Posted by Bruce Wade on Friday, December 31, 2010,
In :
Entrepreneurship
Wow, what a year for small business. The
world over was darkened with the financial recession and slow down of spending
but we have seen some exceptional growth in some small businesses. Cape Town
has risen to the task and been able to produce some brilliant development in
the ICT sector with growth up by huge margins, not only in sales but employment
as well. We survived the World Cup, Malema and the Vuvuzela.
Our members list looks a lot different now
than it did 12 months ago. We have se...
Posted by Bruce Wade on Tuesday, December 28, 2010,
In :
Entrepreneurship
A fresh new look for our website and a set
of new focused offering for our members in 2011. Take a look through what we
now do, it is better, faster and a lot more results orientated for you, the
business owner and entrepreneur.
We have added some additional services and
our new resource page will be up soon with some great content for sale to build
a better you and business.
We are in negotiation with some people to
come aboard as full and part time staff, so keep close for new announcemen...
Posted by Bruce Wade on Tuesday, December 14, 2010,
In :
Techno Tuesday
If you are like me and suffer from techno
challenged parents who seem to be unable to grasp simple concepts like IM on FB
or simple site builder issues on an iframe gui interface, then help is at hand.
Google, bless them for their creative work,
have come up with a solution for techno-idiots (still love you mum).
Check out teachparentstech.org and see how
easy it is to teach someone about techno stuff. Simple enter their names,
select what you want them to learn and email a set of cool easy...
Posted by Bruce Wade on Friday, December 10, 2010,
In :
Entrepreneurship
I am meeting a couple of people these days who have put so much effort into 2010 that they look and feel like our poor chicken here. It has been a rough year, especially for those in small business. But we have also seen some great results with our EI members. We have successfully started businesses, re-engineered a few more to become more focused and profitable. Raised money for others and graduated some to be able to run on their own. We are also tired and weary but the future looks like a ... Continue reading ...
Posted by Bruce Wade on Friday, December 10, 2010,
In :
Entrepreneurship
The South African Venture Capital
Association met this month in Cape Town to discuss the results of a recent
survey done on the state of investment into business by these funders. Here are
some of those results:
33 funds surveyed recording 251 VC transactions (2000
to July 2010); 7 in 2008.
R2.6 billion invested in the VC asset class (2000 to
July 2010).
60% of transactions by private VC fund managers, 5%
Angels and 35% government backed VC fund managers.
Posted by Bruce Wade on Friday, December 3, 2010,
In :
Entrepreneurship
We speak about finding your sweet spot, the place where you can do and be what you we built for. Once in this spot you can develop a business around this and you will never have to work a day in your life again. All very well but not as easy as it seems. We have taken many people along this journey and assisted many now business owners to do just this. We came across this recording of Jim Collins talking to a group of School leavers about what he calls the Personal Hedgehog.
Posted by Bruce Wade on Wednesday, December 1, 2010,
In :
Entrepreneurship
We are busy developing a series of short educational videos for our online Academy and thought it may be in the spirit of Christmas to give you a little teaser and allow you to watch the first video in the Business Plan series. Take a look and let us know what you think. The whole package will consist of 6 videos and a downloaded handbook. So here it is enjoy
The basic formula for running a business is
to make good on the RIO or Return On Investment. This is a simple calculation
done by most business owners and investors. ROI = (net profit before tax / capital
and reserves) X 100. Simply put, how much money did I make from the money I put
in, expressed as a percentage. It is important to monitor this periodically so
that you see your investment grow and your cash flow stay positive.
We came across another formula, ROE or
Return On Ego, this week....
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Looking ahead to 2011: I have some key
phrases that we will be focusing on for the year:
Wow, what a year for small business. The
world over was darkened with the financial recession and slow down of spending
but we have seen some exceptional growth in some small businesses. Cape Town
has risen to the task and been able to produce some brilliant development in
the ICT sector with growth up by huge margins, not only in sales but employment
as well. We survived the World Cup, Malema and the Vuvuzela. 
