Entrepreneurship Archives - Page 2 of 6

Tips for SMEs expanding into Africa

In light of Africa Day on the 25 May, more South African small and medium enterprise (SME) owners should be encouraged to look at how they could expand their operations into the rest of the continent.

This is according to Mark Paper, chief operating officer at Business Partners International, who says that Africa has for long been regarded as a region with untapped economic opportunity.

“The African Development Bank reports that the economic growth in Africa is set to accelerate to 4.1% over the course of 2018 and 2019, which can potentially yield benefits for SMEs.”

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Estie2018-06-08T17:15:07+02:00June 8th, 2018|Entrepreneurship, Environments|

Previously disadvantaged face more tech start-up challenges

Cape Town – While tech start-ups generally face the same common challenges as other small businesses, previously disadvantaged members of the tech ecosystem face additional challenges, according to Kerry Petrie, general manager at Silicon Cape, an initiative by local entrepreneurs focused on branding and promoting tech in Cape Town.

Commonly cited challenges for start-ups are usually access to markets, funding and governmental red tape. Previously disadvantaged individuals trying to enter the tech SME sphere face additional challenges like skills deficits, structural inequalities and very limited social capital.

“Many service providers are seeing the need to work with this sector. From the largest legal and financial firms in the country to small, localised consultants, there is value in developing business clients from early relationships,” explained Petrie.

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Estie2018-06-08T17:13:47+02:00June 8th, 2018|Entrepreneurship|

Entrepreneurs flock to Cape Town, Africa’s start-up capital

Cape Town is the continent’s start-up capital, says Wesgro, the official tourism, trade and investment agency for Cape Town and the Western Cape.

James Milne, head of Wesgro’s investment promotion team, and Boitumelo Menyatswe, ecosystem manager at Silicon Cape, shared their insights with Fin24.

From across the globe, start-ups choose Cape Town for various reasons: lifestyle, community, access to funding, a culture of creativity, and available talent. The latter is due to many top tertiary institutions in the area.

Additionally, investors are drawn to the city, thanks to the range of quality start-ups, tax incentives and access to the rest of Africa.

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Estie2018-06-08T17:11:35+02:00June 8th, 2018|Entrepreneurship|

15 Best Innovative Small Food Business ideas for 2018

What are the best food business ideas and opportunities to start in 2018? Are you interested in starting a business in the food industry? What opportunities exist in the food industry? If you want answers to the questions above, then i advice you read on.

If there is an industry that is unlikely to go down, it is probably the food industry. Regardless of the economic situation, weather or whatsoever, people must eat. People might stop buying clothes and jewelries but they will never stop eating.

Also, this is a business you can start in any locality or region; whether Nigeria, Canada, USA, U.K, Ghana, India, Singapore, etc. So if you are interested in starting a food business, below are some food business ideas to help you start or expand your existing food business.

15 Best Innovative Small Food Business ideas to Start in 2018

1. Become a food Producer

The food industry is highly dependent on […]

Estie2018-05-20T17:35:34+02:00May 20th, 2018|Entrepreneurship, Other|

How much it costs to open the 10 most popular fast food franchises in South Africa

Despite a weak economy and tough trading conditions, the franchising sector has continued to perform well – especially in the fast-food sector.

“Over the past few decades, business format franchising has become the most successful business model the world has ever known,” said Tony Da Fonseca, chairman of the Franchise Association of South Africa (FASA).

“Seeing that in this fast-moving world of ours, change is seen as the only constant, it is appropriate to ask whether franchising can maintain its momentum. My answer is a resounding yes.”

Survey results released by FASA in 2017 showed that the sector’s performance remains on an upward trend.

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Estie2018-05-20T17:16:27+02:00May 20th, 2018|Entrepreneurship, Finance, General management and CSR|

5 trends entrepreneurs can capitalise on this year in South Africa

In the year 2018, a change of guard in the ruling party promises renewal after the past few years of weak economic growth, poor governance and low confidence.

