Thursday, March 7, 2019

small business ideas for men

small business ideas for men

Stronger Together: How Female Entrepreneurs Thrive in Kenyan Slums - Forbes

Posted: 06 Mar 2019 01:58 PM PST

This article is part of a series: Spotlight on Female Entrepreneurs in Africa, for International Women's Day. #BalanceforBetter

Female entrepreneurship rates in Sub-Saharan Africa are the highest in the world, according to the Global Entrepreneurship Monitor. One in four adult woman is engaged in early-stage entrepreneurial activity in the region. The statistics however may mask the challenges that female entrepreneurs face, especially those coming from low income backgrounds living in slums.

In the Kenyan capital city, Nairobi, close to 60% of the city's population (2.5 million people) live in slums. While slums are hotbed for entrepreneurial activities as people innovate out of necessity, there are a myriad of challenges facing female slum-dwellers in entrepreneurship. Lack of access to finance is a big challenge, as 51% of women have account access compared to 75% of men in Kenya. Women also spend more time than men on unpaid care responsibilities, especially as 60% of Kenyan women are likely to be single mothers before they reach 45.

Most women in sub-Saharan Africa gain access to finance through mobile phones. Transactions through mobile money platforms form close to half of Kenya's GDP. (Photo credit: ISAAC KASAMANI/AFP/Getty Images)Getty

Social entrepreneurs like Allie Amoroso, Co-Founder of ROSE, and her Co-Founder Patrick Juma, are working to enable female entrepreneurs thrive in the most challenging of circumstances. From their experiences in Mathare slums, there are three key ingredients enabling female entrepreneurs living in extreme poverty to thrive.

The ROSE Women Entrepreneurs programs provide community savings programs, micro-loans, business skills training, and life skills coaching. Since 2016 it has trained over 220 women in 12 small business groups.ROSE

The first, and most important ingredient, is community. ROSE, which stands for Restoration of Sisters in the Extreme, believes that entrepreneurship support needs to go beyond supporting the individual entrepreneur, but enabling the whole community to work together. "We are a sisterhood, a community learning and growing together for the benefit of all women. In our governance structure, we have the ROSE Counsel, elected by the women we work with. The Counsel determines our vision, goals and projects." Since 2016, they have worked with over 200 women in 12 small business groups, and all groups grew their group savings from zero to around 800 dollars in two years. The savings then are used towards paying school fees for their children, as well as investing in new projects started within their community, with micro-loans between $50 to $250.

The second ingredient is education. "We have found that many of our women need education on basic business principles in order to present their business ideas in a viable and investment worthy way," said Allie Amoroso. Yet, different from other entrepreneurship support programs, ROSE ensures that the curriculum is decided by the community themselves, and that the women who have been trained go on to become trainers for other women. "Joanne and Lilian, who joined us in 2016, are both members of our ROSE Counsel now and mentor upcoming ROSE Women leaders. Empowerment of ROSE women is most successful when innovation comes from the inside out and the woman running the show is someone who was once in the audiences' shoes."

75% of Kenya's populations are under 30 years old. By empowering these women entrepreneurs, their children also get educated.ROSE

The final ingredient is innovative tools. One of the challenges for women living in poverty is balancing their care burden with business needs. Teaming up with innovative startups from Allie's contacts at Silicon Valley, ROSE has recently started an Artificial Intelligence (AI) chatbot, Rosie. "Rosie is being piloted with ROSE as a tool for tracking cash flows and profit/loss on a weekly basis for ROSE business groups. We then realised that the women also need a way to find resources that can help them with their daily lives, such as 'where do I take my child to the hospital'." Rosie is still being piloted but Allie has found that the women entrepreneurs are asking for more interaction time with Rosie.

Allie draws on her experience and contacts gained from leading the Oracle Startup Ecosystem, to bring innovative tools to ROSE's programs.

There is a famous African saying, " When you want to go fast, go alone; when you want to go far, go together. " The story of ROSE and the ROSE women is one that challenges our preconceived notions about entrepreneurship – it is more about the community than the individual. Entrepreneurship should be about constantly enabling others and giving back.

If you are interested to learn more about ROSE's work, please visit 

The New Deal Wasn’t What You Think - The Atlantic

Posted: 06 Mar 2019 03:00 AM PST

The term Green New Deal might remind Americans of high-school history class. What was the original New Deal about, again? Most kids are taught that it was a decidedly left-wing project to end the Great Depression, a series of big-spending government programs such as the Public Works Administration, with its schools and stadiums. That impression colors the debate over the Democrats' important new proposal: Conservatives warn of catastrophic federal debts while liberals insist that top-down investment was and is crucial to managing disaster.

But the high-school narrative is not quite right. It leaves out the parts of the New Deal that encouraged private investment.

At the center of this other New Deal was the Reconstruction Finance Corporation (RFC), an independent agency within the federal government that set up lending systems to channel private capital into publicly desirable investments. It innovated new systems of insurance to guarantee those loans, and delivered profits to businesses in peril during the Depression. Unionists, farmers, and consumers benefited as well, all without the government needing to spend a dime of taxpayer money.

