Friday 9 November 2012

Gauteng Global Entrepreneurship Week

There are a number of exciting activities and events taking place in Johannesburg during Global Entrepreneurship Week (Nov 12 -1 8). YBL is sharing a few of them with you below. One of them (the last one) is in Polokwane, by the way.
Critical Thinking Forum on Financial Inclusion: 12 November 2012
Nedbank, Old Mutual and the Mail & Guardian are hosting a Critical Thinking Forum that will address the question: “How can we include more South Africans in the financial mainstream?” Present at the Forum will be a panel of thought leaders that includes Dr Mamphele Ramphela (medical doctor, director of companies and civic activis), Ingrid Goodspeed (National Treasur), Thami Bolani (National Consumer Forum) and Lyndwill Clarke (Financial Services Board).
 Venue: SABC Radio Park, M1 Studios, Auckland Park. Time: 17:30.
The Branson Centre of Entrepreneurship - 12-16 November
The Branson Centre in Johannesburg is hosting various events dealing with Global Entrepreneurship Week. Location: The Branson Centre of Entrepreneurship, 19 Melle, Braamfontein,?Johannesburg. More info: info@bransoncentre.org  / 114030622
  • 12 November: Launch of Global Entrepreneurship Week with Centre’s CEO Tracey Webster. 14:00 – 17:30.
  • 13 November: Financial Advice for Small Business with Nedbank. 14:00 – 17:30.
  • 14 November: Innovation with Jayshree Naido. 14:00 – 17:30.
  • 15 November: Various webinars, online tips, talks & advice. All day long, via their website.
  • 16 November: Increase Your Online Presence with Google / Google+ Hangout with Richard Branson. 12:00 – 17:30
The Hub in Johannesburg: 14-19 November 2012
The Hub in Braamfontein, one of Johannesburg’s most prominent entrepreneurial centres, is organising quite a few interesting workshops and events during Global Entrepreneurship Week:
  • Get yourself investor ready (14 November) from 6pm-9pm (R50)
  • Opportunities in the green economy (15 November) from 12pm-4pm (R150)
  • Thought leader dialogue (16 November) from 4pm-6:30pm (R250)
  • Women & entrepreneurship (17 November) from 4pm-7:30pm (R70)
  • Purpose and career opportunity (18 November) from 1:30pm-5pm (R20)
  • Exclusive branding training (19 November) from 9am-4pm (R150)
Location: 4 De Beer Street (corner Smit Street), Braamfontein.  For more info: Johannesburg.hosts@the-hub.net /011 048 2542.

Endeavor SA: Summit on the State of Entrepreneurship: 11 November 2012
Learn more about “Creating the right ecosystem to grow and support high-impact entrepreneurs” when you attend the Fourth Annual Summit on the State of Entrepreneurship in South Africa. The event is taking place from 08:15 – 16:30 on 11 November 2012 at Sci Bono Discovery Centre (corner Miriam Makeba & President Street in Newtown Johannesburg).
Cost:  R750. For more info:  011 463-0992 (ext. 207). To register for the event, click here.
 One Corporate, One Entrepreneur: 11-16 November 2012
The five-day One Corporate One Entrepreneur event takes place during Global Entrepreneurship Week and from 11-16 November 2012 and is hosted in Soweto.
During the week industry experts and professionals will share knowledge with entrepreneurs on personal branding, innovation and creativity, product development and sustainability entrepreneurship. All participants will have an opportunity to refine their business ideas and concept before presenting them to the panel of judges for the business idea elevator pitch competition on the last day of the event.
Times: 09:00 – 13:00 daily. Cost:  R200 per day. For more info: 011 039 2694 / 084 407 3717 / 084 407 3717 / 1corporate1entrepreneur@gmail.com

