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Small Business

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It is often said that the elderly and those with impaired immune systems are most at risk due to Covid-19, but small businesses are just as vulnerable, with many who are not going to survive a global economic shutdown. Seraj Toefy, Custodian of Entrepreneurship at the University of Stellenbosch Business School (USB) says that according to The Small Business Association, the average cash safety net for small businesses is estimated to last only 27 days. 

A total of 100 000 young entrepreneurs will take their businesses to new heights with funding through the Small Business and Innovation Fund (SBIF).

 

A receding hairline after years of harsh chemical hair treatments set the wheels in motion for a Gugulethu woman to turn restoring her own crowning glory into a business that helps other women do the same.

The art of creating a ‘requisite organisation’ is to develop a strong hierarchy of accountabilities that will support effective, efficient processes and stimulate and encourage the behaviours required for sustained success.

Even though solutions designed for small to medium businesses (SMBs) are cost-effective and relatively easy to implement

According to data released by Statistics South Africa this week , SA’s unemployment rate has increased by 1.4% in Q2 of 2019 to 29%, the highest level since Q1 of 2008. 

 

Trust is the current buzzword. Academics are researching it, heads of HR are promoting it, experts are talking about it and executives are trying to build it amongst their teams and stakeholders.

Science and Technology Minister Dr Blade Nzimande says progress has been made towards the establishment of a five-year R5 billion SMME fund aimed at helping innovators commercialise their products.

An oft-cited statistic in the world of business is that 96% of small businesses will fail within the first ten years of starting up. Celebrating its tenth anniversary this year, the ENGEN Pitch & Polish workshop and competition programme is proud to fall within the 4% that succeed!

When Peter Cupido from Ida’s Valley, Stellenbosch, swopped his technical assistant job to open his barber shop, he started a community whereby men gather for quality time and a close shave.

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