The story about the New Deal we have in our heads—that it was tax-and-spend liberalism at its worst (if you are conservative) or best (if you are liberal)—may obscure policy opportunities today. We can spend taxpayer money to address climate change, and we probably should, but that is not the only option. If we are going to fund a Green New Deal, we need to acknowledge how the original New Deal actually worked.

After the stock-market crash of 1929 and the mortgage crisis of 1932, bankers' capital sat idle. "Our excess reserves are very big," James Perkins, the head of National City Bank wrote to his colleague Amadeo Giannini, the head of Bank of America in 1934, and "it is almost impossible to find any use for money in credits that we are willing to take, and the rates are terribly low." Perkins's situation was not unusual. According to Perkins, excess reserves across the country totaled more than $1 billion (in 1934 dollars). The country's banks and corporate coffers overflowed with capital that financiers felt unable to invest profitably. Without an outlet for those funds, even the still solvent banks would fall apart eventually—and so would the country. Capitalism depends on the investment and reinvestment of capital.

President Franklin D. Roosevelt's genius was that he knew he had to get capitalism moving again. But the man who actually figured out how to do that was, ironically, inherited from the Hoover administration: Jesse Jones.

Under Hoover, Jones was appointed to the Reconstruction Finance Corporation, which was tasked with recapitalizing regional banks. Like the other men on Hoover's RFC, Jones was a banker—he was president of the Texas Commerce Bank system—but he was also a prominent real-estate developer and an original investor in the company that became Exxon. When FDR came to power, he promoted Jones, who had been a Democrat since the heady populist days of William Jennings Bryan, to the head of the RFC. Jones understood well the need to take risks, and how risk-averse the world of finance had become during the Depression; his basic mission was to restore safe, long-term investment opportunities.

Jones focused first on housing. He appointed James Moffett, a vice president of Standard Oil of New Jersey, as head of the Federal Housing Administration. With the assistance of National City Bank employees "loaned" to the FHA, Moffett and others designed mechanisms to channel the money sitting in banks back into the world in the form of mortgages. Their key innovation was to have lenders chip into an insurance pool, organized by the federal government. If a borrower defaulted on a mortgage, the lender would be paid out of the pool in low-yielding bonds. The lender would not lose the principal of the mortgage, but neither would the lender have an incentive to do business with the obviously uncreditworthy.

The FHA-administered insurance pool made mortgages safe for banks again. Moffett correctly predicted, as he issued the first FHA guidelines, that "an investor in New York City or Chicago will be able to advance money on a home in Texas or California … with a sense of security quite as great as would be the case if the property were in the next block." The loans started small—home-modernization loans of only a few hundred dollars—but within a year, the FHA insurance program was backing loans on houses across the country. In a few months, FHA programs lent more money than the Public Works Administration spent during the entire decade, and put some 750,000 people back to work.

The FHA, as I have previously written, preserved private enterprise while accomplishing a public good. No lender had to comply with the FHA, but if he did, his business was easier to conduct. Risk-free loans with guaranteed buyers provided a strong—yet noncoercive—incentive to lend private capital. The government issued no loans and paid for no insurance, while creating new markets for lenders.

Following on the success of the FHA, in 1935 Jones created the Rural Electrification Administration as a subsidiary of the RFC. Jones asked Morris Cooke, an engineer and consultant and the head of Philadelphia's public works, to be its founding leader. Cooke was skeptical of the motives of business owners who held "a belief in the absolutism of private property." The financially driven "holding companies" that controlled "76 per cent of the two billions of capital invested in electric light and power companies" were more concerned with maximizing profit than the needs of the people. Cooke was not opposed to profit—as long as it did not stand in the way of progress.

The stumbling point for rural electrification had always been the perceived expense. No utility would string all those lines for just a few customers. All that empty space would eat up the profits. Private utilities estimated that rural electrification would cost $1,350 a mile. Cooke, unlike most Washington politicians, had spent his life reducing costs, even when supposed experts told him it wasn't possible. He figured the real costs were much lower, and as it turned out, Cooke was right—the actual cost per mile was only $850.

Getting to that lower number took some imagination. Private utilities would not bear the expense of rural electrification, so Cooke had to look elsewhere. He didn't believe, as did WPA head Harold Ickes, that capitalism had failed—in his view only the utility companies had. Having the government build the lines was the position of "extremists," and he was no Communist.

Cooke found a middle path between big corporations and big government in the form of rural cooperatives. While urban cooperatives in industrial America had fitful starts, rural cooperatives had been a big deal since the late 19th century. They pulled together agricultural crops, branded them (think Sunkist), and then sold them around the world.

Under Cooke, the REA offered new cooperatives 20-year loans, at an interest rate of 2.88 percent—a number set to the government's cost of borrowing through the RFC. The REA accepted applications from proposed cooperatives and examined the proposals for "economic and engineering feasibility." It did not manage the actual work. It just provided the capital and the technical support, empowering Americans to get together and take control of their local economy. The REA also made five-year loans available "to finance the wiring of the farmsteads and the installation of plumbing systems."

Later on, these cooperatives were denounced as "communist" by utilities, but they were anything but. Their work made possible the modernization of the American farm and farmhouse, which in turn made it possible for rural America to buy electrical goods from private companies. They also returned a modest profit to the RFC.

