Crowdfunding: Importance of Effective Strategy

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What is Crowdfunding?

Crowdfunding is an investment opportunity for large amounts of people to fund a project or idea that is marketed to them through crowd funding channels. A reward-based program is often used whereby “backers” of a project will receive a reward for helping to fund the project. This reward could be in the form of the actual product being funded, a thank you note or even a signed poster of the project team. The choice of reward is determined by the creators of the project. Continue reading

Differences between a Business Plan and a Strategic Plan

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Readers of our blog are well aware of our previous post where we highlighted the benefits of having a Business Plan. Today we will be highlighting the differences between a Business Plan and a Strategic Plan and stating why both are needed for a successful business. Continue reading

The Benefits of a Business Plan

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The creation of a business plan is often overlooked when it comes to business creation. Some people don’t believe one is needed unless you are trying to pitch your business ideas in the hopes of finding investors. The truth is, a business plan can be far more beneficial to a business owner (and employees) than just a sales pitch to potential funders. This blog post will highlight just some of the other benefits of a business plan that you may not have known about. Continue reading

How to Register a Business in South Africa

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If you are interested in registering your business as a private company in South Africa, these are the steps you should follow as per the official CIPC (Companies and Intellectual Properties Commission) website. Make sure you have details such as the names and ID numbers of the director/s and incorporator of the company. Continue reading

South Africa’s New Finance Minister for a “New Dawn”

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President Cyril Ramaphosa has announced the return of Nhlanhla Nene as finance minister of South Africa.

The president wasted little time in bringing about effective change in the country’s ministerial positions in an effort to shake things up from the cabinet of Former South African President Jacob Zuma, in what he terms as a “New Dawn” for South Africa.

Nene was the country’s finance minister for 18 months between May 2014 and December 2015, when he was axed in favour of then little-known MP David “Des” van Rooyen. Continue reading