You as the entrepreneur need to refine your own business idea, once you have done this and have a clear picture in your mind of what the business will be, you can start stress testing this idea. Please see the article on testing your business idea for expert advice on how to do this.
For further insight and guidance on starting a new business please refer to the section of our website dedicated to start-ups.
6 Questions To Help Anyone Get Better At Anything
Top athletes have coaches because they’re winners. Business leaders should be the same.
Whether you’re a CEO looking for a mentor, coaching your management team, or structuring a coaching programme for your managers to implement, there are six questions that can help anyone get better at anything.
Dr Marshall Goldsmith is a best-selling author and world-renowned business educator and coach. He has coached top CEOs, including Alan Mulally, former President and CEO of Ford Motor Company.
The key to a successful coaching programme is simple dialogue and establishing responsibility. The person being coached must understand and agree that success lies in their hands. They must take responsibility for their actions.
Once every few months, have a direct coaching session. Ask (or answer for yourself) these six questions:
- Where are we going?
- Where are you going?
- What are you doing well?
- Do you have suggestions for my improvement?
- How can I help you?
- So you have suggestions for me?
This Is A Call To The Curious – Applications For The Allan Gray Orbis Foundation Fellowship Programme Are Open
The Allan Gray Orbis Foundation is calling on all young, entrepreneurially-minded South Africans to enlist in the most comprehensive and stimulating Fellowship opportunity in Southern African. Applications opened on 22 January 2018.
The Foundation takes a holistic approach to entrepreneurial development and believes that entrepreneurially-minded individuals with ethical values and strong leadership skills hold the key to change in South Africa and the globe. The Foundation supports entrepreneurs to improve the socio-economic landscape of Southern Africa. Further, it provides youth who demonstrate the highest potential access to education and assists them with cultivating an entrepreneurial mindset.
The Fellowship’s entrepreneurial and personal development programme runs throughout the academic year alongside the Candidate Fellow’s university studies. The Fellowship provides access to university education and includes comprehensive tertiary financial support to selected students.
Criteria for Grade 12 Learners
- Level 5 in Pure Mathematics for Grade 11 final results
- Level 6 average for your final Grade 11 results (excluding Life Orientation)
- Completion of the National Benchmark Test by 30 September 2018
- Under the age of 21 in your application year
- South African citizens.
Intention to study towards a degree in Commerce, Science (excluding Medicine), Engineering, Law or Humanities (majoring in Politics, Philosophy or Economics) at the University of Witwatersrand (WITS); University of Johannesburg (UJ); University of the Free State (UF); University of Cape Town (UCT); Nelson Mandela University (NMU), Rhodes University; the University of the Western Cape (UWC); University of Stellenbosch or the University of Pretoria (UP).
What it covers
- The full cost of university tuition
- The full cost of university accommodation, meals, books and tutor allowance
- A monthly living stipend
- Academic support and access to entrepreneurial and personal development programmes
- Mentorship from individually assigned Foundation staff as well as business mentors
- Access to potential postgraduate funding for graduated Candidate Fellows
- There are no postgraduate contractual obligations with the Foundation.
Related: 9 Top Tips For Young Entrepreneurs
How to apply
Visit www.allangrayorbis.org to download an application form or SMS “Gr12 and your fax number or email address” to 36777. The application closing date is the 11 May 2018.
Facebook Launches A Classifieds Marketplace In South Africa
Facebook has launched Marketplace in South Africa, offering users a single destination on Facebook where they can easily discover and buy and sell goods with other people in their local community.
Available in 47 countries, with more than 550 million people from around the world visiting Facebook to buy and sell goods each month, Marketplace makes it easier for people to trade with others on Facebook.
- To use Marketplace, tap on the Marketplace icon
- To find what you’re looking for, search at the top and filter your results by location, category or price
- To sell something, take a photo, describe your item, set your price and you are done
- Buyers and sellers can communicate with each other using Facebook Messenger.
Facebook helps you trade safely on Marketplace by offering safety tips, privacy controls and easy-to-use reporting tools.
Top tips for trading safely on Marketplace:
Verify the item
When buying an item, examine it carefully for quality, condition and authenticity before paying. For high-value items (watches, luxury bags), consider requesting a certificate of authenticity or proof of purchase.
Be shipping savvy
If the seller offers to ship the item rather than exchanging it in person, you may not have the opportunity to verify the item before completing your purchase. You can use a service such as Standard Bank’s Shepherd to arrange safe payment and shipment. Shepherd keeps the money for a transaction in a trust account and releases it to the seller once the buyer verifies he or she has received the correct item in good condition.
Meet in a safe location
Don’t invite buyers or sellers to your home. Meet in a public place like a coffee shop or the mall. Before going, tell a family member or a friend where you will be, bring your cell phone, and consider asking another adult to come with you.
Use cash, COD, or person-to-person payment methods
Buyers and sellers may offer or accept cash or person-to-person (P2P) payments. If you choose to pay electronically using EFT, avoid payment links and log in directly through the payment method’s website. If the value of the item you intend to buy or sell requires a significant amount of cash, you might consider using a person-to-person payment method, such as PayPal or FNB eWallet.
Protect your privacy
Don’t share your financial account information (example: Payment login and password, bank account info) with buyers or sellers. Additionally, make sure your Facebook Privacy Settings are up-to-date. These settings help limit what other people can see (example: status updates, location, photos) on your profile page and what you share on Facebook.
If you’re having a problem with someone in Marketplace, you can report them.
- 6 Questions To Help Anyone Get Better At Anything
- This Is A Call To The Curious – Applications For The Allan Gray Orbis Foundation Fellowship Programme Are Open
- Facebook Launches A Classifieds Marketplace In South Africa
- How You Can Make Failing Part Of Your Growth Strategy
- Customer Control For Entrepreneurs
- 5 Things SME’s Need To Be Thinking About In 2018
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