What's more, once the REA demonstrated that rural America could be cheaply electrified, other entrepreneurs took notice. Rather than "crowding out" private initiative, government provided an example that worked. Most small businesses, then and now, are imitative rather than innovative. That is fine. Small business can replicate best practices rapidly through the economy, which is exactly what happened in rural America. Installment lenders stepped in to provide new services, and even the electrical utility companies began to string lines out into the country.

As late as 1935, 90 percent of rural homes had no electricity. By 1940, 40 percent of rural America had electricity—a rise of 30 percent in only a few years. Ten years later, in 1950, 90 percent had electricity.

Housing filled a social need, and rural electrification enabled country folk to buy electrical goods. But to really get the economy on a sounder footing, New Dealers would have to encourage investment in new industries, an imperative that dovetailed with the need to prepare for war with the Nazis.

While it is now conventional wisdom that World War II ended the Depression, amateur historians rarely consider the contrary example of World War I, which brought not prosperity but ruin. The aftermath of World War I was recession everywhere, and in rural America, the recession began in 1920 and did not end until after World War II. The disparity lies in the fact that, in World War I, firms invested their own capital to expand weaponry production, only to confront the collapse of demand a year and a half later with the armistice. Manufacturers were left with overflowing inventory and a demilitarized America.

In the run-up to World War II, private companies were not going to get suckered again. And banks couldn't stomach investing the money necessary for war. The government, for its part, did not want to spend billions of dollars on state-owned weapons factories, which smacked of the fascism they sought to fight. Besides, they needed those billions to buy the guns and pay the soldiers.

Somehow, however, the country had to prepare itself, and to develop advances in aerospace in particular—still a new sector but of increasingly obvious utility for the war effort. So the RFC did for planes and other instruments of war what it had done for houses and electrification: It created channels for capital investment through the Defense Plant Corporation (DPC).

Like Jones, the people behind the DPC were not ideologues but practical men and women from both management and labor. William Knudsen, the president of General Motors, who had helped organize the first Ford production line, was there. The president of a major railroad, the Chicago, Burlington and Quincy Railroad, Ralph Budd was on the committee too, as well as a vice-president of Sears, Roebuck. Labor was represented by none other than Sidney Hillman, the famous unionist who helped draft the National Labor Relations Act. The DPC even had lifelong activist reformers, including Leon Henderson and Harriet Elliot. It was a committee that reflected an alliance of interests between labor, capital, and the state.

These men, and one woman, positioned the DPC as an intermediary between investors and borrowers, providing capital for planes and munitions in two ways: the first as a lender, and the second through tax benefits. The loans originated with the RFC, which shunted the money through the DPC to the manufacturers. In some cases, the government nominally owned the plants, but private companies got the profits, managed the facilities, and, after the war, bought the plants. The tax benefits came in the form of accelerated depreciation schedules for war-time plant investment. Firms could normally deduct depreciation—the loss of value in equipment—from their taxable incomes, but only over a long period of time, usually 20 years. The DPC lobbied for five-year depreciation timelines, so that firms could quickly write off the entire cost of their investments. Over the course of the war, this dual system directed $25 billion into manufacturing.

Nothing had ever been attempted on this scale before—or succeeded so well. While the FHA and REA were crucial for the economy, the DPC channeled the equivalent investment of 25 percent of the entire GDP in 1940. DPC financing added the equivalent of half of the entire prewar manufacturing capacity to the country by the end of the war.

DPC financing reoriented the entire economy. Aerospace, which absorbed three-fifths of all DPC loans, went from making a few thousand planes in 1939 to nearly 100,000 planes by 1944. By 1943, 40 percent of the Los Angeles workforce—about 2.1 million people—worked for an aircraft company. Curtiss-Wright grew from a small firm to being second only to General Motors in size. In the postwar period, aerospace became one of America's largest industries, and it attained that size through DPC financing.

During World War II, the GDP, in real terms, doubled. After the war ended, it continued to grow at a breakneck speed, because wartime investments paid off.

Under Jones, the RFC worked across economic scales, from local construction contractors to giant corporations. It did not try to fulfill a particular utopian vision of how the economy "ought to be" but worked within the system to fix the system. It relied not on abstract economic ideas like socialism or capitalism, but on practical business methods. And it worked. There was no single magic bullet, but a portfolio of opportunities.

Under Jones, the RFC did not ask Congress for money. It could borrow billions from capital markets or banks. And borrow it did. But with Jones at the helm, overall, it made money. The RFC developed different projects that turned cutting-edge technology into self-sustaining commercial enterprises. Nervous businessmen said it couldn't be done. Jones—and the rest of the RFC agencies—did it anyway.

These financial lessons of the New Deal have been largely forgotten, overwritten by the story of "big government spending"—celebrated by the left and denounced by the right. Yet they're worth dredging up. They provide many examples of how to harness private capital for public good, and help promote free enterprise, entrepreneurship, and technological innovation.

The government can spend taxpayer money on the Green New Deal (and it should), but direct spending is not the only option, and if the New Deal is a good guide, not even the most important option. Government power lies not just in spending, but in helping businesses overcome risk-aversion and finance new opportunities for growth. As we imagine policies to fight climate change—certainly as crucial as fighting World War II—let's remember how the New Deal really worked, so that we can do it again.

