| Strategies for business owners to expand their customer base | | https://www.businesspartners.africa/media-centre/media-releases/namibia/strategies-for-business-owners-to-expand-their-customer-base | Strategies for business owners to expand their customer base | Attracting new customers while nurturing your regulars can often seem like a delicate balancing act. The truth of the matter, however, is that there are some tried-and-tested methods for growing your customer base without the risk of losing your business’ bread and butter. | 2019/09/19 10:00:00 PM | | |
| FOSTERING STRONG COMMUNITY LOYALTY FOR YOUR BUSINESS | | https://www.businesspartners.africa/media-centre/media-releases/uganda/fostering-strong-community-loyalty-for-your-business1 | FOSTERING STRONG COMMUNITY LOYALTY FOR YOUR BUSINESS | Many businesses make a point of giving back to the community in order to foster goodwill and inspire customer loyalty for their business. But charitable giving is merely the tip of the iceberg when it comes to the ways in which businesses can contribute towards the welfare of their communities and cement their position as good corporate citizens. | 2019/09/19 10:00:00 PM | | |
| Immunising businesses against employee fraud | | https://www.businesspartners.africa/media-centre/media-releases/namibia/immunising-businesses-against-employee-fraud | Immunising businesses against employee fraud | The Association of Certified Fraud Examiners’ (ACFE) 2018 Global Study on Occupational Fraud and Abuse, revealed that 267 cases of work-related fraud in Sub-Saharan Africa caused an average loss of USD 90,000 and lasted an average of 12 months before they were detected. This is because many businesses do not have proper internal controls in place. | 2019/09/18 10:00:00 PM | | |
| KEEPING AN EYE ON COMPETITORS IS VITAL FOR GROWING YOUR BUSINESS | | https://www.businesspartners.africa/media-centre/media-releases/namibia/keeping-an-eye-on-competitors-is-vital-for-growing-your-business | KEEPING AN EYE ON COMPETITORS IS VITAL FOR GROWING YOUR BUSINESS | While a competitive matrix analysis is now a staple of any modern business plan, simply identifying your company’s competitive advantage during the business planning stage is no longer enough to ensure business sustainability in today’s fast-paced and ever-evolving commercial landscape. | 2019/09/18 10:00:00 PM | | |
| GET YOUR BUSINESS “FINANCE READY” | | https://www.businesspartners.africa/media-centre/media-releases/malawi/get-your-business-finance-ready-1 | GET YOUR BUSINESS “FINANCE READY” | Small and medium enterprises (SMEs) contribute up to 60 percent of all employment and as much as 40 percent of all GDP in emerging economies, according to the World Bank. As such, it is vital for the SME sector and business owners in Africa to flourish in order to bolster job creation and contribute to the GDP. | 2019/09/17 10:00:00 PM | | |
| Why taking a holiday can be the true test of a business | | https://www.businesspartners.africa/media-centre/media-releases/namibia/why-taking-a-holiday-can-be-the-true-test-of-a-business | Why taking a holiday can be the true test of a business | A surefire way for entrepreneurs to do a health check on their business is to plan a holiday. This is according to Gerschwyne van Wyk, Country Manager at Business Partners Namibia (BUSINESS/PARTNERS), who says that stepping away from one’s business for a week can in fact help to find its weaknesses. | 2018/06/12 10:00:00 PM | | |
| Debt can be good for SMEs if managed well | | https://www.businesspartners.africa/media-centre/media-releases/namibia/debt-can-be-good-for-smes-if-managed-well | Debt can be good for SMEs if managed well | The word “debt” often has negative connotations for small businesses as it can be associated with financial trouble. However, it should be noted that it is often a vital resource that allows a business to grow. This is according to Gerschwyne van Wyk, Country Manager at Business Partners Namibia (BUSINESS/PARTNERS), who says that although outward signs of a successful business are profitability, asset growth and happy employees, a crucial additional indicator signifying its financial health is the way in which it manages its debt. | 2018/05/01 10:00:00 PM | | |
| Equity vs. Debt: how should entrepreneurs fund their business ventures? | | https://www.businesspartners.africa/media-centre/media-releases/namibia/equity-vs-debt-how-should-entrepreneurs-fund-their-business-ventures | Equity vs. Debt: how should entrepreneurs fund their business ventures? | Entrepreneurs need to be mindful of the risks associated with sourcing funding for their businesses. Similarly, the choice between funding a business with debt or equity will have major implications for the company down the line. | 2018/04/11 10:00:00 PM | | |
| Eight characteristics of a resilient entrepreneur | | https://www.businesspartners.africa/media-centre/media-releases/namibia/eight-characteristics-of-a-resilient-entrepreneur | Eight characteristics of a resilient entrepreneur | Building a business is not a sprint, but a marathon, with hills, headwinds, heat and dust. Those entrepreneurs who succeed are not necessarily the fastest or the strongest, but those who are able to endure the ups and downs. | 2018/04/09 10:00:00 PM | | |
| Six essential tips for sound budgeting for small business | | https://www.businesspartners.africa/media-centre/media-releases/namibia/six-essential-tips-for-sound-budgeting-for-small-business | Six essential tips for sound budgeting for small business | A business without a working budget is like a car without a fuel gauge – it will drive for a while, but will run out of fuel when the driver least expects it. This is according to Gerschwyne van Wyk, Country Manager at Business Partners Namibia (BUSINESS/PARTNERS), who provides small and medium enterprises (SMEs) with six essential tips for sound business budgeting. | 2018/03/14 10:00:00 PM | | |
| Entrepreneurs to think differently about new year resolutions | | https://www.businesspartners.africa/media-centre/media-releases/namibia/entrepreneurs-to-think-differently-about-new-year-resolutions | Entrepreneurs to think differently about new year resolutions | The beginning of a year is infamous for all types of aspirational New Year’s resolutions. However, the number of gym routines and diets that are abandoned by February are enough to make anyone cynical about these resolutions. | 2018/02/22 10:00:00 PM | | |
| Are you pitching your business short? | | https://www.businesspartners.africa/media-centre/media-releases/namibia/are-you-pitching-your-business-short | Are you pitching your business short? | Access to funding is often cited as the greatest hurdle to starting a business. However, contrary to the belief of many entrepreneurs, there are several institutions with funding available in Namibia which too often aren’t tactically tapped into. | 2017/11/14 10:00:00 PM | | |
| Entrepreneurs urged to prioritise cash-flow | | https://www.businesspartners.africa/media-centre/media-releases/namibia/entrepreneurs-urged-to-prioritise-cash-flow | Entrepreneurs urged to prioritise cash-flow | The 2017 Global Entrepreneurship Index ranks Namibia 60 out of the 137 participating countries, with the index listing access to risk capital as one of the weakest pillars of the country’s entrepreneurial ecosystem. As many entrepreneurs struggle to obtain funding, once securing capital to either start or grow your business, it is imperative small and medium enterprise (SME) owners ensure they adhere to planned budgets to insure a steady cash-flow - a crucial element for the survival of any business. | 2017/10/31 10:00:00 PM | | |
