Startups

3 tried and tested ways to hire great work-from-home employees for your startup

weekend entrepreneur With technology making it easier for startups to go virtual and decrease overheads, many entrepreneurs are opting to have their teams telecommute. A recent study by Stanford University found a company can save approximately US$2 000 per employee just by allowing them to work from home. For startup companies without deep pockets, running a virtual team can be a great way to keep overhead low while the company grows. Still, virtual workers can present challenges in the hiring process, especially when ...

Africa, News, Startups

SnappCab hailed winner of The Innovation Hub incubation programme

SnappCab logo As part of The Innovation Hub's Maxum Business Incubator, five entrepreneurs were chosen out of a total of 20 to pitch their innovative products to a group of venture capitalists, innovators, entrepreneurs and the public at the Absa Maxum annual showcase in Pretoria, South Africa yesterday. Johannesburg-based startup, SnappCab, was ultimately announced as the winner. Sponsored by Absa, the winning pitch was awarded to Anton van Metzinger from Snappcab with the prize valued at R50 000. SnappCab is a multi-platform hail-a-cab ...

Startups, Usability

Startups, learn the value of free

VC buy key Do you spend too much time trying to figure out how to get new customers through the door? If you’re anything like most business owners we work with on a daily basis, and statistically you are, then it is the number one thing that permeates your thoughts and your actions. It is a constant source of frustration and takes time away from delivering increased value to your existing clients... which is way more fun. The below model is not unique, it’s ...

Africa, Featured, Startups

A case for successful startup clones: it’s all about adapting and executing

Storm trooper Some bumper sticker wisdom: "You shouldn't really worry when the competition's trying to copy you, you should worry when they’re not." You’ve seen them, right? The so-called Facebooks or Amazons of Africa. Notoriously known as clones, emerging markets have their fair share of them, each with its own degree of success and unique challenges. If you think about it, isn't it only natural for a working solution to be applied elsewhere? Are they then as bad as their reputation holds them ...

Advertising & Marketing

WPP nabs majority stake in ‘R40m’ deal with local agency Cerebra

Cerebra Mike and Craig Advertising giant WPP has acquired a majority stake in strategic communications agency Cerebra, believed to be worth around R40-million. A source close to the deal confirmed that it will see WPP take a 75% stake in the company while Cerebra CEO Mike Stopforth and MD Craig Rodney will retain the remaining 25%. The R40-million deal is believed to have been valued on a P/E of about 8x EBIDTA. The structure of the deal will apparently see the shareholders receive a R20-million ...

Startups

Makeoverly gives beauty consultation in the digital age a makeover

d1 By some predictions the global beauty care products industry is set to grow to US$265-billion by 2017. VC firms are aware of the trend. Abroad, Andreessen Horowitz, Jay-Z’s VC company, poured US$10-million into cosmetics startup Julep, while Ipsy, the monthly beauty box subscription service of vlogging sensation slash entrepreneur, Michelle Phan, pocketed US$3.8 million from Crosscut Ventures and Amalfi Capital. Closer to home, South African beauty box success story Rubybox, received funding from HPV Africa, and virtual beauty advisor startup, Kaboose, is ...

Entrepreneurship, Startup news

88mph Cape Town 2014 programme now open for applications

88mph logo If you're an entrepreneur looking for mentorship, funding, and a co-working space, then we've got good news for you. Startup accelerator and private fund 88mph has opened applications for its 2014 Cape Town programme -- and the application promises to be a quick and painless process in the guise of a simple 20 question form that needs to be completed for entry. 88mph describes itself as a business accelerator for early-stage companies with a mobile-web focus. The programme offers funding -- up ...

Ecommerce, Emerging Markets

Got a global ecommerce play? Russia’s landscape too big to ignore [infographic]

Russian Flag Russia's ecommerce landscape is best described as a cocktail made up of one part growing middle class, two parts Europe's most internet users (more than 60 million), and a dash of Russian search engine Yandex. That's what part one of Search Laboratory's two-part series of infographics on Russian's burgeoning ecommerce scene suggested, and now we have part two. According to Search Laboratory's second infographic, Russia is a great ecommerce opportunity for foreign online retailers, but to achieve success such retailers ...

Emerging Markets, Entrepreneurship

Potential vs politics: can India rise above to become a powerhouse?

tah mahal india So here are some staggering statistics: By 2030 India’s urban population will reach 590 million. That’s almost twice the entire population of the United States. The number of urban middle-class households will rise by over 300% to 91 million and the working-age population will increase by 270 million people. What’s more, in order to meet forecast demand from India’s cities, US$1.2 trillion of capital investment is required. India has made some spectacular progress. According to the World Bank, from 2005 to 2012, poverty ...

Africa, Microsoft

Microsoft 4Afrika, African Business ‘zine to lead forum on African innovation

microsoft 4afrika alt The Microsoft 4Afrika Initiative -- the effort through which Microsoft "will actively engage in Africa's economic development to improve its global competitiveness" -- has teamed up with African Business magazine and the Africa Regional Intellectual Property Organisation (ARIPO) to lead the Innovative Africa Forum, which takes the format of a roundtable discussion on 27 November 2013 in Kampala, Uganda. Taking part in the discussion will be leading experts "driving innovation" in Africa, including Su Kahumba, founder of iCow, Simon Rweyongoza, of ...

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