You have an annual payroll of more than R500 000 and pay your 1% of your annual payroll towards the Skills Development Levy (SDL) for the sake of being compliant. You know your staff need to be up-skilled, but neither you, nor your overworked HR manager have the time or energy to figure out what SDLs [...]
Leverage your size to their benefit: Help SMEs by giving them favourable terms on raw materials; allowing an SME to pay bulk prices for small quantities will help them compete against larger businesses. This is not a handout, but can prove to be a huge enabler for SMEs. Stick to specifics and pay on [...]
As small businesses in South Africa are recognised as a driving force for economic growth and creation of jobs, enterprise development programmes offered by government and corporates offer black entrepreneurs the opportunity to find support and training to further develop their small businesses. Businesses serve a critical role in driving more inclusive and sustainable development. [...]
Enterprise development is defined as the act of investing time and capital in helping people establish, expand or improve businesses. Enterprise development helps people to earn a living; it helps them out of poverty; and it leads to long-term economic growth for themselves, their families and their communities. Not only is enterprise development one of [...]
Running a small business may seem like a daunting task and one which you think you may not succeed in but here are seven tips to help you on your way to small business success. Have a success mindset It is important to think positively about your small business. You need to consistently remember why [...]
Starting a business is exciting – and scary. Starting a business is a bit like driving through a heavy fog where you are only able to see a few feet in front of the windshield – you don’t know what’s up ahead until it’s upon you. However, the longer you are an entrepreneur, the better [...]
Successful entrepreneur Nonku Ntshona, addressed entrepreneurs who are participating in the Sekela Development Programme. Run by SA Home Loans, the event was held at their La Lucia head office in KZN. Guest speaker Ntshona was addressing 40 entrepreneurs in the first 2018 Master class of the Programme attended by a mix of new entrants and [...]
