Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. Current State Of Entrepreneurship In South Africa in Gauteng and these are the seven biggest myths that I continuously hear.
1. Being an Entrepreneur is too risky for me.
Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, Successful Business Person In South Africa have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.
2. I am too young to start my own company
Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.
3. I have no experience
Again, Current State Of Entrepreneurship In South Africa this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.
4. It is not the right time for me to launch a business.
As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, Two Successful Entrepreneur In South Africa so there really has never been a better time than now.
5. If I am running a business my grades will fall.
Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.
6. Student businesses are just small rinky-dink operations
Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!
7. I don’t have any money! I can’t start a company
Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!
Current State Of Entrepreneurship In South Africa in Gauteng?
Traits to Manifest Towards a Successful Entrepreneurial Venture
Do you know why a lot of entrepreneurs succeed with their businesses? Well honestly, theyve got positive traits that aid them in their success. So, do you have them too?
Almost every successful entrepreneur when asked about their acclaimed success would merit the deed to their attitude. They will surely tell you that it is all about attitude. Yes, it is all about nothing but positive traits to get an entrepreneur going in the business. The real sense of business has changed in meaning and in phase all throughout the years.
Let us credit it to the advanced technology that we are all enjoying these days. Computersthey are all around. With the computers come the internet and the power of the web so as with the email and web pages. The telephone system has likewise changed over time which includes the advantages brought about by voice mails and cell phones.
Now these technological aids are only mediums that make the flow of businesses in smooth transition. Nothing and no one can ever disregard the importance of the positive traits imbued in a person which makes a successful entrepreneurial possible by all means.
Are you then a budding entrepreneur? Do you think you will be capable of dealing with all of the advents alongside entrepreneurial ventures? Then read on so you will learn how to assess your personality and if youve got the needed traits of a potential entrepreneur.
Would-be-entrepreneurs must know how to set goals. Now the setting of these goals starts at the tender age of an individual. Ones being a youngster needs to be coupled with discipline in the setting of future goals.
The building up of these traits is usually influenced by the factors such as the parents and the educators. For people who do not belong to the upper class, they are able to realize that when they want something which they know their parents would not be able to afford, they will surely work for it in their own little ways.
When it comes to entrepreneurial, the person is aware that the decision-making lies in his own hands so he will likely turn out to be very responsible.
After the goals have been set, a thorough working out of it is needed. What are goals if they will not be materialized? In order to reach these goals, a person must strive hard and learn the craft of organization, discipline, and risk-taking.
Next, one who has the dream of venturing into entrepreneurial knows how to assess his own strengths and weaknesses. What are you good at? What can you do? What are you capable of giving out in the business? On the other hand, what are your usual failures? What shortcomings are you prone to be subjected to? When entering into any form of entrepreneurial, facing ones fears cannot be set aside. One must be open to all possibilities in the phase of the business industry.
An entrepreneur must have a nose for business opportunities. What is most likely to be appreciated by the customers? What trend is hot in the business? The truth is that newbie and oldies in line of entrepreneurial must not stop seeking for opportunities and possibilities that will work best in todays current time.
After such opportunity has been spotted, an entrepreneur must grab such chance and make the best out of it. Talk about taking advantage! There is always that competition which cannot be rid of but then ones success in business is always measured by the realization and materialization of the set up goals.
Entrepreneurial also equates with the ability of being able to efficiently manage and handle every little thing concerning finances and budgets. When one is unable to control the outflow and inflow of the finances, then the business may be up to closure in no time at all.
Entrepreneurs must know how to recognize the first best. Any opportunity is worked out to turn out to be the best in the area. Experiencing fun in whatever endeavor is always vital for a successful entrepreneur. Entrepreneurs also know the time when they need to seek for help. They are no super heroes so they also need aids from other people.
The question now is, do you have such traits? Will you also be a tailor-made entrepreneur someday?
Entrepreneurs Business Opportunities
One of the greatest time wasters of all are unnecessary or poorly run meetings. If you want to dramatically improve your time management skills, then learn how to have productive meetings.
"Brian" is the Operations Manager in a large corporation. Every Monday morning, his CEO has a managers' meeting .
This is what usually occurs:
The agenda is circulated the day before which means the managers have little time to prepare.
The meeting always starts late as the CEO will wait for latecomers. In fact, he's often late.
A couple of the managers tend to "waffle on". The CEO who chairs the meeting is not assertive enough to keep them on track.. He's also a 'waffler'.
Most of the managers sit there, bored out of their brains for a majority of the time. They also get stressed as they feel they are wasting time listening to the "wafflers".
As the CEO does not schedule a regular "catch up" time with each individual manager, many unnecessary issues are also discussed.
If this describes some of the meetings you convene then how about taking action and ensure from now on that they are highly productive.
If you're like "Brian" and you would have difficulty suggesting to others how they could improve their meetings, then I suggest you pass this newsletter on to them. Effective time management also includes effective meeting management.
"You'll do so much you'll be surprised when you get your meetings organised"
9 Ways to Improve Your Time Management by Having Super Productive Meetings
Ask yourself, is this meeting really necessary?
Do you need a face-face meeting? A phone call, email or conference call might be a better solution.
Invite as few people as possible
Only have the necessary participants attend.
Have a written agenda with clear objectives
Ensure it is circulated well in advance to those attending. Indicate timeframes allowed to discuss each item.
Double check the meeting venue has been organised the day before
If refreshments are supplied include water and fruit. Ensure the meeting area is quiet with no distractions.
Start and finish on time
Respect your time and everyone else's.
Have an effective chairperson
Unsure who to choose? At the beginning of the meeting count up to three. At three, each participant points to the person they believe will keep the meeting on track.. The person with the most votes is elected.
Circulate the minutes within 48 hours
Ensure all actions have the appropriate person written next to them.
Stand up and stretch every 30 minutes
It's good for your mind and body.
Ensure all mobile phones and pagers are turned off
It's amazing - people have been known to survive without their phones and live to tell the tale.
Good time management is also about using your time wisely when attending meetings. If you can enforce these guidelines, you'll be happy to attend future meetings knowing that your time isn't being wasted.