BLOEMFONTEIN: A pioneering Bloemfontein entrepreneur, Daniel Putsoane, is one of four lucky winners to each walk away with their respective share of R1 million in a national competition. He won a whopping R250 000 in the BizBucks Bonanza competition, sponsored by Budget Business Insurance.
The competition calls on small business owners across South Africa to share their stories of grit, growth and survival.
Putsoane’s story of beating the odds and overcoming obstacles in realising his business pursuits impressed the panel of judges, who awarded him the much-needed prize money. He has decided to invest the money toward his engineering business, Exceeding Hydraulics and Engineers (Pty) Ltd. , with the chief objective for it to become sustainable.
Putsoane founded the small-scale company nine years ago.
At the early stage, he operated from a workshop space, outsourcing most of his services while depending on loans from family members to stay afloat.
Instead of giving up, Putsoane said he started learning valuable lessons in how to adapt to changes in the field of entrepreneurship.
He said the starting point was upskilling himself and his team, saying that this decision was beneficial in enabling him to navigate challenges. The decision paid off, turning around the engineering business.