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75 small business ideas in South Africa that actually work -

Posted: 14 Feb 2019 03:54 PM PST

People no longer want to retire at 60 and after that spend the rest of their lives counting on their failures and lost opportunities, solely depending on pensions. For this reason, several people are now interested in activities that directly feed the passions that make life worthwhile. While the career market remains a conventional way of earning a living in the 21st century, it is proving ineffective for some constraints that override its convenience. Are you one of the persons considering a venture instead of a full-time job? What are some of the most lucrative small business ideas in South Africa? Read on!

75 small business ideas in South Africa that actually work

Source: UGC

We live in an incredible era mushrooming with business opportunities that require minimal investment. Most of these businesses are not only cheap to start but will let you work from the comfort of your home. So, what are the most successful small business ideas? South Africa is now ripe for cutting edge investments at low startup costs. Most interesting is that some businesses will only require a set of vocational skills and an internet connection. Let us now concentrate on some of the highest paying small business opportunities that you can start right away and achieve your lifelong dreams.

READ ALSO: 15 best Business opportunities in South Africa to start with

75 best small business ideas in South Africa 2019

What are the best business ideas? It is challenging to settle down on the most profitable business opportunity when there are thousands of suitable alternatives. As such, the list of small businesses in South Africa provided below should help you make an informed decision in your entrepreneurial prospects.

1. Virtual or personal assistant

Providing professional assistant services both online and offline is a well-paying business opportunity for an individual with unique skills in particular areas of interest. However, less prevalent in the country, these jobs attract high paying clients ranging from small business to corporates. Unlike their counterparts, virtual assistants enjoy much freedom in getting to decide on factors such as clients, working hours, and hourly pay rates. Start the venture by setting up your online profile and search for potential clients through common services such as

2. Hairdressing services

With a salon or hair cutting experience, you can launch this business opportunity for a financial breakthrough. Consult with the local authority for state requirement compliance. You can as well establish yourself as a makeup artist or even start a massage parlor. If you cannot afford to rent a place, you can be mobile in providing these services.

3. Interior designer

The desire for comfort and luxury drives homeowners and business merchants to decorate their homes such as to share their vision statement. Start by finding out what clients want and compare it with what you can afford to offer based on your skills and financial ability. You should be passionate and well versed in this line of business.

4. Electronics repair services

Repairing electronics is a well-paying service that feeds several South Africans. The business is rapidly becoming necessary as technology continues to expand in computing, phone, camera, television, and speakers among other electronics.

5. Social media consultancy

Social media is not only changing the way we interact but conduct commercial activities as well. Almost every South African is an active user of prominent social media platforms such as Instagram, Facebook, Twitter, and WhatsApp among others. You can take advantage of the ever-growing online community by establishing your brand as a social media influencer. If you do not have the right skills to start this venture, you can look out and complete professional courses offered by Google and other affiliates concerning the niche. The possibility of this business opportunity is limitless and will undoubtedly earn you highly. There are social media management tools already available in the market to make your work accessible and more comfortable.

6. Tutoring services

Tutoring services for both children and adults are always on demand. There are many clients in South Africa looking to study the second language or need experts in a particular subject of study. Tutoring is convenient because you can do it at people's homes and any other convenient setup for that matter at a reasonable fee.

7. Grocery delivery services

The service is high on demand by individual customers and big supermarkets. It is an interesting business to pick up since some people are too busy to run all the errands, and such will become some of your happiest customers. Even more interesting, you can couple the business with other well-paying opportunities in the delivery line.

8. Gardening and lawn care

Both gardening and lawn mowing are highly rewarding businesses which run throughout the year, earning you good returns. Besides, you can carry out concurrent business in herb farming, raking, and snow removal when lawn mowing or gardening are not at their peak. The business is highly dynamic and suitable for both rural and urban setups, only taking up little space.

9. Developing chatbots

It is interesting how much technology has influenced modern day commercial activities. Let us check the facts; a decade ago businesses needed websites following which the need for portable phone apps took over. Apparently, every company needs a way to engage live customers through instant messaging platforms. If you own relevant skills in AI and chatbots, why not sell your skills for lucrative pay? You can also learn to utilize free design tools to harness the opportunity while it is still ripe.

10. Marketing services

With some skills and knowledge in marketing, you can start a well-paying business. The high entrepreneurial competition calls for intricate marketing skills to stand out in the market. If you feel you are eligible to help organizations market their services and products, then hit the road with a digital marketing agency. Besides influencer marketing, there are boundless opportunities you can start with as you build your brand. If you are skilled in search engine optimization, then this is a business niche for you.

READ ALSO: 50 best money quotes of all time

11. Affiliate marketing

This business is not only easy to start but also easy to run. Affiliate marketing entails promoting company services and products at a commission. Start by selecting a product which you like and then start pushing it for a profit. It is arguably more accessible to start an affiliate marketing business if you have a website. Have a means of proving your success through statistics if you can persuade potential clients to use your service.

12. Become an assistant or seller at eBay

Unlike affiliate marketing, eBay sellers promote and sell products to clients. You can opt to sell for self or on behalf of others at a commission. It is worth noting that the jobs come with risks, but it is well paying if you can pick the right distributors and secure your banking details while online.