 SAB KickStart Panel Discussion and Exhibition: 14 November 2012
The SAB KickStart Panel Discussion and exhibition in Johannesburg will take place between 11:00 – 12:30 on 14 November 2012. The panel will focus on successful and practical roles that must be played by different industry sectors to increase the rate of entrepreneurship in SA.
Location: Gallagher Estate. Cost: Free. For more information contact SAB Kickstart: thulisile.mathumbu@za.sabmiller.com / 011 881 8135
Cultunet Foundation: 14-18 November 2012
The Foundation will be hosting numerous events including a discussion round the question “What is Entrepreneurship?”, the prelaunch of the Global Women Entrepreneurs and Business Leaders coffee table book, as well as various workshops in the townships.
For more information re location please contact thobeka@cultunetfoundation.org
 Zazida Institute of Entrepreneurship events: 14-17 November 2012
The Zazida Institute of Entrepreneurship, Africa’s only accredited Higher Education Institution dedicated solely to developing high impact Entrepreneurs in Africa, will be hosting various events dealing with Global Entrepreneurship Week:
  • Personal Finance Management Workshop for Entrepreneurs on 12 November from 8:30am-12pm
  • How to Start a Business with No Cash on 14 November from 5:30pm-7:30pm
  • Zazida three-day Selection Assessment Centre for 2012 full-time and part-time students on 14, 16 and 18 November from 7am-6pm.
  • Launch of Zazida Entrepreneur Support Club on 17 November 6pm-8pm.
 Location: Zazida HQ, 13 Jan Smuts Avenues, Parktown, Johannesburg. For more info: www.zazida.org or call 081 403 149 613

SAINE Global Entrepreneurship Week Business Breakfast:  15 November 2012
The South African Innovation Network (SAINE) will be hosting a business breakfast in celebration of 2012 Global Entrepreneurship Week. The event is hosted in partnership with Department of Economic Development, Sasol Chemcity, Sanlam, African Entrepreneur, SEA Africa and HaveKnot.
Location: Sandton Convention Centre Johannesburg.  Time: 8am-12pm. Seats are limited, kindly RSVP (complimentary) to: thokoza@focusedpeople.biz or call: 082 698 4370
 Absa Enterprise Development Global Entrepreneurship Week event in Polokwane: 16 November 2012
Absa Enterprise Development will be hosting the first ever Global Entrepreneurship Week event in Polokwane on 16 November 2012.. The event will be attended by various stakeholders including Emergent Africa, the Polokwane Municipality, Limpopo Economic Development Environment and Tourism, Vodacom, Small Enterprise Development Agency (Seda), National Youth Development Agency (NYDA), Polokwane Chamber of Business (PCOB), Walkin 25 Management Services and Limpopo Development Agency (LIMDEV).
Location: Peter Mokaba Stadium. Cost: Free. For more info contact 015 290 5511 / 082 454 7150

GrowthPoint / Herman Mashaba’s biography ‘Black Like Me’  launch – 26 November 
In commemoration of 2012 Global Entrepreneurship Week, and looking to grow South Africa’s entrepreneurial sector and develop more property entrepreneurs, Growthpoint Properties will be hosting a discussion by Herman Mashaba that will include his newly-released autobiography Black Like Me. Mashaba was one of the country’s earliest black entrepreneurs who built a successful business during the restrictive days of apartheid and today his investment company has a string of diverse holdings. Open to the public, the event will be held at the Sundeck in Sandton on 26 November 2012 at 7pm. Cover price is R300 and bookings must be done via Robyn Basson on rbasson@growthpoint.co.za
 
 If you know of other events in Johannesburg / Pretoria / the rest of Gauteng that are taking place during Global Entrepreneurship Week, drop us a line or share them below (please include a brief description of the event, location, a link, and contact details of the organisers) or send an email to miriam@ybl.co.za.
For 2012 Global Entreptreneurship events and activities in Cape Town, please click here. The good news is: You can win free tickets to the Youth Entrepreneurship Expo & Conference, which kicks off tomorrow. Please click here to win your ticket (R150, including lunch).
> Please follow Young Business Leaders on Twitter (@YBLMagazine, and @YBLMagEditor for the editor) and on  Facebook.

 This article was written by Young Business Leaders Magazine

  foll@sayentrepreneur 

Friday 2 November 2012

Global Entrepreneurship Week South Africa

Global Entrepreneurship Week (GEW) is an international movement designed to inspire millions of young people to embrace innovation, imagination and creativity through entrepreneurship. This event takes place between 12 November to 18 November 2012.

Global Entrepreneurship Week will connect young people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. Students, educators, entrepreneurs, business leaders, employees, non-profit leaders, government officials and many others will participate in a range of activities, from online to face-to-face, and from large-scale competitions and events to intimate networking gatherings.
Through this initiative, the next generation of entrepreneurs will be inspired and can emerge. In doing so, they will begin to acquire the knowledge, skills and networks needed to grow innovative, sustainable enterprises that have a positive impact on their lives, their families and communities. 

