The Three S's of e-commerce

Submitted by admin on Wed, 10/30/2019 - 20:11

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.

E-commerce 101

Submitted by admin on Tue, 10/29/2019 - 09:21

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.

Business idea viability study

Submitted by admin on Tue, 10/15/2019 - 10:15

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:

What is a business plan

Submitted by admin on Mon, 10/14/2019 - 10:45

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.

 

9 OFFICIALS SUSPENDED FROM SMALL BUSINESS DEPT OVER CORRUPTION

Submitted by admin on Tue, 04/30/2019 - 15:18

Small Business Development Department Minister Lindiwe Zulu placed the employees on suspension for their alleged involvement in corruption and fraud.

Nine officials from the Small Business Development Department have been suspended.

Minister Lindiwe Zulu placed the employees on suspension for their alleged involvement in corruption and fraud.

JACK MA’S AFRICA NETPRENEUR PRIZE OPEN FOR SUBMISSIONS

Submitted by admin on Thu, 03/28/2019 - 10:43

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.)

Netpreneur prize officially open to African entrepreneurs

Submitted by admin on Thu, 03/28/2019 - 10:00

The prize is open to all industries and small business owners and female entrepreneurs are encouraged to apply.

Organisers have opened the application process for the Africa Netpreneur Prize Initiative (ANPI) for entrepreneurs on the continent.

Alibaba Group executive chairperson Jack Ma created the prize after making his first trip to Africa in 2017 and being inspired by the entrepreneurial potential of the young people he met.

Small SA businesses making investments to weather electricity crisis

Submitted by admin on Wed, 03/20/2019 - 09:35

Uninterruptible power supplies and back-up power inverter systems should be considered.

Many small South African businesses are now being forced to take loans to buy standby equipment to use during rolling electricity power cuts, said small and medium enterprises funder Retail Capital on Wednesday.

State-owned utility Eskom, struggling to produce enough electricity to meet demand, has for the last few days implemented load shedding which suppresses up to 4,000 MW of demand at a given time to avoid a total collapse of the grid.

Spaza shop fintech closes a gap in R40bn cash market

Zande Africa uses a micro distribution model to allow spaza shops to take advantage of better pricing directly from manufacturers.

Local fintech company Zande Africa is offering an innovative financial and distribution platform to informal shops, known as spaza shops, a sector where 90% or more of transactions are in cash form.

Zande Africa says the spaza shop market in South Africa is valued at around R40 billion per year and growing at around 10% annually, but is characterised by unbanked owners with limited or no access to better financial products.

admin Wed, 03/13/2019 - 09:50