPROVING COMPETITIVENESS IS KEY TO UNLOCKING SA’S ECONOMY FOR LOCAL BUSINESSEShttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/news-and-views/improving-competitiveness-is-key-to-unlocking-sa’s-economy-for-local-businessesIMPROVING COMPETITIVENESS IS KEY TO UNLOCKING SA’S ECONOMY FOR LOCAL BUSINESSESWhile President Cyril Ramaphosa made some good commitments in the State of the Nation Address (SONA), the small and medium enterprise (SME) sector is hoping to get more clarity in the upcoming 2020 National Budget Speech.2020/02/25 10:00:00 PM
2020 Budget wish list for South Africa’s small and medium business ownershttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/news-and-views/2020-budget-wish-list-for-south-africa’s-small-and-medium-business-owners2020 Budget wish list for South Africa’s small and medium business ownersThe owners of South Africa’s small and medium enterprises will be holding their breath along with all other economic players to hear if the Budget Speech will contain enough bold choices to stave off a ratings downgrade.2020/02/24 10:00:00 PM
The planning business owner’s guide to budgetinghttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/the-planning-business-owner’s-guide-to-budgetingThe planning business owner’s guide to budgetingBusiness owners are doers, and so tend to neglect formal business plans and processes in favour of action and intuition. Often an annual budget, if it is drawn up at all, is simply last year’s income statement with an inflation adjustment.2020/02/24 10:00:00 PM
How to best prepare your business for the New Yearhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/business-wellbeing/how-to-best-prepare-your-business-for-the-new-yearHow to best prepare your business for the New YearWhile recent statistics regarding South Africa’s economy may be discouraging, many local business owners remain optimistic. This optimism is reflected by the 74% of South African business owners who said they are confident that their business will grow in the next 12 months, despite the challenges they face; as per the latest 2019 Business Partners Limited SME Index. 2020/01/19 10:00:00 PM
Tips for business recovery after the festive seasonhttps://www.businesspartners.co.za/en-za/entrepreneurs-growth-centre/useful-articles/top-tips-and-blogs/tips-for-business-recovery-after-the-festive-seasonTips for business recovery after the festive seasonFor most businesses, the festive season at the end of each year is a feast or famine affair. Either they experience their busiest month in the run-up to Christmas, or things go very quiet as clients leave on holiday. Either way, almost all businesses experience the festive season as a disruption of sorts that can easily throw them off balance. Arnold February, regional investment manager at Business Partners Limited, offers the following tips on how best to help your business recover after the festive season.2020/01/19 10:00:00 PM