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

There Is Never Enough Time!

Running a small business can be a juggling act. Entrepreneurs must make important decisions on the company’s future, without neglecting the more banal responsibilities of keeping on top of emails and accounts. Time management is essential to ensure no part of the business is ignored. Time Management is the creation of tools and processes that

Incubator Programmes Available In South Africa

Are you considering starting a business but do not know where to start? Approaching a business incubator for assistance may be a good idea. A business incubator is a programme designed to assist a business in its development and growth phase. Throughout the programme the business owners or entrepreneurs typically receive support in the form

Entrepreneurship Should Be Cultivated From An Early Age

Colour inside the lines, use your inside voice, always ask for permission, don’t talk to strangers, don’t talk when the grownups are talking, wait your turn in line. The list goes on and on of what children is told to do while growing up. Unfortunately, children are consistently hearing messages at a young age that can have

Dealing With Difficult Customers As A New Entrepreneur

The importance of knowing how to deal with difficult customers during the infant years of your new start-up company can’t be overstated. Being equipped with this knowledge and interpersonal skills can assist in ensuring your company’s long-term survival. As cited by Dr David Freemantle, “To create a relationship and therefore a likeable connection with a

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 Most Common Business Plan Mistakes Made

There are many mistakes aspiring entrepreneurs can make when compiling a business plan. Firstly, one must consider the role of a business plan: “It serves as a window through which the entrepreneur allows interested parties a bird’s eye view of the prospective business”. The plan must therefore be an accurate and comprehensive reflection of the

I Am Business Woman … Hear Me Roar

One of the biggest hurdles moms face when starting a new business is how to manage the home, the kids, and a job! It can be done, and many of these moms will actually even find the time to pursue their hobbies and interest as well. First things first, if you are going to start

Beware Of Using A Generic Business Plan Template And ‘Scam Consultants’

Having a new business idea is great! But, without a business plan, or using a generic cookie cutter business plan template a business is essentially rudderless, and day-to-day activities are likely to be haphazard and reactive, in stark contrast to those businesses implementing a well thought out business plan. Unfortunately, there are a number of

How To Choose A Business Plan Consultant In South Africa

Everyone knows the saying that there are only two things of which we are certain in life: “In this world nothing is certain but death and taxes.” History tells us that this saying originates more than 220 years ago. American-born Benjamin Franklin was a statesman, scientist, and writer who frequently corresponded with the prominent international