Clueless about business? No doubt…

Business License Bill shows dti’s lack of understanding of entrepreneurship. “CLUELESS ABOUT REALITY“ Author: Ryk van Niekerk (Moneyweb’s managing editor) 30 April 2013 “Trade and Industry Minister Rob Davies is out of touch with the reality of entrepreneurship. The proof: the newly proposed Business Licensing Bill. The Bill underlines the lack of understanding of the challenges small and medium sized businesses […]

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Not Zuckerberg? GREAT!

When you hear the word entrepreneur, what kind of image does your mind conjure up? If it’s a Mark Zuckerberg (founder of Facebook) look-a-like pouring out HTML code in an Ivy League dorm room, you’re probably not alone. The Kauffman Foundation, have been dispelling the myth that most entrepreneurs are twenty-something tech wizards for some time. In reality, the highest […]

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“An A-team is the only chance of success in business” – Perfect System

Another one of the basic principles of the Perfect System is to appoint the very best quality staff members. A person is judged by the company they keep – this is even more true by the people you appoint in your business. An entrepreneur cannot and should not do everything themselves. You need to develop concepts, optimise resources and build […]

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Entrepreneurs do NOT employ people

Many people and institutions (economists, governments, universities) claim that entrepreneurs are the solution to high unemployment. Why? Because they believe entrepreneurs go into business to appoint people. This is probably the dumbest statement or logic I have ever heard through my cute little ears. Let me make it clear today. NO ENTREPRENEUR HAS EVER STARTED A BUSINESS WITH THE PURPOSE […]

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Baby boomers – start your entrepreneurial life

According to a recent study, for the past 10 years, adults aged 55 to 64 have been the group most likely to start a new business. The study was conducted by the Ewing Marion Kauffman Foundation which promotes entrepreneurship. And now that baby boomers are reaching retirement age, the trend is only going to grow. People are living longer and […]

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Confidence and the entrepreneur

Research on overconfidence suggests that excess levels of confidence can create self perceptions of invulnerability (Camerer & Lovallo, 1999; Hayward & Hambrick, 1997; Malmendier & Tate, 2005) which result in lower levels of effort on some tasks. Hubris theorists argue that when entrepreneurs and managers are overconfident they suffer from biases in making decisions about which courses of action to […]

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Man-Up, Fix It, or Go Home

It’s not that I hate the word “turnaround”. I don’t particularly like it either. It suggests that you’ve made a bad mistake! Who wants to make mistakes… right? Imagine you’re driving on the highway to a party, it’s late, your wife’s been on your case since you left the house 2 hours ago… “We’re going to be late… we’re ALWAYS […]

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