Failing to understand your ideal customer, wastes time, energy and resources. According to a report by CB Insights, 42% of startups fail because there is no market need. In other words, many companies are failingsimply because they didn't define or validate their target audience properly.
The scrapping of the proposed VAT increase in Budget 3.0 resulted in a budget shortfall, necessitating alternative sources of funding.
In a rapidly evolving digital landscape, small and medium-sized enterprises (SMEs) are increasingly turning to artificial intelligence (AI) to streamline operations, enhance customer experiences, and drive growth. Once considered a luxury reserved for large corporations, AI technologies are now more accessible and affordable, enabling SMEs to compete on a more level playing field.
Youth Day on 16 June is a great time to consider the advantages of employing young people in your business – and to find out how SARS’ Employment Tax Incentive (ETI) can assist your company to do this at a reduced cost.
As a business owner, at some stage you will inevitably be asked to help an employee through a crisis in either their personal or professional life. How you respond to their bereavement, financial difficulties or workplace meltdown, will directly affect your other employees and your company culture.
Today’s work environment is fast-paced, unpredictable and ever-changing. Between the gig economy, retrenchments and the transformations brought about by AI and other technologies, studies are now showing that the traditional 9-to-5 job is no longer viewed as being a stable way of life.
Workers’ Day acknowledges the contributions of workers and recognises the importance of upholding their rights. But celebrating workers is not just a government initiative. It’s a forward-thinking approach to labour relations that is increasingly embraced by progressive companies around the world.
Running a business requires leaders to make hundreds of decisions each year. Some of these are small and inconsequential. But others have the power to affect the company’s future, determine the happiness of its customers and impact the lives of all its employees.
In the history of business, little has been as effective in making or breaking sales as customer reviews. With Google now placing increasing relevance on tracking and promoting companies with genuine good reviews, this has never been truer than it is now.
Small and medium-sized enterprises (SMEs) are increasingly turning to artificial intelligence (AI) to enhance their operations, improve customer experiences, and stay competitive in a rapidly evolving market. A recent study published in the Journal of Business Management highlights the key AI applications being adopted by SMEs and the challenges they face in implementation. The findings reveal that while only 28% of SMEs have integrated AI solutions, those that have are seeing significant benefits.
Artificial Intelligence (AI) is revolutionizing the way small and medium-sized enterprises (SMEs) operate, offering numerous opportunities to enhance efficiency, improve customer experiences, and stay competitive. Implementing AI in SMEs can seem daunting, but with a strategic approach, it can yield significant benefits.
The 2025 Budget Speech addressed the economic stagnation of the past decade, with GDP growth averaging less than 2%. In 2024, the economy grew by only 0.6%, and medium-term projections estimate an average growth of 1.8%. The speech emphasized the need for faster, inclusive economic growth to meet developmental goals.
As a business owner or financial manager one of the most important decisions you will make is whether to buy or lease the equipment your business needs to operate.
Online meeting apps have absolutely boomed over the past few years. But in a post-COVID world, business travel is still an expensive necessity for many companies.
The biggest benefit of small businesses is their adaptability. It’s much easier for a small business to pivot and change course when things are going wrong.
A new year is often a time to rethink your strategy. One option you may not yet have considered is going into partnership with a charity or non-profit organisation.
A balance sheet is a vital financial report for a business, providing a snapshot of the company’s financial health by detailing its assets, liabilities and owners’ equity. These are also used to calculate important financial ratios.
Building a small business on your own can be hard. It’s difficult to know just where each hour of work and precious cent should go to maximise growth. Product testing, marketing, website costs and infrastructure – these are not cheap and may be hard to put together all at once when starting out. This is why many turn to external investors for help.
The Companies and Intellectual Property Commission (CIPC) has announced a significant wave of deregistrations due to continued non-compliance with the Companies Act. As of January 17, 2025, a large volume of companies have been deregistered for failing to meet obligations such as Annual Returns and Beneficial Ownership declarations.
In June 2019, Slack co-founder and CEO Stewart Butterfield declared that business email would be dead and buried within seven years. Now, six years later, email remains as strong as ever – despite the weaknesses Butterfield saw still being there.
Starting a new business isn’t just a challenging undertaking. It also comes with a list of tax liabilities and administrative obligations. Not to mention an impact on the business owner’s personal tax affairs.
In a world where market conditions and consumer preferences are constantly shifting, many business advisors tell leaders to be agile and adaptable if they want their businesses to succeed. While this can be effective, it’s even better for your business to already be positioned to take advantage of any changes that may occur.
An effective year-end business review can be a powerful tool for any firm. It identifies effective business processes and highlights areas for improvement, making it easier to formulate a solid plan for the upcoming year.
Revenue targets are an essential business tool. They allow leaders, teams, and investors to track the performance and growth of a business across any given period of time. And they open up the possibility of forecasting, planning operations, and rewarding employees.
