Syllabus Topics Archives - Page 16 of 29

It took a year for customers to smell the coffee

Aug 15 2017 16:14 Liziwe Ndalana

Gcobani Gogoba and his girlfriend, Ntombizodwa Skuza, started selling four cups of coffee a day from the boot of their car. Today they sell about 200 cups a day. (Pic: Zukile Daniel, News24)

Cape Town – After working in the hospitality industry for four years, Gcobani Gogoba started toying with the idea of having his own coffee selling business in the townships.

The idea of bringing the kind of coffee sold in the city centre to the townships started to haunt him.

But many fears clouded his dream.

“You think of getting robbed and killed, you think it won’t work… of leaving the job that you love… so many fears in front of you that make the dream not so clear,” the 29-year-old entrepreneur told Fin24 at his coffee shop in Philippi Village.

His first coffee station was and still is operated […]

Estie2017-09-30T10:53:19+02:00September 30th, 2017|2017 Case Study, Entrepreneurship, Recources, Syllabus Topics|

Financial Habits for Successful People

When it comes to your finances, it is very important to build good habits that help you achieve your goals and keep your financial state stable. You should always be informed on the current state of your finances and that of the world around you (fluctuations of prices, taxes, wages, etc.). Here are some good financial habits to develop that will keep your finances sorted:

1 Always have a clear idea of the state of your income – where your income comes from and how much you make. Whether you rely solely on your job or you earn money from investing in shares, you should always know exactly how much you are making and what you use it for.

2 Set aside for all types of expenses – organize your finances and make sure you know how much you need to spend on daily and monthly expenses. There will always be unexpected expenses you […]

Estie2017-09-30T10:50:00+02:00September 30th, 2017|Finance, Recources, Syllabus Topics|

Top tips to make saving a lifestyle

Lameez Omarjee and Carin Smith
2017-07-07 20:09

Johannesburg – Saving should not be seen as a once-off exercise.
According to Ester Ochse, product specialist at FNB, consumers should re-evaluate their lifestyle and make saving part of it.

Ochse shares a few habits consumers can adopt to achieve this.
Among these include buying what you need. “Determine what you need and what you don’t need. Sometimes we become ‘impulse buyers’ and tend to waste our money on unnecessary clothes, cosmetics, toiletries,” she says.

Cooking at home is also a more cost effective option than buying take-outs daily, explains Ochse. “You will be surprised at how much you can save by just cooking a healthy meal for your family. An added bonus is that you can take leftovers for lunch the next day.”

Save spare change in an account, suggests Ochse. Instead of putting your loose coins or notes under the bed or couch, open a savings account. Another […]

Estie2017-07-28T05:46:41+02:00July 28th, 2017|Investment and insurance, Recources, Syllabus Topics|

Five steps to cracking cashflow

10 July 2017 | BY: RICHARD MUKHEIBIR
Cashflow is one of the cornerstones of your business because if you can’t get it right, your business will crumble.

In theory, cashflow is pretty simple. Cash flows in and out of business. If you’ve got more coming in than going out, your cashflow is positive. If it’s the other way round, your cashflow is negative – and you’re heading for some crunch.

1. Know your cashflow
It is possible to have negative cashflow but still be profitable.

12 easy ways to commit to saving

2017-07-01

Johannesburg – Saving is largely dependent on willpower and discipline, according to the South African Savings Institute (SASI).

Chairperson Prem Govender explained that South Africans have to improve their attitude to saving, given the credit ratings downgrade and the low growth economic environment. “Many South Africans are struggling to save not only due to income challenges, but also the lack of willpower and commitment,” said Govender.

Data from the South African Reserve Bank (SARB) shows that in the past 16 years there has been a decline in the savings rate, explained Govender. It reached as low as -2.70% in 2013. The savings rate increased from -0.50% in the last quarter of 2016 to -0.30% in the first quarter of 2017.

