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  • 5 ways entrepreneurs can stay focused this holiday season

    It’s been a long year. No-one is taking that away from you. But as the silly season fast approaches and more tourists start to flock to South Africa's beauty for some R&R, we SA-based entrepreneurs need to do our utmost to remain focused so that we keep the fires burning successfully into 2016. Here are five ways to keep your business’s momentum going as the year winds down: 1. Have visible Goals Setting an attainable goal is quite a powerful thing. It creates a sense of dissonance or disharmony within us that drives us until the goal is reached. Make your goals...

  • Company Office

    Netflix: What do South Africans think?

    With the announcement of Netflix launching in South Africa a few months ago, it might have seemed like a belated Christmas gift from America. But has the novelty seemingly worn off quicker than one would expect? There are plenty of reasons why the excitement of Netflix in South Africa seems to have died down. For one, there are not many South Africans who are fortunate to enjoy the luxury of cable TV, never mind Netflix. There is also the added hurdle of using the streaming service with limited to no access to the Internet for many and data bundles that do...

  • The factors behind successful entrepreneurship in emerging markets [SPONSORED]

    Emerging markets attract and intimidate. In today’s business landscape, these markets are an attractive vehicle of growth for various types of entrepreneurs. They also offer those who enter an opportunity to make a significant impact on the economy of the countries involved. But entrepreneurs and businessmen alike are cautioned to tread lightly: there are a number of factors that need to be considered in order to find solutions to systematic social challenges in this market space, and have maximum impact upon entry. In Africa and South Africa specifically, these social challenges are exceedingly prominent and there is a huge need...

  • Why MVPs fail more often than they succeed

    This is a mash-up of four concepts, so the best place to start is the beginning. In Japan, just after World War II when the Lean concept first started, Toyota founder Kiichiro Toyoda saw that the manufacturing process created by Ford was deeply flawed and unable to meet changing customer requirements or worker needs. Toyota then developed Lean based on the following principles: Specify the value desired by the customer. Identify the value stream for each product providing that value and challenge all of the wasted steps (generally nine out of ten) currently necessary...

  • Study: third of SMEs not aware of other payment solutions

    Over a third (31%) of SMEs are not aware of alternative payment solutions for their business needs. This comes from a study conducted by Curiosity Box on behalf of Sage Pay. According to a press release sent to Ventureburn, SMEs are losing significant time and resources by not streamlining their business payment needs. The SMEs polled are frustrated by high costs, low levels of automation, and a lack of customisation in their payment solutions. These flaws can make payments a time-consuming process prone to human error. Managing Director of Sage Pay, Charles Pittaway, says most businesses are still relying on banks as payment...

  • 5 tips on how entrepreneurs can take control of their cash flow

    Cash flow management is the discipline of ensuring that more money is coming into to your business than you need to pay out each month. Cash flow will be tight in the early months and years of your startup’s life, so you must monitor it closely at all times. Here are a few tips about how you can optimise your cash flow. 1. It begins with budgeting Too many small business owners wing their finances when they should be spending time upfront on budgeting and forecasting. Drawing up a budget and forecasting your cash flow for the month or year isn’t voodoo...

  • Data startup WhereIsMyTransport scoops up 2015 Global Grand MobiPrize

    South African data startup WhereIsMyTransport (WIMT) has been awarded the 2015 Global Grand MobiPrize. The award further establishes the company's role as an activist against climate change. Having taken place in New Delhi, India, the awards ceremony is part of the Sustainable Mobility & Accessibility Research & Transformation (SMART) initiative at the University of Michigan in the US. SMART seeks to honour businesses that have both environmental and economic impact through sustainable transportation and new mobility. WIMT is behind a platform for smart urban transport in the emerging regions of the globe. It aims to connect cities, operators, and commuters for...

  • Solar company Juabar wins Seedstars World Tanzanian round

    Highlighting the potential of green companies, solar energy company Juabar was awarded first place at the Tanzanian leg of the Seedstars World event. The competition took place 5 November and was hosted by Buni Innovation Hub and Stanbic Bank. Juabar will be going on to the Seedstars World finals in Switzerland next year to compere for a US$500 000 equity investment. Other prizes will include a US$500 000 equity investment for best travel startup and US$50 000 grant for the best space startup. Juabar is creating a network of solar electricity stores that provide phone charging services, as distribute energy products as...

  • Top startup events in South Africa, Africa you should know about this week [09/11/2015]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we've rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • Entersekt: SA’s fintech gem making it safe for millions to bank, shop online

    Being based in the Winelands student town of Stellenbosch has been one of Entersekt’s key ingredients to success Company also has offices in Atlanta, Amsterdam and Johannesburg Entersekt boasts 4.5 million monthly active end users Entersekt boss notes how Facebook and Google refer to themselves as “startups” Company’s startup culture includes using company-branded bicycles for commutes between the two work spaces (an idea unashamedly stolen from Google) Employees enjoy core working hours of 10am to 3pm All those times you pay your monthly rent online or buy those must-have blue jeans through Superbalist, you're probably doing so without worrying about your identity or money getting...

  • Ericsson AHUB coming to AfricaCom conference

    Aimed at bringing together entrepreneurs, tech startups, and investors, Ericsson AHUB at AfricaCom will be taking place from 17-19 November at the CTICC in Cape Town. The event will be showing off the tech startup sector and its skills, which is in need of more funding and guidance from industry experts. The three-day conference programme will feature discussions, debates, and presentations all hosted by some of Africa's leading tech entrepreneurs and startups. The Ericsson AHUB sessions will be free of charge to startups and small businesses operating in the sector. Julie Rey-Gore, AfricaCom's Research Director, says the event is a chance for investors to network...