Do you know how to calculate your business’ Cost of Sales? Do you know what a Cost of Sales Formula is? Wikipedia gives the definition of Cost of Sales (CoS) as follows: Cost of Sales, also known as Cost of...Continue reading
When to consider Business Rescue?
The Companies Act is very clear about the obligations to consider a potential Business Rescue for their Company by the Directors. What does the Companies Act say? Section 128(1)(f) of the Companies Act defines “financially distressed” as follows: (i) it...Continue reading
The Positives and Negatives of Business Rescue
Millions of words and numerous articles have been written about the Business Rescue Process. Not much has been written about the practical positives and negatives. Once a Business Rescue Practitioner is appointed, he/she/they have to do everything possible to rescue...Continue reading
Am I a Business Owner or am I Self-Employed?
While you were reading the topic of this blog, I bet you the first question you asked was “But, isn’t it the same thing?”. Well, to be honest, yes and no. I just love those types of non-direct answers, don’t...Continue reading
Should sales staff still be able to sell?
Over the weekend I stopped at a cell phone shop to enquire about migrating over to their network. I had a hundred questions regarding their service, their product offering and whether they could really offer me a better package. I...Continue reading
What is Success?
What does the word success mean to you? If you look at Instagram, it is money, cars and watches. If you look at Facebook, it’s being on a permanent holiday it seems I think it is more important to ask...Continue reading
What is a Business Rescue Practitioner?
A Business Rescue Practitioner (BRP) fulfils a few roles within a business he has been mandated to save. Although these are not all governed by law, they are the skills needed to ensure you can properly save the company which...Continue reading
Closing a business is not the end
I bet you read the topic of this blog and thought, boy what an oxymoron this is! And you probably thought, yeah right genius, it is the end. Well, it is the end for that specific business yes. Is it...Continue reading
Asking for help is the key
Why do entrepreneurs not ask for help? Asking for help does not always come naturally for people. It comes down to pride and an ego issue. This is unfortunately been my experience. We don’t like people to think that we...Continue reading
Why do you need Vitalis Consulting
At Vitalis Consulting, we do not believe “Imagine Your Success” to be just our fancy mantra. For us, it is our founding principle, our philosophy, our guiding light, our belief, whatever you want to call it. We are the Guiding...Continue reading
Diamond Chamber of Commerce 06 March 2020
On the 06th of March 2020, I had the privilege to present to the members of the Diamond Chamber of Commerce based in Cullinan, Gauteng. I was asked to talk about my top 10 tips on what to do in...
Business Tip #52 – The SWOT analysis paralysis
Should I really perform a SWOT analysis? Every entrepreneur, ever… This question is asked daily to us as business consultants and the answer is actually not that simple. Every entrepreneur has at one stage probably had interaction with a SWOT...Continue reading
BusinessTip #33 – Having only a “Plan B” is not enough
We have all heard the legendary saying: “failing to plan is planning to fail”. Benjamin Franklin apparently said this but more accurately it was Allen Lakein. It is critical for any business, regardless of its size or its market, to...Continue reading
3 Things About Strategy You Need To Know
When one hears the words “strategy”, some get nervous, some get headaches and some simply refuse to go any further with more discussions on what the word means for their business. Then there are some of those entrepreneurs that equate...Continue reading
BusinessTip #7 – Never Quit
I love to read motivational stuff, especially on my Instagram account where probably 90% of the accounts I follow, put out motivational posts that gets me going in the morning. I also love to share them with my team on...Continue reading
Getting off the business roller coaster
When we speak about the business roller coaster we speak about that feeling you get when you are on an actual roller coaster. First you might feel on top of the world seeing the beautiful surroundings and then suddenly you...Continue reading
Supporting a small business owner
How true is this picture? (anonymous author). Supporting a small business is so rewarding! I just wish to point out from the onset that I don’t have anything against big businesses at all, I just love small businesses! In my...Continue reading
Interview on The Biz 90.6FM – Vaal’s No1 Hit Station
Tiaan Geel was interviewed on The Biz on 90.6FM – The Vaal’s No1 Hit Station by Justin Bloem. Listen to what the future holds for Vitalis Holdings.
Business Rescue, what is the actual aim of it?
Business Rescue proceedings are incorporated into the new Companies Act of 2008 and have two goals as defined in the act. The first goal is to rescue the company so that it can continue in existence. If this is not possible,...Continue reading
Corruption Creates Inequality
Corruption creates inequality. A lot of people might say, yeah right, this is not true, it is just plain unethical. Or is it? Starting a business is one of the most challenging tasks one can come across. When the business...Continue reading
The beatings will continue until the morale improves
Corporate culture matters. How management chooses to treat its people impacts everything – for better or for worse. – Simon Sinek On a daily basis the internet and social media are bombarded with management and leadership quotes, often posted by...