Helpful Tools for Young Entrepreneurs on Huawei AppGallery

As Finance Minister Enoch Godongwana prepares to deliver his maiden budget speech to revive South Africa’s economy, the Global Entrepreneurship Monitor (GEM) Report has revealed that young people are increasingly turning to entrepreneurship to become economically active and put food on the table.

South Africa’s current unemployment rate is hovering at around 35% 

According to the Report, almost 61% of respondents feel that there are good entrepreneurial opportunities in South Africa while more than 83% of people are of the view that entrepreneurs hold a high status within our society. 

Fortunately, there is a wealth of digital tools available for any aspiring  young entrepreneurs to get started .

These can  be explored and downloaded from the Huawei AppGallery. 

Below is a list of apps that will aid in the start-up of new business ventures:

Identifying your idea

We know that every business starts with a great idea. Even if you can’t think of anything to do, the ‘Business Ideas for Entrepreneurs & Startups’ app has you covered. This App app contains a wealth of articles about new business ideas to help get those creative juices flowing. This app offers practical tips and tools on what you would need to get that next big online project started. Some of the topics covered include how to start a blog, developing an app and how to become a tutor.  Although some of what is discussed above can be slightly US-centric, most of the insights can be applied to a South African environment. After all, the internet provides connectivity worldwide.

Understanding entrepreneurship

Another excellent education resource for budding entrepreneurs is the ‘Entrepreneurship Development’ app. This App provides a very user-friendly way to learn about all aspects of entrepreneurship. Divided into several units, the App teaches on important topics such as accounts and bookkeeping, how to identify potential projects to focus on and the types of entrepreneurs out there. In addition, there is even a section on how to select a financial institution for assistance in getting your business off the ground and what is required to approach such financial institutions with confidence to potentially secure a small business or start-up loan.

Managing risk

Being an entrepreneur means possessing a certain appetite for risk. However, there is technology available that makes identifying good ideas less of a guessing game and enables you to take a more scientific approach to determine what is likely to work. One such tool is the ‘EZorbis – Entrepreneur Risk Analysis’ app. As the name suggests, this app, delivers a risk free analysis on whether to continue with a project or to correct your path. The app is based on extensive risk management technology and is really an incredibly useful tool to consider.

Marketing yourself

Having a great idea and getting it off the ground is one thing, however you also need to market yourself to the big world out there. One way to do so is through the ‘Canva: Graphic Design, Video Collage, Logo Maker’ app. Even if you don’t consider yourself the best graphic designer, this handy app offers you numerous templates to choose from, which you can customise to create that perfect digital ad for your start-up. Whether it’s an Instagram Story, a Facebook ad, or even a brochure, this app has you covered. There are more than enough free components available in the app the premium items just cost a few rand, so you won’t break the bank either.