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What can you do about employees who didn't show up to work because of today's taxi strike?
It's a jungle in Jo'burg this morning. Not only is the heavy raining causing havoc on the roads, but thousands of workers are stranded due to today's National Taxi Alliance (NTA) strike. And that's bad news for your business. Here's what you need to know about how to handle employees who couldn't [read more...]How to avoid a Miss SA type nepotism scandal in your workplace
There's a fresh scandal surrounding the Miss South Africa pageant. A few weeks back, news reports indicated that the general public wasn't happy with the choice of judges for the pageant. Now there's a rumours of t. And it's put the spotlight back on nepotism in the workplace. [read more...]Strikes: What does 'issue in dispute' mean?
News reports this morning indicate that government intends to meet with the Association of Mineworkers and Construction Union (Amcu) today in a last ditch attempt to halt a mass strike in the mining sector. The looming strike, which is expected to have a devastating impact on the economy, has [read more...]| by FSP Business, 06 February 2014 |
According to Coach with heart, we live in a society that reveres independence and strength.
The site says it's this belief that has turned asking for help into a sign of weakness.
'As a result, not asking for help has left people stuck for long periods of time. '
The reality is asking for help isn't a sign of weakness. 'It's often the right thing to do. It accelerates the desired result. It frees you up to do other things, more important things.'
What does this have to do with business rescue?
Well, one may loosely describe business rescue as a cry for help.
Business rescue explained
The Practical Accountancy Loose Leaf says if your business is insolvent and you're still trading, you can restructure and reorganise it through business rescue.
It's essentially your salvation and your last chance to get your business back on its feet.
When should you apply for business rescue?
Answer these questions first:
If you've answered 'NO' to any of the above, continue to the next three questions.
The Loose Leaf says if you answer 'NO' to any of the first three questions, and you can't access funds from any of the last three questions, your business may be in 'financial distress' and you need to apply for business rescue right now.
Doing this may just save your business from a financial crisis.
Destiny Man says 'the objective of business rescue is to prevent the large number of liquidations that we are seeing in South Africa. It's hoped that this process will allow companies to survive and grow.'
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Good Day An employee has a hearing scheduled for downloading pornographic material using company facilities during work hours. There is no Internet Use policy in place in the company as yet. I feel an appropriate ... [see the answer]
