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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.

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.

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”.

How to give your startup a fighting chance

Article written by Mike Anderson NSBC Founder & CEO

Imagine putting everything you have - your hopes, dreams and finances into starting your own business, only to watch it crash and burn. The fear of failure is at the very top - above anything else.

On the upside, starting out and succeeding as an entrepreneur has to be one of the greatest rewards in life. So get to know why startups fail and what is needed to avoid failing. Then start your journey to achieve your dreams.

VAT: What is it, and how do you register?

Three words every business owner dreads: Value Added Tax (VAT). We see it on our till slips as the sneaky percentile added to the bill. The truth is it’s not sneaky at all and has existed for over 30 years.

There comes a time in a business’ growth journey when it needs to register for VAT. And although it seems like a headache, we live in a time where innovation can lighten any load.

This article explores the rules and benefits of being a VAT vendor, and how to glide through the VAT submission process.

Google launches startup accelerator for women in Africa

Google has announced that it has launched the Google for Startups Accelerator: Women Founders Africa Program, its first dedicated startup accelerator for women founders in Africa. Applications are now open for the inaugural programme, Google said. "The programme aims to empower and support women founders on the continent by providing resources and opportunities for them to scale their startups and address African problems," Google explained.

Choosing the best property for your business

One of the biggest decisions that business owners must make from time to time is finding new premises for their growing businesses. Whether you’re renting, let alone buying, moving into the wrong or inappropriate premises can be a very costly mistake.

There are many pitfalls, but the process of choosing the right premises does not need to be overwhelming, says Shane Padayachee, property investments area manager at Business Partners Limited.

4 tips to guide you on your way to becoming a successful entrepreneur

For some, the prospect of taking a risk and stepping out into the sometimes complex maze that is the South African SME sector is too daunting. And for others, it is a golden opportunity that is not to be missed. If you fall into the latter category and are raring to go, consider these four ways to set yourself up for entrepreneurial success.

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