Startup Mzansi is the gateway to South Africa’s entrepreneurial ecosystem! We’re here to point you in the right direction, eliminate barriers, and champion your needs to private and public sector partners. A big part of this is connecting you with support organizations and programs from across the country that can help you in your entrepreneurial journey. #startupmzansi

Finding finance has always been a bottle-neck on South Africa's entrepreneurship and this can be attributed to many factors. The duty of an entrepreneur lies not in seeking funding to start but in growing their enterprises.

Despite concerns, young startups are putting in the extra work and getting creative to fund their dream projects by holding a second job (42 per cent) and paying themselves below market wage (48 per cent of those who pay themselves a wage). To finance their startup, young startups are leveraging personal savings (52 per cent), borrowing from family and friends (8 per cent), accessing angel investment (7 per cent), using crowd funding platforms (4 per cent), accessing traditional bank loan financing (4 per cent), or venture capital financing (3 per cent).

As compared with previous generations, millennials are more likely to leverage venture capital (7 per cent compared to 5 per cent) and are twice as likely to leverage crowdfunding (4 per cent compared to 2 per cent), whereas others are twice as likely to leverage traditional bank loans (4 per cent compared to 8 per cent). In terms of sources of cash flow, 45 per cent of startups have used credit cards and 33 per cent have leveraged lines of credit.

#startupmzansi #financeinsights #startupinsights

We now offer full qualifications accredited by the QCTO. #newventurecreation #startupmzansi #skillsapp

https://www.skillsapp.co.za/co....urse/fetc_new_ventur

 

www.skillsapp.co.za

Further Education and Training Certificate: New Venture Creation | SkillsApp

This 12-month online course carries 149 SAQA credits. It is invaluable to any entrepreneur wanting to open a new business or manage and grow an existing business.

Pitch competitions for kids

Our Lessons culminate in pitch events where learners pitch their products/prototypes/ideas to an audience within potential investors.

Entrepreneurship for Kids

We believe that it is never too early to help our kids to develop an Entrepreneurial Mindset. Our book series caters to younger learners and teaches the following:

Curiosity

Growth Mindset

Redefining Failure

Problem Solving

Opportunity Seeking

Persistence and Grit

Financial Literacy

Creativity

Adaptability

Empathy