%

26 Mar 24

Price Your Products for Profit with these Psychological Strategies

Brendmo Chartered Accountants

“Find the right price for an irresistible offer, which, by the way, isn’t necessarily the lower price.” ― (W. Chan Kim, Business strategy advisor and author) A good businessperson pays attention to the price of their products. With accountants by their side, they wisely analyse every expense, tax and logistical…

27 Feb 24

Budget 2024: How It Affects You and Your Business

Brendmo Chartered Accountants

“Our bigger challenge… is that our pie is not growing fast enough and this limits our ability to generate sufficient revenues to distribute among our priority areas.” (Finance Minister Enoch Godongwana – Budget 2024) Finance Minister Enoch Godongwana’s third Budget Speech in an election year contained few surprises, but also…

27 Feb 24

Things to Look for When Buying a Small Business

Brendmo Chartered Accountants

“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”- (Warren Buffett, investor, businessman and philanthropist) When buying a small business there are a number of things that need to be checked before pulling the trigger and signing the contract.…

27 Feb 24

The Five Skills Your Business Needs to Cultivate in 2024

Brendmo Chartered Accountants

“The only thing worse than training your employees and having them leave is not training them and having them stay.” – (Henry Ford, Founder, Ford Motor Company) In a world where everything seems more expensive today than it was yesterday training and advancement of staff can seem of lesser importance.…

30 Jan 24

Adapt or Die: How to Develop a Digital Transformation Strategy

Brendmo Chartered Accountants

“At least 40% of all businesses will die in the next 10 years… if they don’t figure out how to change their entire company to accommodate new technologies.” John Chambers, former CEO of Cisco Systems) Around the boardroom tables of the world, one thing is on every agenda – digital…

05 Jan 24

How to Survive Ongoing High Interest Rates in 2024

Brendmo Chartered Accountants

“Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.” (Robert Orben, comedian and writer) Interest rates and inflation are a nasty partnership that can, if managed badly, derail any small to medium enterprise. Their effects are felt in…

27 Sep 23

Tips for Pacing Business Growth for Sustainability

Brendmo Chartered Accountants

“Growth is never by mere chance; it is the result of forces working together” – (James Cash Penney, Founder of JCPenney) Every business decision carries profound consequences for the enduring existence of the organisation, and this is no more true than when it is applied to those decisions affecting business…

27 Sep 23

Don’t Fall Prey to the Most Common Cybercrimes!

Brendmo Chartered Accountants

“The bottom line is that cyber risks sit right alongside rising systemic risks, and is the biggest emerging, and constantly evolving risk facing businesses today.” (SHA Specialist Risk Review 2022) In Africa, Interpol has identified phishing – particularly Business Email Compromise (BEC) – as well as online scams, as both…

29 Aug 23

Using a “Risk Matrix” to Risk-Proof Your Business

Brendmo Chartered Accountants

“Don’t be fearful of risks. Understand them, and manage and minimize them to an acceptable level.” (Naved Abdali, Financial journalist and author) Managing risk in your business is absolutely critical for developing it to success. Knowing exactly which threats are really relevant and which will help any leader to develop…

28 Jun 23

How to Prepare for a Possible Electricity Blackout

Brendmo Chartered Accountants

“Eskom plays a critical role in the life of South Africa, and life of South Africans. Due to its important role in the economy, its inability to provide electricity on demand and on time is a crisis.” (President Cyril Ramaphosa) The South African Reserve Bank’s Financial Sector Contingency Forum (FSCF)…