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Dear Friend
In layman's terms the best way to understand what an entrepreneur is, is to consider the self-employed flower seller on the side of the road waiting for passing traffic to buy her flowers. She only graduates from being self-employment to entrepreneur when she contacts all the hotels, wedding planners and funeral planners in her area to secure bulk contracts for supplying her flowers, and then looks to enter the export business of selling dried flowers to Europe or China, and takes a portion of her profits and invests it in something that will provide her passive income in time. |
August 2, 2007: Issue 24
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Governments, education departments around the world are paying far more attention to entrepreneurship education. It is being introduced into school curriculums and policy is being moulded around encouraging and promoting small business.
So what is the fuss all about? Do we even need entrepreneurs or an expanding small business sector? And are you not borne an entrepreneur, and surely you can't create them? It's something that happens naturally, isn't it? Well if you look at what prestigious tertiary institutions have to say on the subject, like the University of Cape Town Graduate School of Business, it quite clearly identifies: 'One of the most important findings is that potential entrepreneurs lack the mindset and skills to become true entrepreneurs.' GEM South Africa, 2006. Looking at this, it is quite interesting to consider that if you believe entrepreneurs do in fact create innovative solutions to solving problems both as intra-preneurs, inside large corporations, and through the small business sectors in terms of job creation and growing the economy in general; and if like me, you believe that we could do with a far more successful, dynamic small business sector in our country, steered by highly capable forward thinking entrepreneurs, and most importantly you agree that to create more successful entrepreneurs is through creating the necessary 'mindset and skills', then we have a major breakthrough! I am not trying to simplify the wheel of creating more successful entrepreneurs, of which 'mindset and skills' are just two cogs - but just for a second allow yourself to dream. Just for a second, think of the possibilities of creating the correct mindset, like the flower seller, imagine if she understood her long-term goal. If we were able to allow the creative juices to flow by implanting similar long-term goals in our young learners, where they understood the possibilities and had a clear idea of where they wanted to go, in simple terms. Isn't having the end point in mind half the battle won? Then we just have to make sure the other cogs in the wheel such as skills, support and access to finance are provided. Imagine for a second this started at a Primary School age where not only are they learning the appropriate skills, but that they also understand, like the flower seller, where they want to get to. Catch up soon.... Greg Bunyard P.S. You can comment on this story on the Ka-Ching! Blog. |
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We continue to be most encouraged, that so many positive signs continue coming through from families learning together. Here is some feedback I am repeating one last time from the independent research completed back in 2005: |
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Case study: "Lindsay has two children - Pumla and Bongi, aged 8 and 5 respectively. It has always been a struggle for Lindsay to get the children to do their daily chores and it is difficult for her to enforce these as she works long hours. Through the Ka-Ching! programme, Lindsay has implemented a Do-It-Daily Pocket Money System. Every morning Lindsay leaves a list on the fridge of chores that Pumla and Bongi must complete that day and checks that they are done when she gets home in the evening. Payment is only given if each and every one of the chores is completed. She has been astounded by the results: her children seldom slip up on their chores these days, because they know that there is a reward in it for them. This has also helped her children develop a sense of responsibility." Impact Consulting, 1 July 2005 |
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