The initiative kicked off in 2008, launched by former UK Prime Minister Gordon Brown and Carl Schramm, the president and CEO of the Ewing Marion Kauffman Foundation. Since then, it has grown to 115 countries—with nearly 24,000 partner organizations planning more than 37,000 activities that directly engage more than 7 million people. 

One Corporate-One Entrepreneur campaign initiative project in partnership with GEP(Gauteng Enterprise Propeller) is joining forces to host one the 1st Global Entrepreneurship Week to be hosted in Soweto.
One Corporate-One Entrepreneur, Global Entrepreneurship Week event 2012
Immensing entrepreneurial potential.
Entrepreneurship as a vehicle for creating jobs and creation of enterprises, especially in the industrialize province like Gauteng is key in the success of Gauteng economic development, the OCOE campaign initiative model is design to be a model to assist in raising funds and help launch the 1st business incubation and resource Centre for entrepreneurs in Soweto.OCOE model aims to identify private sector companies, that are passionate about national building to support some of the OCOE flagship products events and activities to help develop the culture of entrepreneurship in the township.
More specifically, the OCOE campaign initiative flagship products:
• Provide students with training and technical assistance relevant to entrepreneurship development, which includes; identifying and developing entrepreneurial traits and skills, generating a business idea, how to start up a business, financial control, record keeping, strategy development and business planning, legal, marketing and public relations, production management, product and brand development and project management, etc.
• Forums
• Bring successful local and international entrepreneurs to participate in seminars.
• OCOE entrepreneur adoption programme,
• Hold annual exhibitions and fair activities (Entrepreneurship Fun Day and Entrepreneurship fair).

This 1st annual OCOE launch with over 100 entrepreneurs expected to attend a blend of workshop and competition, will be the spring board for youth lead business and entrepreneurs in the start-up phase to unleash their idea’s. The 1st OCOE launch event will be part of Global Entrepreneurship Week celebrations. As the primary activity of the event, OCOE members/entrepreneurs that will be participating and attending the event will be prepared to deliver on 1 minute elevator pitch presentation to a panel of judges for cash prize of R5000, free corporate identity, 6 months free business advisory services. Along the way, a variety of industry experts and professionals will share knowledge on Personal Branding, Innovation and Creativity, Product Development and sustainability entrepreneurship and more. The five day OCOE GEW event will take place from the 12-16 November 2012,hosted in Soweto, all attending entrepreneurs will have an opportunity to refine their business idea’s and concept before presenting them to the panel of judges for the business idea elevator pitch competition on the last day of the event.

Date: 12 November 2012 to 16 November 2012
Time: 09:00 AM - 01:00 PM
Location: Theatre (Jabulani), Soweto
Cost: R0.00
More info: The launch of One Corporate One Entrepreneur is a week long celebration starting from the 12th November till 16th November 2012 taking place at Soweto Theatre (Jabulani).

Contact: Mr Mbuso Radebe
Company name: One-Corporate One-Entrepreneur (NPO)
Telephone number: +27 11 039 2694
Email address 1corporate1entrepreneur@gamil.com

Wednesday 31 October 2012

Nominations open for 702, Nedbank Business Accelerator


The 702 Business Accelerator with Nedbank campaign opens today Monday 22 October 2012, as it profiles the first in a series of 30 business entrepreneurs who want to take their business to the next level.
"We're looking for business owners who have proved that they have what it takes to start and build a business and now find themselves at a point where they want to accelerate their growth," said Pavlo Phitidis, business development specialist, who will be profiling and advising the business owners on air. 

From all the entries received, he will hand pick those businesses that meet the criteria of the campaign and are owned and run by entrepreneurs who have demonstrated character and are building business with great potential to grow further. They will be interviewed live on air on Talk Radio 702, in either John Robbie's breakfast show or David O'Sullivan's afternoon drive show exposing their businesses to enviable audiences that include customers, future customers, employees and funders. 

Milestones, obstacles and challenges

The business owners will be engaged on what they have achieved to date, their milestones, obstacles and challenges. Phitidis will work with them to identify the steps needed to accelerate their growth to the next level. He will also call on the station's listeners to assist if they have the requisite skills, expertise, connections and, most importantly, customers who should use the entrepreneurs for their services. 

"The exposure that these businesses receive alone is extremely valuable," said Talk Radio 702 station manager, Pheladi Gwangwa. "They will be promoted as successful, credible service providers and receive targeted business advice, during our two drive time shows." 

