HiSpeed Consulting

A shocking report that states that Small business is 'springing from
poverty' ref : 21 September 2010
http://ping.fm/3Bu5y



"Poor South Africans are responding resourcefully to their situation, a new
survey finds. As many as one in six adults is a small business owner, half
of these having started due to unemployment, and most managing without
either formal assistance or help from the banks. Released on Friday,
FinScope SA's Small Business Survey for 2010 indicated that two-thirds of
these businesses did not employ anyone other than the business owners, and
79 percent were involved in product sales. Awareness of support for small
business was extremely low, with 74 percent of owners unable to name any
organisation that gave help and advice to small businesses, while 94 percent
claimed never to have used any support.



The survey showed, however, that 11 percent of business owners who had asked
for help from an organisation had not received any.



"Small business owners claim that they go to friends and family for business
advice (50 percent), while 11 percent use external professionals and 31
percent rely on themselves."



As many as 41.8 percent of small business owners did not use formal or
informal products for business purposes, but relied solely on family and
friends for borrowing and saved money at home."



In response Adrian Skipper from HiSpeed Consulting has stated that his
company will be assisting small business entrepreneurs in South Africa .
Through on line training and coaching, HiSpeed consulting will empower
emerging businesses to achieve their goals. Small Business in South Africa
lacks the tools and experience to succeed .Our cutting edge best practices
will reshape the business into a powerful cash generating machine . To fine
find out more contact Adrian@hispeed.biz.biz skype: adrianskipper