Using Referrals to Grow Your Business

referralIt’s an old adage of business: your net worth is your network. No matter what industry you operate in, from finance to entertainment to manufacturing, the more clients you serve successfully the greater are your chances for growth and success. One fantastic way to expand your client network is through the proper use of referrals.

Many small business owners and self-employed entrepreneurs miss out on opportunities because they simply never ask for referrals. Sometimes we assume that our clients will naturally think of referring us simply because they are satisfied with the service we render, while at other times it may seem awkward or a little forward to ask for a referral.

In order to use referrals successfully as a tool for growing your business, you will need to know when and how to request them. Continue reading

Slow Growth: How will it Affect South Africa and You?

success - bear marketRecent financial statistics indicate that South Africa may be headed for a period of slow growth. Economists observe that in 2011, what could go wrong did go wrong: the disastrous earthquake in Japan continues to have economic effects, while the Eurozone is facing a debt crisis and the United States is struggling with a slow recovery. Now these factors would appear to be affecting our economy in South Africa, where Gill Marcus, Governor of the Reserve Bank, recently cut the country’s growth forecast from 4% to 3.2%. Continue reading

The 6 Steps of Financial Planning

financial planningOne of the most important tools in ensuring wealth creation during the course of your working life is the process of financial planning. Most people work hard toward certain goals in life, focussing a great deal of energy on their careers and families. Unfortunately, with the pressures of work and the responsibilities of family life, few people have the time and expertise to plan their finances precisely.

Financial planners are trained to assist you with a variety of important decisions and strategies that are designed to maximise wealth creation and help you to plan for costly life events such as purchasing property and motor vehicles, sending your children to school and university, and of course planning for your retirement. They also specialise in estate planning, tax advice, and can assist you in managing your small business to maximise your wealth. Continue reading

How to Calculate Provisional Tax

tax - calculate provisional taxWith the 2011 tax season in full swing, people around the country are scrambling to file their returns on time.

If you are a provisional taxpayer, the process is a little more complicated since you will need to calculate how much provisional tax you are required to pay. While calculating your provisional tax may take a little time, the process is not as complicated as some may think. We have provided a quick guide to provisional tax that will help you file your returns on time and with the minimum inconvenience and frustration. Continue reading