Professional Business Plan Specialists

Reach new heights

News And Articles

Entrepreneur: A Whole New Look At This Unique Breed

Entrepreneur: A Whole New Look At This Unique Breed

Table of Contents

Author

Do you have what it takes to be a successful entrepreneur? Entrepreneurship. Entrepreneur. Entrepreneurial. Unknown words to some. Dreams of becoming one to others. With 2016 upon us and many ‘would be’ entrepreneurs contemplating entering the unknown world of entrepreneurship, it is perhaps a good idea to take a different look at What Makes An Entrepreneur. Sure enough you can review the numerous checklists out there that will ‘tell’ you whether you have what it takes to be an entrepreneur. Perhaps you just want to jump in without any planning and against the advice of friends, colleagues and family. Maybe you plan years in advance. Whatever route you take or personal approach you have (prefer), some core characteristics are present in most entrepreneurs.

Read more: The South African Entrepreneurial Safari.

Negativity all around us:

Open any newspaper, watch the news and listen to the radio and one will get the feeling that the South African economy is at a vital crossroad. Unemployment, as cited in an article by the Centre for Development and Enterprise (CDE: 2013), is currently estimated to have reached 34 per cent. This paints a dire picture and it can be argued that the South African labour market is in a crisis and possibly at the heart of other challenges currently being experienced in the country, including high levels of poverty, social unrest, crime, and corruption, to name but a few. Apart from the labour market risks, businesses and consumers (private citizens) alike are faced with low investment rates, an ever expanding budget deficit as well as a current account deficit, which can be partly attributed to the country’s low rates of savings. The vulnerability of the local currency (Rand) and its rapid depreciation especially over the past 12 months has resulted in an exchange rate that has become progressively vulnerable. Government sees entrepreneurship as a vital strategy to combat unemployment. But, being unemployed doesn’t mean you can just become an entrepreneur overnight. Apart from barriers such as lack of ideas, funding, etc. probably the most vital question is to really ask whether you have what it takes to become an entrepreneur.

A completely different look at ‘What Makes an Entrepreneur’:

Not all entrepreneurs are created from the same blueprint. They come from different geographic locations, upbringings, income brackets and social classes, as well as education levels. There are thousands of articles listing, to some degree or another, the top qualities that makes a successful entrepreneur… Determination, risk taker, confidence, passionate, etc., etc. Let us rather take a different look at “What Makes An Entrepreneur” by viewing the following graphical representation. Starting from the top of the entrepreneur’s head to the bottom of his feet, each body part represents a characteristic of most entrepreneurs.

Read more: How Entrepreneurship Should Be Cultivated From A Young Age.

the-entrepreneur-as-a-person

My best advice to entrepreneurs is this: Forget about making mistakes, just do it. – Ajaero Tony Martins

Established in 2006, we have successfully written more than 12,500 Professional Business Plans for clients across 25 countries. As South Africa’s Leading Business Plan Company, we are confident that we would be able to assist you too. Kindly note that we also offer “Investor Pitch Decks”, “Excel-based Financial Models”, and “Proposal/Tender Writing Services” in addition to our Custom Business Plan Writing Service. Please visit our Services page for more information.

We look forward to being of service to you. Please feel free to contact our Founder, Dr Thommie Burger, on +27 79 300 8984 should you have any questions. He is also available via email and LinkedIn.

JTB – Your Business Planning Partner.

Share this article…

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Recent Articles

Business Plan

The Business Plan and 4 Superb Philosophies when Writing One

Creating a new business is a process fraught with difficulty and failure and many businesses fail in the first twelve months of trading.
Most businesses operate in competitive markets: They have to compete against and out manoeuvre competitors in order to answer the question of how they will gain market share and establish a competitive advantage. Not all organisations arrive at the same answer and for good reason.

Buying-a-Business-vs-Startups-12-Possible-Reasons-Why-One-is-Better

Buying a Business vs. Startups: 12 Possible Reasons Why One is Better

Before I start off, let me be upfront by saying, 99% of would-be entrepreneurs out there do not have the funds to buy an existing business. But, in an ideal world, if you do have the funding available, it would be worthwhile to look at the reasons why buying a business is an easier path to becoming your own boss than starting from scratch. So why should you buy a business versus start your own?

Investor Questions

Investor Questions – 10 Critical Questions You Will Be Asked When You Seek Funding

Investor questions are dreadful to new startups. Entrepreneurs need to be prepared when pitching their start-up companies to investors by anticipating the questions they will receive. Presenting to potential investors will involve as little as 10 questions and as much as 100 questions. We have focused on the Top 10 Most Common and Most Difficult Questions that entrepreneurs can expect when presenting their Business Plan.

Startup funding

Startup Funding and 8 Costly Mistakes to Avoid

Startup funding is perhaps the greatest challenge to new companies. Startup companies are faced with many challenges, and one of these are securing funding. Securing and managing funding can be one of the most exciting – and nerve-wracking – parts of being an entrepreneur.

Subscribe to our newsletter.

Stay informed and opt-in for our newsletter via email. We respect your privacy and we never spam.