Retention of talent, a popular phrase, is not formally planned for and implemented as much as is needed, given the true cost of staff turnover. This is the opinion of Marcia Dippenaar, business development manager at Communicate Personnel who adds that ‘talent’ should be taken to mean the efforts of all staff, not just the ‘high flyers’, for the international cost estimate of replacing staff varies between 90 percent to 2000 percent of annual salary, so no one is easily replaced.

During your annual planning ritual - do you study and analyze the current situation in your market and then move on straight to setting your goals? Thought so. Common practice but a big mistake! Chances are that your goals are far less ambitious than they should have been and consequently, so are your financial results and growth rate.

Businesses need cash to operate. Whether yours is a new or an existing business, you rely on a healthy cash flow to keep your business performing the way it should. Unfortunately, the cash is not always flowing the way it should. For those times you will need to know where you can find loans for small business.

To become an inspired entrepreneur, you have to discover who you are beyond your fears.

This is according to Nick Williams, international bestselling author of The Work We Were Born to Do, who hosted a special workshop at the UCT Graduate School of Business. Williams is also a co-director of the Purpose and Personal Leadership course run by the GSB’s Executive Education unit.

“Once you’ve discovered the work you love, the work you were born to do, it is likely you will also feel a call to become more entrepreneurial and even start your own business around it".