Overcome challenges for young entrepreneurs

Young people face a different set of obstacles along the path of entrepreneurship, from access to finance and inexperience. Here are the main challenges that they face – and the ways to overcome them. Access to finance. Although this is generic to all entrepreneurs, access to finance greatly affects the youth. The requirements of attaining…

Skills every entrepreneur needs

Entrepreneurship is a very appealing alternative to employment and one that many people dream of. However, it’s a difficult thing to pull off and many people who attempt it fall short. Here are some vital skills that you will need if you intend to follow the entrepreneur’s path. Organisational skills and time management Entrepreneurs are…

10 Time Management tips that work

Chances are good that, at some time in your life, you’ve taken a time management class, read about it in books, and tried to use an electronic or paper-based day planner to organize, prioritize and schedule your day. “Why, with this knowledge and these gadgets,” you may ask, “do I still feel like I can’t…

The use of social media in regulated fields

It’s no marketing secret that social media has become big business. Companies have discovered that it can be more cost effective for marketing of their big brands than traditional advertising because of its ability to reach large audiences. But what about its use by companies in heavilyregulated industries? Industries that market pharmaceuticals, health care, financial services, insurance, alcohol…

Registering for VAT

As a start-up you will be thrilled when the business performs well and you see your turnover gradually increase. But, one thing you need to be cognisant of is that as you make more money, you will be required to register for VAT. What is VAT? The essential characteristics of VAT (Value-added Tax) are: The…

The Basics of registering a new company

Since 1 May 2011, the Companies and Intellectual Property Registration Office (CIPRO) ceased to exist and was replaced by the Companies and Intellectual Property Commission (CIPC). The New Companies Act came into being at the same time, changing the way business owners register their companies. The Act stipulates that no new close corporations (CC) can…

25 Characteristics of successful entrepreneurs

Regardless of your definition of success, there are, oddly enough, a great number of common characteristics that are shared by successful business people. You can place a tick beside each characteristic that you feel that you possess. This way, you can see how you stack up. Even if you don’t have all of these characteristics, don’t…