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South African SMEs represent over 98% of business, employ up to 60% of the country’s workforce and catalyse about a quarter of the private sector’s job growth, according to McKinsey. They’re the lifeblood of the economy, so it’s critical they succeed. Once the first 1 001 days in operation are over, entrepreneurs might start getting a little complacent. But, that’s the time to tighten the reins, reassess a roadmap and streamline efficiencies.
In the current Covid-19 climate, having a clear plan and reassessing priorities are especially important. Now’s the time to be hyperaware of the pitfalls entrepreneurs run into. Here are some of the ways entrepreneurs can address the most common challenges they can face after the first 1 001 days in operation:
Santam understands that running a successful business takes years of hard work and the right partnerships. And when you work hard to succeed, you need good and proper insurance that helps you thrive. No matter the type and size of your business, or your vision for it, you can rely on our in-depth expertise of over 104 years to protect it. Santam. Insurance good and proper.
To find out more about our insurance solutions best suited for your business, speak to your intermediary.
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