13. Graphic designer

75 small business ideas in South Africa that actually work

Source: UGC

Technology is taking over the world with high paying jobs like graphic design. Companies are interested in branding, making the service on demand. People skilled in applications such as Photoshop and Illustrator can conveniently start a business as graphic designers. Besides branding, you will design logos, information sheets, letters, advertisements, newsletters, and magazines.

14. Tax consultant

Strategize yourself as a tax consultant and attract good pay to companies that want their taxes prepared and filled. Such is a necessity to enable companies to shift their attention to routine operations. The business requires relevant training and expert skills in the accountancy and taxation field.

15. Blogger or vlogger

Blogging and vlogging alike require people with expert knowledge in a particular field. While it is fun to share what you understand better, you will be attracting some good pay. Grab a high-resolution camera and start a vlog where you will share information in the form of videos. With a blog, you only need to set up your blogging site and prepare engaging content.

16. Editorial services

You can start an editorial business right away at no cost and turn it to a lucrative business in the short run. Some of the services that sell well in this business include ghostwriting, indexing, proofreading, magazine article writing, and copywriting among others.

17. Meal planning

Several people are looking for meal preparation experts who have insights on a balanced diet and confidence in the kitchen. This is one of the food business ideas in South Africa that requires you to possess skills in coming up with ingredients, creating recipes, elaborate the nutritional value of servings, and stay within a prescribed budget.

18. Online photo selling

75 small business ideas in South Africa that actually work

Source: UGC

The niche is highly suitable for professional photographers with a limitless passion for quality pictures and videos. With a camera and a computer, you can launch this ever on-demand business opportunity. Take several high-quality photos and place them on sale for potential clients to buy them.

19. Translator

If you are proficient in specific on-demand languages, then this is a business opportunity for you. Interestingly, you do not need any form of investment to begin this business but stand a chance to earn huge returns of about $40,000 annually. Most clients prefer to contract translators for agreeable courses.

20. Survey taking

Surveys are a good alternative for a steady income stream, especially when signed with multiple employer sites. Most of these surveys will take a minimum of your time and come with good returns. Some of the prominent survey job sites include MySurveys, Global Test Market, InboxDollars, Harris Poll, and EarningStation.

READ ALSO: How to trade online

21. Direct sales representative

The traditional door to door sales however less prevalent in these days is a well-paying job. Identify a successful brand and become a sales representative. Working for leading companies such as Mary Kay, Tupperware, and Avon will not only earn you good returns but also expose you to the business world.

22. Currency trading

It is now manageable to become a currency trader compared to the recent past when it was reserved for tycoons. With several guide materials such as magazines and tutorials, the business could turn out to become your thing. Master basic analytic skills and technical skills before venturing into currency trading business. All you need is a phone, computer, or tablet.

23. Plan projects and events at a fee

Events and project planning requires a hands-on approach and can be executed remotely. The business falls in work from home category. It is, however, necessary to engage your clients at an individual level at hotels, their offices, homes, and even cafes.

24. Computer trainer

Several seniors are developing interests in acquiring technological skills which were hardly accessible in the past. Young people also provide a broad market for upcoming technologies, which are showing no signs of stopping, but rather becoming the tradition. You can train your clients on how to use their windows or mac computers among other applications. You can as well specialize in simple computing applications such as emailing and internet.

25. Become a property manager

Help your clients manage their properties and make sure they are running smoothly at a fee. Present your contacts as a primary communication channel for clients to access different services. By maintaining the properties well and responsibly, you will attract even more clients to your venture.

26. Courier services

The demand for courier services is at its peak given that more and more people relocate to urban setups. Establish your business and provide pickup and drop services to interested clients. Set a reasonable fee to attract more clients to your business.

27. Life coaching

With a proven track of the record, you can show your success by training others for a living. People aspiring to travel in your path will be more than willing to hear concerning your experiences, successes, and failures as a lesson for them. You can as well offer coaching and mentoring services to people interested in mastering specific mental and emotional skills.

28. Laundry services

75 small business ideas in South Africa that actually work

Source: UGC

This is one way through which you can make fast money in South Africa. In starting the business, you do not need to learn additional skills except for a few requirements. Depending on your financial capability, you can set up a laundry shop or carry out the business on a domestic basis. The returns vary considerably based on your location and population.

29. Caregiving services

Caregiving services guarantee good returns both in the short run and the long term. Start by pursuing professional training and other certification programs. The fees are often negotiable and based on the level of operation. Caregiving is easy to start and sustain as long as you have a passion for the niche.

30. Babysitting services

This business is as old as childbearing, making it a profitable and sustainable business for passionate business persons. Hit the road and make money through babysitting. Seeking advice from experienced persons will help you be an excellent baby sitter. Similarly, you can work as a nanny or tutor depending on the level of your skills.

READ ALSO: Famous South African role models

31. Childproofing services

Most traditional living areas in South Africa are more hazardous for growing children. If you are trained in childproofing, take your best foot affront for some returns. The business is more paying to the service providers with proper certification.

32. Taxi or personal driver services

If you have a good driving record, then hit the road and become a personal or taxi driver. Both men and women can take advantage of this business opportunity which is slowly becoming institutionalized. Join Uber or hire out your car and driving services to earn good returns.

