Where to spend on your business - to save
Minimising costs is key to running a successful business, however, there are some core areas of a business for which it is imperative to spend – ultimately in order to save. While spending to save may sound like a paradox, Kobus Engelbrecht, spokesperson for the 2016 Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS , says that spending a little extra on certain services will not only save you in the long run, but will also save you time – the most valuable commodity for an entrepreneur. “Time is one of the biggest issues facing small to medium business owners the world over and time to an entrepreneur can be more valuable than money. Often, an entrepreneur is attempting to play all roles in a business, but instead, he or she should be allocating budget to specific areas in their business, so that they can place more time and value on what they do best, driving a business’ vision. For example, should a geyser burst, one wouldn’t spend time trying ...