Five-step health check for your business

By: Olivier Barbeau – regular contributor

February is usually the end of the financial year for many businesses. It is also when the Minister of Finance delivers his budget speech highlighting the significant tax changes for the next financial year

What better time is there than now to perform this quick and easy financial health check: If you’re hoping to make this new financial year a rewarding and productive one, now is the time to start making the changes.

Read more: Five-step health check for your business

Understanding profit

By Olivier Barbeau – regular contributor

Turnover is vanity, profitability is sanity

You may think you know what drives your business’ profitability, but it is quite possible you don’t. We frequently encounter small and medium-sized enterprise (SME) owners who are passionate about what they do but rarely examine what lies behind the ups and downs of their income statement.

Read more: Understanding profit

Take a break

By: Olivier Barbeau – regular contributor

Can you afford to go on leave as a small-business owner?

Small-business owners (SBOs) don’t take enough vacation time. For most people, going on holiday usually means times and places we go to relax, rejuvenate our energies, and have fun. However, as an SBO, you often associate holidays as the period bracketed by increased workloads, sometimes building stress upon your return that wastes away the motivational and energy reserves you just stocked.

Read more: Take a break

Seven deadly sins – Why businesses fail

By: Olivier Barbeau – regular contributor

“Bad things happen when good people pretend nothing is wrong.”

 The recent spate of corporate failures in South Africa should be a stark remind to all of us to have another close look at our own businesses. Why do some businesses succeed where others fail? Is it just a matter of luck? Unfortunately the reality is that there are common mistakes that kill many businesses before they even get off the ground.

Read more: Seven deadly sins – Why businesses fail

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