Nikki’s Tip of the Week – week-ending 15th April 2017 & Upcoming Events

I trust that everyone enjoyed the break over the Easter weekend and that no matter what religion or gender you belong to, that you managed to relax and have some quality time with yourself.

One of the things that I teach my mentees is that there has to be some ‘dreamtime’ every week. I even make them schedule it in their diaries, often to their great amusement.

The reality of course is that if you don’t dream, you can’t achieve. If you don’t know where you want to get to, you won’t know how to get there. So “dream” at least once a week - let your imagination soar, with no limitations and no restrictions and no consequences. There will be plenty of time for that once you get back down to earth.

Talking about consequences . . . here is the next bit to the unfolding journey that is the mystery known only as “cash flow”.

Here’s the deal . . .

Please feel free to engage with me, or not. Please feel free to send me your own snippets of information, early warnings, appropriate funnies and what have you, to share with other like-minded individuals, entrepreneurs and start-ups.

I hope and trust that you will enjoy the journey with me.

This weeks’ Blog:

BUSINESS TIPS – How to Manage Your Cash Flow Crisis – Part 3

By Nikki Viljoen – Viljoen Consulting

Remember, there are only 3 reasons why you will find yourself in a cash flow crisis. To remind ourselves, there were:-

1.  You’re not making enough money. 

2.  You are not getting your debtors to pay you and

3.  You are spending too much money!

Last time we looked at the first step that should be taken and that was to get clarity on what you owe and what is owed to you and we did this by means of a debtors and creditors aging analysis.

This time we continue with the next step and that is cutting costs.

Entrepreneurs, like individuals, seldom even think about cutting costs. Most believe that if they can just increase the number of sales or alternatively if they can just get all the outstanding monies in then all will be well in their world.

The reality of course is that the more you make the more you spend. Parker’s law states that “your expenses will rise up to meet your income”, so of course it is of the utmost importance that you regularly review your expenses to keep them in check

Remember, cash flow is exactly that -  the flow of money into and out of the business, therefore both the entry (input) flow and the exit (output) flow must be monitored and measured on a continual basis. Consistency is the key here.

Once you have all your expenses under control and have cut what you can and allocated that ‘spending’ to some of your outstanding debts, it is time again to look at what is outstanding and see how best to deal with these. This is also a good time to put a budget into place in order to control spending going forward and this will help you to ensure that your spending does not get the better of you again in the future.

There are several ways to now deal with the outstanding money that you owe to your creditors. This will however, depend on the supplier and how ‘flexible’ they can be or are willing to be.

What happens next will probably be one of the hardest things that you will ever have to do and that is a) full transparency and b) absolute honesty.

You will need to contact every single one of your creditors and meet with them. Face to face is best. When you meet with them you will have to explain ‘how’ you are going to sort your debt to them out.

Be realistic, don’t promise what you cannot deliver! This is the time to err on the side of caution. Rather under promise and over deliver than the other way around.

For the expenses that are paid by debit order, try and stagger them through- out the month so that they do not all fall due on the same day, or even better yet, stop them altogether and pay as and when your funds become available, but make sure that you pay the minimum that you have agreed to pay, on or before the date that you have agreed to pay it.

This is one time that you have to be absolutely honourable, not only in your intent, but also in your execution.

Next time we will look a bit more in-depth at how to take back control of your “in crisis” cash flow.

Nikki is an Internal Auditor and Business Administration Specialist who can be contacted on 083 702 8849 or [email protected] or https://www.viljoenconsulting.co.za

Look what is happening at Viljoen Consulting.

Viljoen Consulting in conjunction with ROCCI (Roodepoort Chamber of Commerce & Industry) and Business Engage bring you the following workshop.

Starting a Business?

Want to know how to run a business?

Then This Is The Place to Start!

A Large Percentage of New Businesses Fail, Learn Highly Practical Skills That Will Give Your Business a KickStart. 

 A Basic Practical Guide To Starting and Running A Business 

• Get started in the right direction to ensure transition from wannabe to business owner
• Ensure maximum productivity and minimum effort.
• Get your processes and procedures in place to ensure your business is built on a strong infrastructure that will translate into a sustainable business.

The Workshop

• Address everyday issues that arise when stating a new business
• How to save you time, money and energy.
• How to effectively handle start-up administration, operational requirements and registration.

The Basic Practical Guide to Starting a New Business Will Include:

• Registered Company Vs Sole Proprietor
• Accounting Records & General Admin
• Banking Accounts
• Receipts and Banking
• Cheque Payments and/or Internet Payments
• Invoices
• Credit Notes
• Bank Reconciliations
• Petty Cash
• Control of Numbered Stationery
• Computerised Accounting
• Staff & HR Issues
• Security/Safety
• Money Laundering
• Filing
• Stock Control

About the Facilitator:

Nikki Viljoen is an Internal Auditor and Business Administration Specialist who has in excess of 35 years’ experience in this field both from a banking and Corporate perspective as well as almost 10 years as an Entrepreneur. Nikki is the founder of Viljoen Consulting, and is passionate about assisting smaller companies to establish controls and processes that will result in sustainable business structures. 

