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Entrepreneurship

  • 7 things you need to include in your plan to become a successful entrepreneur

    Becoming a successful entrepreneur is hard work. There is no easy way and you need to work hard to become successful. Ever heard of the saying: "No Pain No Gain"? Putting in minimal effort will get you nowhere! Ask any entrepreneur if it was easy or hard to become successful? Answers will vary, but something you’ll hear from all of them is it was hard. Believe me, there is nothing easy about starting a business. If you thought working for a boss was hard, the entrepreneurial path can be challenging. Being your own boss can be demanding, scary and bring...

  • Investors agree Southeast Asia has a series B problem. Here’s what’s filling the gap

    Startups in Southeast Asia have seen an influx of funding at the seed and series A stages, but the same can't be said for series B, experts observe. "A lot of seed and series A investments have happened and many of these companies will get to series B stage, but we don't have a lot of series B funds. There's only a handful that are really dedicated to writing US$7 million, US$10 million, US$15 million checks in Southeast Asia," Stefan Jung, a founding partner at Venturra Capital, said today at the Tech in Asia Tokyo 2016 conference. Also onstage were Hanno...

  • How do I raise angel funding in Silicon Valley as a foreign startup?

    You’re an aspiring entrepreneur. You’re a hotshot startup heading for unicorn status (whatever that means). You have the next best thing that will change the world. Regardless of where you sit on the spectrum, or what your motivations are, be it the promises of riches and fortune, or driving sweeping social changes, we are all drawn by the allure of this mystical land, Silicon Valley. However, the romantic notion of this place being awash with cash, and you landing in SFO to score that golden ticket could not be further removed from the truth when faced with the reality of the...

  • BBOXX secures $20m investment, to step up in Kenya, Rwanda

    BBOXX, an off-grid solar company, has secured a US$20-million Series C investment to step up operations in Kenya and Rwanda. BBOXX not only designs and manufactures their plug and play solar solutions but manufactures them as well. More than 70 000 BBOXX products have been sold in over 35 countries, providing off-grid power to around 350 000 people, the company said in a blog post. The investment comes from Mackinnon, Bennett & Company (MKB), ENGIE Rassembleurs d'Energies and KawiSafi Ventures, as well as existing investors. "We are excited about the growth potential for the African off-grid solar market and delighted with BBOXX's rapid development," said Managing Director of ENGIE Rassembleurs...

  • 8 tips on how to pitch your ecommerce business

    The ultimate goal of any business, including yours, is to create an army of loyal customers. Regardless of the stage that your business is in, everything else will follow smoothly from there. Your loyal customers are the ones to keep the business wheels spinning and also keeping your bottom line magnified. So, basically, it all boils down to your customers, which is why it is crucial that you have them. And that you keep them. In order to attract customers to your ecommerce business, you will need to pitch it the right way. While this sentence may seem like common...

  • USA looks to create ‘startup visa’ for international entrepreneurs

    The US Department of Homeland Security (DHS) is looking to publish a new rule in order to accommodate foreign startups. Entitled the International Entrepreneur Rule (IER), this will allow foreign entrepreneurs to gain easier entry into the country. "America’s economy has long benefitted from the contributions of immigrant entrepreneurs, from Main Street to Silicon Valley," writes the director of U.S. Citizenship and Immigration Services (USCIS), León Rodríguez, on the organisation's website. "This proposed rule, when finalised, will help our economy grow by expanding immigration options for foreign entrepreneurs who meet certain criteria for creating jobs, attracting investment and generating revenue in the US," he continues. If passed,...

  • Bottles: delivering a ‘cold one’ to your door

    In a nation that loves to braai and enjoy a good beer, cider or glass of wine, some consumers tend to make reckless decisions and get behind the wheel, especially when the party runs dry. A solution is available though, in the form of Bottles. Bottles is an on-demand alcohol delivery app which delivers drinks to your door in under 60 minutes, saving you the trouble of leaving the party. "Towards the beginning of 2015, we were at a braai in Durban with friends, and as fortune would have it, we ran out of drinks," Vincent Viviers, the co-founder of Bottles, told Ventureburn...

  • SA investors can apply for Tier 1 visa to live in UK

    The British Home Office has created a programme in order to encourage foreign investment, opening the door for SA entrepreneurs to move to the UK. According to Gary Kockott, the MD of Sable Group (a company dealing in foreign interests), the Tier 1 Entrepreneur Investment Programme may be a viable option for those wanting to sell off their assets in SA and immigrate to the UK. "This bespoke UK citizenship investment programme requires an investment of £200 000 in a UK business opportunity for an applicant and their family to receive residency and possibly citizenship if all the requirements are met," says Kockott,...

  • Applications open for Johannesburg based Centre for Innovation and Entrepreneurship courses

    The Centre for Entrepreneurship and Innovation (LORA) is looking for applications for its 2017 New Venture Creation programme in Johannesburg. The programme will prepare students for decision-making, risk-taking, storytelling, market, strategy, and other topics. Students will need to complete Entrepreneurship and Innovation, Business Finance, Operations Management, Marketing Management, Personal Branding, Digital Marketing, and Business Strategy and Leadership modules. The course is five months long, spanning January to July, and is a SETA accredited certificate. According to the LORA about page, the programme's teachers "don't teach what is in the textbook, we discuss what practically happens in the marketplace, the next bounce of the ball in...

  • Village Capital needs fintech startups for FinTech: Africa 2016 programme

    Training and investment company Village Capital is looking for entrepreneurs in Sub-Saharan Africa for its FinTech: Africa 2016 programme. The event aims to find startups who are not only in the fintech sector, but who will be able to increase the financial health of low-income populations. The event is to be hosted in conjunction with The MasterCard Foundation and the DOEN Foundation. When looking for startups for the event, Village Capital lists criteria such as using data and analytics to leverage credit and payments, increase efficiency in supply chains and distribution channels, and tools for working-capital loans and financial management loans. Once the programme has concluded,...