Academy of Business Owners Blog

Training, Guidance & Insight for Business Owners

How to Avoid this Scam: Changing Bank Details on Invoices

I have an idea about the new scam making the rounds. This is where you get an email changing the bank details for your deposit. This happens so much in normal business that Investec Bank writes about it. It's also happening when you buy/sell your home. With big deposits. Bottom line: If you...

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CrashProof: What Banks Know About Small Business...

Last time I wrote that banks sell money. I want to tell you a story about why it's useful to keep that in mind. Always. Somerset West, 1998. A small group. I love those. Everyone has time to share their story. (This is not so easy when the group is 100+.) We'd reached the part of the seminar...

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Bankings Biggest Lie?

Have you ever borrowed money for your firm? Silly question. So easy to do. Walk into a bank. Pass a credit check. Sign some papers. Bingo Presto. Cash in your account. Whoa Big Boy. Sign some papers? Bingo Presto? A banker's biggest lie: "Those are our standard forms. Every client signs...

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CrashProof: Accountants and Seminars

Revisiting the CrashProof material dislodged a bunch of memories about the live seminars I once presented. Before I start, a short comment from Pam Franz about those Springboks I wrote about last time: I was at that seminar when the Springboks were next door, 22 years ago, wow time...

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CrashProof your Business: Embarrassing Moments

I said I’d tell you a bit more about live seminar distractions. There were two other biggies.... The first was a full house at the old Sandton Crowne Plaza circa 1996. Think of 100 seats crammed in a room with a capacity of 80 seats. Most hotels have a large banqueting room. They break this...

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CrashProof your Business Revisited Course Launches April 20, 2018

I've been working on the new CrashProof your Business Revisited course. The CrashProof your Business seminar launched in November 1995. More than 30,000 business owners have seen the course live, on VHS or DVD, or read the book. Hint: Don't offer sherry to business owners at an evening...

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POPIA: Data Privacy No Longer Exists

Data privacy no longer exists. But we talk about it as if you can still get it. This whole data privacy thing is hard to grasp because it's so hidden. I looked at how to make it easier to see. A Firefox plug-in shows you what's going on behind your curtain. I plugged it in. Then I browsed 16...

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Tax, Einstein and Dr Seuss

Albert Einstein said, "The hardest thing to understand in the world is income tax." If he struggled, what hope for the rest of us? Tax inspires despair at what seem impossible odds stacked against us. But it is much more than the cost of income tax each year. It's losing huge tax gains when...

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Tax: The Real Value of Tax Savings

Here is a simple reason why saving tax now is important. Imagine saving R20,319 in tax every year. This is one of the first actions we share in our tax course. No, this is not about pumping more money into RAs. (Many of our clients don't have enough cash to do that at the end of a year.) We...

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POPIA: BS to Watch Out For...

Many firms are pushing hard to get you onto paid training and programs. I get three or four queries each day asking if the claims made in received emails are true. Some quick answers: The POPI deadline has not yet been set. From the time Government announces the deadline you have 12 months...

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