Starting your own business: Tips on how to get started

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01 September 2021 - 16:00Supplied/Standard Bank

Small and medium businesses will be the engine of SA’s growth. It’s an area of the economy that presents the biggest opportunities for growth and employment in SA. Entrepreneurship is worth considering, especially for younger citizens. Understandably, the thought of becoming an entrepreneur can be intimidating. To start a business, you need more than a good idea. You need a product or service to sell or supply, a space and tools to make or provide it, customers to buy or use it, marketing material to spread the word about it, and resources to pay for it all.Put togetherto help articulate the need your business is trying to address - leveraging templates from sites such as the BizConnect platform.

“During these tough economic times, it’s important for young people to rely on their own skills and get their own businesses off the ground,” says Naledzani Mosomane, head of banking propositions at Standard Bank.

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