Collaboration is key.”īy coming together in this manner, the Foundation believes that entrepreneurship will move out of the realm of the extraordinary and into a career reserved for novices and risk-takers, becoming a considered choice for many. We recognize that every member of the entrepreneurship-building community has a role to play and that by harnessing each other’s strengths, we can enhance them.
“We recognize that this is a bold goal, which is why we encourage the participation of other members of our ecosystem. Mthetwa says this is why the foundation decided to focus on fostering high-impact entrepreneurship, with a target of supporting five hundred entrepreneurs creating ventures, 10 of which are valued at R1 billion. But how exciting is it to see those individuals able to create jobs for others and uplift their communities?” Certainly, it is encouraging to see that people are able to support themselves instead of relying on salary. “The implications of inclusive entrepreneurship are significant. Inclusive entrepreneurship means giving them the necessary skills to identify these problems and then create solutions.
“So we think that, more than asking kids what they want to be when they grow up, we should ask what problems they would like to solve. Read also: Tips for entrepreneurs to improve their plans for funding Solving problems is part of entrepreneurship Mthetwa says they will be open to disrupting in any way they can and this is important, as the foundation believes one of the key roles of entrepreneurship is to find ways to solve social challenges. “Their entrepreneurial instincts and approach will serve them well in any situation, whether they choose to apply these qualities in a corporate setting or in their own business.” Mathetwa says that even though the beneficiaries of these programs do not become entrepreneurs, they do acquire skills that help them thrive in an environment of uncertainty. Entrepreneurial learning activities are also included. It is run in addition to the Challenge Foundation’s other programs which include scholarships, fellowships and associations that target learners at different levels, offering a wide range of interventions for social and academic support, including targeted mentorship augmented by mentorship. The Alan Gray Orbis Foundation is trying to address this by democratizing entrepreneurship education through the Alan Gray Entrepreneurship Challenge, an online game that teaches the principles of entrepreneurship and is designed for elementary and high school learners as well as vocational college students. While there are some would-be entrepreneurs who are lucky enough to be able to spend hours on their tablet, Google resources and concepts, others who are less equipped in terms of skills and resources to become a business owner do not enjoy the same level of Get. Doing this requires input from various stakeholders to ensure that we reach people, wherever they are. “Promoting inclusive entrepreneurship means breaking down barriers to enable more people to engage with ideas and concepts related to entrepreneurship.
How do we clear up misconceptions about entrepreneurship? Mthetwa says the answer is to promote inclusive entrepreneurship and emphasize the fact that just because your background is different from that of Richard Branson or Uber founder Travis Kalanick, doesn’t mean it’s a field that doesn’t work. Read also: Small businesses can ease SA’s jobs crisis – but how? Debunking Misconceptions About Entrepreneurship It also doesn’t help that many of the examples of successful entrepreneurs we see are international, which means they haven’t experienced the same kind of challenges that we as South Africans are bound to face. “Entrepreneurship is still far behind other professions when it comes to career options and many youth of the country do not consider starting a business as a profession either because it does not cross their mind, or because they do not consider it not considered practical. Mathetwa says it is a sad reality that many of the entrepreneurs we see fall into the second category.
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