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QuickBooks Mompreneurs Inspiring Entries

QuickBooks is looking to recognise and celebrate South Africa’s Mompreneurs with the QuickBooks/Entrepreneur Magazine and Saturday Star Mompreneur Competition.

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Just six weeks in to the QuickBooks/Entrepreneur Magazine and Saturday Star Mompreneur Competition and already inspiring entries are streaming in from entrepreneurial moms all over South Africa.

The initiative to run this competition was inspired by the recognition of QuickBooks and their partners that entrepreneurial Moms are being recognised as a powerhouse in the South African economy and should be celebrated.

Related: Do You Consider Yourself A Mompreneur?

The entries received to date include Mom’s like Dhillshaad Adams, who has taken the leap to from corporate to start Legal Help, a company that specialises in Property, Leasing, Contracts, Mediation and Labour Law to Lona Mnguni, a single mother of two that lost her corporate job and decided to brave the entrepreneurial world in an effort to have more time to spend time with her boys.

Lona Mnguni, a mom to two boys started Gracenet Logistics, a business that provides courier services to the local, national and international market with a specialised rural area and township distribution service for medication and schoolbooks. Lona also volunteers at an enterprise development centre where they work with interns in developing future entrepreneurs.

Another entry is Lara Mare van Niekerk, her entry stated, “Quite honestly I don’t believe I’ve done anything better, or more, than the next mom. We all try hard to be role models for our children and leave a legacy and the way I’ve done that is by trying every single day to make just one life better”.

Lara Mare is a strategy consultant but in the hours outside work has developed (with a chef friend) and launched Rush, which strives to be responsible for healing SA by offering an array of free-from, raw, proudly SA wholefoods.

Samantha Watt

Samantha Watt

Samantha Watt is the founder and owner of Watt Communications, a single mother of two girls, her company provides communication services to technology brands,

“Everyday I am proving that it is possible to be all things to all people. I am showing my girls that we are capable of anything and that nothing is impossible.”

“I make enough money, have healthy and happy girls, who know their power. Women remain underestimated and I will continue to defy the odds and show everyone that it is these same women that are the backbone for everyone”.

Zaheera Bayat is a mother to 3 children and owner of Style & Image Studio, she spends her days juggling homework and school projects with boardroom meetings, designing plus-sized garments and seeing to clients. In between starting up a brand new style studio, she writes for a magazine and newspaper with the vision that all women may be empowered. “I live with the vision to create mega change and sustainability within my community for women & child empowerment through beauty and emotional well being”.

Related: 5 Books for Women Entrepreneurs

Our next entrant, Chaan Small, specialises in Vertical Farming and is a single mom of three children (one of whom is deaf). She left her job and decided to start her own business, Organigro, a vertical farming business providing fresh fodder for animals.

Being a mother to two boys, Vanessa Barry had the courage to follow and pursue her dreams and not let inexperience and fear stop her from doing what she loves. In 2013, Vanessa opened a baby boutique and shortly after began creating her own boys-only clothing line, Urban Raccoon – inspired by her own two boys – which she now supplies to other independent baby boutiques and to the public via her online store.

Commented Vanessa, “Being a mompreneur is challenging, the chaos and exhaustion is real, some days everything feels out of balance but I have learnt that if you love what you do your passion will never fail!

Serijke Grobler is no stranger to adversity, she was born with Muscular Dystrophy and has spent her live overcoming her condition. She has a 3-year old boy, Levi and has just started her own business in April 2016. She finished writing her autobiography, “That’s life, it starts with you” in April 2016 and it will be published in July 2016.

An achiever qualified in Human Movement Science and Results Coaching, she is also a Personal Trainer and a professional life and business coach. Serijke’s new venture offers service delivery to people at home and work for their convenience. A one stop shop for all services needed to make life easier and allow people to have more time to spend with their families. Some of the services offered include, Mobile Eco friendly waterless car wash, carpet washing and spring cleaning, dog washing/training and walking, child care/house sitting and afternoon pick-ups for children.

