ENTREPRENEURSHIP: Six ways to raise your kids to be entrepreneurs

kid

We as South Africans – especially the youth – can no longer rely on someone else for financial and career security. We should try to train as many young minds to become entrepreneurs so they can create jobs. We look at six things to include when teaching your kids about entrepreneurship.

STEP RIGHT UP: This week in Finweek

050614FWM001_LOW

In the 5 June edition on Finweek, we bring you the latest market insights, investment advice, entrepreneurship stories and a word of warning. Find out what to expect here.

TED Tuesday: Choice, happiness and spaghetti sauce

Malcolm Gladwell

If someone put a gun to your head* and asked, “What makes you happy?” would you be able to answer? According to today’s TED Talk, most people won’t be able to articulate what they want in order to be happy. What does that mean for developing a business, making customers happy or making a new product?

ENTREPRENEURSHIP: A business plan is not enough

Entrepreneur thinking

Through the years entrepreneurs have come to rely on business plans to plot a trajectory for their small businesses. However, with more and more companies offering business plans on behalf of entrepreneurs, a new approach is needed to ensure that the entrepreneur is ready for the arduous journey to success.

ENTREPRENEURSHIP: Getting the youth involved

entrepreneur

Africa has the biggest youth population globally, but a comparatively small number of young Africans embrace entrepreneurship. Although many young people feel positive about the concept of starting a business, a fear of financial failure is standing in the way of more innovation, according to Amway South Africa’s Raj Parshotam.

INFOGRAPHIC: Medical marijuana in numbers

medical marijuana statistics

In this edition of Finweek, journalist Glenda Williams looks at the economic potential of legalising medical marijuana. This infographic illustrates the earning potential of marijuana and how legislation can change the economic outlook for many South Africans.

TED TUESDAY: African innovation to solve real problems

TED

In this TED Talk, South African technology journalist Toby Shapshak makes a case for African innovation and how it’s changing the world. A must-see talk for South African innovators, inventors and entrepreneurs.

ENTREPRENEURSHIP: How to raise a million

Marc+Elias

This week Finweek is all about making a million. In our cover story various industry experts gave us tips on raising a million. Here we speak to Seed Engine’s Marc Elias about raising a million in funding for your business.

ENTREPRENEURSHIP IDEA: How to navigate securing finance for your business in 2014

Debt

A common issue raised among local entrepreneurs is the ease of access to business finance, which is often criticised due to the difficulties experienced when attempting to secure funding to either establish, or grow, a business. The reality is that there is money available for entrepreneurs with the right idea.

University grows small business academy in Mitchells Plain

R1000

The University of Stellenbosch Business School (USB) will extend its Small Business Academy (SBA) to Mitchell’s Plain in 2014. This follows the huge interest from all areas after the first group of small business owners from Khayelitsha graduated in November this year.