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  • Caban Investments Ltd - Dave Romero
    that are prepared to listed who probably share the same narrative More often than not we tend to surround with people that will sympathise with our status quo But the reality is that we are not happy with our circumstances and yet we just carry on relentlessly with a seemly unfulfilled life When we turn 70 we say If only I tried to change things but now it s too late Some of us turn to religion on the hope that God will listen to our problems and will systematically change the fabric of the Universe to change the negative sentiment you have to positive action The truth is that you re the master of your own destiny You have to change your negative sentiment before the Universe changes your circumstances We are in partnership with Simon Ekin Teacher of Courage to make a difference in people s lives Together with him we have come up with the D A R E concept The concept is as follows It all starts with a D ecision to change your circumstances You have to take that first step After a D ecision you have to take A ction It is pointless to make a D ecision to change something in your life if you take A ction After the A ction of your D ecision you achieve a R esult be it good or bad You E valuate your result and if not happy you D A R E again For instance you re not happy with your income you state publicly that you will change this situation If you re employed you make a D ecision that you will ask for a raise It takes great courage to take this first step Your A ction on the D ecision is to go to your boss and asking for a raise The R esult is either yes or no You E valuate your R esult If yes you have achieved your objective If no you start again Because you have publicly declared that you want to increase your income the Universe conspires to open doors for it to be aligned with your objective Therefore you make a D ecision to change your job one that will pay more Your A ction is to start going to interviews You get the picture We make it sound simplistic and that s because it actually is The hardest part is believing in the process If your attitude is well I have nothing to lose by trying you are going be trying for a very long time If your attitude is I am passionately going to put this into practise you will see a difference But one has to start with a change in attitude Negativity produces nothing Thomas Edison failed thousands of times before he produced the light bulb One wonders where we would be if he had given up after 1 000 attempts Success it attributable to the belief in doing something and seeing

    Original URL path: http://www.caban.co.za/caban/blog/itemlist/user/44-daveromero?start=3 (2016-04-26)
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  • Caban Investments Ltd - Dave Romero
    to eradicate poverty in our country but we need to want to do it will you put your hand up and become a part of the solution The time for standing back and doing nothing is over For our country to continue growing all that call it home need to stand up and take action We need a COETSA Convention for the Economic Transformation of South Africa an economic CODESA Only through dialogue can we change the imbalance of our society As stated in my other blogs COETSA 1 COETSA 2 COETSA 3 there needs to be a definitive moment that maps out an effective strategy to address the imbalance Only then can the ills of our society be effectively addressed This is my suggestion to the issue Do you the reader agree that there is a need for an intervention such as COETSA I would sincerely appreciate feedback in any shape or form You can engage with us on Facebook Twitter and LinkedIn Or you can contact the author directly on This email address is being protected from spambots You need JavaScript enabled to view it Why do we need Mentorship Much talk has revolved about the role of mentors If you want to start a business you get told that a key feature of your success is to choose a good mentor But why is this Mentors are individuals that have started business and probably failed a few times They are individuals that understand the pitfalls the hardships and key areas of success It is only through failures that true knowledge is obtained Having a mentor that has gone through this process reduces your risk of failure Unfortunately it is the inherent stubbornness of entrepreneurs that sometimes leads us not to listen to mentors Obviously mentors are not always right but if you decide to have one and I highly recommend you do you would do well to listen to the mentor s advice Besides assisting with normal business issues mentorship is more about learning tricks that don t get taught in MBA or business development programmes such as How do you get motivated to carry on when you want to give up What to do when you don t have cash flow Negotiating better terms with suppliers to the extent that they could fund your business How to actually get cash from banks What angel investors are seeking what are their requirements How to deal with a business down cycle and it always happens How to seek new markets What to do when your business plan goes completely wrong How to deal with business partners and other stakeholders One has to realise that business in the main is about relationships Get that right and you will have a better chance of success Choosing a mentor is a difficult one Some entrepreneurs choose people they know that have been in business for a while Some use academics Whoever you choose it must be someone you re prepared to