"We are delighted to partner with Talk Radio 702 to help accelerate growth in the SMME sector. This forms part of our continued focus on collaborating with SMMEs for growth for a greater South Africa. The bank continues to play a significant role in this sector through various initiatives, such as the newly launched Small Business Friday, free business seminars, It's MyBiz reality TV show on e.tv, online networking & resource portal "SimplyBiz" as well as the Vuka Mentorship Programme for entrepreneurs," said Sibongiseni Ngundze: managing executive of relationship banking.

To nominate your business, or the business of someone you know, go to www.business.702.co.za.

Sunday 7 October 2012

40 Pieces Of Inspiration For Entrepreneurs

There is an urgent need in our world for innovation.
The world’s population is hovering at 7 billion and with the miracles of life comes demand for global food, water and energy resources. Additionally, demand for health, shelter, clothing, education, transportation, culture, finance and the distribution and democratization of information and technology.
With the unique talents we individually possess, short lives we all live, problems we collectively face and tight professional cycle for impacting the world, we must, as entrepreneurs unite as an urgent global army of innovation.
Across our fields of passion and expertise, we must not only solve problems but also anticipate them and produce visionary, viable and worthy solutions.
Romantics would have you believe that behind every great man is a great woman.
I would argue that behind every great man, great woman, great child, great invention or great worldly contribution is inspiration.
Here are forty tips designed to help entrepreneurs, business leaders, mavericks and aspiring innovators accelerate our collective and individual pursuits towards inspiration:
1. Honestly evaluate your professional and social circle of friends. Are they inspiring? Do they truly stretch your imagine of what is possible in this lifetime? If not, it is time to retire this circle or file them into passive mode. Then, identify and build an inspiring new circle. You cannot choose your family, but you can select the people whom you spend time and associate with. Parents always study a school’s reputation before enrolling their child, knowing she or he will be environmentally influenced. Have you become lax about the human environment you find yourself in today? This is not a philosophical thesis on traditional friendship qualities of loyalty, generosity and integrity. Ask yourself, do your companions consume or catalyze change? Do they inspire you? Do you admire them? Then, ask yourself, do you inspire your friends? What have you achieved or what are you doing in life that deserves their admiration?
2. Assess your city of residence. If you live at South Bend in Indiana, take action, migrate and breakaway to a domestic hub where innovators in your field reside, like Silicon Valley in California or Silicon Alley in New York City. If the skyscrapers and revolving doors of New York City, Seattle and Chicago no longer inspire you, file papers, establish company presence or secure employment in a foreign land. Fly and fall in love with another culture of people, problems and opportunities.
3. Remove physical, emotional, mental and spiritual clutter from your life. You know the negatives you can control – bad health, bad memories, bad feelings, bad resentments, bad relationships, bad fears, bad insecurities, bad debts, bad regrets and bad dramas. It is useless hanging on. Today is a new day. Immediately take action to resolve them, achieve finality, break the shackles and disengage them from your life. Inspiration rarely hits and positively manifests itself in the lives of those living with all-encompassing burdens. States of desperation can inspire. However, as humans, we are mentally incapable of sustaining prolonged periods of desperation, burden and despair.
4. Quit one habit you know you need to quit. We are human and have vices. However, inspire yourself by quitting your single-most burdening habit then replace it with a positive new one.
5. Stop trying to find yourself and start creating yourself. Build a vision of the person you’d like to be. What will be your ultimate legacy and contribution to the world? Become and evolve into your vision. You are the architect, engineer, builder, renovator and repairer of your future.
6. Take time from your day while sitting, running, walking, praying, exercising, doing yoga or chores to simply reflect and be thankful and grateful for all you have. The grass is greener on your side.
7. Forget and ignore your past academic and professional accomplishments, accolades, achievements and designation. In a battlefield, the stripes you have earned are irrelevant to your ultimate goal of crossing the line and securing an inspired life. Be always hungry for new achievements.
8. Do one thing everyday that differs from your standard daily routine. Walk a different route home or instead of going to the gym or walking the dog in the afternoon, do so in the morning. Step out of habit and your opportunity to stumble upon new inspiration increases.
