Tag Archive | "Entrepreneur"

Entrepreneur Focus: Wendy Dikgole


Tell us about yourself: who you are, your background, where you’re based, and what you’re passionate about.
I’m a 24 year old Beauty Therapist and a business owner of ZeroBase Entertainment, an events company that deals with the logistics and coordinating of small, big, outdoor and corporate events. I also a founded a young women’s movement called “It’s a Ladies Thing” aimed at empowering young women and aspiring entrepreneurs. I’m originally from the North West province and I reside in Johannesburg.

What ignited the spark in you to start a new business venture? How did the idea for your business come about?
I have always been surrounded by and worked close to people, and was inspired by my bosses. I’ve always had a passion for entrepreneurship and empowering others around me.

Describe/outline your typical day?
I run my business from home so my day starts with checking emails, going from one meeting to the next, attending mentorship\entrepreneurs workshops, planning events under our Ladies’ Movement, and attending to clients.

How do you build a successful client base?
I attend a lot of events and networking sessions, which is where I’m likely to meet potential clients.

What motivates you?
I’m motivated by the people around me, and those that wake up every morning to make things happen for themselves.

What’s your definition of an entrepreneur?
Entrepreneurship to me is a responsibility and I believe we’re all capable of bringing change in our lives and others around us.

Have you had any major setbacks/ challenges?
I lost a lot of money when I started my business due to lack of experience and knowledge.

What would you do differently if you had to start the business again?
The only thing I’d change is getting a mentor. But, apart from that, it has taught me to be the better and stronger person I am today.

What South African business people inspire you, and why?
Wendy Luhabe. She’s an amazing business woman I look up to. I respect that she strongly believes in entrepreneurship and in making a difference to people’s lives. She knows that as young people we cannot make it on our own and she keeps mentorship as a priority. I’m grateful that she’s my mentor.

How do you define success?
Success is finding happiness in anything you do and doing it to your full potential.

What has been your most satisfying moment in business?
Success is finding happiness in anything you do and doing it to your full potential.

Where you see yourself and your business in 5 years?
In 5 years I see our women’s movement being bigger and having other campaigns. I see myself having started an NgO back home that helps with feeding the hungry and having built a library. I see Zerobase growing and with at least 10 employees. I see myself as a mother too.

What is your favourite aspect of being an entrepreneur?
I love that I can implement any ideas I see relevant to my company.

What’s next for Wendy?
Oh yes, I’m so excited! I will be officially launching my company next year and I have one big project to start off the year, in Morula Casino in Mabopane- a women’s empowerment seminar on March the 3rd.

What does entrepreneurship mean to you?
Entrepreneurship is like a calling to me. Be like a postage stamp: stick to it until you get there.

How can people reach you?
My email address is w.dikgole@gmail.com

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Lead or Follow


Unfortunately in life there are only two groups of people. It’s either you are a leader or a follower. An entrepreneur or an employee. You either choose to sell or be sold to. Produce or consume. This phenomenon is synonymous throughout society and we are inherently making these decisions daily as we make our paces through the journey that we call life. There is nothing wrong with being on either side of the fence but it pretty much determines where you are going to end up as far as financial freedom is concerned. Being a leader, trendsetter, entrepreneur, producer or seller is the difficult side of things because it involves convincing or getting buy in from other people; it means most of the time you are thinking outside the box about what the rest of society does not normally think about. You are constantly exercising your imagination to the “possibilities” of things that have not been thought of before, and usually you are faced with a lot of resistance to change. But, as with every great risk, there is a greater reward; so it’s either you choose the easy way or the hard way, but whichever way you go, the rewards are reciprocated. It’s in all of us to choose mediocrity or to be exceptional.

- By Wilbert Chaniwa

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The Man Behind Rhythm100 Radio: Kaunda Chama


Rhythm100radio is a newcomer in the world of radio broadcasting, but that has not stopped this commercial Internet radio station from posing as competition to well-established stations like YFM and East Coast Radio. The station launched about two years ago and already boasts a listenership of over 100 000 people from around the globe. What distinguishes Rhythm100radio from other stations is its passion and aim to promote African content and talent. The man behind Africa’s number one internet radio station tells all in this short but informative interview.

Q: To those who don’t know you, who is Kaunda Chama?
A: Kaunda Chama is a son, a father, a brother and a journalist with a passion for online, print and broadcast media. He is currently the general manager of Rhythm100 Radio, based in Johannesburg and targeted at the youth all over the world.

