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Business Articles

This section of the blog is a collection of short articles and video clips on designed to help you get a little smarter in the field of Business.

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Economics | Costs of lost opportunity make all the difference
Blog - Business

By Pierre Heistein
This article was originally published in the Business Report Opinion & Analysis pages on 17 March 2011. To interact with Pierre, visit www.facebook.com/understandingeconomics. Facebook logo

U2 ticket: R400. Getting the T-shirt: R200. Cost of immersing yourself in one of the greatest live performances South Africa has seen: a lot more than you think. The conversation is a familiar one.
“Are you going to U2?”
“Yes! I got really lucky and managed to pick up a ticket for R400. I heard of one poor soul who paid R2 000 for the same ticket!”

 

Economics | Tragedy of the commons
Blog - Business

By Pierre Heistein
This article was originally published in the Business Report Opinion & Analysis pages on 2 June 2011. To interact with Pierre, visit www.facebook.com/understandingeconomics. Facebook logo

Imagine a group of kids given a packet of chips. If they were all asked to share, it is likely that that packet would not last very long! Why is this? Do all kids have an inbuilt urge to eat as fast as they possibly can? Do children engage in some competition where dominance is proved by how many chips you can shove in your mouth? No. A more likely reason the packet of chips will disappear is because each kid is trying to make sure that they get their fair share and the only way to do this is to make sure that nobody eats faster than them.

 
Bookkeeping | 4 reasons why every business owner should know about bookkeeping
Blog - Business

By Anna Malczyk

If you are interested in this topic, take a look at our University of Cape Town Bookkeeping course.

Bookkeeping is a skill that is sadly overlooked in many small businesses and entrepreneurial ventures, because business owners try to minimise expenditure on “extras”. However, bad financial management – both on the large and small scales – leads to the closure of over half of all new business ventures. In this light, having a bookkeeper on staff, or having bookkeeping skills yourself, means that you keep track of the day-to-day administration of financial aspects. Here are four compelling reasons to learn about bookkeeping if you run a small business.

 

Bookkeeping | Becoming a bookkeeper
Blog - Business

By Anna Malczyk

If you are interested in this topic, take a look at our University of Cape Town Bookkeeping course.

It can be very difficult for first-time job seekers to find employment. Most often, this is because school leavers, and even university graduates, simply don’t have any real-world, practical experience that they can offer to their potential employers. In addition, it can be a struggle for workers in low-income manual jobs to find work that is better paying, more fulfilling and that lets them provide for their families. In both cases, the problems are a lack of applicable skills and no means to learn new skills, due to cost, time or travel constraints.

 
Professional Presentations | Job interviews are business presentations
Blog - Business

By Anna Malczyk
Job interviews are a source of stress and anxiety to many working professionals. Even the most skilled experts and enthusiastic graduates can crumple under the judging questions of an interviewer, and few people have the confidence to remain unfazed by the process. While it is difficult to remove the worry altogether, treating your job interview as a business presentation should give you more clarity and confidence, which will result in you getting your meaning across more effectively and giving you a better chance to impress.

 
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