Entrepreneurs face many challenges in today’s ultra-competitive business world; fortunately, contemporary times have also blessed entrepreneurs with more resources for tackling those problems than ever before. The following lists the challenges faced by entrepreneurs today, defines why each problem exists, and offers solutions so you can operate an efficient and successful business:Read More
What do participants on the Personal Financial Leadership Program say about their experience?
What are the benefits of participating in the Personal Financial Leadership Program?
This is what they said….
“Thank you, no one has ever broken down the reality of Personal Finances for me like this. I have learned a lot.”Read More
South Africa’s small business failure rate of almost 80% within the first three years means the average entrepreneur’s chance of starting a business, growing it and creating much-needed jobs is painfully slim. The trend is similar across most of Southern Africa.
I have spent the last three years focusing on the question of why small businesses fail and why certain entrepreneurs are more successful than others. There seems to be little or no research in Africa dealing with the actual entrepreneur, and why some succeed and others fail. Most of the research deals with the environment and the actual business.
What should be done to strengthen MSMEs?
We should strengthen MSMEs by strengthening the core… the actual entrepreneur. Having spoken to dozens of entrepreneurs, I have discovered that those who become successful share similar personal characteristics. Thus, it seems likely that about 40% of the success of small scale businesses depends on the actual entrepreneur.
What can we learn from this?
We should initiate a new approach to entrepreneurship development which involves the personal development of the actual entrepreneur, with the objective of transferring the skills required to succeed in business. Cash flow training is important, but so is entrepreneurship focused personal development, personal initiative programmes, and other personal skills.
Please contact Agnes on agnes@adgeafrica.com for more information of our Personal Development Programme for entrepreneurs.
Money struggles can have a negative effect on more than just a person’s job performance level. Someone who is concerned over their financial situation is more likely to take out a loan or even a hardship withdrawal against their retirement savings. This seriously hurts their ability to save long term and adds to the stress they feel, which can further diminish their production at work.Read More
You’ve heard the saying that money doesn’t grow on trees. But what if it did? What would you say if I told you that you could raise a tree that grew cash money instead of leaves? Of course I don’t mean this in the literal sense, but growing a tree is a lot like starting a successful Internet business that when done right can create a huge flow of cash. What do I mean?Read More
Don’t burn out. Learn 3 surprising ways to work smarter (and not harder) as an entrepreneur. The first tip guaranteed be your favourite.
If you think that giving up a realistic work-life balance is an inevitable consequence of deciding to run your own business, think again:
While it’s true that being an entrepreneur requires dedication and tenacity, just as conventional employees can find ways to work smarter rather than harder, so can business owners.Read More
If you really want to be successful in your business there are two essential traits that you must embody: Consistency and Persistence.
The problem with overnight successes that we see on TV and read about in the newspapers, is that they are so rare! That’s why we hear about them. And truth be told, it’s never normally overnight. So many celebrities and people of note have quoted that it often took them 10 or 20 years to become an “overnight” success.
Don’t kid yourself.Read More
ADGE AFRICA’S BUSINESS TIPS
TIP #2
KEEP LEARNING, KEEP GROWING
The entrepreneurial journey is not easy, and the environment is constantly changing, how can entrepreneurs adapt?
“Learn faster than the world changes.
In a world that never stops changing,
You can never stop learning and growing.”
Success Tweets
We live in an age of overwhelming information. The world is full of people supplying it and others who are seeking it. People everywhere are desperate for solutions and fresh insight. Those people who are able to provide them with the strongest, freshest, most relevant, and even most radical ideas, practically hold the keys to success. The individuals with this level of influence are the thought leaders.Read More
