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Entrepreneur Magazine South AfricaEntrepreneur Magazine South Africa

Entrepreneur Magazine South Africa December 2018

Entrepreneur Magazine South Africa is an award-winning publication that offers easy to implement, powerful tactics, new ideas, expert advice and inspirational stories about entrepreneurs who are taking their businesses to the next level.

Pays:
South Africa
Langue:
English
Éditeur:
Entrepreneur Media S.A. Pty Ltd
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use talent as your key competitive advantage in 2019

WHAT SEPARATES top performing companies from their more mediocre counterparts? Ever since Jim Collins wrote about getting the right people in the right seats on the bus in his best-seller Good to Great, there has been an ever-increasing focus on the role that talent plays in the success of an organisation. But, If you thought that great companies are successful because they attract, hire and can afford more talented employees, you’d be dead wrong. While conducting research for their book, Time, Talent, Energy: Overcome Organizational Drag & Unleash Your Team’s Productive Power, Bain & Company experts Michael Mankins and Eric Garton evaluated the relative productivity of 308 companies worldwide, and found that on average, all roles, across organisations, are made up of 14% A-level talent. This statistic holds true for the…

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coaching for performance

How does a physiotherapist who dreamed of touring the world with sports teams become a mental performance coach for high-impact entrepreneurs? Ask Erik Kruger and the term he’ll use is ‘accretion’, the process of growing and adding layers through experiences. The point is key: No journey is ever a straight line from point A to point B. Most of us spend years figuring out what we want to do through a process of elimination. It’s by doing that we figure out what we like and don’t like; what ignites passion in us, and what we’re good at. Erik’s journey began in physiotherapy. He graduated in 2007 and started his own private practice with a friend in 2009. He was quickly realising that his dream wasn’t aligning with reality though. “My goal was…

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read this

Erik Kruger’s first book is a collection of 160 thoughtful reflections on what it takes to live a life of action and not words. Acta Non Verba’s purpose is to get people moving, creating, and generating an unstoppable drive in both their business and personal journeys. This is not a book to read from cover to cover, in one sitting. Each day there is a new chapter waiting to be read. Put this book on your bedside table, and read a new chapter with your first cup of coffee every morning. Each message is short so you can read it quickly, in the moment, and then reflect and act on it for the entire day. It’s a book that demands action.…

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your performance reviews are (probably) biased

A PERFORMANCE review is one of the most significant conversations you can have in your career, whether you’re the receiver or giver of feedback. The outcomes can have far-reaching effects on the individual regarding career advance and development. Depending on the effectiveness of the conversation, business outcomes can be significantly affected to improve or hinder overall performance. One would hope that, of all things you could be in a performance conversation, you are not biased. When we hear the term bias we often think of prejudice and discrimination (overt acts of bias) and most of us like to claim that we are anything but biased. However, by the sheer virtue of having an efficiency-driven brain, we are biased. It’s a scientific fact. Biases are mental shortcuts that help us make sense…

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how to build real wealth starting from zero

“The way that the prosperous continue to build their wealth isn’t really a secret — they spend less than they earn, save the difference, and let the potential of compound interest make their riches grow.”— Craig Hutchison, CEO Engel & Völkers Southern Africa. “UBS Wealth Management in Switzerland studied the difference in the wealth of people who are good planners versus those who are not. It found that if you don’t budget and you don’t have investment and retirement plans, you are guaranteeing that you will limit your wealth over your lifetime. The report also shows that even a small amount of planning can make a massive difference.”— Warren Ingram, financial planner and co-founder of Galileo Capital. The idea that you need to earn a large salary to accumulate wealth is…

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saving in action

If you saved R1 000 a month for ten years (i.e. a total contribution of R120 000), then stopped contributing but continued to invest the money for 30 years, you’d achieve the same total as someone who started ten years later but contributed R1 000 a month for 30 years (i.e. total contributions of R360 000). “Younger people can invest all their savings in shares because they have the time to let these investments grow,” explains Warren Ingram. However, if you’re starting to save later in life, you haven’t missed the boat, there is still time to accumulate savings. You’ll most likely need to save a larger amount every month, as well as choosing more aggressive investment options, but the faster you start saving the brighter your future will look. “In your…

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