Are you a woman considering going into business or upscaling your current endeavours? A lack of money does not have to stand in your way. There are various ways to get funding from government grants and bank loans,  to venture capital. One person who proved this is Mukundi Lambani. With the help of funding she started Ambani Africa and in 2021 received the MTN App of the Year award and a spot on the M&G 200 Young South Africans list.

Here is some advice from her and other South African businesswomen who are making a mark across various spheres.

• Mukundi Lambani, founder of Ambani Africa: "Securing one funder that offered even just a little made other funders more comfortable investing knowing that someone else had already endorsed the business."

• Salamina Mosese, co-founder of Sorele Media: "Try not to give up until something gives."

• Stacey Brewer, co-founder of SPARK Schools: "If you get the right investor on board, they will be able to bring other like-minded investors."

For women-specific funding opportunities, see below:

New This Week (21 November 2023)

• How to Start an Accounting Consulting Business

• Manufacturing Business Ideas 

• LISTEN TO: The Secret to Small Biz Success

Business Ideas In The IT Sector

Here are some IT business ideas for you to consider:

• E-commerce Platform Development - You could develop e-commerce platforms for businesses looking to sell their products or services online.

• Mobile App Development -  Develop mobile applications for various purposes such as business productivity, e-learning, healthcare, or entertainment.

• IT Consulting Services -  Depending on your skillset, you could choose to specialise in a specific area of IT consulting.

• Cybersecurity Services - You could offer services like penetration testing, data security solutions, and cybersecurity training. 

• Digital Marketing Agency - Help businesses with online presence and digital marketing strategies.

How To Calculate Your Break-Even Point

The break-even point is 

the point at which total cost and total revenue are equal, meaning there is no loss or gain for your small business.

Knowing your break-even point can help you decide your selling prices, set a sales budget, and prepare your business plan. 

The break-even point is considered a measure of the margin of safety. To easily calculate your break-even point download our calculator below.