    Original URL path: http://www.caban.co.za/caban/blog/itemlist/user/44-daveromero?start=6 (2016-04-26)
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  • Caban Investments Ltd - Dave Romero
    COETSA series where we look at various initiatives that are designed to transform our economy The BBBEE codes were introduced for the purposes of rectifying the economic injustices of the past Through these codes it was hoped to reduce the huge economic gap between the poor and the rich the poor being mostly historically disadvantaged The time has come for us to ask the all important question has BBBEE achieved its purpose In my view it has not While the principle is sound the execution has been troublesome All that it effectively has done is enrich a few elite who use their connections as a base for doing transactions with the rich get richer and the poor stay poor In this blog post I would like to focus on the ownership element of BBBEE Businesses should want to actively get involved in BBBEE but it needs to make financial sense There is always a resistance to doing something if you re forced to do so How do you make it attractive for entrepreneurs to do a BBBEE deal First of all there should be a database of previously disadvantaged controlled business that want to expand their operation by entering into a BBBEE deal The database should be concise and have enough information to be able to make an initial assessment A business that wants to enter into a BBBEE deal will similarly place their particulars on the same database Therefore both parties can make an initial assessment through the database before communicating with each other A matching service if you will Through corporate advisors negotiations can commence To try to do a sale on your own would not be wise if it s not your area of expertise Many negotiations have failed due to miscommunication A corporate advisor is an expert in this field and will negotiate the best possible outcome for both parties Choosing the right business partner is crucial to the success of the transaction Refer to our blog dated 2 April 2014 with regard to business partners The sale of a percentage of a company to a BBBEE company must be done on a fair value basis The amount of business that the BBBEE partner will bring to the company should be factored into that fair value What s important there MUST be an exchange of cash for the shares sold It cannot be done purely on the amount of business that the BBBEE partner will generate If a portion of the sale is done on a basis of bringing in new business this value must be quantified in the contract and clearly stipulated what happens if the additional business does not take place If the BBBEE partner does not have the cash to do the transaction the new partner can seek government institutions such as the IDC and the NEF for funding of the acquisition There are huge amounts of resources to facilitate this type of transaction Furthermore there are a number of angel investors that

    Original URL path: http://www.caban.co.za/caban/blog/itemlist/user/44-daveromero?start=9 (2016-04-26)
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  • Caban Investments Ltd - Dave Romero
    will be forum where discussions revolve around how best to help entrepreneurs empowering workers through creative structures and to make the workforce inclusive of the economic decision making Furthermore it should develop structures to eliminate corruption Agreements Agreements reached through COETSA must be embodied in the constitution It must be constitutionally binding on all participants These can be implemented through statuary formed regulatory bodies that would be representative of the role players These bodies could be The Cabinet Umbrella Trade Union bodies A South African Chamber of Commerce A South African Chamber of Entrepreneurs Next Step We need all the role players to agree in principle to the idea and start formulating the framework of Coetsa Maybe private enterprise must initiate the process We will be bringing a series of blogs during December that address some of the key issues dealt in broad terms in our introductory blog You can engage with us on Facebook Twitter and LinkedIn Or you can contact the author directly on This email address is being protected from spambots You need JavaScript enabled to view it Atlantis Dream Team The Atlantis Dream Team was established to uplift the Atlantis community through creating sustainable jobs and provide services that address the economic and social needs of the community One of the pressing social needs of Atlantis is the very real need for decent nutrition The Dream Team assist in this regard through a soup kitchen The Dream Team is a registered NPO NPO 023 085 The project commenced in 2002 operating out of Maggies s garage when she started feeding 30 people mostly children Today she feeds 200 people three times a week While this sounds like a large number the reality is that she needs to turn many people away each time as the food runs out Their philosophy is as follows To acknowledge and respect the basic human rights of the people To maintain the integrity of the community To acknowledge and support reconstruction and development programmes and Empowerment of people Caban s Involvement Caban is an active participant of Atlantis Dream Team and the Atlantic Impact Economic Investment Development Forum AIEID which is an offshoot of the Atlantis Dream Team For more information on the AIEID please follow the link Our participation is to utilise our skills and the Caban Service Providers to implement a sustainable business model for the Atlantis community and the Khoisan nation Sustainable Model It is Caban s intention to make this NPO sustainable In the mean time it needs support We have thrown Caban s weight behind this project and would like the assistance from our extensive followers Besides giving Maggie access to all the Caban Service Providers we are also assisting the NPO financially Mrs Maggie Vaas As Cabanites we are moved by Maggie s passion for helping her community Although of very little means she smiles consistently and is grateful for what she has Local business supports her in the provision of cooking gas and basic

