Apart from government funding, entrepreneurs often employ “bootstrapping,” which involves self-funding through personal savings (if any), diligently reducing personal expenses to reinvest in the business, and carefully managing cash flow. … More
Several non-repayable business grant programmes exist in South Africa, often targeting specific sectors or demographics. Examples include the Agro-Processing Support Scheme (APSS) for businesses in food and beverage processing, the … More
Yes, the South African government provides various funding instruments for small businesses and start-ups, including grants (which are often non-repayable), incentives, equity funding, and specialised loan schemes. These are typically … More
The “kasi” offers unique opportunities for low-cost start-ups that cater to local needs. Examples include offering daycare services for working parents, providing hair services by visiting clients or from home, … More
To minimise outgoings when starting a business with little money, consider working from home to save on office and travel costs. Leverage cheap or free online services for tasks like … More
The South African government offers a range of funding types, including grants, incentives, and equity funding, managed by various departments and agencies such as the Department of Small Business Development … More
A detailed business plan is important to act as a navigational guide. It helps you structure your ideas, understand your market, streamline your brand, and determine your financial future. It … More
There are a number of ways to reduce your start up costs. Working from home eliminates office rental and travel costs. Using free or low-cost online services for website development … More
Yes, it is possible, although it requires careful planning, creativity, and a strong entrepreneurial spirit. Many successful businesses, even global brands, started with minimal capital. Focus on leveraging existing skills, … More
Several online platforms and organizations can provide further assistance. Finfind is an online platform that matches businesses with appropriate funders. SME South Africa’s website (www.smesouthafrica.co.za) offers articles, resources, and a … More