Building Your Business

Becoming a mentor

If you are a veteran in the SME sector, are running a very successful business or just feel you have something to offer a budding entrepreneur, you may consider becoming a mentor. Let's look at the characteristics of a good business mentor. Use your experience and expertise to help other small business owners

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Being a mother and a business owner

Finding work-life balance through training and experience – advice to female business owners managing a business and home
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Being smart about saving for your business

Every business is designed to earn money: for profit and survival. By definition, it’s an attempt to obtain compensation for services so that we can continue or begin living comfortably. But sometimes we need to find a way to make money quickly to help the business survive: anything can happen and that means being prepared. So with that in mind, we should consider interventions that can help us succeed through a difficult patch.

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Business tips: Efficiency is everything

Successful organisations learn from their experiences, be it good or bad. Getting it right the first time is not always the outcome, although it is the ultimate intended outcome. This article touches on how to run your small business efficiently.

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Do you know where to allocate business resources?

When starting and running a business, planning for the future (and multiple eventualities) is necessary to ensure the initial and continued success of your business. Continuous business planning therefore is advisable and widely-considered to be non-negotiable. This article focuses on navigating resource allocation in particular.

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Entrepreneurs Growth Centre

The Entrepreneurs Growth Centre is a support desk for entrepreneurs wishing to start or grow their businesses. The centre provides entrepreneurs with the information needed to run a successful business, addresses the challenges entrepreneurs face and, in doing so, promotes and develops entrepreneurship in South Africa.

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Finding a female mentor

ThreeWomen.jpgIt's no secret that women think and behave differently to the not-so-fair sex and it's no different when it comes to business.

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Get better business results when you do what you love

Many, many new entrepreneurs start out with something they are passionate about, something they love doing and are great at. But soon they find that the new business demands that they spend most of their time on things they really do not like to do at all. Those are also the things they mostly are not so good at. They have to force themselves to struggle through the tasks so that the business can survive, but this does not need to be the situation. In fact, you are more likely to succeed if you do something you love.

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Is your business feasible?

Before you can start a business you must be reasonably sure that the business is feasible. Hence, the feasibility study. A feasibility study is a due diligence or evaluation process that enables you to determine whether the business you want to start will be financially viable, in other words if this business will generate profits. It also gives you the opportunity to assess the cost of starting the business and sustaining it for at least the first year. Here is how to you determine if your business is feasible.

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Keeping it all in the family poses specific challenges

What makes a family business different to any other? Some of the world's most famous and successful businesses were started by families, including Wal-Mart, Toyota, Ford and De Beers. Many of the businesses that are now listed on stock exchanges globally, started out as family businesses. No doubt many other ventures were started, but failed to reach such heights of success. What makes them different, and do they face the same challenges as any other business?

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Making decisions

complex_decision.jpgHaving the ability to make sound and sometimes quick decisions is crucial for running your own business successfully.

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Networking is about building relationships

Networking is about relationships. It’s about, not only meeting new people and creating new relationships – it’s also about nurturing and maintaining current relationships. That said, not everyone is equally as good at networking.  In fact, if the truth be told, not many people actually even like to network. Yet, networking is a crucial part of running a successful business. Find out how best to approach networking through this article.

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The fast life and its impact on relationships

No one can question the immensely positive impact technology has had on business and our lives. Communication is faster and easier. We can access information quicker. We can reach others more easily, etc. There are amazing advantages for all of us. Relationships are being affected both positively and negatively. We can quite easily identify how relationships are benefiting, so this article rather explores some of the areas we need to focus on more closely.

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This one is for the ladies

My message is that as women we have incredible value to offer our families as successful entrepreneurs. We should never allow the gender views of others to infl
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Who is your mentor?

Regardless of where you are in your career, a mentor can help guide you through your entrepreneurial journey. From providing information and knowledge to finding ways to stimulate your personal and professional growth, and everything in between. It is therefore important to find someone you can trust and feel comfortable enough with to ask questions and learn from.

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Why women make better business leaders

A Harvard Business Review study showed that a business group’s collective IQ went up when there were women on the team. Watch the video
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Women's Legal Centre

The Women’s Legal Centre (WLC) is a non-profit law centre that seeks to achieve equality for women, particularly black women through impact based litigation, the provision of free legal advice, legal support to advocacy campaigns run by other organizations (which fall within the Center’s objectives) and training that ensures people know and understand the impact of judgements of the courts on the subject of women’s rights. The WLC also provides legal advice to the other non-governmental women’s organizations nationally and in Africa. 

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“Quick success” is possible

Most businesses do take time for success. Many people give up when there’s no immediate success and the “Business Ownership Honeymoon” ends after a few months. They’ve only heard about the “instant success” ones and weren’t prepared for the unexpected challenges and the price one needs to pay. If succeeding as an entrepreneur is really important to you and succeeding quicker than the norm, then never stop learning and acting on what it takes to reach the top of your game. Use these 10 principles to help you achieve quicker success.

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