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So far Bruce Wade has created 10 blog entries.

We welcome the new Cape Chamber President

EM Solutions welcomes the incoming Cape Chamber of Commerce President Mr Geoffrey Jacobs who takes over the reins from Janine Myburgh.

Geoff holds a Master degree in Business management and currently focuses his business efforts on Human Resources with over 22 years of experience.  As a former school principal, he also brings a deep understanding of the education system.

The new Deputy President is Jacque Moolman, a Swiss-trained hotelier and current GM of the Tsogo Sun Waterfront hotel in Cape Town.

Also voted in by the Board is Stephane Rogovsky, CEO of R-Squared Digital SA, who will join me Bruce Wade to head up the Innovation and Digital Portfolio Committee at the Chamber.

We look forward to working with the new leadership and helping develop a solid and positive impact in the business sector well into the future.

A big thanks must be extended to Janine for her awesome and impactful 5 years as President of the chamber. We have seen her personality impact every aspect of the business sector in Cape Town and across the globe. She leaves big shoes to fill and a legacy that will remain for many years to come.

By |2026-03-11T11:53:13+02:00March 12th, 2019|Uncategorized|0 Comments

Rules for Prototyping

A recent article on Techco by Tishin Donkersley gives us some simple rule to know when developing your idea from ideation to prototype stage. Here is what she had to say:

  1. Have a Purpose and a Plan
  2. It doesn’t have to be perfect
  3. It’ll take longer than you think
  4. The design will change
  5. Quality = Cost
  6. Find a Mentor

We fully agree with each of these and encourage our innovation clients to come prepared for failure, iteration and a journey of exploration of both themselves and their product.

To read the full article: http://go.conceptdesign.co.za/what-you-need-to-know#https://tech.co/6-tips-prototyping-idea-scratch-2017-11

By |2018-09-17T10:47:49+02:00September 17th, 2018|Uncategorized|0 Comments

Dreams come true in BotRivier for Portia

 

In the small village of BotRivier just off the N2 on your way to Hermanus, you can find the Botrivier Hotel, a fuel station and a hand full of shops. Other than these and a few outlying wine farms, there is not much else to write about. Until now.

 

Portia is a resident of the informal sector of the town. She and her husband Joe live in an informal home with other members of their family. Parked outside their home is a caravan that they paid R5000 for with the plans to open a business and serve food to the local community and at functions around the town.

Portia started attending business courses offered through the local municipality and SEDA offices. She built up enough money to buy a laptop and printer that she uses to plan her business ideas and keep track of her emails.

Then through an initiative with the Kliphuewel-Dassiefontien Wind Energy Facility who sponsored a programme that we got involved with, this started to become real for Portia.

Her business now registered as Joe’s Braai Place started to gain shape and momentum. A number of planning meetings and site inspections gave rise to the approval of some money to buy equipment and stock. Last week I felt like Father Christmas delivering a carload of items that will help Portia launch her business and start making money.

Portia has been equipped with not only the stock and kitchen tools but enough business tools to give her the jump start she needs to develop a sustainable business in the community.

We are still looking for partners who will continue to work alongside her after the contract expires at the end of the year to assist Portia in the financial accountability and supply chain issues she will face.

What a privilege and honour to be involved with her to help realise her dreams.

By |2018-09-03T16:21:48+02:00September 3rd, 2018|Uncategorized|0 Comments

Innovation vs Invention

What is the difference between an invention and an innovation? This is the topic of many discussions we seem to be having recently. Does it really matter? Do we need to clearly define these things to get our businesses re-geared for the future and more sustainable?

Well, yes and no. No, it does not matter for the business development side. It does not matter if you are just improving current things in your business (innovation) or creating something unique and new (invention). If it works in your business and makes you more money, then just do it.

But there is a little thing called IP. That Intellectual Property that you may be creating through either an invention or even through innovation. If you create a unique, new idea, design or formula or process: this could be seen as a new IP for your business. And if you have created IP, then you need to protect it from others and ensure that you add it to the balance sheet of assets for your business.

IP consists of a wide variety of things from a simple design to a global patent: each with a number of classes, sub-classes and classifications: each with its own registration process and associated costs. We understand some of this and work closely with people who live and breathe this stuff. So to make it all simple and easier for you, we have created an online assessment process that will help evaluate your IP and give you clear direction on where to proceed without having to have met with a legal team and breaking the bank on your first few visits.

This simple assessment is done and paid for online and in just a few days you will be presented with feedback and a consultation on the best way to move forward with the registration process of your ideas or inventions.

Check out the online process here

By |2018-08-23T11:55:02+02:00August 23rd, 2018|Innovation|0 Comments

Google Duplex: the future is here

Google has released their new Artificial Intelligence platform dubbed Google Duplex. The key aspect of this application is to relieve us humans of mundane tasks that can easily be done by a smart computer giving us more time to do the important stuff like running our businesses.

