The perfect entrepreneur and business governance Entrepreneurship is more than simply “opening up a small business.” It is rather a progression through which individuals recognise opportunities, distribute resources, and generate value. This creation of value is often through the identification of unmet needs, wants and/or opportunities for change identified in our society. Entrepreneurs view “problems”…
Going out on your own should never mean doing it alone. This is perhaps the most valuable advice that can be given to startup entrepreneurs. Entrepreneurship, in any type of business endeavor, must start with the recognition that success comes to managers who leverage all resources around them extremely well. It’s about maneuvering something small…
If you’re in the process of starting a new business and want to do things right, you probably already know that it’s important to have the necessary “founding documents” – your memorandum of incorporation and shareholders’ agreement – in place. But do you know what they should cover? This is a guide to the five…
An entrepreneur is someone that creates a new business. This can carry a high risk because it requires money to set up a new business without knowing if it will give a return on investment. Entrepreneurs need to have a good understanding of their markets. They find out what customers want and modify their products in…
Starting a business is a lot of work. Anyone who tells you it’s not is either lying or has never actually started one themselves. The hours are long, sacrifices are great and you are assaulted with new problems and challenges every day with seemingly no end. If you don’t have the constitution to weather these…
There are 8 key concepts which any potential entrepreneur should regard as the best tools for the trade. Sharpening these skills could put you ahead of the pack. Be able to sell anything This is one of the most important qualities an entrepreneur can have. You will have to sell your ideas to customers, investors…
All the great success that has been achieved ultimately began with an idea, but what makes ideas become reality is the fuel of human desire. “An idea by itself can give you a temporary feeling of inspiration, but burning desire is what gets you through all the perspiration necessary to overcome the inevitable obstacles along…
It is easier to invest in private companies than it is to unlock value from these investments. While the venture capital (VC) and private equity (PE) investment space is gaining more and more momentum in Africa, the process of exiting these investments remains a challenge. What many investors and entrepreneurs don’t realise is that positioning…
AS SOUTH Africans turn their attention to the second decade of democracy, it is important to learn from our experiences in the first. Five vital principles can guide a new approach to supporting emerging entrepreneurs. Entrepreneurship is a quality, not a deliverable commodity: it is a mistake to believe there is an unlimited pool of…
Levels of motivation to start a business differ around the world, and in South Africa entrepreneurship is often necessity driven due to businesses being created as a result of a need for employment, rather than because the business owners view the business as an entrepreneurial opportunity. According to Christo Botes, Executive Director of Business Partners…