Nikki’s business blog was recently ranked 5th in the world in her category.

Venue and Booking Info:

Date:   Wednesday 24th May 2017

Time:  08.30 to 3.30m. (Registration from 08.00 onwards). Please allow additional travelling time to combat traffic.

RSVP:  Please book by No later Than Friday 19th May 2017

Venue: ROCCI (Roodepoort Chamber of Commerce & Industry)

          Constantia Corner Office Park, cnr Christiaan de Wet &Ondekkers Road (entrance in Wattle Street, Florida Park. Roodepoort, Johannesburg.

  Cost:  R1 495.00 (ex VAT) 

(Includes breakfast snack / refreshments and course material) – lunch can be purchase from several venues within walking distance of the venue  Remember Standard Bank Voucher holders, ROCCI paid up members and Business Engage paid up members get a 20% discount.

Hurry! Book Now Spaces limited !

 Business Engage ( formerly Women in Finance) delegates please contact Colleen Larsen on [email protected] or 084-353-9865.

Paid up Business Engage members get a 20% discount.

Paid up ROCCI members get a 20% discount

Look what’s happening at Business Engage

BOARD WALK INVITE

The Concept

The Boardwalk is an initiative that has been created to nurture the development of aspiring directors who are currently in senior management positions within medium to large companies, to help them to unlock their future potential. It aims to expose these individuals to existing directors (both executive and non-executive) and partners during an interactive networking breakfast that will encourage meaningful engagement and dialogue.

The Name

While “The Boardwalk” paints the picture of a promenade or walkway, it holds an underlying meaning of the bridge that an aspiring director needs to cross to become Board ready, as well as the journey that needs to be embarked upon.

 As they take their first steps down this path of opportunity, these aspiring directors will benefit from those already sitting in the higher echelons of corporate South Africa who will offer their guidance and share their insights and challenges.

The Format

Business and other leaders will be invited to host a table of between eight and ten people. The job of the host will be to impart knowledge, experience and words of wisdom to the table, while directing the conversation.

 

The topics may be either specific or general as the host and the table pleases. Attendees will rotate tables twice during the breakfast, while the host remains at their table throughout. 

NEXT EVENT :

Date :        10 May 2017

Venue       :        EY, 102 Rivonia Road, Sandton

Time :        07h30-10h30

Cost :        R495,00 plus VAT per person

RSVP        :        [email protected]. Numbers are limited and are on a first come first served basis. Payment confirms the booking.

POWER OF PERSUASION

PURPOSE OF THE WORKSHOP 

In today’s increasingly sensitive political and social climate in the workplace, emphasis is being focused on transparent processes and the rights of the individual; while informed media thrives on communicating to the public the successes and failures of prominent individuals. It is, therefore, becoming more essential than ever that high-profile individuals realise that their successes and legacies in leadership are depending less on their power and authority bases, and more on their skilled abilities in areas such as persuasion, communication, and negotiation.

INTERPERSONAL SKILL BASE (NEURO-LINGUISTIC PROGRAMMING) 

In the world of diverse interests, the person who is able to persuade others in an ethical and responsible manner to achieve desirable corporate objectives, is being set apart as an effective and indispensable leader. Although most will agree that “if one continues to behave in the same way in which one is accustomed, one will continue to get the same results”, many in authority continue to use their positional power in an attempt to achieve results; only to then bemoan the repetitive “undesirable” results that they get from their subordinates. These ineffective “patterns of behaviour” by both managers and their subordinates can be changed in order to achieve productive outcomes, provided that the leader learns and exercises skills particularly in the power of persuasion; as well as how to detect and re-channel the unethical persuasive manipulation of others into positive outcomes.

Advanced interpersonal skills, based on the recent transformational technologies, such as NEURO-LINGUISTIC PROGRAMMING (NLP) and TRANSACTIONAL ANALYSIS (TA), can empower you to identify ineffective incompetence’s in both yourself and others; and, by implementing the practical techniques of persuasion, rapidly facilitate you in effectively transforming these into desirable, competent and lasting results. 

 

WHAT YOU WILL GAIN FROM THE POWER OF PERSUASION WORKSHOP 

1.    A practical understanding of how "Positional Power" and "Personal Power" influence communication; and how to apply techniques of persuasion to obtain successful outcomes.

2.    A practical understanding of the "Process of Transformation", i.e. moving from unconscious incompetence to unconscious competence, in order to unlock personal excellence, and facilitate others in this transformational process.

3.    A practical understanding of how a person's criteria and perceptual filters influence perceptions and how they sort information; and how to utilize these fundamental elements in the process of persuasion.

 

4.    Practical techniques for building trust and rapport with another person in order to reduce perceived differences in any interpersonal situation, so that you can persuade that person to achieve desirable outcomes.

