South African serial entrepreneur Nic Haralambous has launched the Slow Fund, which every day for a year will offer one person ZAR1,000 (US$67) and a 30-minute coaching call to yelp them launch the “side hustle” – or small business – they have been dreaming about.
An accomplished entrepreneur who has sold three businesses in the past decade, Haralambous recently wrote a book called “How to Start a Side Hustle” that he believes can help many people finally start their side hustle.
Further to this, he has launched the Slow Fund, which will kick off on February 15 and over the course of a year offer 365 prospective entrepreneurs a small amount of cash and some coaching to help them get their idea off the ground.
Interested individuals can apply here, while Haralambous is also looking for other individuals and – especially – corporates to chip into the fund to allow it to support more aspiring entrepreneurs.
“As long as there is more money in the Slow Fund then we’ll push on and fund side hustles.
If you are financially able to contribute to the fund, thank you! If you are a corporate, I want you to remember that small businesses are your lifeblood. They buy from you, they supply to you and they keep every economy in the world running. Small businesses start out as side hustles. Do your part and help build as many side hustles as possible,” he said.