One of the myths around franchising is that it is only relevant to fast food and restaurants. In South Africa, there are numerous industries and business categories in which over 700 franchisors operate. These include: • Automotive aftermarket • Business to business services • Construction, office and home products and services • Financial services •…
Let’s face it. There are only two real certainties in the Fourth Industrial Revolution. One is that nobody is a real expert, because it’s all just too new. Remember when social media started moving into the mainstream around 10 years ago and suddenly we had ‘experts’ pouring out of the woodwork looking for their 15…
Businesses of all sizes go through a growth journey − from start-up to a point where they can achieve rapid growth and scale into a large, successful business. The length of time a company may stay at a stage in its growth journey may vary, with some business never making it out of a stage…
Nobody enjoys failing. We all want to make a success of our lives, our work and our endeavours. But in recent years, there’s been an increasing acknowledgment that failure is an integral part of life – it is essential to how we learn and grow. Failure, thought leaders have mused, means taking risks, which is…
So, you’ve survived the start-up phase of your business. Now it’s time to grow. Here, I unpack three strategies to help you along your way and suggest a few ways to shake up your growing business. Whichever you decide to experiment with, the Golden Rule is this: take it slow and have a plan. Expanding…
I recently came across a book by Ben Horowitz called The hard things about the hard things that describes the difficulty of starting and running a business. What the author had to go through seems like a movie and often while reading it I would think I would have given up numerous times. However, the…
You can partially compensate for the lack of strong alternatives in a negotiation by mentally simulating a realistic but ambitious alternative. Read more
The popularity of cryptocurrencies has resulted in questions about their tax treatment. Depending on the facts and circumstances, capital gains tax or normal income tax may apply. Geneva Management Group tax expert Ruaan van Eeden believes that, in the interests of the taxpayer, SARS must act quickly to clear the confusion. Read more
If you ask people who the decision-makers are in their organisation, it’s likely that they’ll point towards the CEO and other senior executive directors. The truth is, however, that each person in the organisation takes decisions that have the potential to affect not only themselves but the entire company. Every person is a decision-maker. Realising…
When your employees (and maybe even you, as their manager) aren’t allowed to grow, they begin to feel that they don’t matter. They feel like a cog in a wheel, easily swapped out. If you aren’t invested in them, they won’t be invested in you, and even if they don’t walk out the door, they…