{"id":8531,"date":"2021-03-18T08:26:22","date_gmt":"2021-03-18T06:26:22","guid":{"rendered":"https:\/\/xneelo.co.za\/insights\/south-african-entrepreneurs-share-their-best-advice\/"},"modified":"2024-04-05T12:40:39","modified_gmt":"2024-04-05T10:40:39","slug":"south-african-entrepreneurs-share-their-best-advice","status":"publish","type":"post","link":"https:\/\/xneelo.co.za\/insights\/south-african-entrepreneurs-share-their-best-advice\/","title":{"rendered":"South African entrepreneurs share their best advice"},"content":{"rendered":"

Advice from other small business owners can be invaluable to the success of your own business. <\/span><\/p>\n

That’s because the advice given comes from the best possible place \u2013 the real experiences of those who overcame the same challenges you’ll face on your journey. It can foster growth, learning, and shared support within the small business community. Plus, building relationships with peers in similar industries can open doors for collaborations, partnerships, and shared resources.<\/span><\/p>\n

In the spirit of e-commerce, and enabling small business owners, we asked South African entrepreneurs to share the best advice they\u2019ve ever been given. Here\u2019s what they had to say. <\/span><\/p>\n

Plan well<\/span>
\n<\/span><\/h2>\n

\u201cThe most common feedback from start-up business owners is that they underestimated the set-up costs and the time it would take to start generating real profit. Do your costings and projections conservatively using a \u2018worst-case scenario\u2019, and then build in a little extra just in case.\u201d<\/p>\n

Sue Torr \u2013 Crue Invest<\/a><\/p>\n

As a small business owner, one element of your business you have to have a good handle on is your finances. But <\/span>finance for entrepreneurs<\/span><\/a> can be very confusing. While small-to-medium enterprises (SMEs) are generally innovative and quickly bring new ideas to the market, they also face significant challenges that include start-up funding, managing expenses until profitability is reached, and surviving uncertain economic conditions. <\/span><\/p>\n

Generally, the first five years of business are the most difficult, with stats revealing that 50% of small businesses fail within this period. One of the main reasons is the lack of upfront and ongoing financial planning. <\/span><\/p>\n

Choose something you\u2019re passionate about<\/span><\/h2>\n

\u201cWorking hard and smart and on something meaningful is what entrepreneurship is all about.\u201d<\/p>\n

Nic Haralambous \u2013 nicharalambous.com<\/a><\/p>\n

Starting a business isn\u2019t a decision to take lightly<\/span><\/a>. While it might seem wonderful to have the freedom of not being tied to an office job, or getting paid for something you love doing, there are practical considerations you need to face head-on. The most important ingredient in any new business venture is perseverance. It\u2019s a lot of hard work in the beginning, but if you commit to your business and accept that each failure is a learning opportunity, you\u2019ll be able to grow and develop your new venture into a successful business. <\/span><\/p>\n

Learn from the people around you<\/span><\/h2>\n

\u201cPeople are going to come and go in your business and each one will bring a new lesson. If you create a culture and stick to your values, the right people and customers will be attracted to that and will find you\u201d. <\/span><\/p>\n

Emma Donovan \u2013 <\/span>Yellow Door Collective<\/span><\/a><\/p>\n

You\u2019re not going to be able to do it alone. You\u2019ll need mentors, partners, customers, like-minded business owners and a <\/span>community<\/span><\/a> around you. The sooner you learn how valuable other people are, the sooner you can focus on attracting \u2013 and keeping \u2013 the right ones. <\/span><\/p>\n

\u201cWhat makes a company special is the people and the values. Explore your whole business and tap into all the clever people around you\u201d.  <\/span><\/p>\n

David Pugh \u2013 <\/span>RCL Foods<\/span><\/a><\/p>\n

Keep learning<\/span><\/h2>\n

\u201cSurround yourself with people who will sharpen you\u201d.<\/span><\/p>\n

Hishaam Solomon \u2013 Red & Yellow<\/a><\/span><\/p>\n

You\u2019ll never know it all. Even if you\u2019ve been in business for many years. Embrace this fact. A healthy state of constant improvement will ensure you\u2019re always open to new ideas and continuous learning. <\/span><\/p>\n