Related: Funding And Financial Assistance For SA Women Entrepreneurs

The QuickBooks/Entrepreneur/Saturday Star Mompreneur Competition runs until the 9th August with the winner being announced in the month of August – Women’s Month. Over and above the accolade of receiving the title of Mompreneur of the Year, the winner will receive the following prize:

  • QuickBooks Accountant valued at R7 000
  • eZ Bank Download software
  • 1 laptop computer valued at R10 000
  • A full page feature in Entrepreneur Magazine on the Winner and the runner up (Valued at R49 300)
  • An UBUNTU Strategic Analysis of their business as well as a Business
  • Builder Programme with 12 Modules to implement changes – R50 000
  • UBUNTU two hour consultation on how to grow their business – valued at R15 000
  • Southern African Institute of Business Accountants – SAIBA – A week’s training in set-up management and bookkeeping
  • 1 year subscription to The Star/Saturday Star
  • Coverage in the Saturday Star for their business
  • Full Membership at the National Small Business Chamber (NSBC) for 1 year, sponsored by QuickBooks.

QuickBooks and Entrepreneur’s Mompreneur Competition is a way of acknowledging and celebrating women who have started businesses and taken on entrepreneurial challenges in order to try and balance having a family while still contributing to the household income. If this is you or you know someone who fits the bill, enter now at  www.quickbooks.co.za/mompreneur.

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

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Be 1 Of 3 High Growth Scale Ups Sponsored By FNB & Vumela To Participate For FREE In 10X Accelerator Program (Value Of R650 000)

FNB and Vumela are sponsoring 3 high growth Scale Ups on the 10X Accelerator Program, kicking off in February 2018.

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The 10X Program has received amazing reviews and huge interest, because of its unique approach:

  • Focused on businesses that are Scaling Up (past the start-up / typical Accelerator phase)
  • Business Scale Up focus, not capital raising / exit focused
  • Broad company-building focus, not a narrow technology commercialisation focus
  • Addressing the gnarly and complex issues that come with growth, like hiring, firing, performance managing, management systems, Boards, etc
  • 18 months of intensive, hands on support
  • Working with seasoned Scale Up leaders

Here’s what delegates are saying:

“We’ve grown really fast, but without the 10X Program we probably wouldn’t exist anymore because things were starting to break… It’s a game changer… Unlike most other workshops like this I have experienced, 10X-e combines theoretical concepts with real world applications so that I can make immediate changes to my business. The tools are easy to execute throughout my organisation and get the needed buy in from my management team. We now have every staff member fully aligned to the company’s strategy… we’re now scaling much faster and with less resources than we would have normally required without the 10x process…. – James Wilkinson, Founder, Sonic Telecoms

Related: Expansion Funding Options For Your Growing Business

“Within 1 month I doubled sales revenue, because it became so clear I had 2 people in the wrong roles. We swapped their roles and doubled revenue immediately.” – Richard Rayne, Founder, iLearn 

“I used to feel like I was sprinting up a sand-dune. If I stopped sprinting for a moment, the business would slide downhill. But since the program, we have much more momentum and its not all up to me because the entire team is pulling together in the same direction. Things won’t grind to a halt if I am away for 2 weeks” – Andrew Cook, Founder, Smoke Customer Intelligence

‘The [10X Strategy Workshop] process gave us the framework to focus and say no to distractions … [key] part of our journey to drive relentless focus. The Workshop catalysed us working on our business and not just in it… [and] supported a period of advancement… and scale’. – Brad McGrath, co-Founder, Zoona

‘The upfront Path To Scale Boot Camp… got us all thinking the same way and on the same page about how to Scale. It is something we have carried with us and that has guided us ever since.’. – Aisha Pandor, co-Founder, SweepSouth

The Program is worth R650k. FNB & Vumela are sponsoring 3 qualifying Companies.  Seats will be awarded to businesses with the greatest Scale Up potential.

