This month we focus on the our Entrepreneurs Growth Centre; look at six essential tips for sound business budgeting; and meet Eugenie Solkow and Anita and Cornie de Beer, our latest square pegs.
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Goldmine of business insight available to all SA entrepreneurs

Through financing small and medium enterprises over more than 34 years, Business Partners Limited (BUSINESS/PARTNERS) has built up an immense store of knowledge and expertise invaluable to any business. It has now found a way of giving South Africa's entrepreneurs quick and free access to that gold mine of information and insight.

Anybody, anywhere in South Africa, can contact BUSINESS/PARTNERS' Entrepreneurs Growth Centre with any question about business – How do I register for VAT? How do I fire a disruptive employee without running into trouble at the CCMA? Is my pricing right? How do I get into exporting? What does the Consumer Protection Act say about offering guarantees to customers? Am I paying too much for my credit card merchant service? Should I buy this building, or go on renting it? Is my business plan any good?


Six essential tips for sound
business budgeting

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. How can business owners put their budget, that most basic of business tools, to best use? Anton Roelofse, regional general manager of Business Partners LImited (BUSINESS/PARTNERS), has six essential tips for sound business budgeting.

Be realistic

The basis of every budget is an estimate of the income of the business. The more accurate the revenue estimate, the more sturdy and useful the budget is for the business owner. The problem, says Roelofse, is that the income estimate is also the part of the budget that business owners most often get wrong.
March 2015 / Vol.6.2


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square peg?

This quiz is not scientific but serves to highlight some of the key attributes of entrepreneurs or “square pegs”, as we at Business Partners affectionately call them. The quiz should give you some idea on whether you “possess” entrepreneurial qualities, or not. However, please remember that a positive outcome/score is not a recipe for success.
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Running a tight ship on the high sea of retail

For those not familiar with retail, and particularly the fashion trade, it may seem like a simple exercise to work out the budget for a single clothing shop, but Eugenie Solkow knows just how complicated it can be.

For the past 24 years, Solkow has been running the independent clothing store Yacht Squadron together with her own clothing brand Indigo in the V&A Waterfront in Cape Town. While budgeting for the operations of small clothing store with about seven employees may seem straight forward, the difficulty lies in planning the stock mix to keep on thriving in South Africa's busiest tourist hub.


Family business hits on recipe for success

A few years back, while most of the business world was cutting back and retrenching in the aftermath of the biggest financial crisis since the Great Depression, a small family business in Stellenbosch, Beertjie Beskuit, was grappling with the opposite – explosive growth.

Their traditional rusks which started as a hobby in the family kitchen are not exactly recession-proof products. Yet the growth was so dramatic that Anita de Beer and her husband Cornie still blink every now and then, wondering what happened.

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