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Entrepreneurship

  • 5 tips to keep your employees from burning out

    If there are people who work extremely hard it has to be entrepreneurs. These people can put in serious hours of work time and not feel like they have done enough. There are those people who just want to show up at the office at nine in the morning and leave before five. The moment you own your business and you want to achieve something from it, you will work yourself like a donkey. The reason for working hard could be a motivation to attain success or simply to avoid failure. The most surprising thing is that some people...

  • Big ego equals bad relationships

    ego ˈiːɡəʊ,ˈɛ-/ noun a person's sense of self-esteem or self-importance."he needed a boost to his ego" synonyms: self-esteem, self-importance, self-worth, self-respect, self-conceit, self-image, self-confidence; amour propre"he needed a boost to his ego" Developing relationships whether online or offline carry a fine balance of give and take. Good relationships are symbiotic with both parties deriving some form of value. All to often, the ego becomes a disruptive force, resulting in a failed relationship. Here are five things to consider. 1. Put others first In all relationships you develop with others, make a point of always putting the other person first. From the very first time you meet...

  • 5 important indicators of performance every small business should track

    If you don’t measure your small business’s performance, you won’t be able to improve it. There are a range of indicators that you can use to measure your company’s growth and help you to determine whether your business is on track, as well as help you to meet your business goals. Here are a few indicators to determine how well your business is doing, as well as some tools that you can use to help. 1. Web Traffic Most small businesses today have a website and possibly even e-commerce capabilities. Use tools such as Google Analytics (it’s free) to measure...

  • 5 business hiccoughs tech startups need to be prepared for

    Just like all great things take time to materialize, so does the success of a tech startup. Of course, it will also require tremendous effort and the hope that, at the end of the day, things will pan out the way you desired. The first step to a successful and sustainable startup is starting it right. This comes with its fair share of trials and tribulations. There will be several factors to...

  • You aren’t good enough: what I learned from defying average

    “You aren’t good enough”. That’s the message that’s been drilled into the majority of our heads from the day we started school. Every report card, every teacher instilling the fear of failure, and every student number doing exactly that - stating that you’re just a number. At school every report I received confirmed that I was average. I was always two percent above or below the grade average. Without fail, my teachers would put how average I am into writing: “Jacques can do better… I’m disappointed in him”. I even had teachers tell me how much I’m not like...

  • These are the 3 winners of SA’s Total Startupper Challenge

    In 2015, petro-chemical giant Total AMO jumped on the entrepreneurial bandwagon with its “STARTUPER OF THE YEAR BY TOTAL” campaign. Running in countries across countries in the Africa and Middle East region, the competition sought to help young entrepreneurs get their ventures off the ground, with a R1.2-million prize pool on offer in South Africa. Three companies emerged out of the 10 finalists to this competition. They are: Nkazimulo Applied Sciences, Kwa-Zulu Natal Bathabile and Roderick Mpofu entered their startup, Nkazimulo Applied Sciences, which is a company that assists high school learners with gaining a closer relationship with science concepts....

  • 5 tax questions every entrepreneur should ask in 2016

    It’s tough out there. Entrepreneurs need to do more with less and keep an eye on changes in the tax legislation, as these could affect their payroll calculations and the tax they need to pay on behalf of their employees. Finance Minister Pravin Gordhan’s recent budget speech admirably brought a sound outline for the country’s framework for the next year with some changes in tax legislation. Some of these legislative changes (as included in the amendment Acts and reiterated in the budget speech), such as employee contributions to retirement funds, will most probably have an impact on the company’s payroll...

  • Nairobi bootcamp to up-skill entrepreneurs in fund-sourcing, deal structuring and negotiation

    A Nairobi bootcamp takes place this week, with the aim of bringing together entrepreneurs and investors and educating startups on sourcing for funds, deal structuring and negotiation. Organised by the East African Angel Investor Network and Viktoria Ventures, the event includes a panel consisting of both angel investors and startups that have gone through previous rounds of financing. In an interactive Q&A session, they will relay their experiences to the startups in attendance. This event, which takes place on 14 April at Strathmore University is part of series of events Viktoria Ventures is organising to connect promising entrepreneurs with the local...

  • Startups, here’s how to make money [infographic]

    You may be bored with your current job, longing for the day when you can be your own boss. There many be a business idea, a product, a solution rattling around in your head, and you may have the intention of creating a startup around it. The question is, how do you make money out of your idea? Funders & Founders have put together a small infographic on just how to achieve your goal. It's not in-depth, and some may want to look at their previous infographics, such as doing things that don't scale and how to nab that investor,...

  • 7 tools that make an entrepreneur’s day simpler and more productive

    Busy entrepreneurs have many responsibilities to manage each day, from doing the admin and managing finances, to attending meetings, conference calls and networking to overseeing staff and communicating with customers and suppliers. During these busy times technology is a big enabler, entrepreneurs benefit greatly from the apps and online resources they have at their disposal. Below are some online resources that make an entrepreneur’s day simpler, more convenient and more productive. 1. Banking apps The reality for a small business is that you need agility; to be able to do things immediately. Whether it’s to do payments and transfers...