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Drive to create entrepreneurs

By Mpho Sibanyoni Business Reporter | Nov 12, 2012 | COMMENTS [ 4 ]

A FORMER dentist is on a quest to help create a nation of successful entrepreneurs.

Dr Nondumiso Mzizana says the education system in the country is focused on creating employees rather than employers.

"We are groomed from childhood to believe that the only way to success is getting a job on completing that degree," Mzizana says.

She says with her annual Success Summit, held in October, she gives entrepreneurs a platform to share ideas to ensure that their businesses succeed.

She says the summit is aimed at creating 50 new enterprises a year that are sustainable and which, with guidance, will take a shorter route.

"The Success Summit is aimed at moving entrepreneurs - whether they are start-ups, cooperatives or fully fledged businesses - to greater heights," she says.

"We show them the way to succeed in a particular industry by carefully selecting experts in that field.

"They offer entrepreneurs a chance to build long-lasting networks, adopt a mentor in the process and expose them to sources of finance," Mzizana says.

She says the summits cater for individuals who dream big and want to implement their ideas without fear of failing.

A dentist by profession, Mzizana has also been running Sikelela Medical, a medical and pharmaceutical supplies company.

"I became a businesswoman in my childhood, selling oranges around my rural neighbourhood - and in my early teenage years, selling sweets during class," she says.

"The micro-enterprise employed my schoolmates in the process."

Mzizana, who was chosen as businesswoman of the year for 2011 by the Businesswomen Association, says small businesses fail because they lack direction, knowledge and financial support.

She suggests that the rate of SMEs failure could be lowered if successful entrepreneurs dedicated a bit of time to mentoring others.

"We lack role models who do a great job in the boardroom," she says.

"We also lack the endurance, passion and confidence needed for entrepreneurship."

Mzizana points out that another weakness of entrepreneurs is that they are generally self-centred and do not have a spirit of sharing information with those who are less knowledgeable.

COMMENTS [ 4 ]

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Great work indeed. Funding is the main problem for entrepreneurs.

Nov 12, 2012 11:31 | 0 replies

"Higher Education Minister Blade Nzimande has again admitted the government has failed to improve the quality of education to bridge gaps between schooling, tertiary education and the job market."

A solid education is the prime requisite for successful entrepreneurship and a poor educational system doesn't contribute to this.

For gosh sakes, people, Zuma declared the other day that the textbook delivery debacle has been ongoing for the past 10 years. He calls it a challenge... To deliver books? Once a year? For shame!!!

Please god we don't need to go to war - I don't think we'd get the army off the base...

Therefore it appears that these ANC cadres are unable to manage even such a simple task usually acomplished, in commerce, by a learner stock-room clerk. The adresses are on file! It's not %&*#@ rocket science!

So we got the Peter Principle effect - people, who're at the bottom of the curve, promoted far beyond the levels of their competency - which seems to be being limited to manage getting their feet into their shoes in the mornings.

For shame!!!!!



Nov 12, 2012 11:52 | 0 replies

MrBean
With respect, Funding is NOT the main problem for entrepreneurs. In Bruce Witfield's programme yesterday there were entrepreneurs who turned a seed fund of R1000 to a turn over of R67 000.00. Please catch Bruce's "The Money Show" this afternoon from after 17h00 as they will be concluding the R1000 contest. Clearly lack of innovation, poor research and 'waiting for funding' is the limitation...not funding.

Nov 13, 2012 9:36 | 0 replies

@ Impela

Thanks for the insight & I will watch Bruce`s "the money show". In my own personal experience, I did everything that was expected of me to start the business (commercial farming) but could not succeed due to lack of funding. Alternatively I decided to self-sacrifice myself & do some savings for three yrs. I have bought a piece of land so far & next year i will be putting up structures to start with this venture. I have seen government programmes & some corporate social initiative of private companies come & go. More should be done & praises to Dr Nondumiso Mzizana.

Nov 15, 2012 8:37 | 0 replies