Starting a Business - The Small Business Site

Article by Business PartnersStarting a Business

4 ways to turn your business idea into a thriving business

Article by Ben Bierman (Managing Director at Business Partners Limited)

There are many different paths that entrepreneurs take to realise their dreams and fund a business idea. For some, the journey is a straight-forward trajectory from getting a business loan to selling the first product or service. For others, the journey to success takes many twists and turns, and necessitates an iteration – or even a pivot, to get the formula 100% right.

Although there are many tried-and-tested principles that entrepreneurs use to get ahead, these four methods are invaluable steps in the process to the success of a small and medium enterprise (SME):

ByNSBC Editorial TeamMarch 18, 20240Comments

Managing a business Starting a Business

The first 4 tiny steps in starting a business

Starting a business can seem overwhelming with all the cogs you need to have in place before you can power up your business machine. But if you look at each cog and put them in place correctly when you pull the trigger on your business, you will have fewer complications to deal with. Here are the first four tiny steps you need to take.

ByNSBC Editorial TeamMarch 4, 20240Comments

Business Startup Starting a Business

7 digital entrepreneurial ideas

With almost everything moving online, there are more opportunities for entrepreneurs to go digital. There may even be ways for entrepreneurs to use the internet to disrupt their industry, but let’s look at seven digital entrepreneurial ideas.

ByNSBC Editorial TeamDecember 12, 20230Comments

Managing a business Starting a Business

How to start a manufacturing business

Manufacturing is important for a country’s economy. By turning raw materials into goods which can have a higher sale value, you increase the amount of money which comes into a country. Manufacturing also uses a variety of current technology and infrastructure, and this part of the economy is interesting for investors. So, let’s look at…

ByNSBC Editorial TeamOctober 30, 20230Comments

eCommerce Managing a business Starting a Business

How to select the ideal e-commerce business model

According to Statista Digital Market Outlook, the e-commerce market is set to grow over the next few years. The growth rate for the next four years (2021 - 2025) is predicted to be 16%. With more people made aware of the ease and convenience of online shopping, investing in an e-commerce business model may be the next big step your business takes. But how do you choose which business model to follow? Let’s look at three aspects which will determine which business model you will adopt.

ByNSBC Editorial TeamAugust 14, 20230Comments

Starting a Business

Every plan a small business needs

Many people wing it when they start a business and then wonder why they are not growing or why they are sinking. One of the reasons is that running a small business takes hard work, some planning, and a little bit of magic. If you don’t have a plan for your business, you won’t know where you went wrong and could continue to do things which are detrimental to your business. Let us look at four plans which are important for your business.

ByNSBC Editorial TeamAugust 14, 20230Comments

Starting a Business

The top 5 service businesses to start today

Are you service-orientated? Do you want a business which requires a low investment but could give you great returns? Then a service-based business may be right up your alley. Today, we are going to look at the four key points for running a successful service business and then consider some options you could start today.

ByNSBC Editorial TeamJuly 17, 20230Comments

Managing a business Starting a Business

The pros and cons of digital entrepreneurship

According to Statista, internet penetration is predicted to continue on an upward trend and therefore investing in digital entrepreneurship is wise. But don’t go into digital entrepreneurship with rose-tinted glasses as there are some challenges which you will face and need to overcome to have the success you dream of. Let’s look at the pros and cons of digital entrepreneurship.

ByNSBC Editorial TeamJuly 3, 20232Comments

Article provided by Fedex ExpresseCommerce Starting a Business

E-commerce questions to ask when starting or enhancing your business

An online store is now a need rather than a nice-to-have for your business., Since the COVID-19 outbreak, e-commerce has grown in popularity, and more people are choosing to shop online instead of going to physical stores.

Almost everything may be bought or sold using the internet, including books, electronics, clothing, software, and furniture. E-commerce additionally gives users a platform to purchase or sell anything they want, anytime they want.

Assessing some characteristics of your business before setting up an online store is essential. If you already have a business, you should change it to reflect your new e-commerce initiatives. On the other hand, you should design an e-commerce program if your business is just getting started.

ByNSBC Editorial TeamJune 9, 20230Comments

Business Startup SME News Starting a Business

Millions for startups to grow their businesses

“South Africa has hundreds of thousands of small businesses – so many that they contribute over 40% of our country's gross domestic product and employ two-thirds of all South African workers. This means that, the more support they receive, the more people they can employ, and the more successful our country becomes”, says Mike Anderson: NSBC Founder & CEO.

Anderson says, “With more support, small businesses have the potential to breathe new life into the South African economy and play an even bigger role in economic growth and job creation. Small businesses represent countless hours of hard work, commitment, resilience, and thousands of jobs. When South Africans support the small, they make a big impact. Providing as much support to small businesses as possible is an investment in our communities and South Africa’s collective economic future”.

ByNSBC Editorial TeamJune 5, 20230Comments