Articles Tagged with: Entrepreneurship
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

ADGE AFRICA’S BUSINESS TIPS: TIP NO 4: BE AGILE

People are using the word “agile” more and more during these years. What does it mean exactly?

Agility is the ability to act quickly and with economy of effort in accurate response to change and also to initiate change for business advantage, says Paul Allen.

But if we translate this sentence into an ordinary language, agility represents the ability to respond fast to unexpected situations, and to keep your mind open to new things. Moreover, it would practically mean that all entrepreneurs should be agile in order for their business to succeed.

How do you become an agile entrepreneur?Read More

10 Steps to Win the Sale Every Time

There’s nothing more frustrating than having worked on a deal for weeks or even months just to have the prospect say, “You know, I’m not sure this is the right time for this project. Why don’t you check back with me in six months.” As soon as that sentence is uttered, the deal is essentially dead. Time to start all over again with someone new.Read More

Challenges keep you energized

The Japanese have always loved fresh fish

But the water close to Japan has not held many fish for decades.

So to feed the Japanese population, fishing boats got bigger and went farther than ever.

The further the fishermen went, the longer it took to bring the fish

If the return trip took more time, the fish were not fresh.

To solve this problem, fish companies installed freezers on their boats.

They would catch the fish and freeze them at sea.

Freezers allowed the boats to go farther and stay longer.

However, the Japanese could taste the difference between fresh and frozen fish and they did not like the taste of frozen fish

The frozen fish fetched a lower price.

So, fishing companies installed fish tanks.

They would catch the fish and stuff them in the tanks, fin to fin.

After a little thrashing around, they were tired, dull, and lost their fresh-fish taste.

The fishing industry faced an impending crisis!

But today, they get fresh-tasting fish to Japan.

How did they manage…?

To keep the fish tasting fresh, the Japanese fishing companies still put the fish in the tanks but with a small shark

The fish are challenged and hence are constantly on the move.

The challenge they face keeps them alive and fresh!

Have you realized that some of us are also living in a pond but most of the time tired and dull….?

Basically in our lives, sharks are new challenges to keep us active.

If you are steadily conquering

challenges, you are happy.

Your challenges keep you energized.

Don’t create Success and revel in it in a state of inertia.

You have the resources, skills and abilities to make a difference.

 

Put a shark in your tank this year and see how far you can really go….

Be inspired!!!

 

Happy New Year to us all.

5 Tips From Successful Entrepreneurs for the First Year of Your Startup

With over 45,500 listed companies and a plethora of non-listed companies, and thousands of new companies emerging and dying every year, it isn’t hard to see why the business world is not meant for everyone.

But, if you belong to the lot that is daring enough to venture into this realm to make their mark, then you’ve stumbled upon the right article for some pointers.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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