Tag: entrepreneurship

The South African economy, like many emerging and developing economies, has high levels of poverty. As with many such countries, there are three primary objectives to reducing poverty, unemployment and inequity. These three objectives take precedence over almost all other goals.

Read our exclusive cover story titled COVID-19 | RESET... REDEFINE, REFINE, REBUILD ...RESTART! by Dr Ivor Blumenthal, CEO, ArkKonsult, as well a host of other topical management articles written by professionals, consultants and academics in the June/July 2020 edition of BusinessBrief.

It is no secret that entrepreneurship and business creation is the lifeblood of economic growth and innovation. Research out of the United States by the Kauffman Foundation, for example, underscored that entrepreneurship is integral to job creation and economic progress.

The task of re-skilling millions of workers may feel overwhelming. By 2022 alone, 75 million jobs will probably be displaced across 20 major economies, while 133 million new ones will spring up in industries that are only just gaining traction. At the same time, it’s estimated that nearly two-thirds of children who started school in 2016 will go on to have jobs that don’t yet exist.

Growth of the entrepreneurial sector is key to addressing South Africa’s unemployment crisis, especially amongst the youth. Young people, however, face many barriers to success. Amongst these is a dire lack of digital literacy and access to internet and data.

The latest research has demonstrated what we always known: Entrepreneurship can be taught, selected for and measured. A study has identified the indicators which predict high-impact entrepreneurial activity in the start-up sector. The study was carried out with 1,200 start-up and established entrepreneurs.

Bringing your dream to life, being your own boss and adding real value to the world we live in. Sounds good right? Well of course it does, but like most big life goals, entrepreneurship is not for the faint of heart. Building or becoming the next big thing is challenging, nerve-wracking and requires some serious grind work, but at the same time can be one of the most rewarding things you do in your life.

Conquering the Poverty of the Mind – From Shipping Container to BUSY CORNER shows the true grit of a Zulu girl who believed in herself – and did it against all odds. Conquering the Poverty of the Mind is for every aspiring entrepreneur, it teaches valuable life lessons and inspires one to take the first step and to seize every opportunity that life presents.

We have unveiled the State of Entrepreneurship in South Africa after surveying more than 1,000 entrepreneurs across the country. 2019 marks our fifth year of engagement with local entrepreneurs, with the latest findings showing that entrepreneurs are optimistic and resourceful even as the sector is enduring one of the most difficult economic periods.

An astonishing 94.6% of businesses fail to sell. They close at an enormous cost to the owner, their family, their staff and the economy. Most business owners realise too late that there are only two destinations for any business: a sale or closure. You’ve got to build to $ell.