Are Business Plans Still Relevant Today? A Factual Investigation Into This Question…

Entrepreneurs who are starting a new business often wonder, “Do I really need a business plan? Is writing a business plan really the best use of my time?” The answer to these questions is almost always, Yes! A business plan is an integral part of starting a new business. A business plan is a very

This Is Why Investors Don’t Give A Second Thought To Your Pitch

Not everyone is going to pitch their Business Plan to investors. There are many great businesses to be built without ever raising a Rand from external investors, and many types of businesses shouldn’t pitch to external investors to begin with. With this said, I wanted to present some insight on pitching because I know that:

Failure of Businesses in South Africa is No Joke!

The failure of new and existing South African businesses is a topic that has been discussed and debated for years. According to a study by The Small Enterprise Development Agency (SEDA: 2007), a subsidiary of The Department of Trade and Industry, South Africa has one of the highest failure rates of new SMEs in the

Is Your Business Idea Feasible?

Feasible or not! Feasibility; an important component that so many new entrepreneurs fail to consider. Before you get to the stage of starting your own business, and opening your doors for the first time, there are two vital aspects that most individuals find very difficult; firstly, getting a new business idea and determining whether this new

Start-Up Basics 101: Estimating Your Start-Up Costs

Starting a business is a bit like moving into a new house – you are usually well prepared for the obvious expenses, but the hidden extras can break the bank. During the start-up phase of a small business, the business owner needs funds for once-off costs as well as at least six months of working

Service Businesses Can Be Innovative Too

As a small business, you have dreams of taking the world by storm. But, without stating the obvious, not all companies will become the next Facebook, Apple or Naspers. Product companies like Apple are super cool; they keep their loyal supporters on the edge of their seats in anticipation of the next new, innovative product. Service

The Misconceptions Of Starting And Running Your Own Business

So you are ready to start your own business? You’ve brainstormed your business idea, spoken to friends and family about your plans and are ready to leave your full time job to work for yourself and start realising your dreams. So, having read numerous books, blogs and articles on entrepreneurship you are standing on the

Being A Lone Wolf – A Solopreneur: When Is Enough Really Enough?

Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.  Franklin D. Roosevelt Trying to do too much by yourself can be detrimental to your business. Being a one-man band or solo entrepreneur (‘solopreneur’) has tremendous advantages: you can set your own schedule, and

What Are Your Reasons For Starting A New Business?

The decision to start your own business is probably one of the most difficult decisions you’ll ever take. There are so many unknown factors to consider, most of which you won’t even think of during the early stages of your decision-making process. A key component to your decision is establishing whether you have the characteristics

The Top 10 Mistakes Made By Start-Up Companies And Entrepreneurs

So you decide to startup a business. You have an idea. Let’s say you want to be a carpenter. You print some brochures, some business cards, and take out an ad in the Yellow Pages. You pay R8,000 for a website and a domain name that tells everyone about your amazing credentials and experience. You