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StartupsTop News

July 31, 2018

What started as a simple desire to create her own unique brassieres – some made from wool and others decorated with colourful beads – has become a fashion hit, presenting 22-year-old Neo Mabokela with an opportunity for a thriving business. University psychology student Mabokela, who learnt the art of crocheting at an early age, is stunned by her success, and has put her studies on hold to pursue her new venture, Yarneo, full-time. “It has...

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Some small-business owners assume that the size of their company makes it an unlikely target for cyber adversaries. That may have been true in the past, but it’s no longer the case. “The increase in ‘targeting the little guy’ began several years ago (2011)… but represented less than a fifth of all attacks,” writes cybersecurity expert Joseph Steinberg in his Inc. article Small Businesses Beware: Half of all Cyber-Attacks Target you. “Today, however, the number is...

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A few years back, I was working as a business consultant for a venture located in a small city in India. The company used a mix of offline and online methods to connect job seekers and recruiters. After one year as a consultant to the business owners, I realized it was not in a position to succeed. The sales numbers did not look very encouraging, their growth was slow, and they were continuously missing all the...

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1. Browsing social media constantly Spending time on social media can feel like a necessary way to keep up on news. But the benefits fail to offset the mental clutter. “I have intentionally cut the amount of time I spend on Facebook, Twitter, and LinkedIn,” says Shawn Schulze of Names.org. “I used to feel pressure to keep up with industry people I was following or to stay up-to-speed with news on these outlets. However, the emotions and distraction far...

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A new report by The Small Business Institute (SBI) claims that South Africa only has a quarter of a million formal small, medium and micro-sized enterprises (SMMEs) – some way off many other reported estimates. Moreover, the research shows that while 98.5% of the country’s economy is made up of small and medium-sized enterprises (SMEs), they’re only delivering 28% of all jobs. These sample findings are part of a comprehensive study conducted by the SBI,...

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As business priorities tilt from cost-effectiveness towards enhanced security, the migration of company operations to cloud platforms is becoming an increasingly popular option, particularly amongst small and medium enterprises (SMEs) – according to co-founders of Executive Solutions Richard Levine and Gavin Bodill. While cloud-based operations have become a global trend, the primary subscribers to the technology, particularly in South Africa, have been larger corporations that possess the resources to make the transition. The migration to...

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The founder of an early-stage company, which was still trying to figure out product-market fit, asked me questions about getting acquired. He reached out because of some suggestions I made in my newsletter that big companies (BigCo) are slow, hold the bulk of the cash in their industry, and are consequently stifling innovation. He wanted to know how he might get the attention of BigCo to get his company acquired. It would have been laughable...

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Tren Griffin is a well-known personality in the technology industry, and is also an investor. He has gathered a bag-full of insights on entrepreneurship from three Silicon Valley coaches and 32 venture capitalists. These insights he has gathered range from leadership and staffing, to what venture capitalists should and do look for when investing. Those he as interviewed for this book are behind some of the most successful IT firms in the world, including Google,...

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South Africa hosted the 10th annual summit of the BRICS (Brazil, Russian, India, China and South Africa) bloc in Johannesburg. The event was aimed at discussing new areas of cooperation between the five countries, including peacekeeping; the creation of a vaccine research centre; a gender and women forum; partnerships towards progress of the Fourth Industrial Revolution; and the establishment of the BRICS Tourism Track of Cooperation. While the BRICS partnership has had some detractors, a new report by...

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Award-winning hair expert and entrepreneur Ayanda Madlebe’s decision to enter the lucrative female dominated hair industry has seen him tending to the whims and fancies of influential captains of industry and celebrities – and he loves every second of it.   He started the company, Studio 353 The Beauty Shop, with his wife Busi in Johannesburg three years ago.    Madlebe says he was driven by the need to create jobs and educate people on...

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