33. Bicycle repair

75 small business ideas in South Africa that actually work

Source: UGC

Several university and high school students find it convenient to use bicycles when commuting to school. Every so often, bicycle consumers among them professional cyclists require bicycle repair services, making it a good business to invest in.

34. Daycare services

Most parents are now becoming busier, focusing on their careers, and thus making it harder for them to attend to their children fully. Opening a daycare in your neighborhood or a town set-up will attract several children whose parents are willing to pay for care-giving services.

35. Bridal concierge

Weddings and associated planning are tedious and often beyond the ability of both the bride and groom. If you have excellent organizational skills, you can tap into this field and build a strong portfolio in this high paying business opportunity.

36. Tour guide

You can convert your knowledge concerning a tourist attraction phenomenon or site by becoming a tour guide. You can charge people for tours in your neighborhood where you have enriched historical and background information.

37. Makeup artist

75 small business ideas in South Africa that actually work

Source: UGC

Charge people for perfecting their appearances and looks. You may receive well-paying clients including public figures and other invitations. The business requires relevant certifications, so get trained and offer this service professionally to make an earning out of it.

38. Digital media conversion

As technology unleashes new features and gadgets, it is time you recycle those old CDs and DVDs to save critical data. Find clients and help them transfer information contained in these mediums to computing devices for easier retrieval.

39. Packing services

People are always on the move, making professional packing a good business as you help them pack their belongings safely. Help the relocating tenants save time while moving to their new houses and homes. The business is now on demand and will pick up faster than you may think.

40. Dog trainer, groomer, and walker

Dogs are the most common pets, making it a profitable venture to specialize in their care. Besides dog walking and training, you can provide dog sitting services to help busy clients manage their pets without stress.

READ ALSO: Inspiring Nelson Mandela quotes on education, leadership and life

41. Become a personal chef

Some people have money but do not have enough time to attend to their kitchen chores, which may include but not limited to cooking, vegan dishes, and diet meals for patient cases. You can earn a living by attending to the personal chef opportunity.

42. Massage therapist

75 small business ideas in South Africa that actually work

Source: UGC

Seek for licensing to become a massage therapist. While passionate people succeed the most, anyone can master the business with some training and experience. Acquire the necessary massage products before you can attract your first client.

43. Home inspector

Become a home inspector and earn money. Besides looking around people's homes, you will enhance networking and uphold positive relationships for success at your work. Many large homes and estate setups often require home inspectors.

44. Professional photography

Besides selling photos online, you can practice your professional photography skills at family events or even weddings for a pay. Set up and reasonable fee, advertise your services and deliver projects within the deadline to attract more clients for a higher wage.

45. Referral services

People are always interested in accessing good services from plumbers, lawyers, good restaurants, and tourist sites. By positioning yourself as an expert with all the necessary information, many people will happily pay to receive your services.

46. Telemarketing services

small business ideas in South Africa

Source: UGC

Several companies are speedily outsourcing their services in telemarketing. Position yourself as a work from home freelance marketer. Set up customer appointments and develop warm company leads for commercial returns.

47. Online custom tailoring

People are increasingly becoming aware of their looks and the quality of fabrics. Brand yourself as a custom tailor with skills in making simple clothes. Custom clothing industry will sell given the diversity of attired demand based on size, patterns, colors, design, and more.

48. Travel planning

There are several booking platforms available over the web in South Africa. In the current standing, people can flexibly book reservations right from their homes. Unfortunately, very few businesses offer services to help clients make the best choice. Why not try the idea?

49. Call center representative

Call center representatives are on demand in most industries that value customer relations. With a working phone line and computer, you can start the business. The business is cost friendly and time-saving.

50. Sustainability consultant

Green technology is pushing many businesses into safer and more secure practices. As a consultant, you will advise such companies on effective, friendly alternatives in their operations at a fee.

READ ALSO: How to register a business in South Africa

51. Become a video producer

Videography is useful in developing a work from home career. You can help people gain popularity as YouTube celebrities by providing them and uploading quality videos. Besides well-edited videos, you can specialize in adverts and Vlog editing.

52. E-commerce store

With a great product, you do not have to worry about a physical outlet space. It is now possible to sell your product online where marketing opportunities and tools are endless. Establish an e-commerce store and then strategize to become a leading seller.

53. Financial advisor

75 small business ideas in South Africa that actually work

Source: UGC

Financial organization and management are vital for people aspiring to start and advance their businesses. With a certified financial planner certificate, you will attract more clients and increase your earning potential.

54. Website flipping

Website flipping entails the art of acquiring poorly developed sites, improving them through the development and selling them at a higher cost. The business is highly affordable for people talented with a combination of coding and bargaining skills.

55. Resume writer

Not many people enjoy coming up with their resume. Use your skills to brand yourself as a resume writer for an additional stream of income. Come up with reasonable pay rates to help maintain your clients for higher returns.

56. Informational product creator

Place your expertise skills and knowledge in the digital format and sell it to the world. Create an e-book and other related informal content to start attracting your very first earnings. Alternatively, you can write content and sell it on popular sites such as Amazon.

