There are a number of Government and private lenders that provide finance to buy a franchise. Lenders consider this to be a relatively safe lending opportunity, depending on the franchise. The reputation of the franchisor is vital, so it is important to make sure that you are negotiating with a reputable franchisor that is...
South Africa still grapples with issues concerning gender inequality. On a global level, the facts show that even though women are prevalent in global workforce, education, employment and wealth indicators still favor their male counterparts - there are parallels to South African trends. A panel of South African panelists discuss this disparity and have highlighted a...
Research has identified four entrepreneurship archetypes in the South African SME market and identified the components that needs to be strengthened to ensure that these archetypes thrive: High-tech Entrepreneurship Model - In this model intellectual property (IP) is developed by research universities or centers and commercialized with support from angel investors and venture capital. External...
Even the most successful entrepreneurs have found value in mentorship relationship. Business mentor and founder of Promentor, Brent Combrink says mentorship can offer many benefits including have an opportunity to have a sounding board to help validate and guide your decisions. According to Brent Combrink, every entrepreneur should invest time in acquiring four types of...
Technology has become a key driver of efficiency and therefore the success of multinational businesses, so it is interesting that SMMEs are not embracing this trend. There are a number of issues which prevent startups from embracing technology, chief among these is digital illiteracy. When compared to global counterparts, research shows that South African business owners...
