Simple ways to make your small business fail

Courtesy of Wikimedia Commons
Courtesy of Wikimedia Commons

During the time before the large commercial fishing boats decimated the shoals of snoek, yellowtail and bonito in False Bay, we were able to make good money from a ski boat in the bay. The crew that we selected for fishing would pull their own weight and help us to produce catches that were big enough to pay for the boat’s running costs.

On occasion we would take out what we called a “day-tripper” which was someone who had a deep interest in fishing but when they actually tried to fish they were not successful. But we usually kept an eye on the naturally talented fisherman who could become part of the permanent crew. Continue reading “Simple ways to make your small business fail”

Before you pull the trigger on your new business consider the four legs of the table

I've had a migraine/headache for 6 days straig...
Does “admin” give you a headache? (Photo credit: Wikipedia)

I met an environmentalist the other day retrenched from a large environmental nonprofit who is looking for a job with another organisation or institution because he can’t work as an independent consultant as he is hopeless without the structure of a formal environment.

Some business people find handling administration and finances, working out their sales, cost of sales, preparing a basic income statement and implementing office systems difficult to handle. These people typically say “I’m bad at admin”. Continue reading “Before you pull the trigger on your new business consider the four legs of the table”