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If you’ve been putting off writing your business plan, you’re not alone. Writing a business plan can seem like a daunting task, and lots of entrepreneurs avoid it for this reason. But it doesn’t have to be. An easy way to start is with just one page. There’s really not a lot of difference between a “one-page business plan” a Lean Plan, and a good executive summary. The only real possible difference is the that the “one-page plan” must absolutely fit...

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Are you an early stage start-up based in Southern Africa? Are you working at the cutting edge of innovation and would like to run a collaboration project with Merck to solve real-life problems? Is your startup innovation related to Healthcare, Life Sciences, and Performance Materials and our innovation focus areas? If you have answered yes to any of the questions above. Then we are looking for you! In partnership with MEST Incubator in Cape Town,...

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Small business owners with an annual turnover of less than R1 million are invited to enter the very first Shoprite Hustle competition before 22 September 2018. “We know a thing or two about the daily hustle of doing business. To ensure we keep Shoprite’s promise of everyday low prices, we constantly have to innovate,” explains Willie Peters, General Manager: Marketing at Shoprite. “That’s why we have endless respect for the thousands of entrepreneurs and innovators...

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Despite government’s good intentions, most small business policy and initiatives have failed ‘since their assumptions and data were wrong’. Low employment rates, conflicting laws, regulations and strategies, no policy harmony and a bird’s nest of red tape are squeezing the life out of small businesses. And the department of small business development (DSBD), which is supposed to oversee the sector, has done little to improve the situation. These were some of the findings of South...

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The South Regional Business Fair is set to give 84 businesses a huge economic boost and help them to create new networks. The fair, which started yesterday and will end on today, is taking place at the KwaMyandu Shopping Centre in uMlazi and is expected to draw in 16 000 buyers, potential investors and partners. These 84 businesses will be exhibiting their locally made products at the business fair. Besides the exhibition of products, the fair...

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Strong demand for middle-income rental housing is prompting private entrepreneurs to build residential property portfolios that they can list when economic and market conditions improve and fund managers become less wary of risking new money in the listed property sector. A residential-only fund may list as early as next year, according to analysts, who say that some funds have been able to get scale relatively quickly compared with other property types. Such a fund would...

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Although the integration of technology into business is gaining momentum in South Africa, a new report from research consultancy World Wide Worx has revealed that small and medium enterprises are more open to internet of things (IoT) applications in their business than other technology such as blockchain and AI. The fourth industrial revolution has landed in many countries across the world, but perhaps the most accurate measure of integration levels is the degree to which...

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As unemployment in South Africa approaches unprecedented levels, the country is responding within its means to improve its education environment, not only through increased enrolment but also by choosing to acquire the most relevant market skills. A new report by PwC reveals that over 30% of higher education students are enrolled in science, technology, engineering and mathematics (STEM) programmes. One of the biggest factors hindering South Africa’s progress as a nation is the country’s exceptionally...

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Businesses around the world are cottoning on to the value of transferring labour from human workers to machines. Automation can increase efficiency and decrease labour costs. It helps employers to avoid complex challenges such as wage increase demands, labour protests and strikes. Consumers also benefit from automation when products and services become cheaper because of reduced input costs. But while there are numerous benefits to automation, recent economic trends in the developed world suggest that it...

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eSports is one of the fastest growing sporting sectors and could be worth over US$5-billion globally by 2020. But this is not the most interesting aspect of this fast-rising and highly competitive world. Instead, eSports – the competitive play of certain video games for prizes – is proving to be a great magnet for women. According to a PWC study, even though the gender split among gamers is 50/50, more women identify as professional gamers...

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