Q: What is Rhythm100 Radio about?
A: As out motto states: Africa is our soul and our soul is African. It is basically about young African talent on air showcasing talent from in and around their own communities and others on the continent.

Q: What inspired you to launch an internet radio station?
A: It is something I have always wanted to do, so once my partners and I identified the opportunity and put together a business plan and a strategy, we just decided to go for it. It was something that Africa needed.

Q: How did you recognize the opportunity to start a radio station?
A. My partners and I were scanning through local radio stations and at that time they were all sounding the same and playing the same songs and that was boring! So, we decided to provide an alternative radio experience and decided to target it at the whole of Africa and other people around the world that are interested in African talent. The continent has so much to offer to itself and the rest of the world. At the same time, we use the station as a platform for developing young radio talent. There are a lot of youngsters out there with talent and they just don’t have an outlet, and the station is a perfect place for them to develop and even move on to bigger things.

Q: Creating a radio station requires a lot of money. How did you finance the project?
A: We all scraped every bit of savings that we had together to set up the station. However, that is just stage one. After the station is set up, keeping it alive requires strong advertising and marketing strategies and Read the full story

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Enter the 2011 Young Entrepreneurs Business Plan Competition


The SME Toolkit South Africa brings you the 2011 Young Entrepreneurs Business Plan Competition. Proud sponsors Business Partners, the International Finance Corporation (IFC) and IBM have come together to provide a platform for you to showcase your fantastic business idea or early stage business.

Criteria for entry

To qualify to enter the competition, the contestant must be:

  • A registered user of the SME Toolkit (To register, click here)
  • 18 to 30 years old
  • A South African citizen
  • In the idea phase or the business must be less than 2 years old

The prizes on offer, including Business Partners Mentorship and IBM laptops, and the media can help you take your business to the next level. The closing date for the competition is Friday, the 30th of September 2011, so download the entry form now

For more details go to: http://southafrica.smetoolkit.org/sa/en/content/en/53264/YOUNG-ENTREPRENEURS-%E2%80%93-IT%E2%80%99S-YOUR-TIME-TO-SHINE

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2 Minutes with Aldecia Molaudzi


Other than the glitz and glamour that come with being a top model, there’s also hard work that meets someone who aims at doing more than just walking on a ramp in designer wear.  24 year old Tzaneen-born Aldecia Molaudzi, the managing director of Sethabisa sa Borwa, also known as 2SAB, a modelling and casting agency is proof that it is through passion regardless of the industry you are in, that guarantees success.

Molaudzi, a voice over artist, motivational speaker, business woman and actress in her own right, has worked her way towards making a name for herself. I asked her just a few questions on who she is, what she does and why she does it:

Being in the media/ entertainment industry is hard enough, now being an agent is even harder! What makes what you do so difficult?

People expect me to make their dreams come true in the industry. I wish they would understand that being an agent means I am only a vessel and that their “big break” depends entirely on either the director or producer of the show. It’s hard seeing someone join my agency but not find work or knowing that I have failed someone.

What’s the one thing you wish you’d known before you got into the industry?

This industry can be so fake and at times so lonely! You need to know who your true friends are out there.

10 years from now what would you like to have achieved for yourself?

I would like to be a brand. I want to have built an empire and be the greatest I can be. My purpose here on earth is to make a difference because it is what I am called for, and I haven’t yet achieved that. I want to touch and change lives through 2SAB Models and also through the foundation I am currently busy with that seeks to empower young people.

What has been the highlight of your career thus far?

The biggest break to date for 2SAB Models has definitely been casting Ntombi’s  baby on Generations. Also, being an MC at the BMF Women’s Awards in 2009 in Polokwane, and working closely with SA’s top musicians like Big Nuz, Slikour, HHP, to name just a few. I’ve recently landed one of my models a huge contract with Mr. Price, which is a huge achievement for us.

Are you living your dreams and are you content?

Yes! I am in the journey, this is my dream and this is what I wanted, and I still want more. My job makes me happy and it doesn’t even feel like I’m working because I genuinely love what I do.

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The Fear Factor


FEAR… Could this be the reason stopping us from reaching our goals? OR…The reason we have a high unemployment rate is South Africa?

What is fear?