This has been accompanied by a reduction in household debt. Data from SARB shows on an annual basis, the growth in household debt slowed from 4.6% in 2015 to 3.9% in 2016. Further, […]

Estie2017-07-28T05:40:59+02:00July 28th, 2017|Investment and insurance, Recources, Syllabus Topics|

Sorting Risk and Uncertainty

This article is reprinted from the Summer 2017 edition of the Nonprofit Quarterly, “Nonprofit Graduation: Evolving from Risk Management to Risk Leadership.”
________________________________________
As [Frank] Knight saw it, an ever-changing world brings new opportunities for businesses to make profits, but also means we have imperfect knowledge of future events. Therefore, according to Knight, risk applies to situations where we do not know the outcome of a given situation, but can accurately measure the odds. Uncertainty, on the other hand, applies to situations where we cannot know all the information we need in order to set accurate odds in the first place.
—Peter Dizikes

The distinction vis-à-vis for-profits, described by MIT News staff writer Peter Dizikes, above, can also be applied to the nonprofit sector—except that in the non-profit sector, risk is not measured so much against reward as against organizational harm prevention. And therein lies a profound attitude problem.

The Nonprofit Quarterly has always engaged […]

Estie2017-07-27T14:42:49+02:00July 27th, 2017|Environments, Recources, Syllabus Topics|

Why SWOT analysis sucks – and how to make it better with future trends

The above graphic depicts SWOT Analysis, a business strategy tool that invites executives to ponder their firm’s strategic position by considering their own inherent Strengths and Weaknesses. Then, considering whatever change is happening in the market space, executives look for potential Opportunities and Threats, based on their assessment of their own firm.

When SWOT was unveiled as an analytical tools for business, it allowed for an abstract view of strategic positioning that was innovative for the time, and better than nothing. The proposed value of the tool is that it makes you stop and think about what your firm is doing and how competitors might exploit that.

An example of a SWOT analysis might look like this:

“What’s wrong what that?” you […]

Estie2017-07-28T05:39:05+02:00July 27th, 2017|Environments, Performance of the business, Recources, Syllabus Topics|

Too Convenient? A Mobile Supermarket That Comes To You

July 5 2017 Glenn McDonald

A prototype Moby Mart is being tested in Shanghai. Per Cromwell, the project’s lead designer, says four to six additional mobile supermarkets are planned in the coming year.

Browse the science fiction aisles and you can find all sorts of dystopian future visions — environmental catastrophes, robot overlords, zombie swarms, triffids. Oddly enough, one of the spookiest scenarios ever conjured comes from a kids’ movie.

The 2008 Pixar film WALL-E imagines a future in which end-stage consumerism has run amok, leaving the planet utterly trashed and turning humans into helpless, sedentary slugs. By creating a future in which everything is prepared, packaged and delivered by machines, we effectively create a consumer apocalypse, […]

Estie2017-07-27T14:36:39+02:00July 27th, 2017|2017 Case Study, Environments, Recources, Syllabus Topics|

Nigeria’s economic growth to overtake South Africa next year

Phila Mzamo on July 25 2017 in News

The International Monetary Fund (IMF) has predicted that the Nigerian economy will expand by 1.9% in 2018, higher than the 1.2% it estimated for the South African economy, though.

In addition, the multilateral institution projected that Nigeria would exit the biting economic recession this year with a slim economic growth of 0.8%, just as it predicted that South Africa, would also record 1% growth in its Gross Domestic Product (GDP) this year. The fund made the predictions in its World Economic Outlook (WEO) for July 2017, titled: ‘A Firming Recovery,’ that was obtained on its website.

WEO’s breakdown
The South economy entered recession for the first time in eight years in 2017, this according to data from Statistics South Africa presented in June. Similarly, the Nigerian economy sank into its worst economic recession in 29 years last year and has seen government pursuing expansionary fiscal policies […]

Estie2017-07-27T14:26:36+02:00July 27th, 2017|Environments, Recources, Syllabus Topics|

How much you would need to save every month to retire a millionaire in South Africa

20 February 2017

One of the biggest concerns facing South African households today is saving up enough money for retirement. While we tend to contribute towards a retirement annuity and/or pension plan every month, it can often fall to the back of our minds before becoming a serious factor as we near retirement age.

With South Africans now living longer it has also become harder to determine “how much is enough” to retire. With that in mind, BusinessTech approached several prominent financial analysts to determine how much we would need to save – at various ages – to retire a millionaire at 65 in South Africa.

The calculations specifically focus on savings, as it can be an immensely difficult task to calculate RAs and pension plans due to their personalised and complex nature. The calculations are also not intended to act as financial advice, but rather to illustrate the importance of saving as […]

Estie2017-07-27T14:25:12+02:00July 27th, 2017|Finance, Investment and insurance, Recources, Syllabus Topics|