    Original URL path: http://www.caban.co.za/caban/blog/itemlist/user/44-daveromero?start=12 (2016-04-26)
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  • Caban Investments Ltd - Dave Romero
    no capital no income and no assets 16 May 2014 will remembered as the day a nominated advisor NOMAD said they will back our listing of our company on AIM of the London Stock Exchange This particular NOMAD is one of the largest This feeling I felt back in 1997 when I listed my first company The feeling is overwhelming This is huge for Caban due to the fact that we will be able to assist many more entrepreneurs Furthermore we are proving that it is a profitable business to back entrepreneurs The more entrepreneurs we back the more jobs are created and unemployment is reduced with a resulting drop in crime We are currently working on initiatives that will create thousands of jobs We are humbled by this opportunity So sometimes you will feel down and that is OK But remember when it turns it normally turns in a positive way that turns your life around You just have to keep at it all the time One day at a time because eventually it does turn As Paulo Coelho states Wear your scars of life as medals Cabanites making a difference one day at a time You can also engage with us on Facebook Twitter and LinkedIn What s the difference between Forecasts and Budgets Budgets Budgeting should not be confused to forecasting Forecasting is normally done for investors and information is disclosed differently to a company s budget Each year an entrepreneur should produce budgets When preparing year on year budgets the following should be taken into consideration How much do think your sales will increase by and why Can you improve your margins and how will you achieve this Have you made enough provision for increase in costs Have you covered all incidentals Record all your assumptions When you compare the management accounts to your budgets it will be useful to revisit your assumptions and adjust accordingly After a few years your budgets will become accurate due to the fine tuning of your assumptions Forecasts If you are a start up preparing your five year forecasts can be a very difficult task Entrepreneurs are positive individuals and always set their forecasts high When preparing forecasts the following has to be taken into consideration What is the market size and how much of that market do you want to capture How do you plan to capture the forecasted market share Is it a realistic expectation Have you taken all the potential pitfalls into consideration Have you covered all your costs Are your margins reasonable and have you taken potential price increases into consideration Always back your forecast with proper research and references Do not make broad statements be specific with solid facts List all your assumptions and be very clear as to why you have decided on the various costs It is also a good idea to have professionals look at your forecasts and obtain written opinions that the assumptions are reasonable Once you re happy that you

    Original URL path: http://www.caban.co.za/caban/blog/itemlist/user/44-daveromero?start=15 (2016-04-26)
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  • Caban Investments Ltd - Dave Romero
    engage with us on Facebook Twitter and LinkedIn Entrepreneurship A very lonely road When walking down the road of establishing a business you will often find yourself asking who can truly help you You can talk to your life partner and family accountant and lawyer It is always important to obtain professional advice in business matters But where do you turn when you are feeling a bit lost or even despondent When you get conflicting advice which happens more often than one would think which advice do you follow I am often amazed to hear entrepreneurs seeking advice from friends that never have been in business It is surprising how keen and willing everyone is so willing to give business advice We at Caban believe that only entrepreneurs can effectively assist other entrepreneurs Only those that have walked down the entrepreneurship road can truly understand the pitfalls I remember before I had kids I started a bit later than most at the age of 35 I used to ask my friends what it was like to be a father The answer was always the same it cannot be described and one has to go through the experience I am now the father of three wonderful children and the experience is truly magical beyond explanation Entrepreneurship is the same you have to experience it to be able to advice properly I am a great believer in the right MBA programmes In fact I am embarking once again on this route My previous attempts were unsuccessful Not because the material was hard it was the fact that the professors teaching about business had never been in business themselves I started my business when I was 25 I started my MBA when I was 29 I already had four years business experience My argument with the lectures used to be the fact that the examples that were given were taken from the assumption that most things went right The reality is that most things go wrong Furthermore the lecturers were academics with no business experience I would pose questions to them such as what do they suggest one does when the debtors are slow in payment your bank facilities are maxed you have no cash flow and you need materials from your suppliers to produce The answer was usually let me look it up and I will come back to you Through experience one knows that in this kind of a situation more often than not if you speak to your suppliers frankly honestly and come up with a plan that is acceptable your suppliers will assist After all they want to keep you as a client This comes through experience No text book will tell you what to do under the above circumstances Having said that there are MBA programmes that add a lot of value Do research on the lectures before choosing one You will only learn from the failures It is pointless to focus on the success Why did a

