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This month we look at what it means to be an entrepreneur and how to foster and grow that spirit; we also meet Lebo Mbethe and Thando Baloyi our latest square pegs.
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Fostering entrepreneurship

How entrepreneurs themselves are finding the way

It is often said that the difference between an entrepreneur and an ordinary person is that the entrepreneur sees an opportunity where others see a problem. Does the same go for the way in which entrepreneurs see the problems that plague entrepreneurship itself in South Africa?

Without a doubt, says Christo Botes, Business Partners Limited (BUSINESS/PARTNERS) executive director, who has spent a the recent few weeks in discussions with many of the more than 50 business owners who had won Sanlam / Business Partners' Entrepreneur of the Year® awards over the last few decades.

Despite all the difficult circumstances that can easily make an entrepreneur miserable in South Africa, the overwhelming attitude that Botes found among the Entrepreneur of the Year® alumni is a positive, can-do approach of finding solutions around the problems.

 
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Ten ways to hook investors onto your big idea

A great many excellent business ideas never get past the spreadsheet stage and into the real world simply because entrepreneurs fail to connect to the people with enough money and risk appetite to help them implement them.

Finding the right investors and pitching your idea effectively is a business skill that can be worked on, says David Morobe, BUSINESS/PARTNERS regional general manager. He offers the following ten tips to get you started:
  1. Get yourself connected and network. Investors are out there, and they are usually only one or two people away from those with whom you do business with anyway. Your accountant or suppliers, for example, can put you in touch with potential investors, or at least someone who knows a potential investor. Emphasize the “work” in “network” - investigate and ask for referrals.
 
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June 2015 / Vol.6.5

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

Destined for entrepreneurship

Many people saw little Lebo Mbethe, scarcely ten years old in the late eighties, working behind the counter of her father's shop in Witbank, but few of them would have thought that she would grow up to own her own multi-million rand fuel company.

Mbethe herself, on the other hand, always knew she would be a business owner. So steeped was her childhood in the businesses of her entrepreneurial parents that she was destined to follow both her two older siblings and her parents into the world of entrepreneurship.

Mbethe's memories of her childhood Christmases are not about presents and family dinners, but about stocktaking. The busiest day of the year for her dad's bottle store was Christmas eve, and on the following day the whole family got stuck in and took advantage of the day off to get things ready...

 
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Turning femininity into strength

It is a measure of Thando Baloyi's entrepreneurial chutzpah that she chose a feminine name for her business which operates in probably the most macho of all sectors, the security industry.

Lady T Protection Services is a name that could have backfired, says the former marketing director turned security entrepreneur. But judging by Thando’s track record, her gamble that the name would project solid service and a fresh approach paid off. Over the past six years, she has single-handedly built Lady T Protection Services into a company of 200 employees operating in the Gauteng and North West provinces.

Growing up in Soweto, Thando would never have guessed that she would manage her own business one day, let alone in the security industry. Her parents were both teachers, and she and her sister were expected “to study and find a job”.

 
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Grand Central Park
 
Location: Pretoria

Description: Three 555m2 and one 357m2 are available.

Availability: 1 July 2015

Contact:
Zelda Coetzer
011 713 6722
zcoetzer
@businesspartners.co.za


 
Silverton
Industrial Park
Location: Pretoria

Description: A 408m2 unit is available with 3 phase electricity and 24-hour security.

Availability: 1 July 2015

Contact:
Zelda Coetzer
011 713 6722
zcoetzer
@businesspartners.co.za
Montana
Mini Units
Location: Pretoria

Description: A 347m2 unit is available with 3 Phase electricity and 24 hours Security.

Availability: 1 July 2015

Contact:
Zelda Coetzer
011 713 6722
zcoetzer
@businesspartners.co.za
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