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One in four South African business closures are a result of financial difficulties. But, business owners can weather the storm of tough economic times if they stick to a few basics, like effective planning and budgeting. In this CNBC interview Kobus Engelbrecht, Marketing Head of Sanlam’s Business Market, offers valuable advice to entrepreneurs in the current marketplace where money is tight. He suggests businesses consider their efficiencies given that even minor daily expenses at the office can add up over time, and says that staying in touch with clients, employees and suppliers can maximise opportunities and minimise losses. A realistic cash-flow projection and a back-to-basics approach to keep track of how money is spent are some of the other areas of advice offered to help business owners navigate their way through the economic downturn.

 

 

Are your employees a troublesome necessity, or your biggest asset?Are your employees a troublesome necessity, or your biggest asset?http://www.sanlam.co.za/businessblog/articles/Pages/are-your-employees-a-troublesome-necessity-or-your-biggest-asset.aspxhttp://www.sanlam.co.za/blog/PublishingImages/Employee_Banner.jpg, /blog/PublishingImages/Employee_Banner.jpg6/28/2018 11:47:45 AM0134774aspxhttp://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2018-06-19T22:00:00ZThere are few business owners who do not experience challenges relating to their employees and this is a reality for us all.
Consistency in disciplinary casesConsistency in disciplinary caseshttp://www.sanlam.co.za/businessblog/articles/Pages/consistency-in-disciplinary-cases.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/consistency_banner.jpg, /businessblog/PublishingImages/consistency_banner.jpg8/8/2018 9:06:12 AM0134788aspxhttp://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2018-08-06T22:00:00ZThe primary reason for requiring employers to act consistently when instituting disciplinary action or meting out disciplinary sanctions is to ensure that they do not act arbitrarily.

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Contingent LiabilitiesContingent Liabilitieshttp://www.sanlam.co.za/businessblog/articles/Pages/contingent-liabilities.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/Bus_blog_contingentLiabilities.jpg, /businessblog/PublishingImages/Bus_blog_contingentLiabilities.jpg5/27/2019 8:56:24 AM0134790aspx1468http://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2019-05-26T22:00:00ZYou know that your business cannot survive without some debt. Your customers are often in debt to you. Your business may be in debt to the bank.

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