Drinking deep from the well of entrepreneurship
An Opinion piece by Dr Thami Mazwai, a special adviser to the minister of small business development. Read more Source: IOL ')}
Common Mistakes SMEs Make When Looking At Growth Opportunities
Dion de Graaff, Chief Operating Officer at The Twinsaver Group, highlights a number of mistakes that SMEs make and how they can overcome certain barriers to achieve sustainable growth: Redesign your strategy - SMEs often fail to clearly outline their strategy and very often the strategy is not adaptable to a dynamic market Ascending...
Everything you need to know about registering your startup’s name
Adrian Dommisse from Dommisse Attorneys Inc, an attorney who specializes in corporate finance and general commercial contracts, highlights the legal aspects concerning name reservations including: It is not necessary for a company to register a name when registering their company, however business owners need to be mindful of not 'encroaching on someone else's territory'....
Female entrepreneurship: Is South Africa winning the gender inequality struggle?
South Africa still grapples with issues concerning gender inequality. On a global level, the facts show that even though women are prevalent in global workforce, education, employment and wealth indicators still favor their male counterparts - there are parallels to South African trends. A panel of South African panelists discuss this disparity and have highlighted a...
Four entrepreneurship archetypes
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...
Four mentors every entrepreneur needs
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...
Are SMMEs reluctant to adopt tech or simply out of their depth?
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...
How shared office space saves you money
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...
Why shared workspace is more than desks and chairs?
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...