Practical tips for starting a business

Starting a business, anywhere around the world, is a daunting task. Starting a business in South Africa, however, is made incredibly difficult by frustrating red tape, sometimes enough for many to give up on their dreams. Here are some things to consider if you are about to start your entrepreneurship journey. BUSINESS REGISTRATION Get acquainted…

Making Small Business Work in South Africa

Small, Medium and Micro Enterprises (SMME’s) contribute around 40% of South Africa’s gross domestic profit and employ more than half of the private sector work- force. It is estimated that as much as 80% of new jobs in world economies are being created by SMME’s, making small business a key player in the future growth of our country. It is…

Start-up vs buying an existing business

Buying a business is an alternative way to get into business with less risk than normally associated with a start-up venture. But there are still many factors you have to consider before signing on the dotted line. Buying a business can be an easy way in, but there are many factors that will influence a final decision. Getting professional…

Checklists for buzzing entrepreneurs and SMEs

The perfect entrepreneur and business governance Entrepreneurship is more than simply “opening up a small business.” It is rather a progression through which individuals recognise opportunities, distribute resources, and generate value. This creation of value is often through the identification of unmet needs, wants and/or opportunities for change identified in our society. Entrepreneurs view “problems”…

Four startup tips for solo entrepreneurs

Going out on your own should never mean doing it alone. This is perhaps the most valuable advice that can be given to startup entrepreneurs. Entrepreneurship, in any type of business endeavor, must start with the recognition that success comes to managers who leverage all resources around them extremely well.  It’s about maneuvering something small…

What is an entrepreneur?

An entrepreneur is someone that creates a new business. This can carry a high risk because it requires money to set up a new business without knowing if it will give a return on investment. Entrepreneurs need to have a good understanding of their markets. They find out what customers want and modify their products in…

8 tips to help you drive success

All the great success that has been achieved ultimately began with an idea, but what makes ideas become reality is the fuel of human desire. “An idea by itself can give you a temporary feeling of inspiration, but burning desire is what gets you through all the perspiration necessary to overcome the inevitable obstacles along…