With South Africa's youth unemployment rate at 51.52%, entrepreneurship has become more popular than ever. However, you need money to make money. While more South African youth are turning to entrepreneurship one of the main challenges they face is access to funding. To assist with this, both the government and the private sector have launched several youth business funding opportunities. 

Remember that sales and marketing go hand-in-hand, so focus on getting better at this. Learn about how to get more customers to buy from you in this article. Find out what financial and non-financial support are provided for youth entrepreneurs - in this guide.

New This Week (06 June 2023)

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Everything You Need To Know About Starting A Drop Shipping Business

South Africa is catching up to the worldwide e-commerce phenomenon known as drop shipping. This is selling products from a website, but without having to keep stock on hand. It's playing middleman between the customer and the wholesaler.  Drop shipping is a good option for first-time business owners as it is seen as relatively low-risk, and has limited capital requirements. You do however need to ensure that the products you aim to sell work for the South African market. The following article will explain:

• What is dropshipping?

• Which online payment options should you consider

• What website and e-commerce options do you have

• Which challenges you may face 

• What are your marketing options

Reasons Your Sales Are Down And How to Rectify The Issues

Businesses can go through a drop in sales for several reasons. It could be a lack of strategy or perhaps a lack of staff. Are you guilty of this mistake: You're not showing your customers that you care about them..? Fix it like this: Go the extra mile to give your customers extra value. Ask them this question “Is there anything else I can do to help?”Read more about mistakes you could be making and get solutions for them.

Grow with A Community Of Growth-Driven Business Owners

Joining the Founders community is one of the best business decisions you can make. Here you can validate your ideas, find a co-founder, join a group session and so much more!

If the following applies to you, join TODAY:

• You intend to build and grow your company or learn from other entrepreneurs.

• You're building a technology or consumer startup or you run a B2B services company.

• You are a high-performing operator or business leader.

• You’re ready to participate in our active community.

Join the waitlist to become part of this community.

How To Start An Online Business In SA

So you want to start your own online business. But before you can start up your Start-Up there are a few things you need to look at.

Things to consider when starting an online business:

1. Do you need a business license?

2. How do taxes work?

3. What do you need in terms of tech?

This guide covers this and much more: 

Starting A Business On A Limited Budget

Thandeka Xaba of Digital Africa Ventures shares her business secrets :

• Keep it lean and real

• Budget at least five to eight years of suffering

• Do not attach the success of your idea to your self-worth

• Focus on results and not hype

Business Plan Basics

A business plan acts as a blueprint for your business, a roadmap for future development. This resource will help you get off on the right foot.

Download the Business Plan template to:

• Test out a new idea to see if it holds real promise of success

• Help you obtain financing and attract potential investors

• Identify and arrange strategic alliances