Economic growth is expected to be less than 1.7 per cent this year.<\/p>\n
Rising electricity costs, labour demands, and political uncertainty are all contributing factors, however with it being an election year, it is the political environment that is expected to play a major role in how businesses perform.<\/p>
There are ways that you can \u2018election-proof\u2019 your business in order to limit the effect of the elections.<\/p>\n
In fact, implementing these strategies can even help transform your business and increase profits.<\/p>
\u201cUncertainty is often an unlikely and unexpected breeding ground for opportunity,\u201d said business coach Bert Weenink.<\/p>\n
\u201cAdopting a positive attitude, streamlining processes and persevering can help differentiate you from your competitors particularly in a difficult market.\u201d<\/p>\n
Many business owners will be thinking that spending money on anything right now is dangerous \u2013 even careless.<\/p>\n
This line of thinking is counterproductive – having a carefully planned proactive approach is one of the best possible strategies to take when the economy is under pressure.<\/p>\n
The right approach is to manage your business finances more astutely than ever, evaluating where to spend and where to cut down to remain or even become more profitable.<\/p>\n
Focusing on projects with a good ROI is key.<\/p>\n
<\/p>\n
ALSO READ:<\/span><\/p>\n Business Chatter: Auto Care Germiston, five-star service at cost price<\/a><\/p>\n Business Chatter \u2013 What makes Torga Optical Germiston special<\/a><\/p>\n <\/p>\n It is also important to strengthen and focus your marketing and sales investment and to ensure you develop new sales and marketing strategies that are appropriate to the current situation.<\/p>\n About Bert Weenink<\/strong><\/p>\n Weenink has coached more than 100 businesses \u2013 mostly SMEs \u2013 turning them around from struggling entities into successful profitable organisations.<\/p>\n With over 30 years\u2019 experience in the\u00a0 FMCG industry , he has invaluable experience in running businesses and understanding their functioning from a technical, managerial, systematic and commercial perspective.<\/p>\n He has expert knowledge of manufacturing, agro-processing, supply chain operations, sales and marketing, human resources, risk management, strategic planning, change management and project management.<\/p>\n Weenink will be hosting a workshop titled \u201cHow to Election Proof your Business in 2019\u201d and how to develop a money-making mindset.<\/p>\n The workshop takes place on April 12, from 8am to noon, in Boksburg.<\/p>\n For more information call ActionCOACH Inspire offices on 011\u00a0972 6713.<\/p>\n <\/p>\n Hav<\/strong>e a story?<\/strong><\/p>\n Contact the newsroom by emailing: Melissa Hart (Editor)\u00a0<\/span>germistoncitynews@caxton.co.za\u00a0<\/a><\/strong>or Leigh Hodgson (News Editor)\u00a0<\/span>leighh@caxton.co.za<\/a>\u00a0<\/strong>or Kgotsofalang Mashilo (journalist)\u00a0kgotsofalangm@caxton.co.za<\/strong><\/a><\/p>\n Remember to visit the Germiston City News on the following social media platforms:<\/p>\n Facebook<\/a><\/strong><\/p>\n Twitter<\/a><\/strong><\/p>\n Instagram<\/a><\/strong><\/p>\n YouTube<\/a><\/strong><\/p>\n Or add the GCN on\u00a0<\/b><\/span>WhatsApp 079 406 1181<\/strong>\u00a0<\/span>or\u00a0BBM (BBM Pin: 7F102137)<\/strong>\u00a0<\/b><\/span>today, to get all the latest news.<\/p>\n Catch-up on more local news with our sister newspapers\u00a0<\/span>Bedfordview Edenvale News<\/a><\/strong>,\u00a0<\/span>Alberton Record<\/a><\/strong>\u00a0and\u00a0<\/span>Kempton Express<\/a><\/strong>.<\/p>\n \u00a0<\/u><\/p>\n