South African smartphone usage continues to rocket upwards as penetration in 2019 was measured at 91.2%! That astonishing market penetration is even more impressive when you hear that it was 81 .7% in 2018, 10% year on year growth.
You’ve heard about the Industrial Revolution, but what about the Fourth Industrial Revolution? Let’s break it down, and explain what it means for you as a young entrepreneur! A couple of hundred years ago, the First Industrial Revolution introduced coal, water and steam to mechanise production. That allowed the Second Industrial Revolution to kick in [...]
Thinking of starting a business? If so, you will have probably been told to craft a comprehensive business plan. The question is, how important is a business plan really? And what should a good quality business plan include? We investigate below. Is a business plan actually that important? In short, yes. A business plan acts [...]
The COVID-19 pandemic has had a mammoth impact on the world as we know it, especially from a health and finance perspective. A significant economic downturn is just one of the consequences brought about as a result of the virus. And the reality is that the suffering economy is having an effect on entrepreneurship, too. [...]
According to the cartoon, spinach makes Popeye strong. Maybe in South Africa, Swiss chard makes you even stronger? This certainly seems to be the case for 27-year-old Ncumisa Mkabile, a young entrepreneur from Khayelitsha in Cape Town. Her small farming business is growing from strength to strength - providing her family with an income while [...]
Got an idea for a new business, but not sure if it will work or not? Now more than ever (during the time of Covid-19) young entrepreneurs have many opportunities to begin new businesses, but also need to be more conscious and careful when it comes to planning and developing their business idea. There are [...]
How do you keep a small business alive during the coronavirus pandemic? By being innovative and pivoting your products and services to keep up with the new normal. Entrepreneurship during Covid-19 is very different to what it was before the pandemic. Even with more relaxed lockdown restrictions, many business owners are still limited in how [...]
They say networking is not for everybody. That it's a gift you have or don't have. They say so long as you can interact with your peers and people in general, you're okay. What they often don't tell you is that networking gets easier and better with practice and living in a world where artificial [...]
Young entrepreneurs with great ideas will often feel an overwhelming desire to be successful. However, this desire and drive is often overshadowed by a fear of failure. In fact, this fear can be so pronounced that it completely takes over the entrepreneur’s focus, effectively derailing their best efforts to push forward to the top. The [...]
Your business goals to grow and scale your business require you to make a few considerations. Here are 4 ways to scale your business effectively.