Discover and read the best of Twitter Threads about #AskMentorNDThreads

Most recents (9)

How To Find Trucking Contracts.
[Thread]

You can either get direct contract or through broker, or a sub-contract, whatever is on offer, make sure it does not leave you with worn out fleet without profit.

This Thread is to guide on finding contract.
1. Look for Freight Brokers

Freight brokers bridge the gap between truckers and shippers, and this is a good option for those who are starting fresh. Brokers help owner-operators find truck contracts and do most of the work including rate negotiation with the shippers.
2. Hire a Dispatcher for Owner Operators

You can hire a truck dispatching service that helps you connect with shippers and brokers. These dispatchers are also able to offer some administrative services like billing, accounting, and collections.
Read 21 tweets
9 Top Places To Buy Shares Online From JSE in South Africa (Brokerage Fees & Ease Of Use)

[Thread]
Since you can’t buy stocks/shares directly from the Johannesburg Stock Exchange, you’ll need to buy through a JSE authorized broker.

There’s no method to purchase shares without using a broker unless the company offers direct stock purchase plan,(which is rare in SA.)
But don’t worry, brokerage fees are cheap these days, ranging from only 0.25% to 0.5% per trade and here are 9 of the popular online trading platforms authorized by the JSE in South Africa:
Read 21 tweets
Here are 10 steps you should take before you opening a restaurant:

What began as a love for food and cooking can grow into a dream of owning a restaurant. This guide explains everything you need to know about how to start a restaurant.

[Thread]
1. Define your restaurant concept. Your restaurant concept should be woven into every aspect of your business, from the food itself to your style of customer service. Your concept should also be reflected in the name of your restaurant,the design of your collateral,and your decor
2. Create a business plan for your restaurant. Your business plan should lay out the foundation of your operations. Be sure to include an executive summary, company description, industry analysis, geographic analysis, target market analysis, food safety plan, sample menu,
Read 18 tweets
8 Profitable Agriculture Small Farm Ideas [Thread]

Farming does not have to be at large scale, with a space in the backyard one can start successful business. The following are types of farming one can start:
1. Dual Crop Farming
Dual crop farming or multiple cropping can be either mixed cropping or intercropping. Mixed cropping refers to raising two or more types of crops in the same area while intercropping is raising different crops in close proximity.
2. Tree Nursery
A tree nursery can be a great investment when done right. Most farmers start with 10 to 20 seedlings in a small acre, and with right marketing strategy, they would have the baby trees sold out before they mature. You can buy small trees or raise them from scratch.
Read 19 tweets
Different types of Company shares: Ordinary Shares versus Preference Shares

[Thread]
The Companies Act 71 of 2008 (“the Act”) provides for the authorisation and issue of various classes of shares by a company. Although shares can hold many different descriptions, shares can be basically divided into two categories, namely ordinary shares and preference shares.
Various different rights and obligations are attached to these categories of shares,from voting rights,preferential status related to payment of dividends and return of capital as well as obligation to comply with the provisions of a company’s memorandum of incorporation or “MOI”
Read 35 tweets
17 Best Small Business Opportunities in South Africa
South Africa is the second-largest economy in Africa and is ranked as an upper-middle-income economy by the World Bank. Growing and sizeable African middle class, establishing political environment, a good number of expatriates, and abundance of
natural resources altogether make South Africa one of the best countries in Africa for small business startup.

There are numerous small business opportunities in South Africa that can be started on either a low budget and even with no cost at all.
Read 25 tweets
List of 13 Funders/Investors on Start-ups and established Businesses

As the amount of money investors are channeling into Africa grows, consider approaching both local and international investors for your company than looking into Government Agencies and Banks only

[Thread]
Before you approach
Before approaching investors educate yourself in, at least, investment basics. Understand that they want to see how your business is going to make them money, especially if you want to exchange investment for debt rather than equity.
Goodwell Investments @GoodwellInvest
An Amsterdam based investment fund that offers microfinance and startup funding for African SMMEs. It also offers entrepreneurs’ assistance strategy, planning, fundraising, governance and reporting.
Link: goodwell.nl
Read 19 tweets
21 Ways of saving money in 2021

[Thread]
Money, moola, cash, dough, bucks … call it what you want, we could all use a little more of it around this time of year. But how? One way to stretch your rands is to spend less of them. Start thinking like a saver today. Here are 21 ways to save money to get you started.
1. Eat in
Keep a healthy snack with you, skip takeaways and swap restaurants for small, home-based dinners with friends and family and try to support local where possible.

2. Don’t skip breakfast
A healthy breakfast fills you up with energy for the day. This will stop you from
Read 25 tweets
Key Differences Between Funeral Cover And Life (Cover) Insurance

[Thread]
For so many people, things can get a little bit confusing when it comes to knowing the differences between Life Insurance and Funeral Cover. Where does the one begin and the other end? Here's everything you'll ever need to know.
Here's the simple explanation:

Funeral Insurance will cover many, if not all of the costs leading up to, and including, a funeral and the burial or cremation. Life Insurance, on the other hand, takes care of the people you leave behind after passing away.
Read 25 tweets

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