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Showing posts with the label Business Plan Competition for Aspiring Young Entrepreneurs

Fear of failure hinders South Africa's aspiring entrepreneurs

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Christo Botes Opportunity for young aspiring entrepreneurs to turn their ideas into a viable business with national free business training workshops According to the 2017/2018 Global Entrepreneurship Monitor Report, 43% of South Africans perceived good entrepreneurial opportunities, yet only 11% of entrepreneurs were engaged in Total Early-stage Entrepreneurial Activity and had taken the steps to start a new business. Further to this, 31% of respondents had reported to have a fear of failure when starting a business. Christo Botes, executive director of Business Partners Limited (BUSINESS/PARTNERS) says that this is something that can be remedied through accessible initiatives that equip aspiring entrepreneurs with the necessary knowledge, skills and support. “It is imperative that young entrepreneurs have all the resources they need to confidently take their ideas and turn them into viable businesses.” With this in mind, the SME Toolkit BUSINESS/PARTNERS Business Plan Compe...