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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.

 

 

Is the profit downturn at a trough?Is the profit downturn at a trough?http://www.sanlam.co.za/businessblog/articles/Pages/is-the-profit-downturn-at-a-trough.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/ProfitDownturn_ArticleBlogBanner.jpg, /businessblog/PublishingImages/ProfitDownturn_ArticleBlogBanner.jpg9/13/2017 6:50:43 AM091551aspxhttp://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2017-09-12T22:00:00ZIt is odd that South Africa should record a technical recession, reflected in two consecutive quarters of negative GDP growth.
Software, accountancy, and South African businessSoftware, accountancy, and South African businesshttp://www.sanlam.co.za/businessblog/articles/Pages/software-accountancy-and-south-african-business.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/Tips1_ArticleBlogBanner.jpg, /businessblog/PublishingImages/Tips1_ArticleBlogBanner.jpg1/31/2017 2:24:58 PM091585aspxhttp://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2017-01-30T22:00:00ZThe more time accountants spend on repetitive admin tasks, the less they have to offer from a strategic standpoint. With the help of cloud-based software, many mundane processes can now be automated.

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5 Things that will change your business for the better (Article 2 of 2)5 Things that will change your business for the better (Article 2 of 2)http://www.sanlam.co.za/businessblog/articles/Pages/change-your-business.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/things_that_chnge_banner.jpg, /businessblog/PublishingImages/things_that_chnge_banner.jpg4/16/2019 2:06:12 PM015784aspx1443http://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2019-04-15T22:00:00ZWe are all looking for the silver bullet to propel our businesses to success and beyond. Advice that works for one business, does not necessarily work for another. The proof lies in the implementation of ideas and advice elements.

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