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Entrepreneurship

  • Are Africa’s innovation hubs helping innovators realise their full potential?

    Much has changed in Africa since 2014 when oil-rich nations began to see their incomes slide and the global recovery began to falter. During these years of change, African governments redoubled their focus on economic diversity and innovation, which we know go hand-in-hand. Yet in the context of a region that continues to suffer from high levels of poverty, disparate infrastructure and young capital markets, Africa's entrepreneurs continue to face an uphill struggle. Africa needs to accelerate enterprise – it is a region that is set to become the youngest population on the planet, hungry for economic success; stymied...

  • Entrepreneurs: recruitment advice for startups

    Hiring skills for a young and inevitably small company is tough. In fact, many businesspeople say that when you hire your first employee, it is the start of a new era in your company. A lot rides on the first few hires being the sort of people that have both the ability and the mindset to take your business to the next level. The process of finding the right talent is a job in itself, and the consequences can be critical to the success of your business. So I'll focus on ways to minimise recruitment headaches, with the question: how...

  • 7 reasons why everyday communication with your team is important

    The modern office environment has changed a lot in recent years. The employees themselves are different than they were ten years ago. This means that all of the important things such as company culture, policies, values, norms, rules, operation methods etc. are also different. As a result of these changes, and many others, the importance of flawless communication within a business organisation has grown quite a lot. Especially today, when employees need to communicate both in person and via technology. It doesn’t matter if a company uses a simple project management tool. If employees don’t communicate well using it, its...

  • Ventureburn editor chats to fintech experts in fireside chat

    Ventureburn recently sat down with members of 22Seven, Yoco, and the Bitcoin Foundation at the Spin Street House Seedspace Fireside Chat, in partnership with PayFast. The talk, moderated by Ventureburn editor Graham van der Made, covered a variety of fintech topics, a third of many themed fireside chats for the Spin Street House co-working space. The panel consisted of the product manager at 22Seven, Sam Beckbessinger; co-founder of Yoco, Katlego Maphai; and executive director of the Bitcoin Foundation, Llew Claasen. Maphai also spoke about the word 'fintech' itself, which has arguably become a catch-all term. What is fintech exactly? "When we started this venture (Yoco) the word didn't...

  • 7 books that all entrepreneurs must read without delay

    If you look at some of the leading entrepreneurs, you will find that they didn’t make a fortune out of thin air. They have different success stories, which can be attributed to the fact that they took the road less travelled and followed smart approaches to reach where they are today. As an entrepreneur or a founder, I am sure that you can relate to their success stories and want to make it big just like them. For this, all you need to do is step into their shoes and know the secrets to their success by reading the following...

  • 5 reasons to build your personal brand before your business

    Most entrepreneurs understand the power of personal branding, but some see it as a peripheral or secondary development in relation to the actual business they’re building. On the surface, this makes sense, because personal branding supports a company, and the business is what generates the revenue. So it’s natural to want to prioritise the company over everything else. If you’re building a firm from scratch, however, it’s worth considering the option of investing in a personal brand before you start to creating the actual business operation. Thousands of entrepreneurs have already done this, resulting in multi-million dollar enterprises. Why would it...

  • 7 things to consider before hiring your first employee

    Your employees are the ones who will take your ideas and turn them into reality. To start, you may be running things by yourself or you may have a small team of partners, but as your business moves to formally launch, you’ll need to hire your first employee (which isn’t easy). This is a critical time for your business, and your choices could have a massive impact on how the first few years of your enterprise play out, so it’s not a decision you should take lightly. So what exactly should you be considering when you make the move to...

  • Marketing plans: the overlooked Holy Grails of startups

    The majority of startups are doomed to fail before they ever launch. Don't let this reality discourage you, because there are a number of things you can do to improve your odds of success. Keet Van Zyl recently published a compelling article for Ventureburn on things entrepreneurs can you do differently. Startups often overlook the importance of marketing Zyl's article included quotes from several seasoned entrepreneurs, including Brett Commaille of AngelHub Ventures and Arlene Mulder of WeThinkCode. They all shared some excellent feedback, but none of them mentioned one of the biggest causes of failure: the lack of a solid marketing...

  • Swimming in the Shark Tank: an interview with Marnus Broodryk

    Entrepreneurial series Shark Tank SA is made up of an incredibly successful panel of entrepreneurs. Ventureburn sat down with one of the judges, Marnus Broodryk to discuss his journey with the show as well as his take on entrepreneurship today. This self-made millionaire embarked on a journey much like any other entrepreneur. He worked hard, sacrificing most of his childhood to put himself through school. Today, he's been responsible for many successful ventures and has consulted with companies listed on the Johannesburg Stock Exchange as well as the New York Stock Exchange. Presently, he sits on a panel of judges known...

  • Entrepreneurs: what advice would you give yourself 10 years ago?

    We are generally very quick to give advice to others, but don't always follow this advice ourselves. In a recent post, Brad Feld warned against the dangers of short-term entrepreneurial thinking and explained why he is looking forward to 2025. Fast Company shared 6 things you're doing that you'll seriously regret in 10 years. So what advice would you give your younger self if you could go 10 years back in time? Personally, I would go tell myself: "It is great to have a sense of urgency to act, but the to wait a bit should also be...