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Entrepreneurship

  • Software startups: here’s how you can succeed before you start

    Starting a business based on a software product is no easy task. If you're an entrepreneur with all the passion for the business aspects of your new endeavour and the promise of the millions in profit driving you on, don’t be deterred by the mammoth task that is software development - one of the most important elements of your venture. Almost daily, our team is asked by individuals with grand ideas (ridiculous, novel or brilliant) on how to get started with a software-based business. Not one to pass up an opportunity to uplift the development community (and tech-related start-ups) we’ve...

  • 7 of the best SEO training courses to market your startups in 2016

    If you’re a startup, you often need to keep your spending as lean as possible. What better way to do so than to learn the basics of search engine optimisation yourself? These 7 courses, conferences, and guides are there to point you in the direction of some of the great resources out there. Coursera Coursera teamed up with some of the top universities and organisations to provide access to world-class education through online courses. Stanford, Princeton and Yale are just a few of the universities they've partnered with. Interested students have the option of taking courses absolutely for free. It's also possible to...

  • Here’s what young entrepreneurs need to know about managing older employees

    Being an entrepreneur today is very different from the way it was in our parents’ and grandparents’ days. In countries with ‘Western’ cultures, the young adults’ world is also vastly different from that of older generations. But because we often need to do business with older people, this has implications for how we relate to, and work with them. Research into the attitudes and expectations of people born during the second half of the 20th century suggest that they can be categorised roughly into one of two groups: Millennials and Generation Xers. Millennials -- people now in their early-20s to mid-30s --...

  • Digital entrepreneurs need to embrace data

    In the digital world, a new breed of entrepreneur has been created – one that is able to capitalise on an Always-On environment. This entrepreneur has grown up as part of the connected generation, and this is reflected in the way that their start-ups are born and operate. For them, using technology is not something that is forced but rather a component that is completely integrated in all aspects of their lives. It is therefore completely natural for their start-ups to be digital first. As such, access to data needs to happen around the clock. Data has become the bedrock...

  • 6 ways to master the challenges of building your own business

    Starting a business is about passion, hard work and sacrifice. Entrepreneurs are the drivers of prosperity, but this can sometimes be a daunting task. The challenges are immeasurable and small business owners can often feel isolated, overwhelmed and despondent. By using these six essential skills, this no longer needs to be the case: 1. Focus on the future and be prepared There will always be competition, especially if it’s an industry with low barriers of entry. Instead of looking in your rear view mirror, drive for daylight. Keep your eyes on the road and your focus on the horizon. When...

  • Funders and Founders shows us how AirBnB got started [infographic/video]

    The concept behind AirBnB may be a simple one, but it's spawned a billion dollar industry. Funders and Founders have not only put together an infographic on how AirBnB started, but a video as well. Like many startups, AirBnB began with an idea: rent out a house, room, or even a couch to someone from out of town. This idea has exploded the world over as it grew to an international sensation. Other companies, such as EventRoom, have adapted the rental idea for a range other industries, such as food or events. Even actor Ashton Kutcher saw promise in the idea and...

  • A South African perspective: the external environment and its effect on businesses

    When it comes to running a business these days, the sole aim often revolves around generating a return on investment for shareholders. However, businesses do not operate in a vacuum, and there are a number of forces at play that will influence a business at any given point, both positively and negatively. As business owners, it is important to focus on the controllable factors within the business, but it is equally important to recognise that there exist external factors that are largely out of your control. These are some of the external issues that are present on a regular...

  • 4 ways to capitalise on the explosion of tech and healthcare

    Every so often, business opportunities arise, we fail to take advantage of them, and then we kick ourselves for our lack of foresight. As an entrepreneur, however, opportunity will always knock again — just in a different form. Right now, the intersection of healthcare and technology is exploding. Here’s why you should answer the door. The Recipe for an Explosion According to Rock Health, funding for digital health startups “continues to grow faster than overall venture funding and funding in software, biotech, and medical device sectors.” Backing up those claims, Silicon Valley Bank’s research shows 56 percent absolute growth of health tech...

  • Do you want to be a mentor? These 5 tips will help

    Mentoring youngsters can be an effective way to develop their interpersonal and professional skills. As a mentor, it is your responsibility to provide support and contribute towards their career aspirations through careful guidance. It is all about using your experience, expertise, guidance and wisdom to prepare your mentees for a better future. Mentoring is a virtue that comes with experience. Nobody can become an inspirational mentor in just one day. It is a life skill that has to be learned, developed and nurtured over a period of time. It's a continuous learning curve. You must be willing to grow and...

  • Social entrepreneurship is on the rise, says Global Entrepreneurship Monitor report

    It looks as though social entrepreneurs are on the rise. This is according to the Global Entrepreneurship Monitor (GEM)'s special report on Social Entrepreneurship. Sub-Saharan African has one of the highest social entrepreneurial activities with 9%, which is followed by Southeast Asia with 3.8%. Those are lower than the US and Australia's 11%. According to a press release sent to Ventureburn, the report was "based on interviews with 167 793 adults in 58 economies in 2015." "Social entrepreneurship -- which GEM defines broadly as any kind of activity, organisation or initiative that has a particularly social, environmental or community objective -- is now...