#Cannes2023: Creative Circle Full Circle focuses on SA’s 2023 Cannes Lions performance

The winter months are typically slower for many South African small businesses, particularly for those active in the tourism and retail sectors. Traditionally, the colder weather keeps consumers indoors, resulting in fewer weekends away, as well as a noticeable drop in non-essential shopping trips. This year, the seasonal downward trend is set to be exacerbated by the ongoing energy crisis, rising interest rates and the depreciation of the rand. For the millions of affected small businesses, surviving this slump will require laser-focus on strategic planning and the constructive use of time over quieter periods.

Rene Botha, regional investment manager at Business Partners Limited

To counteract this and help prepare for the coming months, Rene Botha, regional investment manager at specialist small and medium-sized enterprise (SME) financier, Business Partners Limited provides three practical tips that small businesses can use to overcome the winter slump.

  1. Using credit wisely to counter the drop in sales
  2. Making the most of downtime
  3. Streamlining the customer experience

Source: bizcommunity.com