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

What Are The Duties Of A CEO

Tune in to any business channel or podcast, whether online or TV and chances are that you’ll see an interview with a CEO. If I mention the word CEO, what’s the first thing that comes to mind? For some people, a superhero with incredible creativity and panache (think Jeff Bezos and Steve Jobs). For others,

Starting a Business? Here’s the 8 Traits of Successful Entrepreneurs

Today, there is no one particular way to become successful. Today’s youth is not begging for jobs, but creating jobs and if you are on a mission to serve the millions, entrepreneurship is your destiny. But destiny needs to be built, one day at a time. So how do you plan to accomplish your goals

How Social Media Can Boost Your Website Visits

These days, your website can get lost in a jungle of Social Media Influencers and Brand Ambassadors. We see individuals and companies on various social media channels with a hundred thousand followers and wonder, how will my social media efforts ever compare? Gone are the days of cold calling, leaving brochures or company profiles at

The Power Of Referrals

According to the Business Dictionary, Word of Mouth (Referral) Marketing is: Oral or written recommendation by a satisfied customer to the prospective customers of a good or service. Considered to be the most effective form of promotion, it is also called word of mouth advertising which is incorrect because, by definition, advertising is a paid and non-personal