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Startup Tips

5 Essentials for Succeeding in Any Business You Choose

Finding success as an entrepreneur can often come with a number of challenges. No matter what industry you are in, or how long you have been working at it, there will always be obstacles to overcome and challenges that come your way. However, there are five key lessons that every entrepreneur can use to their advantage during their journey. 1. ...

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Why Starting Small, But Thinking Big was Sibongile Mphilo’s Ticket to Success

Vital stats: Company: Sibongile Security Services Player: Sibongile Mphilo Est: 2002 Turnover: R70 million Contact: +27 (0)12 343 1164 Visit: www.sibongilesecurity.co.za  Her company was named the woman-owned business of the year at the Standard Bank Top Women awards in 2014, and its annual turnover of R70 million will leave no one in any doubt. 39 year-old Sibongile Mphilo registered Sibongile ...

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How to Start a Quality Assurance Outsourcing Business

Entrepreneur often have ideas or a field of expertise combined with dreams of building a large empire. However, many of these dreams are never realised and investments are lost in the process. It is important to put business ideas through filters to ensure that the business can survive – and then to ensure service excellence and in-house management to thrive. ...

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15 Things Every Newbie Needs to Know About Starting a Business

Starting a business is exciting – and scary. I’ve started more businesses than I’d care to admit. In my experience, it’s a bit like driving through a heavy fog where you are only able to see a few feet in front of the windshield – you don’t know what’s up ahead until it’s upon you. However, the longer you are an entrepreneur, the better ...

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Why Building a Business is Just Like a Jigsaw Puzzle

Being an entrepreneur might be your dream. But living that choice isn’t always the easiest. “What have I let myself in for?” most entrepreneurs wonder at some point. That’s because getting your business off the ground often requires more skills than you might ever have imagined could be contained in one person. And, in actual fact, they usually can’t! Success ...

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How to Name a Business

What’s in a name? A lot, when it comes to small-business success. The right name can make your company the talk of the town. The wrong one can doom it to obscurity and failure. Ideally, your name should convey the expertise, value and uniqueness of the product or service you have developed. Some experts believe that the best names are abstract, ...

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Exploring a Franchise Opportunity? 5 Key Questions to Ask

A franchise lets people experience the freedom of business ownership with the security of operating with a proven business model. A prospective franchisee learns more about this financial operation and embarks on a discovery process. As a franchise coach, I like to prepare candidates with what to expect from such initial exchanges and some key questions to ask. Once you request information from a franchisor, a ...

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Theory vs. Reality of Creating Sustainable SMEs

South Africa has an extremely high failure rate where business start-ups are concerned. Why? There are several contributing factors. One is that there is a gap between the theory and reality involved in starting a business and making it survive. Business theory is great in a business school, but is a far cry from the reality that an entrepreneur experiences ...

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