Entrepreneurship Archives - Page 3 of 6

7 Habits of Successful Entrepreneurs That Startup Owners Should Follow

Chasing deadlines, crunching numbers and pushing innovation are components of ‘”just another day at work” for startup owners. They have a lot on their plates, knowing that 80 to 90 percent of startups fail in the growth stage.

Related: 5 Tips for a Healthy Entrepreneurial Lifestyle

Given all this pressure and constant workload,startup owners are left with no time for themselves. And that’s a shame because little do these entrepreneurs know that following the tried-and-tested habits described below — ones successful owners follow all the time — can boost their productivity like never before.

Here they are:

1. Get moving — any time of day,
Indulging in a fitness activity is the best way to kick-start your mornings, as exemplified by numerous entrepreneurs, leaders and CEOs.

Hit the gym or go for brisk walking, jogging, cycling, swimming, yoga, or simply take your dog out for a walk. Not only does physical activity add to your health […]

Estie2018-03-27T14:57:24+02:00March 27th, 2018|Entrepreneurship, Recources, Syllabus Topics|

#EntrepreneurCorner: Choosing between price, quality and service

Mar 15 2018 Liziwe Ndalana

Cape Town – Many small business owners try to compete on price, quality and service at the same time, but Fin24’s resident expert and small business coach Anton Ressel says this may not be the best way to go about building a business.

He says entrepreneurs often make the mistake of trying to compete on all three fronts at the same time, which may be at odds with each other.

Ressel says it’s important that as a business owner you choose to focus on two of the three areas. Otherwise, you’re going to burn out, or face going out of business.

“What traditionally leads to sustainability in a business is that you focus on two of those elements,” says Ressel.
“For example, if you decide you’re going to compete on quality and service; you have very high quality of work, very high quality of products, your service is exceptional and […]

Estie2018-03-27T11:01:00+02:00March 27th, 2018|Entrepreneurship, Recources, Syllabus Topics|

Elon Musk lines up $55bn payday – the world’s biggest bonus

Another great share by Tony Timm – Thanks!!

Musk will become planet’s richest man if he turns Tesla into a $650bn business in a decade

Elon Musk, the founder and chief executive of electric car company Tesla, would smash all pay records and become the richest man in the world if an extraordinarily ambitious new incentive scheme pays out.
The 46-year-old entrepreneur, who is already a multi-billionaire, has agreed to work unpaid for the next 10 years – after which he would collect an unprecedented $55.8bn (£40bn) bonus if builds the 14-year-old business into a $650bn company within a decade.
If Musk achieves the hugely ambitious target it would be by far the biggest ever executive windfall.

“Elon will receive no guaranteed compensation of any kind – no salary, no cash bonuses, and no equity that vests by the passage of time,” the company said of the new pay plan. “Instead, Elon’s only compensation will […]

Estie2020-04-03T13:35:40+02:00January 31st, 2018|Entrepreneurship, Finance, Recources, Syllabus Topics|

The Price of Bad Financial Decisions for Small Businesses

By: jayhawk

Start-up companies and small businesses have always had a relatively large percentage of failures, which is the ultimate price of making poor financial decisions.

Fortunately, many of these business failures can be avoided if those managing the enterprise can keep from making some common financial mistakes.
Why Small Business Owners Often Make Bad Financial Decisions
Many people go into business for themselves having ample skills at making a business work on a day to day basis. This is often one of the chief motivations for becoming self employed by opening up a small business in the first place.

Nevertheless, too much effort is often put into the daily operation of the business, while not enough attention is paid to bookkeeping and accounting practices, which are essential to running a small business efficiently and profitably.

Read more @ … http://www.businessdictionary.com/article/591/the-price-of-bad-financial-decisions-for-small-businesses/

Estie2017-12-18T17:28:15+02:00December 18th, 2017|Entrepreneurship, Recources, Syllabus Topics|

Grit: The Elusive (But Essential) Entrepreneurial Trait

If you’re familiar with the startup world, you’ve likely heard a lot of entrepreneurs talk about a quality called “grit.”

There are many ways to define this trait, many of which reference passion and perseverance. Author Caroline Adams Miller, for one, defines it as “the passionate pursuit of hard goals that awes and inspires you and others to become better people, flourish emotionally, take positive risks, and live your best lives.”

There are a number of components to grit, said Miller, who wrote “Getting Grit: The Evidence-Based Approach to Cultivating Passion, Perseverance and Purpose” (Sounds True, 2017). However, at the root of it is “ikigai,” the Japanese term for “that which I wake up for” – in other words, your purpose.

