Vuka Mentorship Programme for Entrepreneurs

rochemamabolo

D-3opxeXkAATeX9.jpg-large

Why should I have a Board of Advisors?

Entrepreneurship can be a very lonely journey.

When you don’t have the right support system, the hardships you encounter on the road can be extra challenging.

There are times where you wish you can have someone to talk to, someone who understands what you are going through.

You have this idea and you need someone to bounce it off on and get objective and informed advice.

You have a major decision to make and you need a sounding board to advice you on the best decision to make.

You are confused by the number of things happening in your business at the same time, and you don’t know where to start to sort out the mess.

The business is struggling and you need ideas on how to take it make it work.

You have been running your business for a while and…

View original post 941 more words

Mistakes Entrepreneurs Make #5: Growing too fast

Growth is good, but growing too quickly is dangerous. When you grow too fast, you risk running out of cash because you have had to pay too many suppliers as a result of your expansion. Rapid growth usually means rapid consumption of cash. When you spend money quickly, you can't be sure you are spending…

Clubs that do not accept you

  There are many who live by the Groucho Marx quote: “I don’t want to belong to any club that will accept me as a member.” The principle here is that you should always be “reaching” for something better, exclusive clubs. This makes sense in some contexts but, like most popular quotes, is horrible advice…

A good end

The song The show The joke The speech The story The conversation The journey If you have a good end you are always going to want to do it.  

Advice I wish I got early…

The advice I wish I received when I graduated: Get out of the hyper-competitive "life hack" frame of mind. Get out of the lust for what society defines as "success." When you finish college/university, there is this pressure to get into this competitive world of trying to prove that you have arrived. The pressure is…

Inner peace

In one of my favorite movies, Kung Fu Panda 2, Master Shifu attempts to teach Po [the Panda] the concept of inner peace. What follows is a an entertaining and meaningful movie about Po understanding his past and learning to accept it, leading to inner peace. I have thought about the inner peace idea from…

Sawubona Podcast Series: Mr. Luvuyo Rani

He started Silulo Ulutho Technologies with his brother in 2004 after leaving teaching to be an entrepreneur. 15 years later they have 43 one stop shop IT centres in 3 provinces [Western Cape, Eastern Cape and KwaZulu-Natal] and employ over 250 staff. He has seen it all, from one of their franchise stores being set…

Simple dreams

For the most part, dreams we had as kids were simple. It is unlikely our dreams involved anything along the lines of “being in the C-suite,” “having a high net worth,” or similar. Instead, they were more likely about being a teacher or policeman or doctor or being the kind of person that helped people.…