Research has identified four entrepreneurship archetypes in the South African SME market and identified the components that needs to be strengthened to ensure that these archetypes thrive: High-tech Entrepreneurship Model - In this model intellectual property (IP) is developed by research universities or centers and commercialized with support from angel investors and venture capital. External...
Even the most successful entrepreneurs have found value in mentorship relationship. Business mentor and founder of Promentor, Brent Combrink says mentorship can offer many benefits including have an opportunity to have a sounding board to help validate and guide your decisions. According to Brent Combrink, every entrepreneur should invest time in acquiring four types of...
Technology has become a key driver of efficiency and therefore the success of multinational businesses, so it is interesting that SMMEs are not embracing this trend. There are a number of issues which prevent startups from embracing technology, chief among these is digital illiteracy. When compared to global counterparts, research shows that South African business owners...
Co-working spaces are a cost-effective alternative to working from home, while balancing professionalism to your and partners as well as maintaining productivity, here are a few reasons why: Save on working space costs - business owners can select daily or monthly plans and are in control of how much they pay Costs of facilities - rates...
As the growth of small businesses in South Africa continues to accelerate, there is a need to ensure that the small businesses get all the support they need in order to achieve long-term sustainability. Along with the government, independent incubators and shared workspaces are also their bit to fill this gap. Part of this involves...
The COVID-19 pandemic has not only made it a difficult period for 22 ON SLOANE as a hub but also for business owners. They would like to explore how best to get through this challenging period with you and ensure that we come out on the other side more resilient. Please take 5min to complete...
The second facility that the Department of Small Business Development has introduced is the Business Growth and Resilience Facility. This facility is targeted at SMMEs who locally manufacture or supply hygiene and medical products that are in demand in order to curb and manage the spread of the COVID-19 virus. These include sanitizers, detergents...
The President has announced a new Solidarity Response Fund to help curb the spread of Coronavirus, and assist those whose lives have been disrupted by the pandemic, with the implication that debt relief and similar measures would be available to businesses and individuals. What to know about this fund: The government will provide...
