Archive | SMEs

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Growth of Africa’s SMEs, jobs will depend on technology uptake

For Africa’s small and medium enterprises (SMEs) to succeed and exploit emerging opportunities that create jobs for the increasing youth population, governments – in 2017 and beyond – must adopt supportive policies, such as targeted tax incentives and updated laws, which realise practical capacity building and flexible regulatory frameworks to enable innovation. This is the […]

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Festive season a make or break for SMEs: expert

The festive season can either make or break a business when entering into the new year, a South Africa-based expert said. However he said if business owners planned in advance and were aware of the potentially challenges they could face, they can be creative and use the season to their advantage. Byron Jeacocks, Business Partners […]

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How to build a small business into a big, strong brand

Establishing a strong brand does not necessarily require a large marketing budget, but rather a clear plan and a clear brand-building objectives, a South Africa-based expert said. “A brand is a way of defining your business identity to yourself, your team and external audiences. It is essentially the sum total of the experiences that your […]

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Why family businesses fall apart

In an economy where jobs are scarce, inheriting a family business, especially those traditionally known for strength and economic resilience, can be considered a privilege and an advantage. Figures by the Family Firm Institute reveal that approximately 30% of family businesses survive into the second generation, 12% into the third generation and only 3% into […]

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SME failure

10 reasons why small businesses fail in Africa

There are top 10 reasons why most small businesses fail: inadequate business planning, insufficient capital, lack of management experience, poor location, poor inventory and cash flow management, over-investment of fixed assets, poor credit arrangements, personal use of business funds, competition or lack of market knowledge, and low sales, or not pricing properly. This is according […]

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