We sat down with a few passionate businessmen and women from investment to coaching in Umhlanga to learn more about them and their most commonly asked questions in their fields of work.
Shirley Pearson from Action Coach iNala
Business coaching is relatively new in South Africa. Will you and your business be better off if you invest some of your hard-earned money in business coaching? If you’re serious about your own success, take the time to list out all the areas of your life and business that are not adding to your health, wealth, and happiness. What are you going to do differently this year to close the gap? Will business coaching help?
What is Business Coaching?
Every great performer, whether it is an elite athlete, business legend or superstar, is surrounded by coaches and advisors. As the world of business moves faster and gets more competitive, it’s crucial that you, your team, and your business are always on top of their game.
A great business coach will ensure that you have a clear focus, a great team who are held accountable, a market-related salary (most business owners I meet can’t hire someone for what they earn from their business, and they wouldn’t work for someone else for it), a healthy profit, and most importantly that you have a life!
Can Business Coaching Benefit Successful Businesses?
The same way sport coaches get better results from the A team than from the D team, business coaching isn’t a magic wand. Struggling businesses (like the D team) will usually take longer to get into the A league. Great businesses, on the other hand, have so much to build on and to capitalise from, that great business coaching will give them the edge, and usually get better results from their coaching investment.
Will Business Coaching Help My Business?
Coaching isn’t for everyone, and as we guarantee results, we happily help businesses we know we can improve. We are very selective in our business to ensure fabulous results for our clients. To see if coaching can help your business, we offer a free business coaching session. Contact us to set one up for you. We would love to help your business succeed!
Tel: 031 942 4255
Email: durbannorth@actioncoach.com
Website: inala.actioncoach.com
Struan Campbell from PSG Wealth
For this segment, we now turn to Struan Campbell, a Wealth Adviser with PSG Wealth. Based in Granada Square, Struan deals with a wide range of clients and their specific investment and retirement needs.
From local share portfolios, to carefully structured offshore investments; for those saving for retirement, to those who need their retirement incomes managed for their golden years, Struan and his team provide guidance and support. We ask Struan for some of the most common questions he faces regularly.
Should I move all my money offshore?
With the weakening of the Rand, the unwillingness of the ANC to make the hard decisions, and the psychological effects of the July looting in KwaZulu-Natal (amongst other reasons), people have lost faith in the Rainbow Nation. They are emigrating in person or emigrating their wealth. And while offshore investments add a healthy dose of diversification, our local market still provides opportunity. Numerous businesses listed on the JSE earn their incomes globally, don’t overlook these. Our local bond market still provides inflation-beating yields, something not available in global developed markets. And while the offshore stock market has performed incredibly well over several years, returns going forward over the medium terms are expected to be muted. An offshore market pullback combined with Rand strength, and your investment can retreat quickly. Don’t avoid offshore, but don’t necessarily go all-in.
Should I invest in Crypto assets?
The world of cryptocurrency has exploded, introducing a higher cyber threat. I can only say “buyer beware”. While some “coins” have been around for years, offering perceived safety, the reality is the fundamental value is impossible to assess. Liquidity must also be considered, easy to buy, but how easily can you get your money out? Be wary of the tax implications, SARS can regard gains as income, rather than of a capital nature. We don’t include cryptocurrency as part of the financial planning process, nor provide advice.
What is the best investment to save for retirement?
The reality is there is no “best investment”. Retirement Annuities offer tax benefits but have access limitations, share portfolios offer growth over the long-term but short-term volatility. Bank accounts are safe, but value is eroded by inflation. Unit trusts are hugely varied in their makeup thus need adviser guidance. Best advice is to assess your budget, ask your adviser and start putting money aside. You will be rewarded in the long run.
Tel: 083 275 4344
Email: struancampbell@psg.co.za
Website: www.psg.co.za