Articles Tagged with: Entrepreneurship
Exceed your own Expectations!

“Coaching is unlocking a person’s potential to maximise their performance; helping them to learn rather than teaching them.”

~Sir John Whitmore

You are an entrepreneur.

A dreamer…. A doer… A go getter!Read More

Manage the Risk of expansion into other African countries

The Africa rising narrative may have been dampened by political turmoil and depressed commodity prices, but the economic potential of African countries is incomparable. Africa is emerging as a high growth region, with a rapidly increasing population, opportunities for innovation and a developing market.

Africa is made up of 54 sovereign states, each with their own ecosystem, culture and languages. Contrary to popular belief, Africa is not a large single country or a single market, each sovereign state’s economy is diverse.

As a result of the socio-economic growth, political stability in most African countries, improved educational programs and highly educated professionals; there has been a rise of multi-national organisations wanting to expand into the continent. However, many corporations expand their businesses into the continent without an in-depth understanding of local market dynamics. It is important to understand the different risks in the different African countries. A business looking to expand onto the continent needs to understand the Infrastructure, communications network, political environment, governance requirements, financial issues, economic issues, cultural setting, and a number of other factors in determining how to approach their target market.

Market understanding is key. Even Africa based companies need a comprehensive analysis before undertaking an expansion project into another African country. Adge Africa Risk Solutions understand the nuances and complexities of cross border expansion. Our team is equipped to provide advisory services for organisations wishing to expand into Kenya, Malawi, Mozambique, South Africa, Tanzania, Uganda, Zambia and Zimbabwe. Contact us on info@adgeafrica.com for research, analysis and competitive intelligence on selected African countries.

Our team is able to conduct country research in the native languages in certain countries and within their sociocultural context.

We will help you manage the risks of expansion into other countries!

Find your Ikigai

What’s your reason for getting up in the morning? Just trying to answer such a big question might make you want to crawl back into bed. If it does, the Japanese concept of ikigai could help. Originating from a country with one of the world’s oldest populations, the idea is becoming popular outside of Japan as a way to live longer and better.Read More

Business survival in challenging times

“Not the strongest species survive, nor the most intelligent, but the most adaptable.” ~ Darwin.

Based on Darwin’s words, it seems that the species that survive over time are neither the strongest nor the most intelligent, but those which have the greatest capacity to adapt to change.Read More

What should be done to strengthen MSMEs in Southern Africa?

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

Household indebtedness in South Africa is currently at crisis levels. At least three-quarters of South African households admit to being under significant financial pressure. Only 23% of South Africans have any money left at the end of the month – with the other 77% left flat broke at the end of the month, with no hope of saving any money. Read More

ADGE AFRICA’S BUSINESS TIPS; TIP NO 5: WORK SMARTER NOT HARDER

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

ABOUT ADGE Africa

Adge Africa is an African Business Incubation organisation specializing in accelerating the growth and increasing the success rate of start-up and early stage Small and Medium Enterprises.

The Adge Africa Business incubator programme helps develop and support current and new entrepreneurs to start-up businesses and equip them for survival, longevity and growth as sustainable businesses....

FIND US AT
  • 43 Niven Road, Douglasdale, Johannesburg 2191, RSA
  • +2782 818 5344
  • info@adgeafrica.com

Adge Africa t/a BUA Technocomms (Pty) Ltd
Company Registration Number: 2015/ 086191/ 07

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