Fear is a dominate emotion that we are hard-wired to listen to. Even our rational minds bow to fear. When something is seen as a threat, fear commands an immediate life saving response. Our bodies are flooded with adrenaline and we go in a state of high alert. Of course when danger is around, all of this is a good thing, but we must recognise that fear is a powerful force which, if given the freedom, can really control your life.

We carry our beliefs with us all the time and fear impacts on many parts of our lives. Fear was never meant to be our daily fuel but it was meant only for danger. Today you walk around the township and you see salons everywhere operating in shacks and yes, they get clientele like any registered business. But now 90% of those salons are run and owned by Mozambican nationals. Don’t get me wrong, not that there’s anything wrong with that, it just makes me wonder why our South African people are complaining about unemployment when there are business opportunities everywhere! Read the full story

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Jumpstart Your Empire


 

Ever dreamt of becoming a self-made millionaire, but failed before you even launched your brilliant idea? Many young people run successful businesses but there are many more that battle to jumpstart their empires. Setting up a business, especially in its early stages, is not for the faint-hearted. Youth find it particularly challenging to translate their business ideas into feasible and profit making businesses and without the right guidance, information and tenacity it is harder to succeed.

Before you venture into starting your business ask yourself, “Am I persistent, ambitious, committed, a self starter and willing to take risks?” There are no blueprint requirements or rules to what makes a successful entrepreneur but you need to be sure in what you want because you do have a lot to lose. You also need to have researched the industry that you would like to join. Is there any money to be made in the short or the long term? Do you need any licenses to operate? One can’t expect to plant a tree today and start enjoying the fruits it bears tomorrow the same principle applies when you venture into business. “About 80% of all new small businesses fail within the first five years. Wanting to be your own boss isn’t enough to make you successful” – SA Business Warrior

Tips and tricks to jumpstart your empire:
Know which company structure you want to adopt: Sole proprietor / Sole trader this is best suited when you would like to provide a service and your business is not asset driven and the owner is the sole employee. Income accrues directly to the owner and there are no complicated statutory returns other than meeting basic legal and tax requirements. Closed Corporation this popular and widely used structure gives a business a separate legal identity without the formalities of the Companies Act that governs (Pty) Ltd companies. Partnership best suited when you would like to have partners to share responsibility. This form of structure is formalised by a contract.

Religiously attend networking sessions: This provides a platform to put your foot in the door. Networking sessions are also low cost advertising strategies, it is not often that you can tell people about who you are and what you do without a formal appointment and fear of rejection. Remember to print enough business cards and exchange with as many people as possible.

Get operational quickly: The least complicated profit making business is selling or reselling. Research and find out what products are needed or can be brought closer to your community. You will then be able to make profit right from the beginning and this can be used as start up capital.

Join you local chamber of commerce: This is one of the best ways to get exposure and meet potential clients. This way you can even find companies in the same industry and learn from their strengths and capitalize on their weaknesses.

Monitor the growth of your company: steady growth is preferable over fast growth. Explosive growth would require more financing and more support staff. Slower growth reduces the amount of funding that you will require.

Choose to under-staff: In the inception of your business the entrepreneur must be the chief sales person (limit the amount to two and not more than 3). You must be able to play all the roles that entail keeping your business a float i.e. the cleaner, the receptionist, the tea girl/guy the messenger, the proof reader, the debt collector, the sales guy (etc).

PLAN, PLAN, PLAN and PLAN: Not every business requires funding. So before you quit your 9-5 make sure that you have enough saved to cover your costs when business is not making any profit. In the long run, what matters is not the fancy corner office or title. It’s the profit that you will use to pay your bills, grow the business even larger and secure the self-made empire you always wanted.

Remember in order to succeed you need to love what you do and trust that you can do it!
Next up we look at how a business plan can be the road map to your success.

By Lerato Makgobatlou
JCI Mogale City

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A Second Look at First Impressions


When going for your first interview, one of the keys to your success is your first impression, which occurs in the first 30 seconds.

I recall a time when I was conducting interviews for an entry level position in my department. We were looking for individuals with little or no experience, but the standard was set quite high. With six interviews set for the morning, I was really sure I would be blown away, based on the CVs of the shortlisted candidates. The first candidate kept me waiting while she finished a conversation about the night before with her friend on her cell phone. She failed to recognize my presence and continued until her battery died. I gladly conducted the interview but kept it brief as I was annoyed by her arrogance. As the day progressed and the interviewees got worse, I wondered whether I had high expectations or whether people do not take themselves seriously.

