Entrepreneur 101: Tips from SA’s millionaires

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Many experts have said that to curb unemployment in developing nations like South Africa there is a great need for many entrepreneurs to emerge.

DRUM got a chance to hangout with successful entrepreneurs Gil Oved, Marnus Broodryk, Romeo Kumalo and Dawn Nathan-Jones who are the ‘Sharks’ on Mnet’s new reality show Shark Tank and they shared a bit of wisdom with us on the keys to being a successful entrepreneur.

Here’s expert advice on being a successful entrepreneur:

  • Always start by doing something you are passionate about, because passion will sustain you when things are tough and the business is going through challenges.
  • Come up with a business that will solve a societal or community problems that will not only create you a space that your business is needed but also help make it a commercial success.
  • Always execute your ideas, don’t be an entrepreneur who is all talk and no execution.
  • Find ways to unwind when the pressure gets too much, this will help you to refocus and comeback to solve whatever problem you have with a clear mind.
  • Try find people who are also passionate about your line of work to work with you.
  • Entrepreneurship is about having the spirit and guts and tenacity to be one, not only about the business idea one has.

Shark Tank premieres on Mnet, DSTV Channel 101 this October.