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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.

 

 

Work performance and sales targetsWork performance and sales targetshttp://www.sanlam.co.za/businessblog/articles/Pages/work-performance-and-sales-targets.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/WorkPerformance_ArticleBlogBanner.jpg, /businessblog/PublishingImages/WorkPerformance_ArticleBlogBanner.jpg9/7/2017 12:42:39 PM0124aspx2350http://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2017-09-06T22:00:00ZIt is not often that a dispute about dismissal for poor performance reaches the Labour Appeal Court. Dismissing an employee for poor work performance is more challenging than dismissing an employee for misconduct.
How to build lasting business relationshipsHow to build lasting business relationshipshttp://www.sanlam.co.za/businessblog/articles/Pages/lasting-business-relationships.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/lasting_businessBanner.jpg, /businessblog/PublishingImages/lasting_businessBanner.jpg4/19/2018 12:09:06 PM0208aspx1251http://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2018-04-18T22:00:00ZIn a world where time is of the essence and results the only benchmark of success, it is difficult to develop enduring business relationships. The golden thread is the authenticity of the relationship; or, how genuine the business association is.

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No water, no work - must employees be paid?No water, no work - must employees be paid?http://www.sanlam.co.za/businessblog/articles/Pages/no-water-no-work.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/NoWater_ArticleBlogBanner.jpg, /businessblog/PublishingImages/NoWater_ArticleBlogBanner.jpg11/16/2017 7:58:10 AM080241aspx2812http://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2017-11-15T22:00:00ZSome businesses need water in order to function. The prevailing drought in the Western Cape has led to interruptions, which may result in employees not being able to work. Are the employees entitled to be paid?

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