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This month we look at the importance of taking a holiday, we offer ten ways to hone your delegation skills, and we meet our latest square pegs Quintin Groenewald and Xolisile Nkosi.
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Taking holidays seriously

In the mind of many entrepreneurs there is a short-lived conflict that flares up at least once a year when the family starts making plans for the holiday. On the one hand, they know that a holiday would do them good. On the other hand, there are a million issues still to sort out in the business.

Inevitably, the business wins the argument, because those million issues that need to be sorted out are always loud and urgent and the consequences of something going wrong are dire and immediate. The benefits of a holiday, in the minds of many entrepreneurs at least, are rather vague, difficult to quantify, not always immediate, and easy to postpone. And so another year passes without a holiday for the busy business owner.

This kind of thinking, says David Morobe, regional general manager at Business Partners Limited (BUSINESS/PARTNERS), is understandable given the enormous challenges facing anyone trying to grow a business, but it is wrong. The argument in favour of staying on in the business and postponing yet another holiday is always based on extremely short-term thinking, and there is usually no-one around, except perhaps a disappointed family member or two, to make the all-important argument in favour of taking the holiday.

 
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Ten ways to hone your delegating skills

The ability to delegate is as crucial to business owners as planning, selling and prioritisation skills. Without it, the business will always remain in the realm of the freelancer – small, stagnant and wholly dependent on one person, says Gugu Mjadu, executive general manager of marketing at Business Partners Limited. She offers ten tips on how business owners can hone their delegation skills.

1. Build trust

The single biggest stumbling block to better delegating is fear – fear that workers to whom you are delegating will botch the job, damage something, waste raw material, offend a client, expose your business's weaknesses to the outside world, or simply be more trouble than they are worth. To a certain, limited extent it is a healthy fear, but it can very quickly become debilitating.

The antidote is to build trust, with the emphasis on “build”. If you simply trust blindly, your fears will almost certainly prove true. Rather, building trust is a process that requires time, careful thought and good people management.

 
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December 2016 / Vol.7.11

IN THIS ISSUE:

Are you a
square peg?

This quiz is not scientific but serves to highlight some of the key attributes of entrepreneurs or “square pegs”, as we at Business Partners affectionately call them. The quiz should give you some idea on whether you “possess” entrepreneurial qualities, or not. However, please remember that a positive outcome/score is not a recipe for success.

 
Take the quiz

Earning a degree in property entrepreneurship

Many entrepreneurs are well known for dropping out of whatever university their hopeful parents had enrolled them, but what is often underplayed in the recounting of their stories is that they take learning very seriously, and undergo intense learning courses of their own making.

Take Quintin Groenewald, who at the age of 21 decided to become a property entrepreneur. He took to the library of the North-West University where he was a student and read as much as he could about the industry.

He also dropped out of law school and started two small businesses which in a single year made so much money that he bought three properties in Honeydew, two of which he still owns today. “I also had some fun with my student friends,” he says of the seminal year in which he told his father that he wanted to take a break from studying law. Although he found later that his legal background is useful for the contracts he enters, he simply could not see himself spending his life in the courts.

 
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Entrepreneurial traits breed success, but it's not always easy

One of the reasons why the life of an entrepreneur is so hard is that the character traits that make them successful can also be difficult to live with. An important part of Xolisile Nkosi's success as an entrepreneur is that her driven and contrarian impulses make her very quick to act, but they have also given her a whole archive full of quirky stories from her business career.

She remembers with a tinge of regret how, as a youngster, she blew the first R100 000 she made on a property deal. Today, as the 36-year-old mother of five boys and owner of Clear Path Projects, a Johannesburg-based architectural, interior design, project management and construction firm, she would have invested it much more wisely. But she acknowledges that it is that same drive, impulsiveness and love of wheeling and dealing that got her the property in the first place, at the tender age of 24.

Nkosi is not sure where her entrepreneurial spirit comes from.

 
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Clayville
Location: Clayville Business Park, 56 Axel Road, Clayville, Olifantsfontein.

Description: Unit 2 - approximately 602m² - is available. The unit consists of office and factory space. The entrance to the factory consists of an industrial roller shutter door and there is a door between the factory and offices. The unit also has a separate entrance to the ground floor office and stairs to the first floor offices. It includes toilets, kitchens and 3 phase electricity. It also includes security and electric fencing.

Rent: R39 130.00 (R65.00 pm²), plus VAT and metered electricity, water and sewerage.

Contact:
Zelda Coetzer
083 289 1748
zcoetzer
@businesspartners.co.za
Benoni
Location: Benoni Hive, Corner of Rothsay and Harpur Avenue, Benoni.

Description: The units available are approximately 64m². They consist of a roller shutter door to the factory and have 24-hour security.

Rent: R3 040.00 (R47.50 pm²), plus VAT and metered electricity, water and sewerage.

Contact:
Zelda Coetzer
083 289 1748
zcoetzer
@businesspartners.co.za











 
Rustenburg
Location: Buffalo Thorn Business Park, Nr 56, corner of Van Belkum and Kock Streets, Rustenburg.

Description: Three Units of 254m² each are available to let (unit 9, 10 and 11). They can be combined for bigger space. The units are road facing and consist of one garage door with access to the factory, an open plan reception and office/storage on a mezzanine level. The business Park has 24-hour security with guards at the access point.

Rent: R13 970.00 excl. VAT per month per unit. Metered electricity, sewerage and water charged separately.

Contact:
Valencia Tshidi
079 011 9191
vtshidi
@businesspartners.co.za



 
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