The 40% Rule: Do You Have Too Many Eggs in One Basket?
“Don’t put all your eggs in one basket.” (Idiom) Most founders track revenue growth. Fewer track where that revenue comes from. Client concentration risk arises when a single customer, or a small cluster of customers, accounts for a disproportionate share...
“Invisible Work”: 3 Labour-Intensive Things Customers Will Never Pay For
“There is nothing so useless as doing efficiently that which should not be done at all.” (Peter Drucker, Author of “The Effective Executive”, 1966) “Invisible work” is the non-value-added tasks that act as a hidden tax on your profit and growth. It is the...
When Growth Is a Tax Problem
“As your profitability grows, your taxes will too. In fact, paying more taxes is an indicator that your business health is improving.” (Mike Michalowicz) Business owners work hard to grow revenue and increase profit. What often receives less attention is how...
How to Create a Team Building Experience That Really Works
“Great things in business are never done by one person; they’re done by a team of people.” (Steve Jobs) As a small business owner, every rand you spend needs to return value, and your team building events are no exception. When structured properly, team building...
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