Skip to main content


Changing the Mindset first.


Now following the last posts I am finding it very important one redefine education. Education is a continues learning process and this is not limited to a classroom learning.  We then need to unlearn everything we think we know about business and start learning from people who have been in business, I mean a book can cost you from R120 depending on where you shop. We even have the luxury of the internet where we can download some more books at a small cost.

 This is how we then change the mindset, also with the people we follow on the social media we need to change such small things in order to get in line with business. The mindset of a business person should not be ordinary because now you need to be addressing problems that  people are facing and this requires a different point of view. With this said I encourage people to try and learn things from different sources, there is a quote that says " A person that is only educated at school, is an uneducated person". Keep learning.

Comments

Post a Comment

Popular posts from this blog

Supply

  Supply- supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object ( WikiPedia) I found this topic to be of great interest in a sense that one can be in and out of business because of a supplier. Demand and supply makes up the foundation of an economy. In business we can have an obstacle of a supplier. Recently I have halted selling a product due to a problem I had with a supplier. The supplier ran out of business and it was difficult to even find another supplier nearby. A supplier can increase prices meaning you also have to increase your prices. This seems simple but it tends to be difficult to maintain one’s clientele in such a situation.   This problem of suppliers come with the risk of running a business, one must always be on the look...
2 comments
Read more

Physical efforts

Taking care of your health. When you are in business you are taking care of alot of things and people. One must be both mentally and physically fit to exercise such responsibility. Reading is an exercise for the mind and working out or running is for the body. Business is about trust and how do you trust someone who looks like they are about to give birth? That is unhealthy. Heath concerns me alot and people need to educate themselves about the kind of food they need to eat. A healthy individual will run a healthy business. Physically appearance is everything especially in the service sector. Therefore, be neat, healthy and fit. Exercising for an hour a day will make a whole difference in your life and your business. Develop that mind
1 comment
Read more

Why Recording Transactions is Crucial for Business

Accurate transaction recording is the backbone of any successful business. Whether small or large, businesses must maintain proper financial records to track income, expenses, and financial health. In South Africa, where compliance with tax and financial regulations is crucial, proper bookkeeping ensures smooth operations and legal adherence. Today we explore the significance of recording transactions, the role of source documents, the necessity of securely storing invoices, slips, and bank statements, and what the IFRS for SMEs requires regarding transaction recording.  Why Recording Transactions Matters Recording transactions systematically helps businesses in several ways: Financial Accuracy: Ensures businesses track profits and losses accurately. Legal and Tax Compliance: Proper records are essential for SARS (South African Revenue Service) tax filings. Business Decision-Making: Clear financial records help in making informed investment and operational decisions. Fraud P...
Post a Comment
Read more