9. Answer ‘Yes’, above ‘No’. This includes business and social invitations with colleagues, friends and acquaintances. Saying ‘yes’ is your self-stamped envelope for opening new inspirational possibilities.
10. Actively network and meet new people. Seek meaningful conversations with a different person everyday. The world, its problems and solutions are viewed differently from the eyes of a single mother, a childless mother, a teenage mother, a new mother, a mother trying to have another child, a mother of four children, a mother whose children have all left home, a mother who is living with terminal cancer, a grandmother and a working mother. Multiply this through the eyes of painters, interns, CEOs, bankers, politicians, students, actors, DJs, war veterans, jobseekers, tradesmen, teachers, doctors and software programmers.
11. Sleep well and rest well. Working long hours does not equate to productivity and does not offer the optimal mental, physical and emotional state for inspiration to strike.
12. Research one accomplished plus one emerging entrepreneur per day. In spite of their complete uniqueness, which qualities, traits, experiences or advice do they commonly share or impart.
13. Read stories about challenger brands that succeeded. Know that Apple has not always been the world’s leading consumer brand and that its future can change dramatically and is only as secure as the company’s next product innovations, investments and competitor’s ability to out-innovate.
14. Research a person who has diversified and built iconic multi-million dollar personal brands such as David Beckham, Oprah Winfrey and Michael Jordan. Study how they have evolved their names to a level beyond fame and into the zone of iconic.
15. Escape to the noisiest place in your city or the quietest, noiseless spot. Inspiration can be found at places of absolute silence such as a zen room or absolute loudness and chaos, such as Times Square or Grand Central Station in Manhattan.
16. Switch off and disconnect from your computer, iPod, social media and mobile devices for one peak hour per day, appreciating real-world connections with zero technology distractions. A pivotal moment in my career was when Sanjay Bhasin, my inspiring former leader and Young & Rubicam advertising agency’s Chief Client Officer across Asia encouraged me to reduce time working on my laptop sending emails. Sanjay emphasized that the advertising industry is about inspiration and ideas, which have nothing to do with the number of emails, project budgets, timelines or strategic decks I produced. The industry of ideas is inspired by the real world. Do not allow technology to falsely promise you otherwise and do not perpetuate the modern lie that Google has the answer to everything in this world. It does not.
17. Read the highest circulating newspaper and most popular website loved by the ‘masses’ so you are always connected with the sentiments and problems faced by everyday people. Highbrow snobbery and disconnection from ‘commoners’ is un-cool, unreal and uninspiring.
18. Read stories about unparalleled human courage and triumph. Learn how people respond to cathartic life experiences such as earthquakes, tsunamis, floods and hurricanes. Be inspired by the power of nature and more so the power of the human spirit. Then, take the next step, connect and support the survivors and communities affected.
19. Reconnect with a higher power. Billions of people around the world find inspiration in the divine and find inspiration in the courageous act of surrendering all to the will of God.
20. Identify a visionary mentor within your Personal Facebook or Google+ community and also a professional mentor from your LinkedIn or local community. They need not possess yachts and mansions, but they must align to your definition of inspirational success. Then, when you are responsibly ready, mentor others in your personal and professional community. Do not polish your life. Inspire them with the lessons of your truths. Keep it real.
21. Consume culture by watching movies, television, listening to new music, reading magazines, blogs, books and appreciating commercials. Through cultural consumption, you’ll have better insight into worldly problems and solutions. Then, shift this cultural consumption into cultural creation. Create music, video and art.
22. Exchange your skills with another person. Share a language, share a talent, share a craft, share a hobby and share a moonlighting commercial or community project.
23. Post a Status Update on your Facebook, LinkedIn, Google+ or Twitter account acknowledging “I’m in need of inspiration. Any ideas?’. The responses may surprise you. They may be valuable, funny or a telling fact that it is time to upgrade to an inspiring circle of friends.
24. Reconnect with nature – the ocean, rivers, lakes, seas, forests, mountains, deserts, canyons, beaches and sun. Involve yourself in conservation or engaging activity-based nature projects. Through nature, we see higher human possibilities.
25. Follow people on Twitter who are on missions of discovery, like Matthew Dieumegard-Thornton who is set to summit Mount Everest in 2012. Find adventurers sailing the world’s oceans, astronauts launching into space or rainforest and polar region explorers. Also, follow somebody on Twitter who claims to be an expert or leader in a particular field. Soon you’ll be an expert too.