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R33 Million Boost For Job Creation And Innovation In SA

The Craft + Design Institute (CDI) has launched R33 Million in funding to boost SME growth, job creation and innovation.

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The CDI has raised the R33m to establish three funds – a Growth Fund, an Innovation Fund and a Loan Book – these funds will be managed by its investment arm, CDI Capital.

The funding will be for developing 60 growth oriented SME’s and 20 innovative technological solutions – and to create 600 permanent jobs in the process over three years.

This funding has been enabled by the National Treasury’s Jobs Fund through the Government Technical Advisory Centre (GTAC), the Technology Innovation Agency (TIA), and the Western Cape Department of Economic Development and Tourism (DEDAT).

CDI Capital was specifically incorporated as a CDI subsidiary in 2016 to catalyse funding for SMEs. A level 1 B-BBEE company, it aims to combine government grants with corporate Enterprise Development spend and private funds to de-risk investments in SME’s to stimulate growth and returns.

Related: 3 Things You Must Have In Place To Get That Start-up Bank Finance

The Growth Fund is open to businesses with turnover or assets of more than R1m with the ability to create permanent jobs. Applications open on the 27th of November and close on the 31st of December 2017. For specific criteria and more information on the grant please visit www.cdicapital.co.za/GrowthFund

The Design Innovation Seed Fund (DISF) is open to inventors who believe they have protectable innovative technological solutions that could impact on specific sectors and could create permanent jobs. This is the third round of this fund. Applications open on the 27th of November and close on the 31st of December 2017. For specific criteria and more information on the grant please visit www.cdicapital.co.za/DISF

In addition to the grant funding products, CDI Capital will also launch a R3.5m working capital and term loan facility at reduced rates for the duration of the three-year project to provide access to cash flow during the growth stage of these, and other qualifying SME’s.

 

The CDI has 16 years of experience in SME development and started supporting development in the craft and design sectors nationally in 2015. Signaling this change, the organisation changed its name in September from the Cape Craft + Design Institute to The Craft + Design Institute.

According to Erica Elk, Executive Director of the CDI, it was a landmark moment in the organisation’s history.

“Over the past few years our team has successfully taken our services across the country – we have conducted a business and product development workshop series in every single province and received incredibly positive feedback. The message clearly is ‘more please’.”

Elk said that there is a consensus in South Africa today that SMEs hold the solution to our intractable problems of a sluggish economy and high unemployment rates.

“In most countries, SMEs play a vital role as drivers of economic growth, innovation and job creation, but, in South Africa, this value is yet to be properly realised. To achieve this, the challenges experienced by SMEs need to be addressed. Namely access to markets, finance and credit, infrastructure, resources for R&D, and access to adequately skilled and work ready labour.”

She added that the CDI, through its specialised investment arm CDI Capital, is gearing up to provide solutions to some of these challenges, particularly in the craft and design sector and related sectors where design and innovation can catalyse growth.

“Our first Jobs Fund project, completed successfully in December 2015, had 45 participating companies creating 464 jobs off an investment of R14.5m. This was 105% of the target of jobs to be created. Participating SMEs grew their combined annual revenue by 73% over three years – from R60m to R104m. Funds were used to improve their products, processes and competitiveness through the acquisition of new machinery or specialist staff, and to expand local and international market reach.”

“We also completed a first round of DISF grants in 2016, and are currently working with seven innovative SMEs in round two – round one attracted private funding of over R10m in equity funding into some of the high-potential innovators. The DISF gives innovators and entrepreneurs in the Western Cape an opportunity to get the finance and support needed to get their ideas to the next stages.”

“We have put a significant amount of work into developing these offerings, not only ensuring good governance and appropriate monitoring and evaluation measures, but realising real and sustainable impact with the businesses we support. We are excited to have raised R33m to launch this new funding for SMEs, and we thank our funders and supporters – we look forward to making meaningful investments.”