I the video below you can see, or hear an example of Duplex phoning an actual hair Salon to make an appointment for Lisa. The interactions and understanding of the human conversation are astounding. All the research and data gathered by Google from years of ‘failed’ projects that we have seen come and go online have all added valuable input into this now clever system.

The future is here. I am keen to see where we go from this as we begin to interface AI speech robots with wearable devices and mobile phones. Scary or not: the future has arrived.

By |2018-05-22T13:21:11+02:00May 22nd, 2018|Entrepreneurship, Innovation|0 Comments

Financial Management – The SARS piece of the pie

Income tax is the bane of our business and personal existence, but as upright citizens, we have to pay it. And the time of payment creeps up on us unexpectedly at least twice a year. Provisional tax is paid in Aug and Feb of every year. But those payments are not the actual tax expense that is reflected in our accounting records. Only at the end of the financial year, once all the accounting activities have completed and we have a set of annual financial statements, can we say exactly what profit (or loss) has been made, and therefore exactly what tax is due. Thus, your annual income tax return is a reflection of the final picture for the year.

Against this final financial picture is laid the provisional tax that you have paid during the year to see if you have over/underpaid. Typically the provisional tax is shown as an expense in the financial year until the final accounting entries to calculate the total tax for the year. Then the over/underpayment of tax is added/subtracted to make the tax expense account tie-up with the tax return. Any overpayment (where you paid too much provisional tax) is then shown on the balance sheet as a receivable, but if you owe SARS a bit extra in tax, this will reflect as payable in the accounting records.

It sounds like you only have to think about income tax a few times a year, but if you don’t plan for it, you can end up without enough money to pay it. We suggest putting an estimated amount aside in a separate account every month, to make sure you have enough money to pay SARS. To know what to estimate, you need a good and accurate idea of your monthly profit.

To help you stay on top of your estimated tax bill, give us a ring.

By |2018-05-22T11:00:44+02:00May 22nd, 2018|Financial Management|0 Comments

Become a Game Changer for your industry

Become a Game Changer for your industry. Become extraordinary and a positive influence on those around you. Take your business to new heights

A Game Changer changes the way that something is done, thought about or made for the better. This could be you.

Managing a business through all the phases of development calls for creativity, bravery and many different facets of skills: not all these can be found in books or online.  The Game Changers program offers those who are in the early stages of business development to come together to hone their skills and grow their businesses.

Signup for the next Game Changer program starting in February and join others on a journey over 6 months that will develop both you and your business.

First session:  Thursday 22nd February 09:00 – 13:00

Investment: R500 per month for 6 months: includes a file, notes and worksheets

Reserve your Game Changer place: call Amanda on 021 839 2281

By |2018-01-30T15:54:15+02:00January 31st, 2018|Business Resources, Entrepreneurship|0 Comments

Service Industry Performance Measurement

We continue discussing performance measurement and this week we look at service industry performance measurement.

It is quite difficult to measure performance management for service industries for several reasons:

·         Production and consumption of the service happen at the same time.

·         A service cannot be stored. It must be provided when the customer wants it.

·         Goods manufactured may be identical but the quality of service varies from service to service. The quality of a  service can depend on several factors; i.e., talent, skill, passion for the job, work environment, disposition etc. This makes it difficult to measure the quality of a service.

·         A service has no physical features. Customers can pinpoint physical aspects and attributes of a product that they believe add value. For example the slick looks of a sports car; the curves and contours, the headlights, brakes, exhaust and engine sound.

Fitzgerald and Moon came up with the Building Block Model as a framework for service companies. It helps in designing a system for performance evaluation. There are three blocks of this model; –dimensions, standards and rewards.

Dimensions are aspects of performance which must be measured. Organisations need to identify performance measures using six dimensions, which are similar to the four aspects of the balanced scorecard. These are:

1.       Financial Performance

2.       Competitiveness

3.       Quality

4.       Resource Utilisation

5.       Flexibility

6.       Innovation

Quality, resource utilisation, flexibility and innovation impact future results, whilst financial performance and competitiveness result from past decisions.

Standards: Targets are then set for managers based on three measures:

1.       Ownership –managers should believe in the targets. Participatory budgeting motivates managers to perform.

2.       Achievability –targets should be challenging but also achievable. If too high, managers will be too motivated. Those responsible for results will always push for easier targets so there has to be a delicate balance.

3.       Equity –standards throughout the whole organisation should be uniform. Managers or employees should not individually negotiate targets as those more persuasive will always end up having easy targets.

Rewards Schemes: Performance can be linked to reward schemes by paying managers or employees bonuses if they meet the targets. The following principles apply:

·         Clarity –employees must understand how their performance is being measured.

·         Motivation –bonuses should be adequate enough to motivate staff to perform and reach the targets.        They should be linked to performance so that they do not become an entitlement.

·         Controllability –managers’ performance should be measured within their locus of control.If they can’t    control an aspect of company performance, then it will be unfair to use it to measure their performance.

By |2017-10-18T16:27:15+02:00October 18th, 2017|Entrepreneurship, Strategy|0 Comments