Phase One

Home » Posts tagged 'entrepreneur'

Tag Archives: entrepreneur

Top Earning Careers in South Africa

image

A list of South Africas top earning careers. From business management, financial services, lawyers and Doctors.

1. Chief Executive Officer (CEO)
R 111 264 per month

2. Management Consultant
R 108 979 per month

3. Managing Director
R 106 608 per month

4. Legal Services Director
R 100 000 per month

5. Development Management
R 96 667 per month

6. Executive Director
R 91 3702 per month

7. Financial Advisor
R 90 000 per month

8. Physician- Anesthesiologist
R 88 528 per month

9. Enterprise Architecture Manager
R 87 500 per month

10. Dentist
R 85 000 per month

Women entrepreneurs, example not exception

“The women in this room and all around the world are not exceptions. We are not a special interest group. We are the majority.”

 

Gayle Tzemach Lemmon never set out to write about women entrepreneurs.Gayle  is a Fellow and Deputy Director of the Women and Foreign Policy Program with the Council on Foreign Relations

 

85% of women surveyed don’t believe being a woman is detrimental to their business success, while 32% believe it’s beneficial.
–Center for Women’s Business Research, December 2005

The 7 best of Sir Branson

360_bspacenutz_0305

Sir Richard Charles Nicholas Branson is a British business icon, best known as the founder and chairman of Virgin Group of more than 400 companies.

Net Worth $4.6 Billion, as of March 2013

 

7 Quotes of inspiration from one of the most well known self made billionaires of the century

1. “You don’t learn to walk by following rules. You learn by doing, and by falling over.”

2. “You can create a business, choose a name, but unless people know about it you’re not going to sell any products.”

3. “I am prepared to try anything once.”

4. “As much as you need a strong personality to build a business from scratch, you also must understand the art of delegation. I have to be good at helping people run the individual businesses, and I have to be willing to step back. The company must be set up so it can continue without me.”

5. “Above all, you want to create something you are proud of. ”

6. “Every risk is worth taking as long as it’s for a good cause, and contributes to a good life.”

7. “Entrepreneurial business favors an open mind. It favors people whose optimism drives them to prepare for many possible futures.”

Forbes Lists #272 Billionaires, #6 in United Kingdom.

Starting a business, when to quit your day job.

Many people have great business ideas and would make great entrepreneurs but there is always that element of uncertainty when starting a business. There are some things that you should always consider when you want to start a business.

 

1. Are you unhappy with your current company?

If yes than you should consider starting your own business. Although money makes the world go round you should be able to enjoy life and considering 1/3rd of your day is spent at work it should challenge yet inspire you.

2. Don’t quit straight away. 

If you have an idea or business model work on it. Plan and ensure that you know what you’re in for. At this stage it would be ideal for you to continue working in order to maintain some source of income. You can do all the planning, complete business registrations and set up for your launch date.

3. Expect changes.

You may have an abundance of freedom but things still need to get done. Make a schedule for all your activities to ensure you complete the required tasks to ensure the success of your business.

4. The money. 

While your business is in its start-up stages. Depending on your business the capital required to start maybe very high. There is always the option of applying for finance.  And despite common belief finance is relatively easy to secure in South Africa. With banks, government initiative programmes venture capitalists and the more recent crowd funding available starting a business is possible.

TIP: You business plan will make or break your application for finance. Ensure you are thorough and have a well put together plan. 

5. Hidden costs. 

There will always be something that you did not fully budget for ensure there is enough capital to cover these unforeseen costs and pay the bills.

TIP: If you are not making enough money to cover the costs you may perhaps want to find a part time job or some free lance work. 

6. To be a successful entrepreneur you need to be able to do everything. 

When starting a business you will be required to do everything from sales, operations, marketing and general admin. Research and learn how the basics are done so you can keep the daily activities of your company going.

7. Have a backup.

Always have a plan B in case the business is not successful.

TIP: Make sure your planning is thorough and you fully understand your businesses micro and macro environment to be able to know where you stand and what is required of you to be distinctive.

 

Ready to quit your day job and register a business, visit Phase One and we will help you start a business.

