Small and medium-sized enterprises (SMEs) play a crucial role in driving economic growth and development in many countries around the world. They are the backbone of many economies and significantly contribute towards creating jobs, driving innovation and entrepreneurship. In many cases, SMEs are the force behind the development of new products and services that can […]
Entrepreneur Busi Raphekwane’s business reached the five-year mark in June 2022. After great victories, disappointment and failures, Busi has gained wisdom from her entrepreneurial journey. She says personal development, saving, hiring the right staff and building your business for longevity contribute to its success. Starting my own business was one of the best decisions I have […]
When entrepreneurs start a business, the majority would think about developing a great product or service, ensuring that it is known in the market, exploring how this will generate an income, seeing how the business will grow and sustain its profitability from these products and services, hiring the right people etc. All of these are […]
With a clear map for the journey ahead, you’re ready to get on the road. According to Bloomberg (2013), 80% of small businesses fail within the first 18 months of operation, and the evidence suggests that poor financial practices are to blame. As an entrepreneur, this statistic can be seriously demotivating. But, if you […]
As of the 01st of December 2019, verified companies will be audited based on the newly amended BBBEE Code. These amendments highlight the governments’ emphasis on the country’s zero-tolerance policy around non-compliance. These B-BBEE Code amendments were proposed on the 31st of May 2019 and have looked to address outstanding issues and reduce Gazetting costs. […]