What happened last year in South Africa:
Its no secret that I started my business 3 days before the first bank went under in September 2008. GREAT timing to be going on your own! The struggle (and believe me it has been a struggle) has been tough but I’ve seen a major change in the past few months! I’ve always claimed that if I can build a business through those times then getting it humming in ‘normal’ times shouldn’t be that much of a challenge.
Economic changes felt early this year:
The market conditions, well the ones I’m operating under anyway, are at worst good. The consideration and feedback from clients has taken on a completely different form. From a position where engaging clients was difficult only a mere 4/5 months ago to now where clients are actively seeking me out, FANTASITC is a word that doesn’t give enough expression to the difference this has made in my business life. Granted “Internet Marketing” is a huge growth field currently in South Africa but this business decision was made based on that premise 2 years ago and it didn’t help during the past year. The only factor that has changed significantly is the market environment.
Positives to be taken out of last year:
I think a number of the “weaker” companies (and a few strong ones) got burnt (some even died) during the economic slowdown. Sometimes that’s a good thing and makes the market stronger but now the time is right for all South African businesses but particularly the fast moving and dynamic Entrepreneurs to shake a leg and make a move. Its all positive if you’re still up and running, if you’re not either try again or join someone that’s making it work and LEARN!
The impact the soccer world cup is having on entrepreneurship in South Africa
The World Cup Soccer I believe sheltered us from some of the impact of the world wide economic slowdown and is a bit of a launching pad into the next few months so why not use it? Who knows for sure what will happen post the Soccer world cup but I for one believe that business sentiment has change and that people are getting tired of hiding from world recession and have realized its time to get out there and do something. Why not join them, I have!
Post by: Ian Thomas