Featured Entrepreneur

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This weeks featured entrepreneur is Thabo. He is the owner of Gauta Trading and Projects. Tell us a bit about yourself: Our company’s name is Gauta Trading and Projects (Pty) Ltd. We alleviate the stresses of building maintenance from professionals who own their own Office Spaces or Premises. Our target market is professionals like Doctors, Lawyers and Engineers due to the …

Facebook Page vs. Facebook Profile

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There is a distinct difference between a Facebook page and a Facebook profile. In order to better manage your Facebook business presence you need to identify the key differences between the two. The basics Facebook Profile Firstly, a Facebook profile is a personal account which is created when you first sign up to Facebook. It is a link to friends …

Featured Entrepreneur

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This week we are featuring Mike Mohlala from JSTE.  Tell us a little bit about yourself: My name is Mike Mohlala, and I am a qualified Mining Engineer. My company JSTE,  does  mining contracting services, logistics and civil construction. We have experience working on mines and civil construction sites. We understand what the clients’ needs are and tailor make our services …

Canva for entrepreneurs

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The new “it” word is visual marketing and everyone is talking about it. Entrepreneurs and small business owners shouldn’t brush it off because it’s definitely not a fad. Images are extremely important – and here’s where Canva, a graphic design application, is making it easier for entrepreneurs. What is Canva? Canva is a graphic design start-up which launched in 2013. What’s great …

Funding for Entrepreneurs

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One of the biggest challenges faced by SME’s is access to finance. While this may feel like an extremely difficult hurdle to overcome, it doesn’t have to be. There are actually numerous options for entrepreneurs to investigate, below to name a few. Finfind Finfind aims to address the challenges SMME’s face in this area. It is an innovative, online platform …

WhatsApp Business: everything you need to know

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WhatsApp Business WhatsApp has recently launched WhatsApp for Business, with the aim of targeting small business specifically.  It is important to note that, at this stage, WhatsApp Business is only available for download for Android devices, sorry Apple users, you will have to wait. WhatsApp is an incredibly attractive platform for businesses. With more than 1.3bn users, it’s larger than …

Social Entrepreneurship in South Africa

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What motivates a social entrepreneur? According to a study released by GIBS, “Social Enterprises in South Africa: Discovering a vibrant sector”, social entrepreneurs fall into 1 of 3 categories. They either motivated by purpose, or profit or both. Key characteristics The key characteristic of a social enterprise is innovation. They think of innovative ways of delivering their product or service. …

Entrepreneurship is lonely

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“Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference.” Robert Frost, 1916 We all like the glamour that comes with the word Entrepreneur – striking it out on your own, being your own boss, forging your own path, making it happen…on your own. Yet Entrepreneurship is often …

The benefits of Enterprise and Supplier Development contributions

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WHAT VALUE DO YOUR ENTERPRISE AND SUPPLIER CONTRIBUTIONS HAVE? Most entities leave Enterprise and Supplier Development contributions until the last minute. The finance manager provides the transformation officer with the NPAT targets and they have to run with it. As a result, they likely haven’t put much thought into the benefits of these contributions. Hence, the question arises, what benefit …

What constitutes as Enterprise and Supplier Development contributions?

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What constitutes ESD Contributions? According to the Codes of Good Practice, Enterprise and Supplier Development contributions are monetary or non-monetary contributions carried out to beneficiaries, with the objective of contributing to the development, sustainability and financial and operational independence of those beneficiaries. So why is this so important? SME’s have the potential to make a real difference to the economy. According …

Your Value Proposition

Understanding the Alternatives

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Learn to listen Empathy is the ability to relate to the emotions of others.  I am constantly reminded that empathy is a skill, when looking at the way in which my wife listens, understands and responds to our children.  Empathy requires a level of sacrifice, it requires you to set aside your own stuff (the need to close the deal …

Pricing Decisions for Start-Ups

Pricing during Start-Up

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Have you ever run into a convenience store to buy a drink? Whenever I stand in front of the drinks’ refrigerator I am amazed at the variety of water on the shelf. Some of the labels claim that the water within comes from a rare spring high up in an unpolluted mountain or melted from an ancient iceberg. Despite the common …

Next Step to Entrepreneurial Growth

Your Next Step to Growth for Your Enterprise

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What is the smallest thing that you can create that you will be able to sell? This is the often first question I pose to entrepreneurs.  Most entrepreneurs are trapped in the mindset of thinking big.  They have already envisioned themselves driving the luxury car, owning the luxury home and cruising the luxury yacht.  Before getting there however there is …

Code Series 400 BBBEE Codes

DRAFT CODE SERIES 400 OF 2018

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A draft amendment of Code Series 400, which is the section that looks at Enterprise and Supplier Development, was released on the 15thof June 2018. The amendment effectively increased the targeted preferential procurement that Government requires of companies, with relation to larger companies, but the impact of that will be a decrease of spend with smaller companies. The spend that …