Martin spoke about how your small business can survive and thrive in tough economic conditions by doing the following:
Improve efficiency and streamline processes
- Manage cash flow
Scroll down for quotes from the audio below.
You mustn’t lose the ‘hustle factor’.— Nazeem Martin
Focussing on expenses can be demoralising.— Nazeem Martin
Don’t cut your marketing expenses! Running a business without marketing is like winking at a beautiful woman in the dark.— Nazeem Martin
When you delight your customers during tough times, they’re yours for life!— Nazeem Martin
Try to persuade your suppliers to give you some breathing room. You could also persuade your customers to pay a little earlier, even if you have to give them a slight discount. You must have cash flow to keep your business running.— Nazeem Martin
Refrain from diversifying into areas you know little about.— Nazeem Martin
Continually come up with new products in the fields that you’re an expert in.— Nazeem Martin
Recommendedby NEWSROOM AI
Adopt these strategies and your business will not only survive - but thrive - amidst all the doom and gloom.
Bruce Whitfield interviews Aurik Business Incubator Director and CEO Pavlo Phitidis for his weekly small business feature.
Disaster can strike any business anytime, anywhere. Aurik Business Incubator's Pavlo Phitidis talks about crisis management.
Elephant-like businesses can’t eat enough in a 1.4% growth economy while bears are in survival mode. Be a wild dog! Here's how...
Are you a small business owner, or do you dream of becoming one? Learn from three entrepreneurs in the thick of things…
Five South African case studies of small businesses that are booming despite the very tough environment they operate in.
The level of grumpiness today is overwhelming, yet some entrepreneurs, both big and small, are achieving phenomenal growth.
The actions small business owners should undertake to change their offering to struggling big businesses they supply.
Stage 1 load shedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.
Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.
Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.
Eskom spokesperson Khulu Phasiwe says the power utility has instructed municipalities to implement stage one load shedding.
Video footage emerged on Facebook showing two fishermen brutally kicking and stabbing the animal.
The Springboks won a Test game against England on Saturday under the captaincy of Siya Kolisi.
The man has told the Sandton SPCA that he could not locate a nearby veterinary clinic in order to dispose of the dog's carcass.
Callers on The Eusebius McKaiser Show stand behind Ashwin Willemse who walked off the Supersport Rugby set on Saturday.