![]() With 37% of South African adults owning a smartphone and 4G coverage between 35 and 53, the flexibility this adds to you and your business shouldn’t be understated. This means that entrepreneurs can access their information from anywhere in the country (or indeed the world) and on any device. When you tether too many systems to the office server, it can leave you without access to vital information and applications on the move.īut the advent of mobile technology has changed the way we work, and cloud platforms have made it possible to maintain these systems without physical servers. I’ve never had an investor in my company, and I’ve never regretted that: my business isn’t beholden to milestones, obligations, or anything but my own vision.Īs revolutionary as technology has been for businesses, in some respects, it has become something of a crutch. Starting lean not only allows you to get off the ground straight away, it gives you greater control over the future direction of your company. See also: Your Business Is Not Too Small For You To Start Giving Back.Today if you want to start a retail business, you can set up an ecommerce website for a lot less than the cost of a bricks and mortar shop, and even take pre-orders for stock so that most of it is paid for before it arrives. However, the idea that you need investors to launch a business in 2017 is a myth that can distract entrepreneurs from their end goal. ![]() Rather than growing your new business, you would have to spend your time developing a compelling pitch to attract the necessary finance. Starting a business used to be an expensive process involving courting investors and saving enough cash to secure equipment, personnel, and an office to put them in. In short, there’s never been a better time to start your own business. Enhanced flexibility is encouraging superior innovation and empowering newbie entrepreneurs to take risks. In South Africa today, we have millennials starting businesses alongside their 9-5 jobs and retirement-aged baby boomers launching new ventures in their twilight years. And where work-life balance, buy-in costs, and time-consuming processes were once enough to put off prospective business leaders, technology has either smoothed over these problems – or eliminated them entirely. Being an entrepreneur is always about two things: having the idea and wanting it enough. Why sacrifice the stability of a job for the uncertainty of entrepreneurship? How do you juggle the demands of a business with the demands of your personal life? How can you reasonably afford the start up costs?īut while these are valid concerns, they’ve never been valid excuses. Starting a business can be a daunting proposition for many would-be entrepreneurs, and if you look for reasons not to, you’ll find hundreds.
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