Tag: entrepreneurship

The tax implications of running a business are not widely taught in the South African education system. This is why many entrepreneurs are not well equipped to deal with the taxation side of their businesses in an informed manner.

After many years of running his own businesses, Ian Minto imparts first hand business start-up experience with a set of lessons needed to create and build the business in the first few years.

The emergence of social enterprises on to the business landscape of the South African economy is often a point of contention due to the seemingly conflicting driving factors of philanthropy versus profit.

853,000,000 results pop up when you google SUCCESS - tips to achieving anything, traits of successful leaders, steps to launching your million-dollar startup, even how to become the next Mark Zuckerberg. Most people tend to think the most successful entrepreneurs, business owners and CEOs we read about just got lucky. That the key to their success was the sum of the perfect equation of entrepreneurial traits, skills, money and background. Some magic formula the rest don’t have access to.

The informal business sector is the next great frontier of Africa and it is undergoing an economic revolution – a new world of small people doing big things, transforming the continent. Prepare for this new generation, prepare for the Afripolitan Generation.

South Africa’s approach to entrepreneurship needs to undergo a paradigm shift and developing the right mindset among young would-be entrepreneurs in particular is the starting point.