57. Writing business plans

Most small businesses experience difficulties in coming up with business plans. Even more challenging is that the program must compel potential investors to consider partnering with the company of interest. With the necessary skills at hand, your potential clients will give anything to see you create them a winning plan.

58. Internet security consultant

Are you a computer wizard with a specialty in security patches? Partner with different organizations offering consultation services and help them secure sensitive client information from potential hackers, viruses, and scammers.

59. Online dating consultant

Finding a date has become easier but finding the right partner is more challenging than ever before. Position yourself as a marriage and dating consultant and provide helpful tips for people prospecting to find suitable partners for themselves. You can help people update their profiles and matching status.

60. Secretarial services

75 small business ideas in South Africa that actually work

Source: UGC

Remote secretarial services are increasingly becoming fashionable. The idea is suitable for people who share strong communication skills, have good time management habits. Experience is also necessary when venturing into secretarial services as a business.

READ ALSO: List of well known South African entrepreneurs

61. Reviewer or tester

Startups are on the hunt for people to review and recommend their products. You can dive into this lucrative business by approaching the management of setting up your online profile to attract potential clients. You can as well use your blog or Vlog as a platform to share your opinion concerning different products and services in the form of a review.

62. Bookkeeping services

Work from home as a freelance bookkeeper without becoming a certified public accountant. Regardless of whether you are good with numbers or not, you can exhaust online invoicing tools to simplify your work.

63. Sell electronics accessories

Almost everyone owns at least an electronic gadget or two. Take advantage of this overwhelming market by selling accessories such as chargers, earphones, phone cases, and memories among others. It is for sure that the business promises a brighter future in its returns.

64. Google paid ad specialist

Paid internet marketing through ad campaigns is very much rewarding to dedicated persons. You can as well position the business as a source of extra pay. As your consultancy business grows, you will earn much more from your rapidly booming business operations. You can as well become a Landing Page Specialist.

65. Fiverr gigs

First-time individuals with specialized skills can create their profiles at Fiverr to attract potential clients. With some insights and knowledge, you can quickly turn your business into a million dollar business.

66. WordPress website consultant

Many South Africans are expressing interest in blogging. You can build WordPress templates for them or respond to different expert questions that surround WordPress setup, use and applications. Becoming a WordPress agent and consultant is a suitable business.

67. Artwork and collector

75 small business ideas in South Africa that actually work

Source: UGC

Ensemble contemporary artwork for high-end clients who will pay highly for good work. You can as well develop your art and sell it if you are talented. Artworks share not only explicit messages but also communicate creative ideas.

68. Develop an app

If you are a gifted programmer, you can come up with an app that solves an impending problem. If the app gains market success and high reception, you could become the next millionaire. Apps are useful and compare to no other operational platforms in the modern age.

69. Online news correspondent

Apply your journalistic skills working as a news correspondent from the comfort of your home.

70. Patent an idea

Patents pay well to the owners. Come up with an innovation or invention for a lucrative patent.

71. Personal fitness trainer

Become a private fitness instructor and help people lose weight at a fee. You can as well help them maintain a healthy diet.

72. Music instructor

Are you a professional musician or a talented person? Help others learn how to sing at a fee. You can train them on how to play instruments or sing for an exciting effect.

73. DJ-ing

75 small business ideas in South Africa that actually work

Source: UGC

Develop your skill as a DJ and master the art of entertainment for better hit releases.

74. Baking services

Establish a bakery and apply your skills in baking for heightened profits. We all love cakes and cookies for their enriched flavors. Cooking good bakeries is financially rewarding. Cooking is a diverse opportunity that particularly calls for specialized knowledge and skills

75. Freelance content marketing

This business opportunity is both stable and profitable with prospects of improving in the long run. Experienced content marketing freelancers earn highly making the opportunity very competitive.

READ ALSO: Richest South African celebrities currently

There are several small business ideas in South Africa that almost everyone can venture for a steady stream of income. Some of these opportunities come at no cost while others require some form of investment. Which idea excited you the most and what would be a good small business to start? Share your opinion with us in the comments.



4 inspirational female business leaders - Study International News

Posted: 06 Mar 2019 07:03 PM PST

The conversation about the lack of women in STEM rages on, but there are other industries in desperate need of more female representation.

While statistics show that more women than ever before are receiving graduate business degrees from US business schools, women are still struggling to be on equal footing with their male counterparts in the corporate realm.

A study by the Forté Foundation found that women in the US who have graduated with an MBA earn a 63 percent salary bump with their degree, but the gender pay gap with men remains wide and gets worse over time.

The research uncovered "a predegree gender pay gap of 3 per cent, with women lagging men, widened to 10 per cent for the first post-MBA position and 28 per cent for current compensation, adjusted for years of experience."

Elissa Sangster, Executive Director of Forté, urges corporate leaders to rethink promotion and family-leave policies. "An MBA is a great step for so many women to take but it does not necessarily solve all the problems all the way to the C-suite," she said.

This issue is reflected in other countries to. "At a minimum, Canada is the same as the US or potentially worse when it comes to a lot of these gender and career issues," says Sarah Kaplan, Director of the Institute for Gender and the Economy at the University of Toronto's Rotman School of Management.

For minority female executives, the gap is even bigger. The study noted that reported salaries come in at 52 percent less than their non-minority male counterparts.

