Where Can Small Businesses Find Funding In South Africa?

There are more than 2.5 million small and medium-sized enterprises (SMEs) in South Africa, however, accessing funding remains still a major challenge for many entrepreneurs. To combat this, the country now has a growing alternative lending sector that is focused on providing funding for this market. SME lending is a massive gap and a global

Top 7 Bookkeeping Mistakes Made By Small Businesses

From one-person entities to JSE-listed companies, no business can escape the dreaded task of bookkeeping. While it’s definitely not one of the more glamorous parts of the job, bookkeeping is at the heart of small business success, which means errors can be crippling. To avoid the financial headaches that come with bookkeeping mismanagement, it’s important

Are You Afraid Of Failing In Your Business? Don’t Be! I Failed Too…

In our society, failure has become some sort of an unmentionable occurrence. None of us likes to talk about it. But we all know it’s there. Scrolling through articles, social media posts, etc. we look at other “successful entrepreneurs” and immediately these images and narrative invites us with the allure of ample time and freedom

Meet Generation Alpha – The Kidpreneurs: 10 Tips to Help these Entrepreneurs of the Future

We’ve all heard the stories of kids starting a business at a young age. It’s a tempting scenario: Your child develops a passion for something, turns it into a business, and before you know it, they’re supporting you in your not-so-old age. Generation Alpha are those born after 2011. In 2050, the eldest Alphas will

Starting Versus Buying A Business. Which Option Is Best?

Before I start off, let me be upfront by saying, 99% of would-be entrepreneurs out there do not have the funds to buy an existing business. But, in an ideal world, if you do have the funding available, it would be worthwhile to look at the reasons why buying a business is an easier path

Is The Market Ready For A New Type Of Business Plan?

Lately, I’ve been rethinking Business Plans. On the one hand – in the consulting, finance, investor and academic world – what is meant by a Business Plan is a fairly comprehensive research project. It includes a thorough analysis of issues including customers, markets, competitors, pricing, marketing strategies, risks, with detailed multi-paged financial projections looking three-

Planning To Enter The Petroleum Industry? Here Are Some Interesting Facts…

The South African petroleum industry is still in its beginning stages, even though the history of the industry dates to the 1940s. For the first 20 years of the industry, almost zero development took place, except for light exploratory efforts. Then, after less than a decade of international development, another period of almost 20 years

What Can Entrepreneurs Learn From Olympian Athletes?

Every four years, athletes from around the world gather to show off their physical skills and prowess. For many, the Olympics are the pinnacle of their careers. But what can business owners learn from Olympic athletes? The idea that you have to spend years and years without a certain payoff is true of both. During

Your First Year As A Business Owner: Expectations Versus Reality

After all the late nights and pressure-filled days, your business is finally up and running. Congratulations, you’ve made a leap that many South Africans aspire to. And while it may not all be smooth sailing from this point – recent research by Xero research has highlighted that one-third of small business owners find the first

Are You Entering The Craft Soda Market? Here’s Some Free Market And Industry Insights

The Global Craft Soda Market Size was valued at USD537.9 million in 2016. Rising population in developing countries along with the increasing consumer disposable income is expected to have a positive effect on the product industry in the coming years. Moreover, the growing health concerns and raising awareness regarding the use of organic products are

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

8 Things You Should Never Ever, Ever Say To An Investor

Investors are much better at negotiations than you are; after all, this is what they do, and they do it daily. You on the other hand, rarely do it. When you approach potential investors to invest in your new company, you should avoid certain expressions. They are traps that make you look weak or dig