"The idea will not make you rich", Andre de Wet, GM of PriceCheck, told the Net Prophet 2013 audience.
Hearing that might make you think that the opposite - hard work - is the solution to running a successful business. While not refuting the importance of both those ideas, the GM of PriceCheck offered another viewpoint.
"The reason why it takes so long to be an overnight success is the journey inside: to want it not because of money, but because you're ...
Our main focus here is entrepreneurial productivity and it can teach you how to be strong and financially powerful, so you can free yourself up to go on to other, more important things in life. With that in mind, I am going to fill you in on 3 important steps to increasing entrepreneurial productivity. These three steps will help you take action to build skills and create an environment that supports consistent focus, business growth and profit.
1. Know ...
We've long lamented over how secretive Africa's startup communities are, especially South Africa and its crown jewel, Cape Town, which is supposed to be a beacon for the continent's entrepreneurial community. As an emerging market with defiant ambition we love to draw parallels between promising African innovation hubs and Silicon Valley, and yes there is promise, but we are sorely lacking openness, a cornerstone trait of successful entrepreneurial ecosystems.
A lack of openness is perhaps as much a symptom of a ...
Just over a year ago we told you about Munyuki Manatsa, the Zimbabwean university graduate who built an online hip-hop community from an internet café. His efforts grabbed international attention, and now he's trying to raise funding to further build the project.
Manatsa decided to build the site, called mixdem, in part because he was frustrated with after struggling to find employment once he graduated from university.
There were a couple of obstacles he had to overcome first though. For ...
With the recent hype around entrepreneurship in emerging markets, for the first time many people are actually thinking of taking the leap and founding their own business. But what are some of the problems they will run into on the way?
Here are a few pointers gained from my own experience and from the entrepreneurs that I have had the privilege of interacting with.
You want me to discuss my business idea? Ok. First sign this NDA.
No successful entrepreneur ever said this ...
Pitches are nerve-wracking. The perfect pitch would probably have the ability to “plant ideas” like Leonardo DiCaprio does in Inception. Sadly we don’t live in a Christopher Nolan directed reality. We do however live in a world where we can learn from other people’s success.
Having a good concept is one thing. Having to present that concept another. Especially if you’re seeking funding. The elevator pitch is all about getting your startup’s concept to your audience as simple and coherent ...
“I am a complete capitalist.” This is how John Mackey, CEO of Whole Foods, opened his talk on Conscious Capitalism (also the title of his recently launched book) at this year’s SXSW.
However, as Mackey explains, we tend to forget that capitalism has not been around that long. Two hundred years ago it didn’t even exist and 85% of the world lived on less than a dollar a day -- that figure is now 16%. Despite this, there is a ...
In almost every article and story written about entrepreneurship, I have found symptoms and traits which are common among all those who finally made it big.One of those is that entrepreneurship is not for everyone. I realised that entrepreneurs have some specific traits which should be closely observed.
For example, if you are afraid of failures and adventure, then you should definitely keep out of this.
So, here are nine symptoms that you will definitely find in an entrepreneur.
Absolute hate for the ...
As the international economy recovers, the Latin American startup culture follows suit with an economic boom. Technology is becoming more readily available allowing ventures to be empowered autonomously. Also, features such as government initiatives encouraging entrepreneurship, or the general attractiveness of the startup culture is adding momentum. As mentioned by trendwatching.com in this report, both consumers and entrepreneurs are moving away from government associated jobs and services. At the same time governments in South and Central America are encouraging entrepreneurial ...