26. Name a country in the world. Ask yourself what is the name of its capital city? If you do not know the answer, lock in your annual leave and travel there. Also, consider taking a one-week vacation to Zurich then immediately fly to Africa for a year’s purposeful sabbatical.
27. Read one motivational quote per day, but not more than two.
28. Recall and electronically file away compliments you’ve received from people. We all need little reminders of our value in the lives of others. Then, find inspiration in identifying the value of other people in your life and compliment them.
29. Research local and global census and statistics. Is your city or country experiencing an ageing population? High or low birth rates? What are the primary causes of death? High female: male ratio? High immigration? High emigration? High marriage and divorce rates? What are the key and emerging industries? Statistics are often good indicators of supply and demand needs.
30. Seek higher formal or new skills based education. Additionally, research and book yourself into a free or fee-paying conference, seminar or exhibition. Upgrade your education and update yourself on the latest industry-developments.
31. Volunteer at a hospital, hospice, soup kitchen, homeless shelter, animal rescue site or community support organisation.
32. Engage in current affairs and understand the world’s major crises – financial, food, energy, illiteracy, health, education and communication. Dive deep into a particular issue such as climate change or teen suicide and be part of the community of change. Also, read stories about current and past political revolutions, analysing the forces driving them. Revolutions often evolve from pursuits of deeply rooted problems within that society.
33. Seek new inspiration from history. Fashion designers and creative industry directors are masters of historical referencing.
34. Revisit your precocious past self and look at the world through the lens of a child – a world of many major problems that you hold the exact simple solution for. Also, play with your daughter, son, niece and nephew, watching how they live their lives in the present, enjoying every moment. Most of the world’s problems such as war should truly have simple solutions – if it wasn’t solved by global political egomaniacs driven by commercial gain, pride and lust for power, polished with propaganda.
35. Reconnect with a loved one who recently experienced a momentous life event such as giving birth. Or, a person you had a close friendship with in your youth who may have lived through imprisonment, drugs and alcohol addiction but has successfully U-turned and today leads an exemplary inspiring life.
36. If you’re a budding entrepreneur, involve yourself in the entrepreneurship, ideas and innovation community. Explore and engage with Under30CEO, TED, Mixergy, Entrepreneur, Ycombinator, Wall Street Journal Startup Journal, Inventive Change, theGeniusBox, Poptech, Venture Loop , The Young Entrepreneur Council, Inc., Springwise.
37. Build upon yesterday’s inspiration, today. Working towards a dream has the uncanny magic to drive new inspiration.
38. We are human. Above most distractions in life, we are rightly driven by love. Talk to someone you love. Think of and connect to the people you love most in the world. Gain inspiration from their presence in your heart, if not in your life.
39. Search for inspiration within yourself. Think of the hardest struggle you have faced and know that you have the fight, might, smarts, wits and strength to overcome and create greater solutions for yourself and for the world.
40. Look down. We are often inspired by greatness – those who we perceive are more successful, more moneyed, more smarter and have more of everything. However, I would argue that inspiration is greater gained by looking at those less fortunate than you are – the terminally ill, the sick, the aged, the homeless, the poor, the troubled, the mentally bruised, the physically less-abled and the outcasts. Do not be seduced by perceived great people. Be only inspired by great problems requiring great solutions.
The world needs you, but you need inspiration – a stimulant and agent we cannot afford to find, await, search for, stumble upon or haphazardly seek.
We have diseases to cure, lives to enhance, wars to end, relationships to bridge, ideas to optimize, imaginations to satisfy, innovations to distribute, dreams to realize, the hungry to feed, children to educate, the underprivileged to empower and generations to accord the futures they deserve.
Race, accelerate and sprint towards inspiration today, for you are the author of your new unwritten chapters – a collection of inspiring, imaginative, innovative, explorative, collaborative and constructive pages I hope the world will never forget.
Author: Wempy Dyocta Koto is the CEO of Wardour And Oxford, a global business development agency working with entrepreneurs, small, emerging and large companies around the world to grow their businesses nationally and internationally. We work across all time zones and are inspired by our client’s ambitions to improve our world with their ideas, products, services, innovations, social pursuits and vision. Follow @wempydyoctakoto or email connect@wardourandoxford.com
article from founders@work

