Many of us hear the small business "anthem song" - Complete freedom, unlimited opportunities, dreams realized. But of those who answer it, most don't succeed. Why? What separates those who succeed from those who fail?
Knowledge of the business, sufficient capital, good experience, and a unique idea at the right time are just some of the characteristics of a successful business owner. Although there isn't any way that you can guarantee that you'll become a successful business owner, you can greatly improve your odds by becoming well-prepared for the task.
It is important that you should seriously consider what it really means to own your own business, from the sacrifices you'll have to make to the skills you'll need if you're to succeed.
As a small business owner, you need to:
So, what then is an entrepreneur? "An entrepreneur is one who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize on them."
Sunday, March 29, 2020
Finance Minister Tito Mboweni on Sunday announced exceptional tax measures to counter the impact of the Coronavirus (COVID-19) pandemic.
“The Minister of Finance has announced the following exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa on 23 March 2020 in his speech on the Escalation of Measures to Combat COVID-19,” said the Ministry of Finance.
Saturday, March 28, 2020
Government has urged all South Africans to unite, remain positive and continue to work hand-in-hand to turn the economy around.
This comes after Moody’s decision to downgrade South Africa’s long term foreign and local currency debt ratings to ‘Ba1’ from ‘Baa3’ and maintain the negative outlook.
South Africa’s credit ratings by Moody’s are now one notch below investment grade.
1. Storage Space: Some e-commerce site building platforms put a cap on your sales, so choose one that offers you the inventory space and bandwidth to fit your needs. The best e-commerce platform will let your online shop sell online without limitations.
2. Safety Protocols: Choose a program that offers fraud protection and Secure Socket Layer (SSL) encryption. This is for the protection of you and your customers. SSL technology makes it possible to send online payments securely and is a must-have on all e-commerce sites.
Over the past several years, e-commerce has transformed how people buy and sell online. The Internet provides a fast and easy way for people to purchase things without having to visit an actual store. An online store can reach customers anywhere in the world. In fact, online shopping has become so popular that many vendors sell only online with no physical location.
An E-commerce website builder is a program that lets you build, customize, and run an online store. A complete E-commerce solution and the best E-commerce sites will come with the tools to walk you through the entire process: hosting, design, pricing and payment options, marketing tools and reports.
The broad definition of e-Commerce(electronic commerce) is the buying and selling of products and services electronically using online technology over the Internet.
The need for e-Commerce adoption by traditional businesses is becoming more and more important for these businesses to stay competitive. Recent news that shopping malls are becoming less busy because of the increased number of customers shopping online is a clear indicator that every traditional shop should also have an online store.
If you have a business idea you are probably raring to go and full of enthusiasm. This is good, as you will need that enthusiasm and dedication to get through the hard work that lies ahead. Before you start working on the detailed planning of your idea, you need to do a quick viability study. This will help you with the following:
A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized.
It communicates a viable business idea. We communicate with employees, suppliers, investors, financial institutions and other stakeholders. The main reason for this communication is to convince stakeholders that the new venture will be successful and it is worthwhile to invest in the enterprise.
The application process for the Africa Netpreneur Prize Initiative, the $10 million contest launched by Alibaba Group Executive Chairman Jack Ma to inspire an entire continent of entrepreneurs, is now officially open.
Applications to compete for the prize, which will award $1 million a year for the next 10 years to African entrepreneurs across all industries, will be open online through June 30. (To apply or find out more about the prize, go here.)