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.

By the time you have completed your business plan it may already be out-of-date. That’s why, in the rapid-changing world of today, we need to plan for the next step towards our goals without always knowing the full path of getting to the desired destination. This is pretty scary, since we must acknowledge that we will never know for certain exactly how things will pan out, even after completing our business plan. Use this one-page to go beyond traditional ways of planning for your business.

The fact that the SME sector is a tough industry to break into does not seem to deter the average young entrepreneur. But are big ideas, determination, passion, and the will to succeed enough to be a truly successful entrepreneur or could your age and a lack of higher education be your downfall? Anyone can become an entrepreneur, no matter what their age, background or education level. But what makes a truly successful entrepreneur?

To consider financing, financial institutions require a comprehensive and well-motivated business plan that provides a thorough understanding of your existing or proposed business, your own goals and objectives and your financing requirements. This is merely a guide to writing a business plan. Circumstances vary and you will need to tailor your business plan depending on the type of business. But, the basics remain the same.Here are the sections that every business plan should cover.

According to the 2019 Global Digital Report, 54% of the South African population are internet users – that’s 31-million people all searching for products and services online every day. This presents the ideal opportunity to bring your small business idea to life and earn a bit of cash on the side. The world of business can be quite overwhelming, but a good way to dip your toes in the water is by starting an online side hustle.

Whether you’re a seasoned business owner looking to move into the property industry, or an entrepreneur seeking to make your name in property, there are certain important considerations to make before starting a property related business. Here are some of the most important facts to consider and keep in mind when starting your business.

Many people leave formal employment for the flexibility of being a freelance professional or consultant. One of your first challenges will be to set a fee for your services. What should you consider when putting a price to your skills and knowledge? Most consultants find that they are facing increasingly tough competition and a dwindling client base in the face of companies tightening their belts. This makes naming a fair price for your services even more crucial. Here's how to go about charging for your services.

There is no doubt that there is enormous hunger for aspiring entrepreneurs and business owners to clearly understand what it takes to stay in the game and of course get to the top of the game. But what is it exactly that makes the world's most successful people tick, and why have these mercurial individuals have arrived where so few have? Here are 10 tips and rules that stand out.

In a competitive market environment business owners are prone to sell themselves short, because they do not take the time to determine a fair and justifiable price for their services and products. There are various methods of determining the worth of your product or service. For example, there are so-called "value drivers" that support the charging of a premium for your service or product, if it solves an expensive problem for the client or saves the client money. This article expands on the concept of value drivers as well as other pricing strategies.

Once you've decided you have a good business idea and you want to run with it, can you predict whether it will be a success? Well, that's where assessing the viability of the business idea comes in. In a commercial context, viability refers to the ability of a business to exist, be profitable and to grow. But how do you establish whether your project or business idea is viable or not? Find out exactly you go about doing this here.

So you love coffee, and the idea of offering this delicious beverage to others fills you with excitement. A coffee shop might be the perfect business idea for you if you have an entrepreneurial mindset and love to serve and delight others. It might seem like a difficult idea to execute but it can be easy and hassle-free if you follow some basic tips and tricks. Here are some top tips on how to start your very own coffee shop.

Being your own boss is the dream for many of us. But it can be difficult to know exactly where to start for.. Well… your start-up. In the construction industry, you will need to look at aspects such as acquiring permits, investing in mobile cranes, or a hydraulic crane, depending on your project types and staff training needed. But there are other steps in the process of starting a construction business to consider, so keep reading.

If you are the owner or manager of a start-up, you are likely well aware of how busy you can become over time. You have to keep a lot of balls in the air, such as ensuring that your marketing efforts are working and that your employees are happy. One of the issues that many small businesses and start-ups face is the issue of not having the capacity for call centres or customer services. But if you look into call centre outsourcing, this can easily be rectified. So, start-up business owners, keep reading for the top reasons why you should consider outsourcing.

What does it take to be a successful entrepreneur? This article provides a list of the top 15 personal characteristics and qualities of successful entrepreneurs. Do you have them? Check where you feel strong today and where you can improve moving forward. Take into account that while some people are born with certain skills and personality, you can learn and improve through training and practice.

One of the things you have to think about carefully when starting or buying a business is where it is or will be housed. The location of your business can either make or break it, depending on all the circumstances involved, so it's not a decision to be made hastily and without some experienced advice. For those of you who have no clue about where to start, here are some points to ponder. There are many factors that will influence your decision, but let's look at the most important issues to get you in the right frame of mind.

It's important to know exactly what you are getting into when choosing a partner to go into business with. There are many things to take into account when choosing a partner for your business, but this article looks at the some of the most important or most common issues people face. In doing so, the article looks at tips on how to find the right business partner, including finding someone with integrity and not wasting your time on anyone who does not share your vision.

Becoming an entrepreneur is quite an achievement. It’s a gutsy thing to even consider. There are many challenges that entrepreneurs face when taking the plunge and many of these obstacles are known from the outset. However, there are some that are overlooked, and consequently, not tackled correctly which can result in the failure of the enterprise. Here are three challenges that entrepreneurs inevitably face but don’t always think about when starting out.

Entrepreneurship is seen as the only way to have a sustainable economy in the future. In fact, it is one of the major drivers of job creation and economic growth within the country. It is no surprise that more and more people are encouraged to pursue entrepreneurship. That being said, many new businesses in South Africa often fail within the first two years for a variety of reasons. Here are some tips and pointers for being a successful entrepreneur in South Africa.

An entrepreneur requires both business and technical skills (also referred to as the “doing skills”) to successfully apply for finance. The first relates to the ability to run a business successfully by applying sound business principles. These skills range from formulating and applying a strategy to people management. The evaluation of the “doing skills” focuses on the entrepreneur’s technical competencies and experience relating to the business in question. Find out more about the role these doing skills play in determining business success.

Given South Africa’s high youth unemployment rate, estimated to be around 60, starting and growing a business is a potentially enriching career path for a young person to choose, not only financially, but also mentally and socially. While entrepreneurship is an exciting career option with great future potential, entrepreneurs, particularly the youth, also need to be aware that it is a difficult path. Here are ten common pitfalls of starting and growing a business, and what young entrepreneurs can do to avoid them.