Sunday 23 September 2012


Financing your Business


Many small businesses fail due to lack of financial planning and control….

Getting your financing right upfront can be really tough, as you probably only have a vague of how much you actually need. Your research is crucial. Start by writing down what you have, what you think you will need to get started, as well as what you need to stay in business until such time as you actually start getting paid.

Now beak these elements down. Under “what you have” include a personal financial statement to provide a visual guide of what you own and what you owe. This is your personal assets and liabilities statement.

When looking at your start-up costs, your research should include phoning around and getting “ballpark” figures for all inputs. And if you’re in retail, don’t forget to include things like renovating or decorating your premises, as well as furniture and equipment. Legal fees, registration and licensing fees are also often forgotten about. These can mount up, so find out what you are in for. Provide a “contingency” amount to cover the unexpected costs that always crop up.

Even if you believe the tills will be ringing from the moment you open the doors, don’t include these funds in your operating expenses. The reality is that you will need at least three months’ worth of expenses (plus your start-up costs) available in order to operate comfortably from the start. I’d recommend that you put these funds into savings or interest-bearing account of sorts.

How much additional finance will you need?
Add the start-up finance required, to three-times your expected monthly expenses, and deduct the figures on your personal financial statement, to determine what additional finance (if any) you will require. Don’t forget to include your living expenses; it’s one thing being able to pay for all your business expenses, but if you can’t cover your rent, you have a problem. From here, work out your operating costs for your first year of operation.

Draw up a business plan from start
Don’t fall into trap of thinking that you only need a business plan if you are applying for finance from a bank or alternative funder. Draw one up from the start –on your own –as it will give you greater control over your business. If you follow this plan and update it on regular basis, it should keep you in the right track.
Remember that the better the plan, the better your chances of success. (For comprehensive business plan template, courtesy of Viljoen Consulting, email editor@bizmag.co.za to request one)
There is no doubt that starting a business is hard work and that the process can be daunting. But it is also incredibly rewarding. If you are adequately prepared, have a comprehensive business plan in place, and remain focused on your goals, you have every chance of success. That said there will always be things you haven’t anticipated, and owning a business means that you will be constantly learning. Continue to research your product or service and market. Keep reading up n new legislation and business ideas. Most of all do as much of it as you can, but don’t be scared to ask for help. Good luck!
(This article was taken from Your Business Magazine February/March 2012 issue, page 24) www.bizmag.co.za


Nikki Viljoen is an internal auditor and business administration specialist.  Contact 083 702 8849 or www.viljoenconsulting.co.za



Sunday 16 September 2012

Ekasi Entrepreneurship Conference



Young township business owners will get a boost next month [ed: Sept] when The eKasi Entrepreneurship Conference comes to Khayelitsha.
A conference to empower and encourage youth entrepreneurship in the townships will be held in Khayelitsha, Cape Town, on 28 September 2012. The meeting brings together entrepreneurs, business organisations, NGOs and experts from the UCT Graduate School of Business, to share the latest thinking around growing micro enterprises.
Small businesses are praised for their potential to create jobs and grow the economy but young entrepreneurs face the challenges of access to resources, knowledge, support and guidance. The eKasi Entrepreneurship Conference aims to inspire and engage young entrepreneurs through talks given by leading entrepreneurs and business thinkers.
Conference co-organiser and entrepreneur, Luvuyo Rani, says the idea is to unlock an entrepreneurial mindset and to impart knowledge of how to access finances and support.
“Through engagement with speakers and successful entrepreneurs, these young township entrepreneurs will see how others succeed. The hope is that this helps young business-minded people realize their potential while igniting their interest in entrepreneurship or encouraging them to take their businesses seriously,” he says.
The conference, designed and organised by Founders@work, is for start-ups that already employ three to four people. According to Rani, 300 entrepreneurs are expected to participate.
Rani says that entrepreneurship in townships is very complex as people become entrepreneurs for different reasons. But they have one thing in common: They are hungry for assistance and ideas for growth.
“We find that people start businesses out of a survivalist need, while others identify opportunities to capitalise on,” he says. “You have entrepreneurs looking for tenders, sub-contractors, semi-formal business owners, and those looking to expand their businesses.”
And he says the major problem is that there is no alignment between the national business development and the township entrepreneurs, creating a lack of access to information and a disconnect between entrepreneurs and opportunities to strike up relationships with bigger business organisations.
“We want to act as a bridge for people to come and see how to do business, how to judge the market, how to approach partnerships,” he says. “But, we also want to encourage bigger businesses to consider partnerships with small township business, as there are many opportunities for growth in these areas.”
Rani will be talking at the conference about his experiences of starting his township Internet Café business, Silulo Ulutho, and understanding the market for growing a business.
Also involved in the conference is Elvis Sekhaolelo founder of Founders@work and Eliada Nwosu, an entrepreneurship lecturer and researcher from the UCT Graduate School of Business’ Bertha Centre for Social Innovation.
“My work is in the development of micro enterprises and I get very excited when I see how these enterprises overcome the thresholds that are traditionally seen to hold them back,” she says.
According to Nwosu, small enterprises are often unable to access resources and support but she says she has noticed that entrepreneurs running these businesses are very innovative at networking with other enterprises, organisations and community entities to collaboratively access all they need.
“I look forward to hearing these entrepreneurs’ stories, about how the successful ones have overcome the obstacles that plague small businesses in this country,” she says.
Community impact can only be driven from inside that community and this conference allows stakeholers to drive the agenda, says Nwosu. The GSB has always aimed to ensure that any research has an immediate social impact.
And that’s why this meeting is unique: “The message of this conference will be delivered within the social, traditional and cultural norms of those business people operating in Khayelitsha,” she says. “It will make a much richer contribution in this way.”
Other speakers to be at the conference include motivational speaker Mr Vusi Thembekwayo, Ms Linda Dlova Executive Communications Management of the NYDA, Ms Maloti Mothobi Founder of Strato Wear, Siyabulela Xuza who NASA named a planet after, Ms Viola Manual, Executive Director of the Cape Chamber of Commerce, Mr Mokena Makeka Founder of Makeka Designs, Mr Guy Lundy Former CEO of Accelerate Cape Town, Simphiwe Ntlantsana Founder of Ntlantsana Accountant and Auditors and many more.
This conference is proundly sponsored by the National Youth Development Agency (NYDA) and in partnership with the University of Cape Town Graduate School of Business, Silulo Ulutho,SpierTSIBAThe Raymond Ackerman Academy.
The organizers of the conference Mr Elvis Sekhaolelo and Mr Luvuyo Rani are fortunate to be associated with organizations such as Endeavor, The Power of Youth, and The Global Shapers community – an initiative of the World Economic Forum

