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Building the future we want as business owners in SA

Building the future we want as business owners in SA

South African entrepreneurs can play a big role in bringing the promises made during this year’s State of the Nation Address (SONA) 2018 to life. The peaceful transition between Presidents, the content and promises of #SONA2018 and the measured budget2018 has reignited an atmosphere of opportunity and hope within the country. The edge of chaos we have lived in for the last 3 years may well recede if we all help make it so: our new President cannot do it alone.

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Build Your Business with these 5 Habits

Build Your Business with these 5 Habits

Welcome to 2018! A whole year ahead, to plan, implement, and prosper. I hope you had a great break, and were able to gain a little perspective on your business, while spending time with your family and friends. Looking ahead to the year, it’s time to look at ways you can build your business into a better, stronger, and bigger, machine this year. On this week’s The Money Show with Bruce Whitfield, we uncovered 5 key habits that’ll help you build your business in 2018:

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Kushesh Express, achieving rapid growth in a competitive environment

Kushesh Express, achieving rapid growth in a competitive environment

Kushesh loosely translates to “very quick” and is a fitting name for courier company Kushesh Trading, which services the distribution needs of the medical and pharmaceutical industry. Its passion and pride for the quality of service that it provides has helped it become one of the fastest-growing courier companies in South Africa.

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entrepreneurial opportunities

What Entrepreneurial Opportunities Await in 2018?

The tumultuous events of 2017 have already shaped the entrepreneurial opportunities for 2018. The innovators respond first, and then the thinkers and actors catch on. Soon thereafter, the early adopters are hopping on and, before you know it, the legislators and regulators are taking notice. Look at cryptocurrencies as an example! Big businesses, bound by bureaucracy and legacy systems, too much comfort and layers of fragmented communication mostly follow last. And, of course, these waves of incredible change are propelled by our always-on, instant media universe that has become an essential part of our daily lives. Set yourself up to be one of the first to act on entrepreneurial opportunities that arise in 2018, and you’ll have a winning business in your sector by the end of the year. On this week’s The Money Show with Bruce Whitfield, we considered four big trends from 2017, and the momentum behind them:

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Aurik | The Money Show | 15 February 2018 | Innovation and Entrepreneurship

Innovation and Entrepreneurship

I recently hosted an innovation workshop for more than 100 franchisees and a franchisor of a well-established, successful franchise brand. Attendees included seasoned, smart business builders and operators, but the environment within which they operate has significantly changed.

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Start your Strategic Planning for 2018

Start your Strategic Planning for 2018

2017 has been a rough year, for everyone. At every level, corruption has put paid to so much, and the dismal economic growth has left us all feeling angry and frustrated. Yet somehow, small businesses in South Africa have mostly grown. Rather than pulling a Hulk smash, or simply setting your ‘Out of Office’ message on, channel the anger and frustrated energy you’re feeling into something good, that’ll pay off next year. You should have started your strategic planning for 2018 by now but, if you haven’t yet begun, we outlined a way for you pour that energy into something positive, on this week’sThe Money Show with Bruce Whitfield. Set your business up for a good year in 2018, with a strategic plan that responds to your experience of 2017. Here’s your checklist:

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small business venture capital

Small Business Venture Capital Investments: What You Should Know

Section 12J investment funds are an attractive option for investors. When first created during the mid-1990s as part of the Income Tax Act, Section 12J was a well-intended, but unwieldly, piece of legislation. During 2010, we gathered collaborators – including SAICA, the Banking Council, SAVCA, and more, to work on re-engineering the legislation. Eventually, amendments to Section 12J were gazetted and, nowadays, it’s hugely improved. On this week’s The Money Show with Bruce Whitfield, we outlined the ins and outs of Section 12J and put together some guidelines for how you can spot the good, and the bad, small business venture capital investment opportunities:

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How to write the right kind of business plan

How to write the right kind of business plan

I’ve recently read through oodles of business plans, with a sample of ten showing me that: 4 were applying for growth funding; 2 were applying for innovation funding; 2 were looking to fund operations; 1 was looking to fund their business through a share acquisition strategy, and 1 was looking for acquisition funding.

But what makes a business plan truly effective, and just how important are they? For funders and interested stakeholders, business plans are important for evaluating a business’ investment potential. But, unless a business plan has right kind of components; is implemented in the right kind of way, that’s customized to be relevant to its purpose and is – always – a working document, it’s useless. Your business plan should be an introductory document, that invites potential funders and investors into a conversation with you, whether that be a casual meetup or a more formal meeting. It’s an important document, so don’t rely on templates or external specialists to write it for you. The reality of a business plan is that it won’t roll out in real life, but it will serve as a working guideline. On this week’sThe Money Show with Bruce Whitfield, we considered what goes into writing the right kind of business plan:

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