 

5.    The language paradigm of persuasion; and structured communication skills:

 

       5.1   Active listening skills - in order to gather relevant information from others;

       5.2   Structured questioning techniques - in order to elicit precise information, and reduce misunderstandings;

     5.3   Sensory acuity – in order to detect the non-verbal signals from another person, especially regarding resistance and unproductive manipulative behaviours; and how to effectively and respectfully re-channel these behaviours into productive outcomes.

      5.4   Language patterns for giving information and instructions in a clear and precise manner, in order to maximise results; and for giving meaningful and comprehensive feedback to others, in order to ensure adherence to required standards of behaviour.

      5.5    Linguistic techniques for facilitating others in changing their non-productive patterns of behaviour, and expanding their behavioural alternatives – e.g. by dissociating from and reframing inappropriate behaviours into appropriate responses, in order to achieve desirable outcomes.

       

6.    Skills for designing structured outcomes with others in order to reduce misunderstandings, increase the arena of agreement, and ensure the achievement of required results.

7.    The enhancement of thinking skills, especially in the areas of linear and lateral thinking, expanding paradigms, and the logical levels of thinking; in order to improve your ability to manage complexity and conflict, and negotiate mutually beneficial outcomes with dissenting parties.

 

8.    Skills (based on NLP and TA techniques) for dealing with undesirable behaviour (such as emotional outbursts, aggression, apathy, sabotage, etc.) in order to channel it into worthwhile outcomes and improved interpersonal relations. 

DURATION OF THE WORKSHOP

Two full days of in-house training.

A half-day follow-up session about two weeks after the training in order to provide delegates with the opportunity to give feedback regarding the effectiveness of the training; and to receive further guidance in dealing with various problematic situations. Date to be agreed.

DELEGATES OF THE WORKSHOP

The Power of Persuasion Workshop is primarily designed for managers and leaders of others.

No more than 12 delegates per workshop so that each delegate has ample opportunity to practice in work-groups the techniques being taught; and to discuss relevant issues concerning persuasion in their unique daily environments.

WORKSHOP:

Date : 8 and 9 May 2017

Venue : Northern Suburbs, Gauteng

Time : 08h30-16h30 both days

Date : 22 May 2017

Venue : Northern Suburbs, Gauteng

Time : 08h30-13h00

COST

R4850 (including VAT) per person. Limited to 12 delegates for event. Payment secures your booking.

RSVP

[email protected]

 

PROFILE : MIKE MATULOVICH

 2017 – 1996:

Oxygen For Life S.A. (Pty) Ltd: Mike is currently the chairman of Oxygen For Life S.A. (Pty) Ltd, a wholly-owned South African company that imports nutritional and environmental products from America, and packages and distributes them to various countries in Africa, Asia, Europe and the Middle East. Mike started the company in 1996; and in 2006, received the Mogale City Chamber of Commerce & Industries Independent Entrepreneur Achiever Award; with Oxygen For Life being the overall winner of the Business Achiever of the Year Award.

Mauritius: During the past 7 years, while developing the Oxygen For Life business in Mauritius, Mike invested in two property development companies there, and still manages interests in one of them.

 2016 - 1983:

Interactive Dynamics CC: Before he started Oxygen For Life S.A. (Pty) Ltd, Mike was the sole owner of a consulting and training organisation, Interactive Dynamics Close Corporation, which he started in 1983. Mike specialises in the fields of Neuro-Linguistic Programming, Personal Development, Communication, Negotiations, Mentoring, Stress Management, and Industrial Relations; and still conducts select top management workshops for some of his long-standing clients.

 

Prior to 1983:

Prior to starting his own company, Mike specialised in human resource development, holding positions in management consultancies, such as that of Managing Director of Gemini Industrial Relations Training Systems (Pty) Ltd, and senior consultant and shareholder of FSA-Contact (Pty) Ltd; and being a part-time lecturer at the Business Schools of both UNISA and the University of Pretoria.

Mike holds a Bachelor of Arts degree and a Master of Business Leadership degree, both from UNISA, and studied post-graduate psychology at UNISA for a further two years after obtaining his BA degree. He is a registered Training and Development Practitioner with the South African Board for People Practice, and with the Mauritian Qualifications Authority; and a Master Practitioner in Neuro Linguistic Programming (NLP), registered with the North American Association of Neuro Linguistic Programming, and the International NLP Training Association (INLPTA) based in U.S.A.

Mike has spoken at various conferences throughout Southern Africa and internationally (Venice, Las Vegas, Tokyo, Amsterdam, and Mauritius); has published articles and a book on NLP; and has lectured in Organisational Behaviour on the Managerial Advancement Programme (MAP) at the University of the Witwatersrand, and on the Management Development Programme (MDP) which was underwritten by the University of Pretoria.

Throughout the years, Mike has conducted numerous courses in Neuro-Linguistic Programming; has counselled many people; and is still the personal mentor to various people, including senior executives of corporations, top sports people, and senior members of government (as a result of his involvement in the Peace Accord in the 1990s).