A networking community of entrepreneurs with ideas to change the world by.
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DrLifesgud shares some entrepreneurial experiences and their successes to inspire young African entrepreneurs.
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It is about entrepreneurs doing things for themselves through the power of shared networks and resources. We have a vision of building a thriving network of 1 million African startups across borders who collaborate and trade successfully.
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The rest is easy, find a space to break bread together, whilst having conversations that are focused on contributing positively to the greater network in the room. The rest are add-ons: These guidelines serve as a practical implementation tool intended to assist local government, small business practitioners and small businesses themselves to further improve the small business environment. The guidelines were rolled out to all the 9 provinces with the aim of institutionalizing them in their annual plans. We will also pursue Youth Set-Asides in procurement across the three spheres of government to ensure that young entrepreneurs have abundant opportunities to grow and develop their enterprises in an environment that nurtures the development of these enterprises and enhances their job creation potential.
Entrepreneur
We continue to encourage partnerships between small and big businesses. One such instrument is the Incubation Support Programme. The Incubation Support Programme was launched in to encourage the private sector especially big businesses to develop new enterprises by transferring skills to these enterprises and providing them with procurement opportunities in their specific value chains.
It is important that small businesses are not viewed as providers of non-core activities such as catering, cleaning, security and so on, but that they should be involved in the core activities of big businesses. Early this year, Cabinet approved the Informal Business Upliftment Strategy targeted at informal, township and rural businesses. The informal business strategy proposes two instruments. One such instrument is the Shared Economic Infrastructure Facility which seeks to foster partnerships with local municipalities to refurbish, renovate and build infrastructure for small businesses.
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The second instrument, the Informal Business Upliftment Facility, is going to support individual informal businesses directly. This scheme will invest in upgrading the skills of informal business owners as well as provide them with support to acquire tools, equipment and machinery for their businesses. When government deploys its resources in support of informal businesses our strategic objective is to graduate the informal businesses to become micro, small and some will even become medium size enterprises.
That is why I call this sector the bedrock of entrepreneurship because it will breed entrepreneurs and nourish them to grow bigger and better.
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Our point of departure is that small businesses and co-operatives are the key drivers of economic growth and job creation in South Africa. We have a collective responsibility to inculcate a culture of entrepreneurship in our country. The sad reality about our country is that we have one of the lowest rates of entrepreneurship activity in the world. What are the basic guidelines? More businesses are now facing increased cyber threats due to their increased dependency on technology, relating to their internal and customer data being compromised by fraudsters.
Businesses should ensure they are adequately protected against these risks to avoid incurring sever financial losses. Insurance For Small Businesses: What Should Be Covered? These female entrepreneurs are breaking barriers, transforming industries and inspiring change on the continent.
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Find out more YouTube: Selebogo DrLifesgud Molefe Jun 19, at Log in to Reply. Denise Sherman Jul 12, at Leave a Reply Cancel reply You must be logged in to post a comment. Published 4 hours ago on Jan 17, Data and information technology Connectivity and information technology infrastructure are both crucial to business and employment growth in South Africa, says Lang.
Published 1 day ago on Jan 16, Now in its third year, the Business Day TV SME Summit provides an opportunity for small business owners, entrepreneurs, incubators, franchisors, investors, as well as suppliers to the SME sector to come together and engage with experts in the business, technology, marketing and investment fields. Managing finances and obtaining funding and expansion capital are challenges many entrepreneurial businesses face as they look to grow their footprint in the market.
Darren Segal, Personal and Business Banking Innovation executive at Standard Bank — one of the partners of the SME Summit — will present advice on negotiating funding and finance, to ensure effective cash flow management. Complex tax issues will also be covered by a representative from the office of the Tax Ombudsman. The line-up of speakers includes experts in the fields of business scaling, marketing strategy, intellectual property IP rights, and risk mitigation.
As such, Graham Mitchell from GROW has been engaged to share insights into the leadership required to scale a winning management team. The full line-up of expert speakers and topics will be published on www. Once again, leading organisations have committed their participation at the Business Day TV SME Summit, recognising it as one of the most effective platforms for SMEs to engage professional insights and facilitate knowledge-sharing in support of much needed entrepreneurial development in SA.
For sponsorship and exhibition opportunities: Stephen Horszowski — stephen tisoblackstar.
Delegates who wish to purchase tickets for the full day event 07h00 — 15h00 at R Lucy Johnson — johnsonl tisoblackstar. Published 3 days ago on Jan 14,