    Original URL path: http://www.caban.co.za/caban/blog/itemlist/user/44-daveromero?start=18 (2016-04-26)
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  • Caban Investments Ltd - Dave Romero
    to be able to trust and understand them Unity is strength is such a strong saying and it is highly applicable in business If everyone is on the same page and pulling in the same direction you create strong energy that makes things happen People want to deal with businesses that have a strong team and are unified How often have you walked into business premises and felt a certain level of heaviness You just want to get out of there But a strong positive environment not only attracts customers but also the right staff When choosing staff for your business not only do you have to consider their respective qualifications but also whether the individual will fit into the business culture that has been created Will the individual add to the energy or be disruptive to the culture These are critical questions that could have dramatic impact on the business How are your current staff members being treated Are they just numbers or are they being treated as individuals Do you bombard them with strict corporate governance rules and regulations that install fear in them or do they have freedom to come up with ideas that benefit the business and are rewarded for their initiative Do you encourage entrepreneurial thinking within your business More importantly are they happy Do you know when their birthdays when their anniversary is and how many kids they have Do you take a genuine interest your people Any person that is appreciated and feels that their ideas are taken seriously will be more productive as opposed to a person that needs permission to go to the bathroom Are good ideas rewarded and acknowledged If you analyse the most successful companies in the world you will see how they treat their employees There is a strong correlation between the two One should treat staff properly not because it makes good business sense but because you want to Therefore when you put your budgets and yearly strategies in place the most important document you prepare should be a business relationships strategic plan This document can break or make your company and should be evaluated quarterly together with your budget and business plan review If you need some guidance on this contact me I ll gladly help You can also engage with us on Facebook Twitter and LinkedIn Creation of the Sales Cluster We have increased our service offering to entrepreneurs by the creation of a Sales Cluster This cluster will assist entrepreneurs in selling their products and services This completes the Caban service offering by taking our entrepreneurship to a level not seen before in the Private Equity or Business Incubation industry By assisting in the generation of sales it places entrepreneurs in a much stronger position to attract investors We take a commission on successful sales which means there is no cash outlay for the entrepreneurs Selected entrepreneurs will now be able to take an idea right through to sales by joining the Caban team

    Original URL path: http://www.caban.co.za/caban/blog/itemlist/user/44-daveromero?start=21 (2016-04-26)
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  • Caban Investments Ltd - Dave Romero
    there is no cash alternative Illustrative Example If you hold 100 000 Caban Investment Limited shares and you accept the offer you will receive 7 000 Caban Capital Plc shares at GBP 0 15 per share At the current exchange rate it represents ZAR 2 74 per Caban Capital Plc share or ZAR 0 27 per Caban Investments Limited share Caban Investments Limited The offer is for 70 of your shareholding You will receive a share certificate for the balance that being 30 of your original shareholding Share Certificates On the acceptance of the offer you will receive two share certificates by 30 April 2014 1 Caban Capital PLC 2 Caban Investments Ltd for the remainder of the 30 not taken up by Caban Capital PLC Listing The company will list on the AIM sector of the London Stock Exchange on 4 September 2014 We advise our shareholders to hold onto the shares once the company has listed We will advise our shareholders when it will be opportune time to start cashing in on some of the gains We would like to let the listing settle first before any major selling takes place as this will have an impact on the share price Action Required On receipt of this offer document you re required to send us an email accepting or rejecting the offer so that we can start preparing the company for the listing The offer closes on 21 February 2014 extended till 30 June This offer is administered by TBL Capital Limited All emails to be sent to Robin Botha on This email address is being protected from spambots You need JavaScript enabled to view it On Behalf Of the Board Ben Botes Joint CEO Caban Capital PLC Caban February 2014 Newsletter It has been a while since our last newsletter Over the period some significant milestones have been achieved which are detailed in this newsletter The Caban Group is growing at a fast pace This growth puts us in a better position to fulfil our stated commitment to assisting entrepreneurs BBBEE Competition Our BBBEE Competition was finalised early as there was a clear winner The team based in the North officially now known as Investure Pty Ltd which was declared Caban s BBBEE transactional partner in October last year The South team were the runners up and are now known as Diversified Investment Group Pty Ltd Both companies are now active businesses Further Investure has acquired two interests in their role as our transactional partners 26 1 of LifeStraw CSI Pty Ltd 26 1 of United Renewable Energy Group Pty Ltd As a result of the competition the members of Investure asked us if they could be our Gauteng representatives The intention was always to have representation in Gauteng and after due consideration TBL Capital Gauteng Pty Ltd was established as a joint company equally held by the Caban Group and the members of Investure Dylan James Media Gauteng Pty Ltd also as a joint venture is

    Original URL path: http://www.caban.co.za/caban/blog/itemlist/user/44-daveromero?start=24 (2016-04-26)
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