Are you selling part of or your entire business? Perhaps you are looking to buy a business? If you are selling your business, make sure you do not lose out on all the years of hard work and sleepless nights you have put in by pricing it too low. And if you are buying a business, gain confidence that you are not overpaying for the asset.
Unless your business has the Balance Sheet of Amazon, eventually you will probably need access to capital through SME Business Financing. For small businesses, finding the right SME Business Financing and funding model is vitally important.
Business ideas are only as good as the Strategic Business Plan behind them. Often, entrepreneurs are caught in the excitement of a new business venture but fail to follow through because of a lack of direction.
Every business owner should conduct a regular SWOT Analysis to assess the company’s strengths, weaknesses, opportunities, and threats in relation to its competition. A SWOT Analysis helps evaluate where a company stands in a competitive market and what steps need to be taken for further strategic planning, helping decision makers draw a future roadmap for the company.
Look at any well-written Business Plan and you’ll see a section called “Value Proposition” – and this is normally one of the key questions investors have from entrepreneurs and how this value proposition will solve a problem for your intended customer.
Small business owners face many challenges when they apply for loans, but sometimes, the biggest mistake and challenge is of their own making. If you wait until you urgently need financing to start looking for a lender, you’ve waited too long.
Millions of small business owners and startup entrepreneurs are masters at creating great products and services, building effective teams and winning over customers. Many of them, however, would probably flunk basic bookkeeping.
Venture capital is one of many ways entrepreneurs can obtain funding for their business ideas; among one of the most popular, in fact. Venture capitalists can be found anywhere, especially in the fastest-growing cities for entrepreneurs today.
With all the negativity surrounding us due to the major impact COVID-19 has had on our economy, I want to believe that new businesses will emerge during and after the lockdown. South Africans are a resilient bunch and NOW may be the best time yet to start a business. The economy is in shambles. The currency is worth less than toilet paper. And companies are retrenching. So what else could go wrong? Why not create your own destiny. Create your own job in starting your very own business.
Consumers, now more than ever, feel they need a stronger connection with the companies they engage with. Personal branding and how you represent your business are vital considerations in today’s market. How you come across and are perceived are more important than just a logo and a tag line. Personal branding can’t be ignored.
Where are the days where you would walk into a coffee shop and in passing, the discussions you would overhear are about business ideas, the next big thing, etc.?
Very little in life is free. So if you can get free marketing ideas, you might be sceptical. Whether your business is still new or well-established, large, or small, you need to tell people about it, and that means marketing (and advertising).