Prior to your interview you need to make sure you do the following:

Research: Research the company and what it specialises in, when it was started and the organizational structure. Knowing as much about the company sets a good first impression. This creates the platform for you to ask the right questions.

Always bring a copy of your CV: It is always professional to have a professionally printed and stapled copy of your CV when you attend any interviews. Having your CV with you sets the impression that you know how to present yourself effectively.

Timing: Ensure that you make the necessary arrangements for you to get to your interview on time. If you are not familiar with the area the offices are located in, allow yourself plenty of time in case you get lost. But earlier isn’t necessarily better. If you arrive more than 15 minutes early and beeline for the reception area, your interviewer might feel rushed and you might appear desperate. Ideally, you should check in five to 10 minutes early and always be courteous and professional to everyone you meet – you never know how much influence the receptionist may have on the hiring decision. To make sure that you set a good first impression, make sure you call before hand to confirm your interview.

Dress code: Dress to impress, don’t over-dress or under-dress. Like it or not, you will be judged on your appearance. Never wear anything sloppy, tight or revealing to an interview. If you have researched the company well enough you would have noted the dress code the company follows. High quality, tailored business suits are always appropriate for both men and women. Don’t forget the details: Make sure your shoes and any other accessories are clean and polished. Don’t over accessorize with your perfume, make sure your hair is simple and keep your makeup minimal. Cover any tattoos, and limit visible piercings to one in each earlobe.

The perfect handshake: When you are introduced to your interviewer, never offer a limp hand shake as you send out the message that you are meek, don’t squeeze too tight either as this sends the message that you are overly excited or desperate. Shake with a firm grip which conveys confidence and authority. If you are not sure, practice with a friend until you get it right.

Focus on how you speak: Using the interviewer’s name or how they introduced themselves to you, illustrates how well you were paying attention. When asked a question, ensure that you answer precisely. If you do not understand the questions, do not be too afraid to ask for clarification. Whilst you speak or answer any questions, don’t go on about your personal life. Stick to information about your professional and academic background.

Body language: Ensure your body language signals your confidence and your professionalism. Sit upright and don’t slouch. Avoid crossing your legs or adopting a casual position. It’s true that interviews are very nerve-wrecking, however, don’t fidget, play with your hair or twirl your eyes. Make sure you keep constant eye contact with the whole panel of interviewers.

Remember all of the above points in order to set a good first impression; you never get a second chance to make a first impression.

By Lerato Makgobatlou
JCI Mogale City

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Kasi Times Supports Global Entrepreneurship Week 2010


Global Entrepreneurship Week

In support of Global Entrepreneurship Week 2010, Kasi Times will launch the Kasi Business Connection (KBC) at Two Tone Lounge in Daveyton.

The Kasi Business Connection is a platform for innovative entrepreneurs and aspiring business owners in emerging markets to interact, share ideas, business principles and referrals, and network. We work together to realize the full potential of young people and create a vibrant youth sector, which is responsive and eager for change and development. This is an exciting time to be involved, to discover opportunities, to learn and experience new things, and connect with the community.

The Kasi Business Connection sessions will be held monthly, drawing in young go-getters with a drive to make their mark in business and seeking motivation and direction. Our networking sessions inspire young people to acknowledge the power of their potential in their lives and business. Read the full story

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The Business Leadership Forum


The Business Leadership Forum (BLF), which consists of business people from various professions, is a vibrant, growing forum of business networking professionals in Soweto. They believe in business-to-business networking and aim at building sustainable long-term relationships with each other. Read the full story

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Know Your Network


We spend a lot of money on marketing and advertising efforts to get new business. These efforts are often very difficult to measure in terms of return and are pretty costly. The biggest oversight a lot of people make is not to look at your own personal network as a source of business. Read the full story

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Business Start-Up Basics: Is Entrepreneurship For You?


Many people dream of owning and running their own business and, despite the risks, growing numbers are taking the big step towards realising that dream. In business, there are no guarantees. There is simply no way to eliminate all the risks associated with starting a small business – but you can improve your chances of success with good planning, preparation, and
insight. Start by evaluating your strengths and weaknesses as a potential owner and manager of a small business. Carefully consider each of the following questions: Read the full story

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