On the back of such, starting a business from the ground is a major milestone that many people are thinking about in 2018. As a result, there is little faith that ordinary people and business alike can have a big impact on the robustness of the economy.

Their prospects to start a business will among others, close the unemployment gap, boost investment levels to the National Development Plan target of 30% of GDP.

Trudi Makhaya, consulting economist for Mercantile Bank highlights several main themes for entrepreneurs to look out for in 2018:

The Second Coming of the National Development Plan

In a speech outlining his vision of the economy last December (a New Deal for Jobs, Growth and Transformation), Cyril Ramaphosa outlined a […]

Estie2018-05-18T17:38:40+02:00May 18th, 2018|Entrepreneurship|

The Biggest Trends in Entrepreneurship to Look For in 2018

I’m a big fan of looking toward the future.

Thinking about the years ahead can help you plan your goals and strategies better and if you do it right, you can beat your competitors to the finish line by doing something before they do.

Looking ahead can also help you improve your own business.

I’ve always kept up with trends in business because it helps me know what to expect.

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Estie2018-05-18T17:34:32+02:00May 18th, 2018|Entrepreneurship|

7 Signs Your Personal Brand Needs Work

Sujan Patel: – VIP Contributor
Entrepreneur and Marketer, Co-founder of Web Profits

April 3, 2017
Opinions expressed by Entrepreneur contributors are their own.

“Personal branding is one of the most important skills that every professional must master at some point in their career,” marketing speaker Seth Price says on his website. “It’s the culmination of many different skills.”
He’s right: At the end of the day, your personal brand is the only thing you truly have. It’s your reputation online; and, in the business world, your personal brand drives your game. It has to reflect the fact that you are transparent, forward-thinking and willing to put everything out there to achieve success.

However, some things may not go as planned, and the consequences could have a lasting impact on your business or career. Case in point: 53 percent of decision-makers said in one survey that they had eliminated vendors from consideration based on information they found […]

Estie2018-05-05T11:13:34+02:00May 5th, 2018|Entrepreneurship, Marketing, Recources, Syllabus Topics|

6 Of The Most Profitable Small Businesses In South Africa

Zero to 100 million in only a few years, we take a look at South Africa’s start-ups that have grown from fledglings to million rand businesses.

The Business of Iced Tea
Vital Stats
• Player: Grant Rushmere
• Brand: Bos Brands
• Established: 2009
• Visit: www.bosicetea.com

When Grant Rushmere first envisioned Bos Ice Tea, he did it through the lens of creating a global brand. This wasn’t going to be a small local brand that would grow organically, and maybe enter international markets in the distant future. No. This was a brand engineered for stratospheric growth, which required a ballsy optimism and willingness to go big or go home.

“From the beginning we jumped in with both feet. We approached retailers and secured contracts that we knew we wouldn’t be able to sustain down the line if we didn’t get funders on board, but it was a calculated risk that we were willing to take.”

“I had developed […]

Estie2018-05-05T11:12:01+02:00May 5th, 2018|2018 Case Study, Entrepreneurship, Recources, Syllabus Topics|

The 4 Types of Entrepreneur and Why You Need to Be Each One

Scott Oldford March 23
Opinions expressed by Entrepreneur contributors are their own.

If you want to grow and scale your business over the next year, you need to have all four of these entrepreneur personality types.
The problem is, this is hard because you’re a single person with a single personality.
But, if you want to build a successful business, there are several traits you must possess, and in essence, four “hats” you must wear. People often have one or two but struggle to embrace all four. In my experience after working with hundreds of entrepreneurs, this leads to a lot of trouble as you grow.

In the beginning, most entrepreneurs are true entrepreneurs who innovate and create and break things. They are reckless, and to get an idea off the ground, you often have to be. But, as you transition from six to seven figures, you must find a way to embody all […]

Estie2018-05-05T10:34:31+02:00May 5th, 2018|Entrepreneurship, Recources, Syllabus Topics|