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You probably know the statistic: 80 percent of business partnerships ultimately fail. But people continue to enter partnership agreements because the benefits can give your company several advantages: Combined skills and knowledge More business capital Greater borrowing capacity Tax benefits Despite all this, four out of five business partnerships still don’t work out. If you want to make it as an entrepreneur, you’ve got to figure out how to make certain your partnership is part of the successful...

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South Africa needs entrepreneurs. But how do you go about starting a business? Support The Small Enterprise Development Agency (Seda) provides business development and support services for small enterprises. Seda will give you all the information you need to start a business, including how to write a business plan, and once you have a business, to grow it. The Department of Labour has useful tips for self-employment. Funding Funding for various types of businesses is available through the Industrial Development...

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How good are your networking skills, really? Are you gaining awesome connections at every event, or do you leave with a handful of cards for contacts that never pan out? As you may have guessed, there’s more to the networking hustle than showing up at an event and hitting the bar. Networking has its own skillset, and you could be ruining your chances at making connections (and securing your next job) without even knowing it....

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Look to your own network first To answer the question of “How do I find a mentor?” with the simple reply of, “By networking!” is a bit maddening. We all know networking builds connections, but for new entrepreneurs, it can be hard to start. So, when you start thinking about how to find a mentor via networking, think about building connections, rather than finding “the one.” Focus on expanding your network, and making connections with...

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You’ve successfully launched your business, and built up a solid (if small) customer base. Starting small has its benefits; after all, it allowed you the opportunity to cultivate a loyal relationship with your customers. By now, you’ve had time to work out any kinks, and you’re confident that your product or service is truly the best your business can offer. Now, you’re eager to expand and grow your business. But, growing your customer base is...

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1. Go guerilla Guerilla marketing looks to leverage creativity, imagination and originality in place of a big budget. Smart small businesses with a limited budget often use guerilla marketing to compete with huge companies. There is no shortage of creative guerilla marketing ideas. Here are just a few examples: If you have a brick and mortar location, pay someone to create eye-catching art with chalk. If you sell a product that can be used on...

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1. The Startup Owner’s Manual, Steve Blank and Bob Dorf It doesn’t matter what the product is or how intuitive it is to use—it could be an iPhone or it could be a blender—you are going to find out things you didn’t know that will help you operate it most effectively. It’s the same with starting a business. You may have a great idea for a product or service that addresses a real need, but there are...

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As an entrepreneur, you face major challenges every day. Not only do you have concerns that your customers will remain happy, you also have to worry about all kinds of administration. What are the five major questions every entrepreneur currently has and how do you deal with them? 1. How do I find the time to manage all my work? Time management is critical for many entrepreneurs. Are you also a jack-of-all-trades? Then you’ll probably...

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Outlet owners of the growing shisa nyama industry have become entertainment trailblazers, adding something unique to their offerings in an effort to attract new customers. Whether it takes the form of a distinctive blend of spices to go with their meat cuts or a variety of scrumptious dishes, or music or security for patrons, outlets are sparing no effort to keep customers coming back and gain new ones. Eyadini Lounge, one of the most popular...

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Musicians are getting booked left right and centre during the festive season. However, for them to be recognised, they must have done something write to be recognised. One of the frustrations of being an independent artist is the lack of a linear path. Not only does a clear map not exist, but merely seeking a map seems to betray the notion of artistic integrity. One could work in law, finance, or anywhere else that has clear hierarchical...

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