Tag: funding

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Don’t wait until it’s too late

Photograph of Cod Liver Oil capsules.
(Photo credit: Wikipedia)

Some people wait so long to start something of their own that by the time they do it’s much more difficult. Do you have an idea? Have you validated your idea? Have you built up a cash kitty to fund your business?

Trend watchers are saying that more mature people are becoming entrepreneurs because of the down job market. One survey showed that people between the ages of 55 and 64 represented about 23% of entrepreneurs who launched businesses in 2013. This number of mature entrepreneurs was up about 14% from 1996. Continue reading “Don’t wait until it’s too late”

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Who’ll help you with your small business when you need it most?

Big Business (1929 film)
Big Business (1929 film) (Photo credit: Wikipedia)

When you are just starting out from scratch it seems that the only helping hand you will get is the one hanging from your arm. This is the time when you need assistance most – to help you get off the ground, to show you the way, to receive mentorship, practical, hands-on experience in the particular field that you want to enter.

But in this very early stage of development the mentors and champions of entrepreneurs, the big names with the big advice won’t touch your business with a barge pole. Mr Big is only looking for entrepreneurs who have already been in their business full-time for more than a year and are turning over more than R250,000 a year.

Why is that? Is it because they want to see that your business has some traction? Is this magical number the point that you reach when things in your business are going to take off? Continue reading “Who’ll help you with your small business when you need it most?”