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Are you a budding entrepreneur? |
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Typically, entrepreneurs want to be their own boss, in charge of their own future. They are dynamic and enthusiastic about their ideas, and are prepared to put in much passion, time and effort in order to succeed. To be a successful entrepreneur, you need a good idea, to fulfill a demand that exists in the marketplace, and a plan to establish and develop your business. While there are some sources of loan funding, there is not sufficient for everyone who would like to be in business. This means that entrepreneurs often have to start off with a very small business and grow it gradually.
Entrepreneurship initiatives South Africa still lags behind most other developing countries in terms of its number of entrepreneurs. However, a growing range of initiatives aims to support those wishing to start their own businesses. The Entrepreneurship 2010 Campaign was launched in 2004 to address factors that hinder start-up businesses and growth of existing entrepreneurs. And the Umsobomvu Youth Fund (which is part of the National Youth Development Agency) supports young entrepreneurs with access to information and financial assistance. Its portal, www.youthportal.org.za, provides information about getting a job, starting your own business, learning new skills, and generally making informed decisions about your life. There is lots of institutional support for budding entrepreneurs. So let’s get busy!
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