Bizoptimised

Business Partners Limited undertook a research project, Q2 2024 SME Confidence Index, earlier this year. A key insight revealed that SMEs have shown resilience, remaining optimistic about their prospects despite ongoing challenges and uncertainty! The index, however also reflects fluctuations in confidence levels across several critical areas. via Bizcommunity.com #sme #smallbusiness #entrepreneurs #entrepreneurship #businesspartners #businessconfidence #businessgrowth #economy

Strategy while a cornerstone for corporates and multi-national companies. Are seldom a top priority for SME business owners. Even for those that know what's entailed, the key principles of where you want your business to be, how to get there, business planning and deliberating choosing where to play and who to focus are just ignored. Often, entrepreneurs tend to spend most of their time on operational issues and confuse operations for strategy! One of the principles is the #VRIO concept. which stands for value, rarity, inimitability, and organization. It is a tool used to help organizations evaluate which of their unique strengths or capabilities meets the criteria to be a sustainable competitive advantage for long-term use, which could provide a view to your core competencies and be used for your USP as well. I use this as a multi-step process using the strengths from the SWOT! So, it's a tool to test whether your strengths provide a competitive advantage. Read on for 6 real-world VRIO analysis examples to help understand the approach! via OnStrategy #strategy #vrio #corecompetencies #swot #businessstrengths #strateicplanning #businessadvisory #sme #smb #businessgrowth #sustainablecompetitiveadvantage #usp #uniquesellingproposition #competitiveadvantage #businessstrategy

The small business sector contributes significantly to the economy. But nore can done as this sector needs all the help it can get! Over the last 2 years, @fasa has worked tirelessly with different stakeholders in government and business to forge partnerships that stimulate entrepreneurship which would ultimately help with job creation. Prior to the elections they were concerned about the lack of traction, but with the GNU could be just what the sector ordered! As they are keen on driving growth initiatives based on the positive results of the #Fasa/Absa Franchise Survey conducted in 2023. The survey looked at the country’s dire unemployment figures and then honed in on the role that franchising plays in providing employment. Get the full story and results of the survey https://buff.ly/3TzzTl7 via Bizcommunity.com James Noble Absa Group #franchise #fasa #absa #smallbusiness #sme #entrepreneurship #entrepreneurs #businessgrowth #economicgrowth #gdp #unemployment #businessmodel

The cost of living is high and all of us won't say no to more money! As we wrap up another year, checkout these 6 Side Hustles for 2025. That could supplement your income. via Forbes Bryan Robinson, Ph.D

Lots of small business owners often miss their revenue targets because of a lack of marketing! And let's be clear marketing is not sales and vice versa! Careful marketing management is one of the pillars of sustainable business growth. Pipedrive has a detailed guideline to help you better understand the concept and realise the benefits! https://buff.ly/4fOful2 #entrepreneur #entrepreneurship #sme #smallbusinessowner #marketingmaagement #marketingstrategy #leadgeneration #brandawareness #businessgrowth #brandrecognition #marketingcampaigns

How to avoid the "Facebook effect"! The perception of your success is very different to the reality! #entrepreneurship #entrepreneurs #smallbusiness #sme #smb #persistence #branding #brandawareness #socialmedia #promotion

How much should you pay yourself as a business owner? Firstly, it's important to know even though you own the business and you're the only shareholder, if you also working in the business, you serve 3 roles! As a shareholder you can receive dividends, a director fees and a salary as an employee! And the salary is rarely going to match what you were earning in your previous role as an employee working for someone else. You also need to consider your cost of living and lifestyle as startups have to build their customer base and revenue over time! via Fortune #entrepreneurship #smallbusiness #smb #sme #startup #founders #foundersalary #foundercompensation

#mondayquotes #mondaymantra #mondaymood #motivationmonday #mondaymotivation #productivity #getthingsdone

So you have a website, well done! How is it generating sales and leads for you? Does your website perform like Amazon or SHEIN? Exactly! This is what is should be doing else there's no return on investment on the domain fees and web development costs annually, Using organic i.e. non paid means to get traffic relies on #SEO, #keywords and content marketing. Entrepreneur Media suggests 8 hacks small business can use to boost website traffic and sales. #entrepreneurs #entrepreneurship #sme #smallbusiness #smb #contentmarketing #keywordresearch #organicmarketing #searchenginemarketing #sem #blogs #searchlistening #marketingstrategy #businessgrowth #leadgeneration

While cashflow is a concern for many business owners, there really are businesses that have too much cash. And don't have a proactive strategy or policy to deal with excess cash. If you're in this situation how would you approach it? While you could pay yourself a bonus or dividend, reinvesting for future growth is a good idea. In these situations, you would also realise very quicky how creative and competent your banker, financial planner and accountant really are! Cunningham & Associates, LLC outlines the benefits of investing your company’s excess cash (AKA profits), and how to get started with the process! #entrepreneurs #entrepreneurship #sme #smallbusiness #smb #financialmanagement #cashflow #businesssuccess #cashflowmanagement #reinvestment #businessgrowth #capitalinvestment #businessinvestment #investmentstrategy