Sites Worth Visiting:

 

· Money Web

· Financial Mail

· Financial Times

· The Economist

· Business Day

 

 

Contact Mel Direct:

Cell:      083 377 1858

Phone: (011) 886 4504

E-mail:mba@melbrooks.co.za

  Mel Brooks Online

This website was designed by

Data League

How to get a lower rate on your home loan

 

You can save more than R220 000 if your rate is dropped from prime less 1% to prime less 2%, on a R500 000 loan, over 20 years. Here's how…..

 

Read more

THE INSIDER:Bird brains take on the Telkom ADSL nerds

 

TELKOM ’s ADSL broadband service is expected to meet its match today in a contest with Winston, an 11-month-old homing pigeon with a memory card strapped to its leg.

Read more

Capitalism II: The return

 

Over the last 18 months, capitalism has taken quite a battering, and many a commentator has heralded its demise, some more gleefully than others.

 

Read more

Technology news - Mobile operators agree to drop rates

 

The Independent Communications Authority of SA (ICASA) says mobile operators have agreed to drop the termination rates by the beginning of February 2010.

 

Read more

Still not business as usual

 

Mining may have been lifted by the global recovery since early this year. Electricity output may have been lifted by a mining pickup. And leading indicators may have….

 

Read more

 

For a Small Business Community where you can meet business owners and people who might be in the same boat as you:

“Accounting is the language of business”

 

“There are many ways to describe what is going on with a business, but whatever is said, it always comes back to the language of accounting. When Warren was asked by the daughter of one of his business associates what courses she should study in college, he replied, “Accounting – it is the language of business.” To read a company’s financial statements you need to know how to read the numbers. To do that you need to learn accounting. If you can’t read the scorecard, you can’t keep the score, which means you can’t tell the winners from the losers.”

 

Source: The Tao of Warren Buffet

 

 

The above is true but non-financial managers need not study accounting. Most businesses have perfectly good accountants. What non-financial managers and staff need to know is:

 

· What questions to ask

· How to evaluate the answers

· And know what the next question is – and there is always a next question

 

In order to do the above non-financial managers need to know:

· That profit is an opinion – it is just a number and can’t be used to pay the salaries and rent

· That cash flow is a fact – and the role that all managers need to play in working capital management

· That a profitable business can go bust

 

And in order to effectively manage the resources for which they are responsible managers need to know:

 

· What drives costs

· How costs are calculated

· How costs behave

· How costs are allocated

· What hidden costs are

 

An understanding of the above will also allow non-financial managers to use financial ratios in a meaningful way. 

 

Non-financial managers also need to know about how to prepare budgets. 

 

All of the above are demonstrated on our workshops through discussions, exercises and the use of case studies.  

Replay your management video

 

Run! Action! Quick decisions. Busy, busy, busy! Constantly moving forwards at an unrelenting pace. Covert glances at cell phone during meetings. Use cell phone in car. Rush from meeting to meeting. Implement! EXECUTE! And never forget to be PASSIONATE.

 

Read More

New Managers: the challenge

 

Newly promoted to a manager’s position? That’s all well and good but what exactly does a manager actually do? Many new managers have little or no insight into what exactly is required of them.

Read More

This project will prepare you for being able to constantly seek opportunities for increasing revenue and reducing costs

 

When I have an entire management team attending a workshop I sometimes add on a 'Profit Improvement Project'.

Read More

The need for financial literacy

 

“Accounting is the language of business”
“There are many ways to describe what is going on with a business, but whatever is said, it always comes back to the language of accounting.

Read More

Like It Or Not, We’re All Entrepreneurs

 

There was a time when having a job meant having a job. Today, having a job is more like a temporary assignment.

 

Read More

Marketing 101 for Consultants

 

What does it take to succeed as a consultant? Whether you’re a lone consultant, a part-owner of a small firm or a consultant at one of the big organisations, the answer is all the same - marketing!

Read More

If you want to make money, start your own business.

 

If you’re going to survive the 2000’s with any vestige of your present standard of living, you have only one choice. Get into your own business.

Read More

How to get ahead at work

 

It's easy to procrastinate until the last nanosecond, take sick days when you're not sick, navigate the Net when you're supposed to be creating a spreadsheet.

 

Read More

The Challenges facing the Non-Profit Sector in 2009

The challenges facing commerce and industry this year will be reflected in the amount of funding made available to the Non-Profit Sector (NPO).

 

Read More

Let’s not talk ourselves deeper in to the dark

 

When do economies go into recession? When people say the will. So if Alan Greenspan, Warren Buffet et al say so then it will happen.

Read More

 

 

Feeling Lonely?

 

It's lonely at the top. A cliché perhaps, but the truth nevertheless. Senior managers, be they in the corporate sector or business owners, all experience a degree of isolation and it is in response to this that a world-wide industry has emerged and grown.

Read More

Invest in yourself - develop your resources

 

Getting ahead in your career requires personal investment on your part. However, investing time and effort in upgrading skills and knowledge is not enough.

 

Read More

One-on-one Financial Coaching

 

Every decision made in a business has financial implications. It is therefore clear that financially informed managers will make better decisions.

 

Read More

 

 

What we have here is a failure to communicate

 

To succeed in business you need to be able to communicate. Here we go again, you say to yourself. Blame everything on a lack of communication.

 

Read More

 

 

 

Who can be an executive coach?

 

There seem to be many different views on this. Is there any skill required to be a coach? One wonders.

 

Read More

No Governance without Financial Literacy

 

Effective ‘corporate governance’ and ‘transparency’ have become the byword and the buzzword of management circles.

 

Read More

Prepare your business for 2009 and beyond

 

If managers had a true understanding of costs – how they behave, how profit is generated and what the factors affecting cash flow are – they would be well prepared for the challenges facing South African business in 2009.

Read More

Rapid Results: The foundation for long-term success

 

In his book Rapid Results! Robert Schaffer makes some excellent points about how to build capacity for long-term change. He successfully debunks the myth

 

Read More

 

New Article

Start Your Own Business