From humble beginnings in Ga-Kgapane in Limpopo to African millionaire, Edward Moshole is working to turn his Chem-Fresh into a R15bn company by 2018. Here he shares his thoughts on company culture and the value of mentorship programmes.
If someone put a gun to your head* and asked, “What makes you happy?” would you be able to answer? According to today’s TED Talk, most people won’t be able to articulate what they want in order to be happy. What does that mean for developing a business, making customers happy or making a new product?
Through the years entrepreneurs have come to rely on business plans to plot a trajectory for their small businesses. However, with more and more companies offering business plans on behalf of entrepreneurs, a new approach is needed to ensure that the entrepreneur is ready for the arduous journey to success.
Africa has the biggest youth population globally, but a comparatively small number of young Africans embrace entrepreneurship. Although many young people feel positive about the concept of starting a business, a fear of financial failure is standing in the way of more innovation, according to Amway South Africa’s Raj Parshotam.