The eKasi Entrepreneurship Conference will be held on September 28th September 2012 and To find out more contact Elvis Sekhaolelo on ekasi@foundersatwork.co.za call him on 074 561 0064.
Get your ticket(s) to the conference here on Webticket
The Conference is themed Inspire – Learn – Engage and Activate
Article written by Rothko Marketing, Design and PR

Tuesday 28 August 2012

Big Break Legacy


Call to Entry

The Big Break Legacy is coming back with season two, where entrepreneurs stand a chance to walk away with a whopping R5 000 000. SA Young Entrepreneur Zone  would like to encourage innovative entrepreneurs to enter for the Auditions.  This is a great chance to showcase your entrepreneurial skills. You will never know, this may be your "BIG BREAK" in business. Remember no idea is too small, and you may never know how good you are until you try something. So go for it and we wish you all the best.



The Big Break Legacy, in partnership with MTN Business, announced that it is back for its second year with ‘more’. This year’s production promises to engage, empower and unleash the true meaning of entrepreneurship. Ezra Ndwandwe, the founder and Chairman of The Big Break Legacy expressed delight and excitement at the announcement of Season 2.

Says Nomalanga Nkosi, GM for Business Marketing at MTN Business; “After a very successful season 1, MTN Business is proud to be a part of season 2 of the Big Break Legacy reality entrepreneurship TV show. The first season showcased talented entrepreneurs that were able to reach their dreams by participating on the show and MTN Business has no doubt that season 2 will encourage aspiring entrepreneurs to reach for their dreams.

This years’ Big Break Legacy has .been revolutionised and promises to be bigger and better with the partnership with the University of Pretoria’s Gordon Institute of Business Science (GIBS). GIBS is one of South Africa’s premier business schools and agreed to collaborate to create a programme that will nurture promising entrepreneurs from all backgrounds.

‘’The programme will accept individuals who have developed a business concept that is innovative, commercially viable, scalable and that will have a social impact,’’ says Ezra. The partnership with GIBS will create a unique avenue to up skill entrepreneurs in a practical way in an effort to create self-sufficient communities.



Another exciting development for The Big Break Legacy, is that it will now, through its partnership with CNBC Africa, broadcast to 48 other countries and will be enjoyed by close to 5 million viewers across Africa on Channel 410.
For more information, visit www.thebigbreaklegacy.com or ,www.facebook.com/thebigbreaklegacy. or www.twitter.com/bigbreaklegacy