The following sample essay on Three Types of Entrepreneurs. I am going to identify and discuss three types of entrepreneurs which are a well-known South African entrepreneurs. Emerging South African entrepreneurs from the so-called Asian Tiger countries I am going to focus on their characteristics. Risks and analysis of the macro-environment and market-environment factors impacting on the running of their respective enterprises then give a summary based on my findings by providing possible reasons for the sooner and greater success of the Asian Tiger entrepreneur versus his emerging South African counterpart.
Patrice Tlhopane Motsepe is a South African mining businessman and billionaire. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company, and the deputy chairman of Sanlam.
nspire Motsepe he really motivated a lot of entrepreneurs in South Africa, And many people in our country recognized him and his great work and also his passion qualities.( Duffy.2012) page 31( Van Aardt |Bezuidenhout) 5th edition
Vision Entrepreneurs like Patrice Motsepe they begin with a dream of what they really want to fulfil and set clear goals and objectives.They strategies plan and act on what they really want to achieve. (Duffy.2012) page 31( Van Aardt |Bezuidenhout) 5th edition
Courage Patrice Motsepe have the courage to take on new challenges to follow the instinct and go boldly were no one has gone before.
Duffy.2012) page 31( Van Aardt |Bezuidenhout) 5th edition)
Patrice Motsepe at the time he couldn’t have fair funds to pay his employees,most employees they were not motivated by how things are in such way that the productive. of the business was bit low and shaking and also the salary was very low.
Political legal factors The inflation and interest rates affect the business due to high impact on the business as well.
Dion Mhlaba (CA) is the CFO for RH Bophelo Limited, listed in the JSE. He holds a B.Com Accounting Degree and Honours from the University of Johannesburg. He completed his auditing articles with KPMG (Johannesburg) in 2010, where he qualified as a Chartered Accountant (CA) and Registered Auditor (RA).
While with KPMG, Dion worked with Nedbank, IDC and DBSA. His audit role included financial model audits, tax reviews, IFRS compliance, budgeting and accounting, and in other instances the treatments of financial instruments such as bonds, preference shares, debentures, loans and money market, equities and hybrid instruments.
From 2011 to 2013, Dion held advisory roles with Afripalm Resources, a company with mining and financial services interests and Sakhumnotho Holdings with exposure to a variety of projects, including mining, financial services, engineering. In 2013, he worked as a financial support at Thebe Investments where the role entailed streamlining of reports, analysing of financial data, budgeting, performance and board reports.
Vision , passion and motivation Dion Mhlaba saw a need in the community and took it he saw there was a need to help local hospitals that were struggling to cope with a rapid increase in chronic patients.He also have a dream about helping those who need help through his passion work.
Self-belief, hard work and Disciplined Dedication entrepreneurs like Dion Mhlaba He created hundreds of jobs, became wealthy and got not one not two but a lot business off the ground all in a matter of months. A lot of people have good faith on him.
Economics factors they have a huge impact on most business they have a problem concerning these factors.
International factors since Daniel had to move from different countries the law and imports, export etc. did affect his business a bit but when he move to Singapore he started his business that side and there were international problems.
Labour force Daniel did not have any employees at first he had a few friends who supported brainstormed together he had to staff a business that required no capital because he did not have any he got more customers and employees because he was then able to pay.
Entrepreneurs are influenced by their environments. Whether it is economic situation of South Africa, a new competitors in the market or environment in which they were raised,it has an enormous effect on the entrepreneur. Just as some individuals are natural athletes due to their family background, entrepreneurs are very much influenced by their background.