Systems that Guarantee Success

Starting a business can be relatively easy, whether or not the business will succeed is another story. The reality of your businesses success in the long term is only 10% of stat ups are operational in the first three years and only 10% of those small business start ups make it to ten years.

“Always under promise and over deliver”

Is an important business principle that should always be kept in mind. With all modern technologies  in South Africa that is available to small businesses, SME’s find that 26% of their sales still come from word of mouth. People’s impression of a business is crucial to attaining potential clients. Having the correct systems in place to ensure your business is not only running effectively but efficiently as well is crucial to keeping your promises and commitments to clients.

Your business is made up of many core components that need to work together correctly to create the business as a whole. These core components are your business functions. Every company will have multiple business functions such as sales, finance, human resources, operations, marketing and depending on the size of your small business you might be doing them all.

The simplest way to ensure your businesses units are functioning as a whole is to break each core function up into its simplest form, understand the objectives and responsibilities of each function. Writing these objectives into manageable tasks will ensure they can be monitored and controlled.

All the functions in a business are linked and influence the way in which another function can operate. It is unlikely that one person will have expert knowledge in all functions. As an entrepreneur you should ensure the people you hire in certain functions have sufficient knowledge in their area of expertise and manage the daily, weekly and monthly tasks that will need to be completed. Thus giving you time to focus on your overall business and not individual tasks.

Tip: Students are great employees for all small businesses, they are eager for experience in their industry.

You may not need someone full time which fits in with their flexible hours and you will be able to afford their salary. Just ensure the student has sufficient skills for their function. This is not your chance to step back but rather play and active managerial role that an entrepreneur was born to play, plus you will free up some time.

How To start a business: To register a Private company, simple visit Phase One and all the information of costs, the process involved, what is needed to register a company and additional information will be available to you.

Any topics you feel you need clarity on or would just like to boost your knowledge let us know and Phase One will ensure your queries are answered.

Entrepreneur Events 2013, South Africa

Entrepreneur Events 2013, South Africa

Entrepreneur Events 2013, South Africa

 

Target Opportunities Planning

The Venue, Melrose Arch
26 February 2013

Increasing sales and how to approach ensuring your business comes out on top.

 

E- Mobile and Marketing Converence

Indaba Hotel, William Nicole Drive
27 and 28 February 2013

Online Marketing is the future of marketing and knowing how to utilize this source is imperative to the long term success of your business. the focus will be on increasing sales, expanding your target market and targeted advertising to ensure your message is heard by the intended people.

 

SIRDAR Business summit

Coastlands Umhlamga Hotel and Convention Center, Umhlanga
28 February 2013

Being an effective business owner and solving problems for your business to succeed.

 

The Money Expo

Sandton Convention Center
7, 8 and 9 March 2013

South Africa’s best investment and finance opportunities institutes come together. This expo is dedicated on how to : invest money, make money, save money and managing your money.

 

My Business Expo

Gallagher Convention Center
14 March 2013

Unique strategies and ideas that can be applied when starting a business or growing a business. All the latest trends that will give your business a cutting edge.

 

International Franchise Expo (IFE)

Sandton Convention Center
9, 10 and 11 May 2013

Everything you will need to know about acquiring a franchises and what franchising is all about. New business opportunities as well as well known brands will be present at the IFE.

 

The Entrepreneurs’ Seminar

Sandton Convention Center
28 and 29 May 2013

Fifteen global speakers on the global entrepreneurial revolution and leadership.

 

Markex World of Events 2013

Sandton Convention Center, Cape Town International Convention Center
11, 12 and 13 June 2013 , 13 August 2013

Innovate business strategies that can contribute to improvement of managing skills in a business and improving the company. This Is suitable for all industries and will benefit your business.

 

Business Opportunities & Franchise Expo

Coca-Cola Dome, Johannesburg
12, 13, 14 and 15 September 2013

The Ultimate place for all business owners. BOFE Brings together entrepreneurs, financing, franchises, business opportunities and business support services enabling you to have all required services when starting a business or being a SME to expand your business.

 

For contact details on these events visit Phase One, Events.