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South Africa

How to scale up your business

BY 

We look at what it takes to grow a start-up business. The biggest obstacle to scaling a business is often the entrepreneurs themselves, says Harry Welby-Cooke, Southern African Co-Master Licensee of ActionCOACH. “Start-ups are fast-moving, dynamic and chaotic,” he says. “That chaos can be a drug. You need to remove the chaos to scale, and so for entrepreneurs, the biggest challenge is often learning to let go.” Entrepreneurs’ identities may be tied to what they do – whether they’re chefs or software developers but to scale their businesses, they need to move into business-owner mind-set, Welby-Cooke says. Stacey Brewer, CEO and co-founder of SPARK Schools, says: “There’s no more winging it. You have to evolve from having control over every area of the business, to implementing policies and procedures, hiring people and letting them make mistakes.”

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Ethel Nyembe on the importance of investing in yourself

BY 

Shifting careers can be somewhat a daunting prospect, but many people, like Ethel Nyembe, do it successfully. It either works out or it doesn’t. Before moving to the banking sector, Ethel Nyembe worked in the media industry. Her career in the media spanned over a decade and included working for the SABC. She also worked in print media, doing different things, before moving on to banking. “The change in career was not necessarily about moving to banking, but about using my skillset in a different industry,” she says. The mother of two boys says adjusting from working in the media industry to the banking sector was not that challenging.

“There are many similarities between the two industries. People are people no matter where you go. I continued to use my skillset. But each industry has its own nuances,” she says. Nyembe says she spent time upskilling herself and improving herself so that she could be better at what she does. “The key learning is the ability to understand the various aspects involved in making sure you know what success looks like, whether its within the industry, or from an organisational perspective,” she says.

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Thandiwe Makhanya, a passionate and high energy entrepreneur on a mission to create great events and marketing activations for client brands

Getting brands and messages out to key audiences and markets is key to any customer centric brand, but the key to success is creating experiences that connect the right customers to those brands and products. For entrepreneur Thandiwe Makhanya, this is where her specialist company, A.T.L Events and Promotions, comes in with the solutions.

What does your company do?

We are an events, promotions and brand management company.

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International Investors Looking At South Africa Tech Companies

By Staff

Law firm Baker McKenzie has released its latest quarterly Cross-border M&A Index, showing a massive drop in the number of inbound M&A deals across Africa and South Africa – but there’s a positive spin for the SA tech sector. According to the report, there were 17 inbound M&A deals in Africa in the second quarter (Q2) of 2017 – a 48 percent drop from 33 deals in Q2 2016. The total deal value for inbound deals amounted to US$780 million, decreasing by 83 percent year-on-year and 88 percent on a quarter-by-quarter basis.

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