Fill in your details below and one of our friendly consultants will call you back as soon as possible.
  • This field is for validation purposes and should be left unchanged.

Follow us on Twitter

  • Happy Mandela Day! 🇿🇦 ✊ One of our greatest heroes who left behind an international legacy. How are you spending… https://t.co/PiMRfT9Iyj 16 hours ago
  • #Radix is awesome, if you're looking for a cloud solution they are the team to talk to. https://t.co/N8R5RNtL4L 1 day ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, the only time it’s appropriate for Action to come before Thought is in the dictionary! Ou… 1 day ago
  • Sometimes you just need to think outside the box! When you're met with a challenge, find inspiration outside your… https://t.co/PAqiXCh5QS 2 days ago
  • Sometimes you just need to think outside the box! When you're met with a challenge, find inspiration outside your… https://t.co/MH6gnuDNK5 2 days ago
  • RT  @SMESouthAfrica : If you're looking for funding for your business -Learn first-hand what funders look for. -Know why applications are dec… 2 days ago
  • Imagine linking this ecosystem with  @SME_SnapShot ’s real time financial analytics dashboard? Removing the guesswork… https://t.co/aDwhEj09bG 5 days ago
  • RT  @TyronneNel : Digital banking coupled with  @SME_SnapShot  real-time analytics dashboard will be a game changer in supporting SME’s https:/… 5 days ago
  • RT  @MsNtuli : I’m looking for social entrepreneurs and enterprises based in Durban. All recommendations (and / or handles) welcome. Thank yo… 6 days ago
  • RT  @asemota :  @TomiDee   @mbuguanjihia   @ABANAngels   @hareharry   @CIOEastAfrica   @DEMOAfrica   @DemoVentures   @AliHKassim   @davidsrose   @EkoNetwork  As… 6 days ago
  • RT  @JoinUsForTEA : Urgent Notice We are looking for an entrepreneur; who owns a vehicle, has a vaild RSA license and in the Tembisa area; w… 6 days ago
  • RT  @innovsummit : There are 100  @AfriLabs  spread across Africa! The network of #tech and #innovation hubs are just growing and we couldn't b… 6 days ago
  • RT  @SME_SnapShot : Once you’ve read the report, get as many entrepreneurs as possible to sign up to our analytics dashboard, so #funders, &… 6 days ago
  • RT  @SME_SnapShot : SME’s & #funders can begin by investing in real time financial analytics. Better financial data mitigates risk and allows… 6 days ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, the chaos you face in your life is more often than not self inflicted. A shorter to do li… 6 days ago
  • RT  @SME_SnapShot : If you’re a #smallbiz #startup and are serious about growth, check out our analytics dashboard. Great for #Funders, #Advi… 6 days ago
  • RT  @SME_SnapShot : Is your business using  @Xero  for accounting? Track your financial analytics in real time and make better decisions. https… 6 days ago
  • RT  @TyronneNel : #SME Advice - Never forget about the details! It’s knowledge of the details that separates the truly exceptional from th… 1 week ago
  • REMINDER 🚨 Don't forget Tax Season closes earlier this year on the 31st October, so don't waste time and start fili… https://t.co/s9gtJMl5cm 1 week ago
  • RT  @TyronneNel : #SME Advice - Entrepreneurship is a marathon & not a sprint, so put in the hours and slowly over time you’ll reap the rewar… 1 week ago

Subscribe to our mailing list

* indicates required
 In News

Bsuiness concept

The majority of entrepreneurs generally fly by the seat of their pants for the first few years of operation, making up their procedures on the go as and when they need to. The problem with this approach is that everything takes on a rather haphazard feel, which generally causes discomfort for the people working with the entrepreneur.

The pace at which entrepreneurs operate often causes them to utter the following words “in the time it takes me to teach somebody, I could have done it myself!” This line of thinking, often leads to the downfall of the entrepreneur as properly trained staff will always make your life easier.

One of the best pieces of advice I ever received was “spend at least one day a week working on your business as opposed to in your business”.

The one day a week spent on your business must be used to firstly document how your business operates. Documenting the various procedures that make up your business is an incredibly important process, as it will become the future “operations and training” manual for current and new staff. While there is no correct way to do this, we suggest that you begin with the processes that happen most often as these are easier to recall and quicker to implement.

Documenting your procedures will allow you to empower your staff thereby freeing you up to do the things that you really love.

Once you have documented the basic procedures of your business, we recommend spending time with your accountant. No, not to listen to him droning on about how grey is a fantastic colour, but to make sure that you understanding the finances of your business. Knowing the financial position of your business will allow you to make important decisions based on fact and not just fancy guesswork.

Once the accounting is taken care of, you will know how much money you have available to spend on other areas of your business like Advertising, IT Systems, Marketing, Research and Development, Staff Training, etc.

Take a day each week to outline a strategy for each of these elements of your business, then document what needs to be done to implement and measure them.

At Phezulu we do more than just mentor clients in business processing, we are in fact your one stop SME shop, assisting with everything from Accounting, Business Management, BEE, Consulting, Company Registration, Payroll and Mentoring.

For more information please visit our website www.phezulu.net or give me a call 087 945 0449

 

Tyronne Nel

Recommended Posts

Leave a Comment

Start typing and press Enter to search

Becoming successful in your small business, not busy!Research and development tax incentive for SA businesses