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In the corporate world, many of us do things as they have always been done. It's difficult to change these processes and the mindsets behind them. When moving to the SME space you have the opportunity and responsibility to constantly ask yourself if what you're doing today will help you achieve your end goal of tomorrow and, more importantly, you n…
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Many entrepreneurs feel that they must focus on price and that their products or services must be as cheap as possible, but times have changed and many customers look at the service they receive as a distinguishing factor, rather than price alone. The point is that you need to offer something unique to the market and you will succeed if you can giv…
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It is critically important that you put a good credit system in place so that you know on a daily or weekly basis exactly who owes you money and when they are going to pay you. With today's technology, it is possible to automatically remind your clients to pay their bill by sending them a text message or email. With new clients, I would suggest ins…
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The kind of customer you need to find is a paying one. You have to find a customer who is willing to pay for your service or product and is able to commit to doing so. I said, COMMIT to it by PAYING for it. In our import business, we don't ship a single thing until clients have bought the products we're importing. If you REALLY want to mitigate the…
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The big lesson: being a great technical person won't make you a great entrepreneur. One should never confuse the two. Because of this, most successful businesses are built by two partners: one is the entrepreneur, the other is the technical person. The product may be crucial, but without the busit to sell it and support it, it's useless. If you are…
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The downside of registering a company is that you need to comply with more rules and regulations and it can be a costly exercise. So, what do you do? If you are serious about your business, then register a company and do it properly. There will be a cost but it should be outweighed by the tax benefits, reputational clout and the legal protection it…
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"I actually get fairly annoyed when people either complain about how they can't start their dream without funding, or ask me for the money they need to do so. If a small - town boy from Harrismith could start a business with R37k in savings and a rented bakkie, and still manage to sell that business for millions, so can everyone else. Hustle!" - Ma…
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In a very complicated world, it is always great to simplify things - to have goals, a clear vision, a one - pager plan. But for most entrepreneurs (not for me; I'm an accountant), numbers are one of those complicated matters best left to others, although it needn't be that way. And when it comes to one particular number, it cannot be that way: that…
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New entrepreneurs are often under pressure to "show off". You started your own business and now you want to show the world how successful you are to justify your initial decision. To prove to your old boss that you've made it, to convince your friends that the missed beers and birthdays paid off. It's a slippery slope, all the way down to Broketown…
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History books are full of entrepreneurs and businesses who stuck to their guns and were soon out on the street. The most often quoted examples are Nokia, Blackberry, Kodak and Blockbusters, but there are thousands of others you'll probably never hear of. Conversely, some of the biggest companies that are still around today are almost unrecognizable…
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On this episode the host shares great insights about the link between sacrifice and the entrepreneurial world. So many young brand owners are fooled by their ideas or imagination about business. ALL of us need to understand that as business people we live a small portion of our lives like others won't, so that we can live the rest of our lives like…
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Welcome back to Episode 3 of the #90RulesBookChallenge hosted by #ProjectHustle. The co - host Busi Nhlapo speaks about Rule 3 and quotes "Nicolette Mashile" - The Financial Bunny. So everyday online we will share 1 rule for 90 days. Starting a business should be more than just a venture it should be an adventure. Follow us on sound cloud, facebook…
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Everyday we will share 1 rule for 90 days from the #90RulesBook. Starting A Business Should Be More Than Just A Venture It Should Be An Adventure!!! Connect with the author by heading over to www.marnusbroodryk.com/90rules | www.blvkminc.co.za | Facebook: @Marnusbiz & @BlvkInc | Twitter: @marnusbroodryk & @BlvkInc | Instagram: @marnusbroodryk & @Bl…
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Blvk Inc. (Blvk Mercantile, Inc.) is running a Logo Competition and has great prizes to be won by the entrants. Creatives, artists , and or graphic designers this is a chance to showcase your talents and skills and gain exposure. If you've always wanted to grow out of the box with all your stacked up drawings in files and drawers, enter this compet…
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