Build trust <\/span><\/h2>\n

\u201cAt first, I didn\u2019t fully realise how much I\u2019d value my team. Building trust is paramount to their happiness and the success of your business\u201d. <\/span><\/p>\n

Ben Symington \u2013 <\/span>Symlogia<\/span><\/a><\/p>\n

No matter how big or small your business, your company culture should always value, and create, trust. A trusted environment promotes and encourages collaboration and is especially vital in a creative space. <\/span><\/p>\n

Building trust in a business isn\u2019t always easy and will require consistent effort. Be honest about your expectations from your team and support them in their needs. Make sure that the behaviour you\u2019re looking to create is represented in everything you do.  <\/span><\/p>\n

Rest and reflect<\/span><\/h2>\n

\u201cEmbrace the concept of rest, recovery and reflection as essential parts of one’s progress towards a successful and ultimately happy life\u201d. <\/span><\/p>\n

Elzarie Barnard \u2013 OWSD SA<\/a><\/span><\/p>\n

We\u2019ve been conditioned to think that busy means productive. And that the only way to be successful is to constantly be productive. But rest is the secret to entrepreneurial success. You need time to rest \u2013 to pause, to think, to re-evaluate your next steps. Make sure you take time to let your mind rest \u2013 and reflect \u2013 on what really matters and what\u2019s helping your business grow. <\/span><\/p>\n

Wherever you are in your business journey, xneelo is here to support you with <\/span>insightful help and advice<\/span><\/a>. Not sure where to start? Why not download a copy of our new, free e-book.  Together with <\/span>Heavy Chef<\/span><\/a>, we\u2019ve compiled our most helpful advice on how to craft your brand, build your website and create content. We cover everything from sharing your content, expanding your reach and connecting the dots, one step at a time. <\/span><\/p>\n

Ready to start reading? Download <\/span>\u2018An entrepreneur\u2019s guide to going digital\u2019<\/span><\/a>.<\/span><\/p>\n","protected":false,"plain":"Advice from other small business owners can be invaluable to the success of your own business. <\/span>\n\nThat's because the advice given comes from the best possible place \u2013 the real experiences of those who overcame the same challenges you'll face on your journey. It can foster growth, learning, and shared support within the small business community. Plus, building relationships with peers in similar industries can open doors for collaborations, partnerships, and shared resources.<\/span>\n\nIn the spirit of e-commerce, and enabling small business owners, we asked South African entrepreneurs to share the best advice they\u2019ve ever been given. Here\u2019s what they had to say. <\/span>\n

Plan well<\/span>\n<\/span><\/h2>\n

\u201cThe most common feedback from start-up business owners is that they underestimated the set-up costs and the time it would take to start generating real profit. Do your costings and projections conservatively using a \u2018worst-case scenario\u2019, and then build in a little extra just in case.\u201d<\/p>\n

Sue Torr \u2013 Crue Invest<\/a><\/p>\nAs a small business owner, one element of your business you have to have a good handle on is your finances. But <\/span>finance for entrepreneurs<\/span><\/a> can be very confusing. While small-to-medium enterprises (SMEs) are generally innovative and quickly bring new ideas to the market, they also face significant challenges that include start-up funding, managing expenses until profitability is reached, and surviving uncertain economic conditions. <\/span>\n\nGenerally, the first five years of business are the most difficult, with stats revealing that 50% of small businesses fail within this period. One of the main reasons is the lack of upfront and ongoing financial planning. <\/span>\n

Choose something you\u2019re passionate about<\/span><\/h2>\n

\u201cWorking hard and smart and on something meaningful is what entrepreneurship is all about.\u201d<\/p>\n

Nic Haralambous \u2013 nicharalambous.com<\/a><\/p>\nStarting a business isn\u2019t a decision to take lightly<\/span><\/a>. While it might seem wonderful to have the freedom of not being tied to an office job, or getting paid for something you love doing, there are practical considerations you need to face head-on. The most important ingredient in any new business venture is perseverance. It\u2019s a lot of hard work in the beginning, but if you commit to your business and accept that each failure is a learning opportunity, you\u2019ll be able to grow and develop your new venture into a successful business. <\/span>\n

