Articles Tagged with: sme
Entrepreneurial Bootcamp series in Mozambique

The Micro, Small and Medium Enterprises (MSME) sector is crucial to Africa’s growth, currently contributing more than 45% to employment and 33% to GDP (source: ADB). However, SMME’s in Africa face growth, viability and sustainability challenges. Despite Mozambique’s commitment to growing and supporting their country’s SMMEs, these firms continue to face an extremely hostile business environment, including lack of skilled staff, burdensome regulations, tough local economic conditions, lack of finance and the high costs associated with expansion, marketing or employing staff.

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Why small businesses fail

Success in business is never automatic. It isn’t strictly based on luck – although a little never hurts. It depends primarily on the owner’s foresight and organization. Even then, of course, there are no guarantees.

Starting a small business is always risky, and the chance of success is slim. According to the U.S. Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years.Read More

One Simple Business Strategy That Will Save Your Start-up From Failure

by Ramon Nuez Jr. @Addicted to success

When you are feverishly building your start-up, there are 1 million things that must be done. And if just one of those million things is off by just a fraction of a millimetre — failure. As an entrepreneur, you are frequently courting failure, and because of the ever-present chaos, you are trying to do everything yourself. Why, because no one can do the job better than you.

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ABOUT KBA Africa

KBA Africa is an African Business Incubation organisation specialising in accelerating the growth and increasing the success rate of start-up and early stage Small and Medium Enterprises.

The KBA Africa Business incubator programme helps develop and support current and new entrepreneurs to start-up businesses and equip them for survival, longevity and growth as sustainable businesses....

FIND US AT
  • 12 North Road, Dunkeld West Johannesburg 2196, South Africa
  • +2782 818 5344
  • info@kbaafrica.com

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