Bootstrapped & Booming
Entrepreneur Magazine South Africa|December 2018

You don’t need millions in investment (or even thousands) to get a successful business off the ground. With passion, perseverance and a product or service that customers will pay for, you can start a successful business on a shoestring budget.

From USN starting in a small flat in Pretoria with a hand-cranked washing machine to mix product, to UCOOK launching in a garage and sharing floor space with a Chrysler, there are many ways — and many businesses — that you can launch from your home. You just need to get a little creative.

Nadine Todd
Bootstrapped & Booming

THE GIGPRENEUR

LAUREN GOUWS Copywriter and founder of LKM Creative

Despite her best efforts, Lauren Gouws (neé Meikle) was a terrible employee. The commute from Pretoria to Joburg every day was depressing, she didn’t like the fact that whether her workload was high or low she earned the same salary, and she was realising that the inflexibility of an eight to five job didn’t suit her.

So, she did what many budding entrepreneurs have done. One evening, she got home and Googled ‘How to make money online’ — and discovered the world of the gig economy. “I couldn’t quit my job because I had bills to pay and needed an income, but I also knew I wanted to be my own boss,” says Lauren. “You need to be careful, there are a lot of traps, scams and get-rich-quick schemes online. I just wanted to have control over my earning potential. I came across an article that listed ten gig economy websites. Basically, if you have a skill that you can offer digitally, you can sign up to these websites and offer that service — it’s MacDonald’s for services, you place your order and get it within a day or two.”

Lauren is a copywriter, but gig economy sites cater for web developers, consultants, coders, designers, writers and more. “Fiverr is the website I’ve found success on. Within a few hours work started coming in.”

Lauren began her Fiverr journey in September 2015 while she was still working full time. “I couldn’t quit immediately, it was too big a risk, so I spent my evenings on my Fiverr orders and worked during the day. For three months I was sleeping two to three hours a night. I needed to match my salary before I could quit — that was the deal I made with myself.”

هذه القصة مأخوذة من طبعة December 2018 من Entrepreneur Magazine South Africa.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 2018 من Entrepreneur Magazine South Africa.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من ENTREPRENEUR MAGAZINE SOUTH AFRICA مشاهدة الكل
Prepare For The Worst
Entrepreneur Magazine South Africa

Prepare For The Worst

The stronger your business is, the more you stand to lose. Here’s how to spot hidden weaknesses within your operation and steel yourself for unexpected battles.

time-read
2 mins  |
June 2018
Start Planning Today For Future Wealth
Entrepreneur Magazine South Africa

Start Planning Today For Future Wealth

Q&A Budgeting is by far the biggest threat to wealth planning, says wealth coach Nelisiwe Masango. If you’re part of the majority of people who don’t have a monthly budget or who have one, but don’t adjust it regularly, you could be hindering your financial progress.

time-read
3 mins  |
June 2018
Beyond Banal Business Travel
Entrepreneur Magazine South Africa

Beyond Banal Business Travel

Twenty-five-year-old South African automotive drivetrain repair company Rex Diff and Gearbox found a perfect match for its business travel needs when it joined kulula work’s client base, and never looked back. Dennis McLachlan of RDG’s Consumer Affairs and Marketing division explains why.

time-read
2 mins  |
June 2018
The Next Level Beckons
Entrepreneur Magazine South Africa

The Next Level Beckons

Rudolf Goosen is an ex-professional rugby player, entrepreneur, author, TV presenter and motivational speaker. Entrepreneur recently spoke to him about his new book, Taking Your Life to the Next Level.

time-read
3 mins  |
June 2018
Diversity Drives Board Performance
Entrepreneur Magazine South Africa

Diversity Drives Board Performance

The composition of your board of directors can help you drive your company value and increase shareholder and other stakeholder returns.

time-read
2 mins  |
June 2018
Invest And Save 100% Of Your Tax Payable To SARS
Entrepreneur Magazine South Africa

Invest And Save 100% Of Your Tax Payable To SARS

Section 12J funds were created in response to the South African Government offering tax incentives for private investors to support funds that support SME growth in South Africa. Three experts unpack the benefits of investing in 12J funds — particularly for high net worth individuals.

time-read
7 mins  |
April 2018
Following Your Dreams? Nailed It!
Entrepreneur Magazine South Africa

Following Your Dreams? Nailed It!

Sorbet franchisee Kate Holahan went from corporate employee in 2015 to owning two franchise locations in just over two years. By September 2017, she had launched a new location, acquired new clients and was learning something new every day. It took a few learning curves and partnering with the right bank to lead her to successfully running her Sorbet and Sorbet Man stores at Benmore Shopping Centre in Sandton.

time-read
2 mins  |
April 2018
How To Build A Community Around Your Brand
Entrepreneur Magazine South Africa

How To Build A Community Around Your Brand

There’s a way to build your market without spending a fortune on advertising and marketing — and it’s called community building. Here’s why this should be the cornerstone of your growth strategy.

time-read
3 mins  |
April 2018
Sealing The Deal
Entrepreneur Magazine South Africa

Sealing The Deal

If you want to close more sales, you need to understand the three phases of the customer buying cycle.

time-read
3 mins  |
April 2018
No Limits
Entrepreneur Magazine South Africa

No Limits

When Offlimit Communications faced its first downturn after ten profitable years in business, its leadership team didn’t even question that they would turn things around and make them better. With resilience and determination, they analysed the business, made some tough choices and took action. Within six months they took the business from massive losses back to profitability, and a year later doubled their pre-losses turnover — all in the middle of a recession.Here’s how Lisa Cohen, Jerome Cohen and Garon Bloom took lemons and made lemonade, building a R130-million sustainable business in the process.

time-read
10+ mins  |
August 2018