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

Creating An Entrepreneurial Spirit In South Africa’s Youth

I Want It My Way Or No Way Instant research results via Google as opposed to sitting in a library, drinking a warm cup of coffee and taking the time to enjoy the serenity of paging through a book to accumulate the knowledge you seek. Instant meals as opposed to learning by trial and error

Beyond The Business Plan

Is it all doom and gloom when starting a business or is there a silver lining?  Creating a new business is a process fraught with difficulty and failure and many businesses fail in the first twelve months of trading. Most businesses operate in competitive markets: They have to compete against and out manoeuvre competitors in

Top Business Models For Your New Start-Up

“The best start-ups generally come from somebody needing to scratch an itch.” Michael Arrington, TechCrunch Founder and Co-editor   Whenever meeting new or existing entrepreneurs, you are bound to hear the term ‘Business Model’ somewhere in the conversation. But just what is a business model? Which ones work best and why? How do you know

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

Implementing A Marketing Plan

Behaviour precedes belief – that is, most people must engage in behaviour before they accept that it is beneficial; then they see the results, and then they believe that it is the right thing to do….implementation precedes buy-in; it does not follow it.” Douglas B. Reeves Speak to any prospective entrepreneur and even existing business owners

Top 5 Reasons Why You Need A Business Plan

Anybody beginning or extending a venture that will consume significant resources of money, energy or time and that’s expected to return a profit should take the time to draft some kind of business plan. But there are many reasons to write a business plan, including the following five: 1. You want to start a business. The

How To Conduct Market Research On A Limited Budget

Question: I am in the process of starting my own business. Part of this process is writing a business plan to present to potential investors, which should include reliable market research. My business is a new Female Clothing Boutique selling bespoke garments, handbags and shoes. I am not sure how to do market research on

Reputation … This Can Make Or Break Your Business

REP-U-TA-TION: The estimation in which a person or thing is held; especially by the community or the general public; repute: a man of good reputation. “A man (woman) of good reputation”. If you are like me then that is definitely how I want to hear people talk about me and how I conduct business. Reputation is everything in the Business World. Whether you’re an online company or a multi-billion dollar corporation,

A Little Competition Never Hurts Anyone

Although most Entrepreneurs dream of having a market all to themselves, it has been shown that you’re probably better off with having some kind of competition. People usually think that with no competition the entire market for their product or service will be theirs.  If nobody is competing in your space, it’s probably save to

To Be Or Not To Be … In A Business Partnership

Let’s be honest, business partners, like parents and spouses, are rarely perfect and comes with their own set of challenges. Deciding on whether to take on a business partner is a very important decision that you might have to make. If you made the choice that this is the way to go in taking on