Despite this gap, women should not be discouraged from studying business and working their way up in their careers.

Rotman MBA candidate Sarah Badun, Vice-President of the school's Women in Management Association and a Forté Fellow, said that, "This is an issue both genders will need to get involved with to close the inequality and close the wage gap.

"We need women to create a community to support one another and help drive change. But we need the support of our male counterparts to recognize these issues, talk about them, support women and help drive the change."

Hopefully, all women can draw inspiration from female success stories, including those who have risen to the top of their respective business fields.

In honour of International Women's Day – which takes place tomorrow, on Friday March 8 – here are four women in business who have excelled in male-dominated fields to become strong and inspiring leaders:

Indra Nooyi


Indra Nooyi is a classic example of a minority woman working her way up a male-dominated field. Source: Fortune

Former PepsiCo CEO, Indra Nooyi made headlines recently when she was added to Amazon's board of Directors.

Her appointment raised the percentage of women on the board to 45 percent, a high for the industry. Among the Fortune 1000 companies, only 25 percent of board seats in 2018 were occupied by women.

It's important that we strive for more female representation on boards, as research shows that having a more diverse Board of Directors can make a business more successful.

Born in Tamil Nadu, India, Nooyi is consistently ranked among the world's 100 most powerful women

She received a master's degree in Public and Private Management from the Yale School of Management in 1978. She worked for Motorola and Asea Brown Bovari before joining PepsiCo in 1994, working her way up until she became the fifth CEO in the company's 44-year history back in 2001.

Indra Nooyi served as a role model for women in business, as well as other industries. According to, Forbes, "She pushed the public to have an honest conversation about the difficult choices many women face in the pursuit of ambitious roles in business and the constant tradeoffs between work and family."

Mary Barra

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Mary Barra is one of the few female leaders in the auto industry. Source: Fortune

As the first female CEO of a major global automaker, General Motors Company, 57-year-old Mary Barra receives the highest compensation ($22 million in 2017) of any leader of a Detroit Big Three automaker.

She started working for the company at just 18 years old as an electrical engineering co-op student with the GM Institute of Technology (now Kettering University),  encouraged by her parents to pursue her passion for STEM.

She was sent by the company to Stanford Business School to earn an MBA when they saw her potential to become a leader. After graduation, she continued to work her way up the company, holding multiple positions such as Executive Assistant to the CEO, Manager of the global HR department, and Senior Vice-President for global product development before becoming CEO in 2014.

Barra was recently listed as Number 5 on Forbes' list of The World's 100 Most Powerful Women. Over the course of her career at GM, she drove the company to new heights, moving them into the tech space with modern ideas such as automated driverless technologies.

GM ranked Number 1 in the 2018 Global Report on Gender Equality, and is one of only two global businesses that have no gender pay gap, an agenda that was pushed by Barra during her long tenure at the company.

Gillian Tans

indra-nooyi-pepsi gms06_a gillians-tans

Gillian Tans is the highest paid CEO in the online travel industry. Source: Thrive Global

Almost anyone who's booked flight tickets or hotel rooms online has come across the popular website, but not everyone knows that the CEO if the company is a Dutch businesswoman named Gillian Tans.

She is currently the highest paid CEO in the online travel industry, and under her tenure, has expanded to more than 10,000 employees in 174 offices worldwide.

She has advanced the company's operations and sales across more than 224 countries and territories, playing an instrumental part in the company's growth from just a small footprint in Amsterdam with a second office in Barcelona since joining in 2002.

Before becoming CEO in 2016, Tans held positions running's Global Sales, Operations, IT, Content and Customer Care departments, working her way up to President and Chief Operating Officer in 2011.

Tans is also passionate about getting more women to be involved in the technology industry. She told Travel Weekly, "Technology is one of the key drivers of social and economic change, and as the CEO of, I am able to play my part in that."

"There are women all over the world who are making an incredible impact in technology every day. However, there is still a strong under-representation of women in tech in general. This needs to change. Not only do we need more women in technology, we also need to see more of these women in leadership roles."

Isabelle Kocher

indra-nooyi-pepsi gms06_a gillians-tans rzquhewzjtmiih8abrmn

Isabelle Kocher is the only woman to head a CAC 40 company. Source: The Times

Kocher, a French businesswomen, is the CEO of ENGIE, the world's largest non-state-owned energy company.

She has tackled climate change issues in several ways, such as implementing a three-year plan to shift the company's portfolio from fossil fuels to renewable energy sources, according to Forbes.

Under her leadership, ENGIE completed the plan ahead of schedule, divesting 20 percent of fossil fuel-related assets.

She is the only woman in the world to run a CAC 40 (a benchmark French stock market index) company.

Kocher holds progressive views on the environment and climate change, stating that "climate change is changing everything."

She said, "It is leading us into a world very different from the one we have known; a world in which – this time round – no one can say "it's not my problem." We are all involved, because this step change encourages everyone to reevaluate their personal lifestyle. The 21st century will mark the end of fossil fuels, which will gradually be replaced by energy from decarbonized renewable resources, such as solar power."

Kocher is also a strong advocate for women at the company, setting targets for at least 35 percent of "high-potential staff" to be women.

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