Learn from the people around you<\/span><\/h2>\n

\u201cPeople are going to come and go in your business and each one will bring a new lesson. If you create a culture and stick to your values, the right people and customers will be attracted to that and will find you\u201d. <\/span><\/p>\n

Emma Donovan \u2013 <\/span>Yellow Door Collective<\/span><\/a><\/p>\nYou\u2019re not going to be able to do it alone. You\u2019ll need mentors, partners, customers, like-minded business owners and a <\/span>community<\/span><\/a> around you. The sooner you learn how valuable other people are, the sooner you can focus on attracting \u2013 and keeping \u2013 the right ones. <\/span>\n

\u201cWhat makes a company special is the people and the values. Explore your whole business and tap into all the clever people around you\u201d.  <\/span><\/p>\n

David Pugh \u2013 <\/span>RCL Foods<\/span><\/a><\/p>\n\n

Keep learning<\/span><\/h2>\n

\u201cSurround yourself with people who will sharpen you\u201d.<\/span><\/p>\n

Hishaam Solomon \u2013 Red & Yellow<\/a><\/span><\/p>\nYou\u2019ll never know it all. Even if you\u2019ve been in business for many years. Embrace this fact. A healthy state of constant improvement will ensure you\u2019re always open to new ideas and continuous learning. <\/span>\n

Build trust <\/span><\/h2>\n

\u201cAt first, I didn\u2019t fully realise how much I\u2019d value my team. Building trust is paramount to their happiness and the success of your business\u201d. <\/span><\/p>\n

Ben Symington \u2013 <\/span>Symlogia<\/span><\/a><\/p>\nNo matter how big or small your business, your company culture should always value, and create, trust. A trusted environment promotes and encourages collaboration and is especially vital in a creative space. <\/span>\n\nBuilding trust in a business isn\u2019t always easy and will require consistent effort. Be honest about your expectations from your team and support them in their needs. Make sure that the behaviour you\u2019re looking to create is represented in everything you do.  <\/span>\n

Rest and reflect<\/span><\/h2>\n

\u201cEmbrace the concept of rest, recovery and reflection as essential parts of one's progress towards a successful and ultimately happy life\u201d. <\/span><\/p>\n

Elzarie Barnard \u2013 OWSD SA<\/a><\/span><\/p>\nWe\u2019ve been conditioned to think that busy means productive. And that the only way to be successful is to constantly be productive. But rest is the secret to entrepreneurial success. You need time to rest \u2013 to pause, to think, to re-evaluate your next steps. Make sure you take time to let your mind rest \u2013 and reflect \u2013 on what really matters and what\u2019s helping your business grow. <\/span>\n\nWherever you are in your business journey, xneelo is here to support you with <\/span>insightful help and advice<\/span><\/a>. Not sure where to start? Why not download a copy of our new, free e-book.  Together with <\/span>Heavy Chef<\/span><\/a>, we\u2019ve compiled our most helpful advice on how to craft your brand, build your website and create content. We cover everything from sharing your content, expanding your reach and connecting the dots, one step at a time. <\/span>\n\nReady to start reading? Download <\/span>\u2018An entrepreneur\u2019s guide to going digital\u2019<\/span><\/a>.<\/span>"},"excerpt":{"rendered":"

Advice from other small business owners can be invaluable to the success of your own business.  That’s because the advice …<\/p>\n","protected":false},"author":7,"featured_media":12017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"lsx_disable_title":"0","_searchwp_excluded":"","inline_featured_image":false,"footnotes":""},"categories":[1519],"tags":[],"content_group":[6405,6399],"class_list":["post-8531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advice"],"acf":[],"yoast_head":"\nSouth African entrepreneurs share their best advice - xneelo Insights<\/title>\n<meta name=\"description\" content=\"In the spirit of e-commerce and enabling small business owners we asked South African entrepreneurs to share the best advice.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/xneelo.co.za\/insights\/south-african-entrepreneurs-share-their-best-advice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South African entrepreneurs share their best advice - 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