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  • Tripling the bottom line: 5 keys to unlocking massive jumps in profit

    In today’s economy, making a profit is tough and maintaining profit is even harder, but doubling and tripling it is a whole other ball game. We know it’s not all about the money, but without money you cannot realise any of the dreams that you have for your business. We have managed to more than triple our bottom line profit from the previous period within the first half of this year. Our team is now applying the keys and practices that enabled this growth to our clients’ companies with similar success. Here are five of the most important keys to...

  • Company Office

    How to find a strong mentor to guide you to business success

    Why every entrepreneur needs multiple mentors… While the challenges of being an entrepreneur have been well-documented, reports often fail to describe the feelings of self-doubt, loneliness and isolation that tend to plague aspiring entrepreneurs at every stage of their journey. No amount of angel funding, slick technology or strategic business consulting can really assuage the feelings of doubt that accompany starting a brave new enterprise. Yet this is where strong mentorship can play a critical role – and in fact can prove to be far more valuable than landing an investment deal or angel fund backing. Mentors can keep tired...

  • 20 fintech companies gear up for Singapore pitching competition

    Twenty fintech businesses from around the world -- 12 early-stage and eight growth-stage companies -- have been chosen to pitch for US$50 000 at Sibos in Singapore 14 October. The event forms part of SWIFT's Innotribe Startup Challenge. Earlier this year, a total of 60 companies were chosen to pitch during regional showcases in London, Cape Town, Singapore and New York. Company founders were given the opportunity to present their businesses to an estimated 800 industry experts, VCs and representatives from leading financial institutions. Innotribe's head of markets management Fabian Vandenreydt explains that the Innotribe Startup Challenge has successfully connected the...

  • How an invoice facelift can boost your startup’s productivity, customer service

    Many entrepreneurs and small business owners fail to recognise this central fact: invoices represent a crucial second opportunity to make a positive impression on the customer. I say second opportunity because your first opportunity resulted in the sale of your product or service. In this sense, your company’s invoice is actually an opportunity to reinforce this relationship between your company and your client rather than damage or ignore it. Additionally, the invoicing process holds significant potential to enhance your enterprise’s efficiency in several ways, not the least of which is improved cash flow. Let me explain. The importance of having an invoice...

  • Laundry service company bags CapeTalk, Sage One 2015 small business award

    CapeTalk, together with Sage One, has announced Khayelitsha-based Ziyahlanjwa Laundry Services as the winner of its regional Small Business Awards 2015. A collaboration between payroll provider Sage One and radio broadcasters 702 and CapeTalk, the Small Business Awards seeks to recognise small businesses’ achievements and provide them with the support they need to grow. Ziyahlanjwa Laundry Services received an advertising package to the value of R250 000 on CapeTalk. Out of the 380 nominated small businesses, the runners-up were Cold Gold and Deaf Hands at Work, each of which received a R125 000 airtime package on CapeTalk. "The feedback from the nominees is...

  • LaunchLab Ideas Programme Pitching Platform offers startups R100k

    Stellenbosch startup accelerator LaunchLab is offering startups a chance of winning their share of R100 000 in seed funding through its biannual Ideas Programme Pitching Platform. The Nedbank Stellenbosch University LaunchLab was opened in March this year and is supported by the Department of Trade and Industry, Stellenbosch University (SU), Nedbank and Innovus -- the industry interaction and innovation company of SU. The programme encourages both students and non-students from all over the Western Cape to pitch their innovative business ideas. As noted in a recent press release sent to Ventureburn, the competition is specifically looking for those involved in payments, big...

  • These 10 Ugandan startups will pitch at local Seedstars World event

    The global seed-stage startup competition for emerging markets, Seedstars World, has chosen 10 exciting Ugandan startups to pitch in Kampala later this month. The winning startup will stand a chance to travel to Switzerland, where it will compete for up to US$500 000 in equity investment at the Seedstars World event final next year. As revealed in a press release sent to Ventureburn, Seedstars World has also formed a strategic partnership with Stanbic Bank in Uganda as well as Google for Entrepreneurs for this regional contest. Kevin Wingfield, the head of personal and business banking at Stanbic Bank Uganda, said it's important...

  • 3 ways to improve teamwork in your business

    You can never do anything worthwhile alone without the help of your team. In order to thrive, a business needs team collaboration at its highest levels. This is why we need to build great teams at work. But what does it take to build a better team? Is team building an art or a science? Ask that to any management guru or business leader, the answer would be almost similar. It is a bit of both. Assembling different team members, motivating them and keeping your team members happy is easier said than done. Although you cannot overstate the importance of...

  • WhereIsMyTransport raises R12m, opens international office

    Cape Town-based startup WhereIsMyTransport has announced the completion of a R12-million funding round as well as the opening of an international office. Based in London, the international office is meant to help WhereIsMyTransport better connect with its clients -- cities and transit operators around the globe "We’ve very proud to be a company that was born and raised in Africa, and our commitment to building solutions that serve developing cities remains unchanged," says co-founder Devin de Vries. "Having an international base for operations makes it easier for us to reach other cities outside Africa and gives us the resources, credibility...

  • 6 important things we learned from PwC’s emerging companies survey

    Multinational professional services network Price Waterhouse Cooper has released the results of its emerging companies survey. The survey, which forms part of a wider body of research, aimed to explore the challenges and opportunities facing emerging companies in South Africa in the current environment. The survey focused on "emerging companies" in all industries, progressing through the early/incubation and intermediate/acceleration phases of the business life cycle. It includes companies from early stage (those making less that R1-million in revenue per annum) to approximately R100-million revenue per annum and between one and ten years in age. The survey had 743 participants,...

  • Daddy’s Deals site boasts 400k subscribers, offers website space to advertisers

    South Africa's daily deals website Daddy's Deals now offers local brands the ability to advertise directly to its extensive audience of nearly half-a-million newsletter subscribers a week. At present, the offer is limited to only twelve companies per year, which means only one will be featured per month. The selected company will be provided with banners, buttons, and tabs on the Daddy's Deals website. These will appear on each and every page and will drive viewers to the main offer page of the company. In addition to the website exposure, offers will also be advertised through regular and special mailers to...