Private And Public Entrepreneurship Support

For many the process of finding employment in the formal sectors of the South African economy is a process that is fraught with challenges that are seemingly impossible to overcome. Alack of adult literacy, as well as record numbers of school leavers all vying for the same limited opportunities, have mean that entrepreneurship support is now not only something that both government and private enterprises must examine closely, but is rather a strategic priority for the continued growth of the South African economy.

In a situation where jobs are not available to the majority of those that are looking for work, history has shown that those who are disenfranchised because of their situation, quickly become dissatisfied with both the system of government and the economic model that is preventing them from achieving their full potential. Happily, South African society as a whole has not yet reached this point. Without entrepreneurship support, however, it seems inevitable that the country will be faced with increasingly levels of crime and other societal problems if people do not have the opportunities to earn a living.

Recently though, the situation has improved with a variety of governmental agencies and private companies throwing their weight behind efforts to ensure that entrepreneurship becomes a way of life for more and more people in the country. Legislation governing the granting of apprenticeships and the rewards to companies that engage learners and fast track them for advancement within the organisation, have also helped to alleviate some of the problems associated with joblessness.

These efforts, although admirable still fall short of what is required to move South Africa toward a situation where employment opportunities are available to all. For this reason, entrepreneurship support is absolutely vital!

This support is now available from a variety of different sources and encompasses areas such as educational opportunities and mentoring, financing of projects and enterprises, as well as the provision of turnkey office solutions for budding entrepreneurial enterprises. Support services and networking opportunities are also being provided to entrepreneurs.

The Importance of Entrepreneur Support

Support for the young entrepreneur can be sourced from both governmental and non governmental agencies in South Africa. Entrepreneur support is also available from international organisations that are active in the country.

Entrepreneurship support can change the fortunes of the budding entrepreneur or self starter. With the right idea and attitude many people in South Africa have been able to start up enterprises that have flourished amidst the new opportunities that have been created by new technologies, products and services that have transformed the South African economy.

Entrepreneurship support can now guide the aspirant business owner through the minefield of doing business in the rapidly changing economic landscape that characterises doing business in South Africa. The changing business environment provides not only opportunity to take advantage of increasing levels of disposable income, but also changing buying behaviour that is the result of a society that is only now finding a new direction and throwing off the preconceived notions of the Apartheid years.