Related: 6 Great Tips For A Successful Shark Tank Pitch

“Now – having led the way with investment from the public sector – we would like to partner with the private sector to support and strengthen this initiative. We believe this project – which aims to catalyse innovation, support growth orientated SME’s and create 600 jobs – would be an ideal Enterprise Development spend opportunity. CDI would gladly partner with corporate growth orientated accelerators and mentorship programmes to further strengthen the support offered to the participating SMEs.”

 

Najwah Allie-Edries, Deputy Director General: Employment Facilitation within the Jobs Fund:

“The Jobs Fund supports this initiative in recognition of the critical role that SMEs play in creating a more inclusive economy and job creation and also because it will contribute toward CDI becoming a more self-sustaining entity. The aim of this initiative is to provide appropriate financing options to SMEs in the craft and design sector in order to catalyse sustainable growth which will result in attracting further investment into a sector that has often been neglected. The introduction of a revolving loan facility will not only ensure that over time more SMEs can benefit from access to finance, the enhanced revenue streams will also contribute to the CDI’s goal of becoming a sustainable entity in its own right.”

Mr Vusi Skosana, Head: Technology Stations & IATs (TSP) at TIA, said that the Technology Innovation Agency (TIA), an agency of the Department of Science and Technology, was established with an objective to support the State in stimulating and intensifying technological innovation in order to improve economic growth and the quality of life of all South Africans by developing and exploiting technological innovations.

Solly Fourie, Head of Department, Department of Economic Development and Tourism, Western Cape Government:

“We know that there is a strong need to develop and improve the socio-economic conditions of the citizens in our region. To this end, the creation of a healthy and vibrant regional innovation system can be a catalytic driver of sustainable economic growth and development. But neither DEDAT, nor the WCG, are able to tackle this alone. The partnerships created through the Seed Fund and Jobs Fund; and initiatives like it, go a long way to creating an enabling regional innovation system in which we collectively draw on the Quad helix’s expertise and resources; promote local industry and attract and grow innovative businesses. By doing this, we are crafting the best possible conditions for businesses to develop in this region.”

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Start-ups Require A Strong Legal Foundation Webber Wentzel Ignite

Entrepreneurs, start-ups and scale-ups are a lifeline to South Africa’s economy.

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Entrepreneurs, start-ups and scale-ups are a lifeline to South Africa’s economy.  It is however a harsh environment and many entrepreneurs find themselves in a situation where they are wearing many hats and navigating potential pitfalls without the knowledge that many professionals have from years of experience.

This is especially true from a legal point of view where entrepreneurs are faced with real world regulatory challenges that could have far-reaching consequences on their fledgling business, such as financial regulatory, tax, exchange control and intellectual property.

A common example is that start-ups often forget to secure the rights and licenses they need to operate. For example, would you invest or partner with a company that:

  • doesn’t have a legal right to use their brand
  • doesn’t have proprietary technology; and/or
  • is reliant on a third party agreement that doesn’t permit commercial use?

Related: How To Raise Working Capital Finance

These avoidable shortcomings often result in failures at critical junctures. The specialist legal services needed to avoid these problems are typically not easily accessible to start-ups.

With this in mind, Webber Wentzel has launched a project called ‘Webber Wentzel Ignite’ – a legal incubation programme that will provide selected entrepreneurs and innovators from any sector with:

  • tailored legal services valued at up to ZAR 100,000;
  • bespoke mentoring and training support – focused on legal knowledge and developing key legal skills relevant to start-up businesses; and
  • targeted networking and profile-raising opportunities.

Video about Ignite

Webber Wentzel is not asking for equity or exclusivity; only an opportunity to connect and make a difference as a trusted advisor over the long-term. It is a wonderful opportunity that will set the selected entrepreneurs apart in the marketplace. Applications close on 15 January 2018

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