Venture Fund

Taking your business concept to market

When you talk to those who want to get into business they normally have stars in their eyes. Dreaming of the millions they are going to make. That’s great and it indicates a sense of passion and drive. The question aspirant entrepreneurs should ask themselves is what type of business should I start? Many want to do something completely unique. Something radical, something that is new to the market. There is nothing wrong with this but one ne...
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Do you need a mentor?

When it comes to finding accurate information about starting or running a business, it can be hard to know who to ask or where to look. Reading and researching are a very good place to start, but it can be even more valuable to find an expert who can give you face-to-face advice. As an entrepreneur, it's important that you establish a "database" of information sources that can help you run your business effectively. This could be other small b...
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Avoiding the pitfalls of an uncertain business world

As Youth Month comes and goes every year, the lamentations over South Africa's high youth unemployment reach a crescendo, together with calls on young people to start their own businesses. But somehow not enough is ever said about the serious survival gear needed by anyone venturing into their own business. The business world is an uncertain place, says Byron Jeacocks, Business Partners regional general manager, who, as an experienced financier ...
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Evolving work environment driving young entrepreneurs

Stepping out from a corporate environment into a new entrepreneurial venture can be daunting, especially for younger entrepreneurs, as by doing so, they are leaving behind a steady pay check, the social office environment, as well as the security of having a team of colleagues to seek advice and assurance from. It is equally daunting for young people to step out from the security of a university or technical college into the often lonely and unc...
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Entrepreneurial development key to boosting economic growth

Levels of motivation to start a business differ around the world, and in South Africa entrepreneurship is often necessity driven due to businesses being created as a result of a need for employment, rather than because the business owners view the business as an entrepreneurial opportunity. According to Christo Botes, Executive Director of Business Partners Limited, in order to shift necessity-driven entrepreneurship to opportunity-driven entrepr...
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Mentor becomes young entrepreneur’s ‘business mom’

By the age of seven, Mmabatho had already decided that she was going to lead a life of entrepreneurship. Mmabatho Mokiti Mathemaniacs Mmabatho Mokiti would have survived in business – probably even thrived - without the advice and guidance of a mentor, but the 27-year-old entrepreneur from Johannesburg is adamant that signing up with a professional business advisor was one of the best things she did since starting her business three years ago. ...
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SA’s young entrepreneurs urged to seek out advice before funding

Traditionally, June or Youth Month is synonymous with increased calls by influential industry players for South Africa’s youth to start their own businesses and subsequently create more jobs. According to Byron Jeacocks, regional general manager for Business Partners Limited, while these calls are necessary, young entrepreneurs still need to exercise caution when starting a business and should make use of fellow business owners as mentors, as w...
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Build your own support network

The business support landscape in South Africa for young entrepreneurs is like the business world itself: it is teeming with opportunities, but you will have to seek them out yourself and build your own support network. Nobody is going to hand it to you on a silver platter. For decades, various spheres of government, corporates and development organisations have been setting up “one-stop shops”, “help desks” and “local business service ...
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Investing in our youth to help business flourish

South Africa’s established business owners, no matter how old they are, have a lot more to do with youth entrepreneurship than meets the eye, and it not only relates to the fact that many of them are hoping their children will take over the business one day. Dave Morobe, Business Partners Limited Regional Manager, says business owners have both a vested interest in encouraging young South Africans to become entrepreneurs, and a responsibility ...
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