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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.

 

 

Putting good advice to work in your businessPutting good advice to work in your businesshttp://www.sanlam.co.za/businessblog/articles/Pages/good-advice-in-your-business.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/BussBlog_Good_Ideas.jpg, /businessblog/PublishingImages/BussBlog_Good_Ideas.jpg12/3/2018 11:49:35 AM056725aspxhttp://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2018-12-02T22:00:00ZDuring the past year, Sanlam Business Tips have provided entrepreneurs with wonderful ways to help them improve their business.
Is your ‘business Will’ worth the paper it’s written on?Is your ‘business Will’ worth the paper it’s written on?http://www.sanlam.co.za/businessblog/articles/Pages/is-your-business-will-worth-the-paper-its-written-on.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/BusinessWill_ArticleBlogBanner_Linkedin.jpg, /businessblog/PublishingImages/BusinessWill_ArticleBlogBanner_Linkedin.jpg10/13/2017 11:24:34 AM068701aspxhttp://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2017-10-12T22:00:00ZAs a business owner, you’re proud of your legacy – regardless of its size. Having a last will and testament to help ensure that your loved ones benefit from your life-long sweat is, therefore, a no-brainer.

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How to regroup when the chips are down in your businessHow to regroup when the chips are down in your businesshttp://www.sanlam.co.za/businessblog/articles/Pages/get-your-business-through-times.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/support_banner.jpg, /businessblog/PublishingImages/support_banner.jpg11/19/2018 1:23:02 PM050252aspx1383http://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2018-11-18T22:00:00ZIf you have ever been in a situation where you do not know if your business is going to see month end, or you do not know if you will be able to foot the bills, you will also know that desperate times call for desperate measures.

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