Being young, black, woman, etc is not a competitive advantage. BBBEE policy is an enabler, not your sustainable competitive advantage.
It is about giving buyers what they perceive as superior value compared to the offerings of rival sellers or giving buyers the same value as others at a lower cost. Find out how Starbucks did it.
company’s strategy provides direction and guidance, in terms of not only what the company should do but also what it should not do. Knowing what not to do can be as important as knowing what to do, strategically.
In the banking sector I find FNB to be one innovative organization, and in the media (TV) I find MojaLove , fairly new as it is, to be one of the next sought after channel in South Africa for its authentic content.
A network is a community, and a networth is a personal thing. Unless if you’re involved in a stokfel with the people in your network, then maybe…
In South Africa, people get into entrepreneurship in 3 ways and each entry point distinguish them:The unemployed, The Self-employed and the Problem Solvers
There’s more to business than a business plan , and there’s more to a business plan than using it to charm funders.
Putting away my view regarding tenderpreneurship, which is something I will never encourage someone to venture into, I must say I’m glad that some entrepreneurs are finally smelling the coffee, and realizing that tenders don’t build sustainable businesses.
This question is very vital for startups because failure to identify where your value lie, you’re bound to make costly mistakes.
To stay in business, you need to earn an economic right.You are not only in competition with your immediate rivals, and as much as that sounds overwhelming it is also an advantage for you-you have more than one leverages.