Business wellbeing

Four steps to create an inclusive work environment for your business

Business owners are lucky that they create their own work environment, unlike managers in large corporations who step into rigid, pre-created cultures. However, many business owners allow the working culture in their businesses to flow organically from their personality, without giving much thought to how it could be perhaps better engineered. Kgomotso Ramoenyane, executive general manager: human resources at Business Partners Limited (BU...
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Gap between male, female entrepreneurs still shrinking

If there is a single figure that illustrates the force that women are becoming in the South African economy, it is that no less than 41% of the clients of Business Partners Limited (BUSINESS/PARTNERS) are women-owned small and medium enterprises. Of the R310m invested by BUSINESS/PARTNERS in the women entrepreneurs in the 2016 financial year, a remarkable number went to women-owned small and medium enterprises (SMEs) in the traditionally m...
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Juggling a business and family

Find out how you can strike a better balance between running a thriving business, while maintaining a happy household. Women are known to be the master multi-taskers in society, experts believe that there is no such thing as 'multi-tasking'. No one can do 10 things at once, which is why many women feel frazzled more often than not. If you're trying to be everything to everyone, here are some ways you can find some sort of balanc...
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Finding a female mentor

It's no secret that women think and behave differently to the not-so-fair sex and it's no different when it comes to business. It's one reason why you may want to consider finding for a female mentor. As a woman entrepreneur, you may feel you'll benefit more from learning from a woman with years of experience in an often male-dominated business world. Not only do you 'speak the same language', but there will also be an immediate sense...
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A patient but unbending will needed for gender equality in entrepreneurship

South Africa is no exception to the world-wide phenomenon that women, who represent more than half of the population, are still in the minority when it comes to entrepreneurship. For every ten South African males who are entrepreneurs, only eight women are. Mjadu reckons this ratio masks an even deeper inequality. Research all over the world shows that when it comes to power entrepreneurship – high-growth, substantial businesses – female ent...
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SA still ranks poorly when it comes to high-growth female entrepreneurs

More than half of the world’s economies don’t foster high-growth female-owned businesses. This was a finding in the 2015 Female Entrepreneurship Index (FEI) which revealed that 47 of the 77 countries surveyed scored below 50 points. From a local perspective, South Africa ranked 36th out of 77 countries with an FEI score of 44.2. In comparison, the United States ranked 1st with an FEI score of 82.9. Gugu Mjadu, executive general manager of ...
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BUSINESS/PARTNERS seeks to drive local female owned businesses with launch of new fund

Business Partners Limited (BUSINESS/PARTNERS) today announced the launch of a R250 million Women in Business Fund at its annual Women’s Month seminar. Aimed at increasing access to finance for female entrepreneurs, the Fund seeks to afford South African women a fair and equal opportunity to start, expand or purchase an existing business. The Fund will offer finance between the value of R500 000 and R50 million per investment over a five year f...
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Business Organisations and Associations for Women

Black Business Women's Association The Black Business Women's Association (BBWA) was formed to help previously disadvantaged businesswomen so that they could share their mutual learning and experience with each other. The organisation has formalised the business activities of black women in South Africa to ensure and encourage networking and access to business opportunities. Membership Benefits Training in understanding various investmen...
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Some pointers on getting into business

Two of the major reasons why businesses are failing are because of the recession or a new competitor entering the market. Unfortunately, in small business success is based how the enterprise is managed, and that means it’s all about the entrepreneur. But, does this mean that when a business fails, the entrepreneur is incompetent? Not necessarily. Let’s look at a scenario. When you worked in a corporate environment you were surrounded by spec...
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My 5 tips to make more money

Making more money is on every wish list of all entrepreneurs, but it’s not so easy. However, sometimes it is just about applying pure common sense. The answers are often right under your nose and you just do not see or realise it. There are two sides to making more money: the one is to introduce new initiatives and actions to improve the profitable, the other side is a matter of losing less money. What I mean is you need to stop losing money t...
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