Danie Slabbert Articles

I have recently read the book. JEFF SANDS is a corporate turnaround specialist who has devoted his career to saving businesses, jobs, and the communities they support. He grew up in a family manufacturing business and returned in his thirties [...]

  An effective remuneration system is essential to attract, motivate and retain skilled employees. Here are some important elements that constitute a good remuneration system: Competitiveness The overall pay package should be competitive compared to other organisations in the same [...]

Determination A strong drive is necessary for overcoming obstacles and meeting company goals. Determination often is what separates successful entrepreneurs from others. Risk-taking Business requires making decisions that may involve considerable risk. Being a risk-taker isn't about making haphazard decisions; [...]

Successfully implementing strategic plans and executing business strategy is a vital aspect of corporate success. Here are some steps that could help ensure effective execution: Set Clear Goals and Objectives Clearly define your goals and objectives. This gives you a [...]

Designing a company's strategies involves comprehensive analysis, planning, and implementation to ensure the company achieves its goals and objectives. Here's a step-by-step guide on how this can be done:  Define Your Vision Start by defining the company’s long-term vision. Where [...]

  The expectations for net profit as a percentage of revenue and return on investment (ROI) in a small to medium enterprise (SME) can vary significantly based on numerous factors such as the industry, geographical location, stage of the business, [...]

  Delegation is a vital management skill, allowing you to allocate tasks efficiently while also developing your team members. Below are the critical steps: Identify the Task First, determine which tasks are necessary and can be delegated. They should not [...]

Developing a team in a small to medium-sized enterprise (SME) involves several critical factors. These include hiring the right people, developing a positive culture, encouraging effective communication, providing ongoing training and development, fostering leadership, and evaluating performance regularly. Hiring the [...]

Becoming a successful entrepreneur requires a certain set of traits and characteristics. They are as follows: Resilience Entrepreneurs often face disappointments and obstacles; resilience and tenacity are key to pushing through tough times. Self-Motivation Entrepreneurs are driven by a desire [...]

Budgeting and Forecasting Proactive budgeting and robust financial forecasting are crucial for effective cash flow management. This includes predicting both cash inflows and outflows for a particular period, taking into account factors such as market conditions, historical data, and future [...]

Company culture, the shared ethos and values within an organisation, is a crucial aspect of any business. It impacts everything from employee engagement to business performance. Here are some important elements of company culture: Mission, Vision, and Values The bedrock [...]

It’s not unusual for a business to focus on top-line revenue growth or expansion into new geographic areas. One challenge with the growth of top-line revenue is that you normally don’t grow your cash flow at the same percentage. When [...]