“When we have a purpose that is authentic and connected directly to what we want to pursue for its own intrinsic value, it fills us with the passion that supports us through […]

Estie2017-11-15T19:16:20+02:00November 15th, 2017|Entrepreneurship, Recources, Syllabus Topics|

Entrepreneurs become this amazing intersection of leadership and economics…’

Why Yusuf Randera-Rees co-founded Africa’s most innovative SMME investment company….

Sonya & John Culverwell 6 September 2017
In 2009 Harvard and Oxford graduate Yusuf Randera-Rees, and his partner Ryan Pakter, started the Awethu Project with a modest R60 000 – however their vision was everything but modest. In fact it was huge. Their aim was to make a large-scale systemic impact on the country’s economy by elevating entrepreneurs who are trapped in the informal sector.

Follow the link to a video clip https://www.moneyweb.co.za/in-depth/fnb-business-leadership/entrepreneurs-become-this-amazing-intersection-of-leadership-economics/ 10 September 2017

Estie2017-11-15T19:12:35+02:00November 15th, 2017|Entrepreneurship, Recources, Syllabus Topics|

Eight South African entrepreneurs

8 entrepreneurs who built proudly South African businesses

South Africa is a fantastically diverse country with not only a plethora of cultures to celebrate but also a truly distinctive business environment to operate in. Opportunities abound if you look in the right places.

These eight proudly South African entrepreneurs did just that. They looked to their heritage, discovered a market gap and ran with it.

Most of them are unconventional, and some have even been called crazy – but one thing that stands out above all else is their love for this beautiful country and their passion for making a success of their business.

1. MIKIE MONOKETSI

The Business: Mama’s Spices & Herbs

Mikie Monoketsi tapped into the lucrative township market with little more than a hunch and R10 000.

In 2011, Mikie Monoketsi had lost everything – her call centre business and marriage. Having read Dale Carnegie’s How to Stop Worrying and Start Living, she made […]

Estie2017-11-15T19:07:05+02:00November 15th, 2017|2017 Case Study, Entrepreneurship, Recources, Syllabus Topics|

Elon Musk’s new vision: Anywhere on earth in under one hour

2017-09-29 Dana Hull and Perry Williams

Elon Musk

Sydney – Entrepreneur Elon Musk, who envisions a human colony on Mars, is planning to create a new, much larger rocketship code named “BFR” capable of traveling anywhere on Earth in under an hour.

If the concept becomes reality, a journey from New York to Shanghai can be completed in about 30 minutes. The surprise announcement means that Musk’s Space Exploration, which has already disrupted the aerospace industry with reusable launches, plans to ferry humans not just to distant planets but across this one as well.

“If we are going to places like Mars, why not Earth?” Musk said Friday at the 68th International Astronautical Congress on Friday in Adelaide, Australia. Animation played on a big screen behind him, showing scores of people getting on a high-speed ferry in New York, then boarding the BFR. The spaceship then […]

Estie2017-09-30T11:12:17+02:00September 30th, 2017|Entrepreneurship, Recources, Syllabus Topics|

SA firm to use AI to predict crime before it happens

2017-05-29 Kyle Venktess: Fin24

Johannesburg – A software company in Cape Town is hoping to predict crime before it happens through machine-learning, artificial intelligence and data capturing.

Solution House Software has launched a new artificial intelligence (AI) module designed to predict and map potential crimes before they happen.

Solution House Software director Tiaan Janse van Rensburg told Fin24 that the module collates data from 50 types of crimes, from rapes to hijackings to house breakings.

“Using data such as weather patterns and other reported crimes, we are able to predict the likelihood of a specific crime taking place, on a particular day at a particular time,” he told Fin24.

Joburg seen as successful in nurturing female entrepreneurs, report shows

Johannesburg ranked 28 out of 50 cities globally for incubating female entrepreneurship.

Aarti Bhana 11 August 2017

Female entrepreneurs leading Johannesburg in global city ratings. Picture: Shutterstock

The city of Johannesburg has been ranked 28 out of 50 cities globally, for showcasing skill development and business opportunities for women in the 2017 Women Entrepreneur Cities Index.

The index compares and ranks global cities according to their ability to foster and incubate “high-potential women entrepreneurs” and business owners to develop the country’s economic status. The study was conducted by technology services company, Dell.

Cities were ranked by virtue of female skill development in the fields of capital, technology, talent, culture and markets. It was found, however, that South Africa’s female population is leading the political field above others.

The Dell index found that 44% of South African women work […]

Estie2017-09-30T10:56:08+02:00September 30th, 2017|Entrepreneurship, Recources, Syllabus Topics|

Entrepreneurship

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