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SME confidence up, but not all plain sailing ahead

Against a challenging economic background, broad small business confidence indicators have exhibited a unanimous quarterly uptick. This was revealed in the third quarter 2018 Business Partners Limited SME Index – a survey measuring the attitudes and confidence levels of South African small and medium enterprise (SME) owners.

SME’s confidence that their business will experience growth in the next 12 months rose by 7 percentage points from the second quarter to 77 percent, a year-on-year increase of 5 percentage points was reported. This is likely driven by the quarterly boost in confidence that SMEs have in the local economy being conducive for business growth (up by 10 percentage points quarterly and 5 percentage points year-on-year to 58 percent), as well as their improved confidence that access to finance will become easier.

Commenting on the Index, Mark Paper, Chief Operating Officer of Business Partners Limited (BUSINESS/PARTNERS), says that while the recent boost in confidence is in line with the positive gross domestic product (GDP) data for the third quarter, businesses should not become complacent.

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How to maximise the holiday season rush for your business

Often the problem with businesses that peak in the end-of-year Christmas and holiday season is that it almost automatically feels successful - the business is running on all cylinders, staff are at full complement and customers are plentiful.

These feelings of abundance are part of the joys of business, but it can take the edge off your team’s effort to make the most of every customer who comes through the door. When the store is full, the urgency to attract even more customers can easily evaporate.

Here is a list of ideas on how to keep your team’s attention firmly on maximising the holiday rush:

  • Set aspirational targets: Don’t let your sales staff compare their performance against the quiet months. The Christmas rush will make them feel good even if they do little. Rather use the positive experience to energise them to attain clear aspirational targets.
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December 2018 / Vol.9.10

IN THIS ISSUE:

Imagine starting a business and a degree at the same time - this entrepreneur did

When Prashun Sharma, owner-manager of the glass and aluminium company Aluminium Doctor, decided to start his business seven years ago he faced an overtraded industry teeming with informal bakkie operators.

The glass and aluminium industry had just gone through a horrible contraction following the Soccer World Cup construction boom in 2010, and many of the industry’s retrenched tradespeople were starting up their own informal glass and aluminium installation operations to make ends meet.

Prashun, who was also retrenched from his senior management job at a large aluminium company at the age of 29, decided to try the same thing, but with one big difference: He was going to build a formal, compliant company, professional to its very core.
 

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Determined entrepreneur hits gold-mine by pursuing his dream
 

Dave Coleman always wanted to be in the movies. He still remembers his school mates’ laughter when he revealed his ambition to them, but it never stopped him from dreaming. Eventually, he did not become a movie star, but it was through movies that he propelled himself out of poverty and into business success in a career worthy of a movie plot.

Today, the 55-year-old entrepreneur and property owner runs two successful gyms in Port Elizabeth, a world away from the hard-scrabble life in which he grew up. He was raised first by his grandparents in Uitenhage and then by his single mother, whom he describes as “the hardest working person in the world”.  She used to work as a domestic servant during the day and as a caretaker of the elderly at night to provide for her four children.

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Unit 22,
Richards Bay CBD Mini Factory
Richards Bay

Property type: Industrial unit

Location: Unit 22, Richards Bay CBD Mini Factory, 5 -7 Rupee Rif

Size: 135.5m²

Rental: R5 420

Availability: Immediately

Features: Armed response, ablution facility, water supply, cleaning, and waste removal.

Contact:
Feroz Khan
082 821 4305
fkhan
@businesspartners.co.za


 

Unit 27,
Dickswell Building
Pinetown
 

Property type: Office space

Location: Unit 27, Dickswell Building, 92-96 Josiah Gumede Rd, Pinetown

Size: 120m²

Rental: R4 500

Availability: Immediately

Features: Waste removal.

Contact:
Rani Veerasamy
079 533 3754
rveerasamy
@businesspartners.co.za



 

Unit 12,
Eldo Square Shopping Centre
Centurion

Property type: Retail space

Location: Unit 12, Eldo Square Shopping Centre, Eldoraigne

Size: 175m²

Rental: R31 500

Availability: Immediately

Features: Kitchen, water supply, cleaning, waste removal, air conditioning, geyser (hot water), and receiving area.

Contact:
Nicole Wannies
076 641 3292
nwannies
@businesspartners.co.za

 

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