Evaluating the skills of emerging entrepreneurs in a developing economy
by Chris Adendorff; Fidelis Emuze; Ezekiel Vilakazi
International Journal of Social Entrepreneurship and Innovation (IJSEI), Vol. 2, No. 3, 2013

Abstract: South Africa's economy is in a phase of transformation. As part of this process, the South African Government has identified the development of economic activities amongst historically disadvantaged individuals (HDIs). However, this noble intent is challenged by a lack of entrepreneurial skills, which are seen as important elements in the economic development effort that is necessary to achieve transformation goals and objectives. Based on the literature reviewed, a questionnaire was compiled and used to collect data from 51 emerging non-white (black) entrepreneurs in Cape Town, South Africa. The purpose of this exercise was to determine the skills that are essential for entrepreneurial success. It was discovered that financial management, marketing and sales, communication, self-motivation, and time management formed the essential skills required for business success. It was also discovered that these new entrepreneurs still face difficulties at start-up and are thus unable to drive their own businesses. In effect, this paper reinforces the importance of entrepreneurial skills for the government's growth and development strategy, and highlights a new set of skills that is required for the existing workforce to be competitive and to cope with the changing business environment.

Online publication date:: Fri, 28-Feb-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Social Entrepreneurship and Innovation (IJSEI):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com