1001 Days

FOLLOW THE MONTHLY DIARIES OF 2 BUSINESSES ON THEIR JOURNEY TO 1001 DAYS

The first 1000 days in business are statistically the hardest. If you’re still in business at day 1001, you’ve beaten the odds. In the Santam 1001 Days web series, we’ll follow two start-up businesses to share the lessons they learn and challenges that they face along their journey so you can plan for yours.

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SMALL BUSINESS INSURANCE

From retail to service-oriented ventures, every start-up is unique. Is your small business properly covered? Santam’s small business insurance offering gives you cover to suit your needs so you can get to day 1001, and beyond. 

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THE SANTAM START-UP SURVEY RESULTS

Over 600 South African entrepreneurs participated in our online survey. 56.6% were female and 45.4% were male. There were slightly more 25 – 34 year olds (41.6%) than 35 – 49 year olds (34.5%) who took part and of these respondents, 72.2% had some form of post-matric education.

Chapter 1

47.6%

of respondents said that their passion for the industry motivated them to start a business. What else does it take to make it as an entrepreneur?

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Chapter 2

52.4%

of respondents are sole proprietors. Do entrepreneurs prefer to build their businesses alone?

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Chapter 3

69.4%

of entrepreneurs had a “jump in and learn” approach to business. How did they learn to cope with financial pressure when starting out?

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Chapter 4

61.9%

of entrepreneurs didn’t have a mentor but that doesn’t mean they didn’t feel the need for support. Will a mentor save your business?

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Chapter 5

77.8%

of respondents said that cash flow was the biggest cause of sleepless nights. What other challenges did they face along the way?

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Chapter 6

68.9%

of small business founders said they’ve had to sacrifice a steady income. Find out what other parts of their personal lives suffered.

View survey results