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Entrepreneurs – REFUSE TO be another statistic

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How to address common entrepreneurial challenges in South Africa

While more effort from both the public and private sectors has, in recent times, been placed into creating a more conducive eco-system for entrepreneurs to start their businesses and thrive; unfortunately, many local entrepreneurs remain challenged by a number of common barriers to entry.

These include the slow rate of economic growth and transformation, coupled with difficulty of access to funding and development opportunities, which continues to be a career-hampering burden – particularly for young entrepreneurs.

Gugu Mjadu, spokesperson for the 2018 Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS, says that entrepreneurs need to apply a fresh approach for overcoming these barriers for themselves.  “Entrepreneurs are naturally driven and passionate individuals who are known for ‘taking the bull by the horns’ when it comes to achieving their dreams. For young entrepreneurs to succeed, the…

Fear of failure hinders South Africa's aspiring entrepreneurs

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Opportunity for young aspiring entrepreneurs to turn their ideas into a viable business with national free business training workshops

According to the 2017/2018 Global Entrepreneurship Monitor Report, 43% of South Africans perceived good entrepreneurial opportunities, yet only 11% of entrepreneurs were engaged in Total Early-stage Entrepreneurial Activity and had taken the steps to start a new business. Further to this, 31% of respondents had reported to have a fear of failure when starting a business.

Christo Botes, executive director of Business Partners Limited (BUSINESS/PARTNERS) says that this is something that can be remedied through accessible initiatives that equip aspiring entrepreneurs with the necessary knowledge, skills and support. “It is imperative that young entrepreneurs have all the resources they need to confidently take their ideas and turn them into viable businesses.”

With this in mind, the SME Toolkit BUSINESS/PARTNERS Business Plan Competition for Aspiring Youn…

Micro Franchise Development Program - 2018 Intake

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SA Franchise Warehouse presented its 3rd of 5 boot camps as part of the Micro Franchise Development Program at the Sandton offices of Hogan Lovells (South Africa) Inc. on 7 and 8 June 2018.


“Entrepreneurship is about turning what excites you in life into capital, so that you can do more of it and move forward with it.” SA Franchise Warehouse’s 2018 intake of candidates of the Micro Franchise Development Program are just as enthusiastic as Richard Branson when it comes to running their own businesses and this is why:

Activecare Clinics is owned by 4 shareholders and Dr Unben Pillay, based at the Midrand Branch represents the brand.  With 5 branches open nationwide, Activecare Clinics are serving South Africans by making medical help easily accessible for all when it comes to medical treatment, dental treatment, wellness and allied health which includes Biokinetics, Physiotherapy and lab services.

Africa Steel Holdings is a 100% black-woman owned business operating in South Africa by Mayl…

Digital Disruptions in the Accounting Profession

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Many industries have been disrupted by online applications.  It’s quite unbelievable to stop and think that the largest retailer in the world (Amazon) has no shop or that the largest taxi service (Uber) has no stock of vehicles or that the largest accommodation bookings site (Airbnb) doesn’t let out any of its own properties.  Similarly, online applications are making it possible for firms to do a lot of menial accounting work without the need for an actual accountant or bookkeeper.

The above is leading many to question the future role of the traditional accountant.  There has even been speculation in academic circles that the “accountant” as we know him/her today will not be around 10 years from now.  This begs the question then - where does this leave those currently in the accounting profession?  Adapt or die!

At The Tax Shop we have and are taking huge strides to ensure that we remain relevant in our profession and as service providers to our clients by adopting innovative cloud …

FASA Franchise Award Winners 2018

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Reflecting Global Consumer Trends and Commitment to Growing the Economy and to Job Creation

The Franchise Association of South Africa’s Awards for Excellence in Franchising, sponsored by Sanlam, reflects what’s trending in worldwide consumer circles and cements the franchise community’s commitment to growing the economy and to job creation.

The results reflect trends identified by the Nielsen Consumer 360 survey, which looks at the key drivers that will shape consumer opportunities until 2025. It shows that as South Africa’s population becomes more urbanised,  with different product and service needs for the Generation X and Y’s, there will be a keen focus on the health and wellness sectors.


HEALTH AND FITNESS THE TRENDS TO WATCH

The FASA Awards this year clearly reflected those worldwide consumer trends in health and wellness in the two top awards:

Kauai as Franchisor of the Year – who continue to ride the trend wave in the health food revolution are reaping the rewards for their innova…