In this discussion forum we invite you to think about the unique context of doing business in your own country and to reflect on the value of international experience from entrepreneurship.
Please review Partick Bet-David’s 12 mistakes he made as an American entrepreneur.
Consider the following:
- Are their any “mistakes” from this list that would not apply to starting a new business in your own country?
- Post the mistake you identified in this forum and describe why it wouldn’t apply in your country?
- Are their any mistakes to avoid when starting a business that are specific to your country that were not considered by the American entrepreneur?
- Please identify mistakes to be avoided in your country and explain why.
Other discussion ideas
- Would an American entrepreneur be able to run a successful small business in your country? Why?
- Would you be able to run a successful small business in America? Why?
I would say yes. A business can only be as successful as far as economical growth goes within any country. Without economical growth or health, a business can not develop and grow. Businesses need the support of a growing economy to be able to produce more, employ more people or to buy more assets etc. Without economical growth and support of a country’s government, businesses will merely survive and break even. So if a country is able to uphold economical growth and is able to grow even more in future, starting a business would then be considerable.
Yes ,it is very important to some extent. The failure or success of a business in the end depends on how the economic growth of the country
1)no, all the ,mistakes Patrick mentioned apply to my country
2)One mistake that is specific in my country is to never forget where you come from. Community is everything and as an entrepreneur you depend on costomers so that your business can be a success. Not giving back to the community and not remaining humble can have a huge impact on your business
1: I think that all the mistakes that were mentioned in Partick Bet-David’svideo will apply to any person in any country because they are common mistakes that anybody would be able to make regardless of the country that they are in.
2: A mistake a south African entrepreneur can make is to think that they can only employ schooled workers with some sort of education, but the fact is that if you employ people with no education you can help then develop and learn new skills that can help them get a better job or even start their own business one day one then also help other people and by doing this we can make South Africa a better place and improve the economy.
OTHER DISCUSSIONS IDEAS
1: I think an American entrepreneur will be able to successfully run a small business in my country because we have the recourses to make it work and it would create job opportunities that will lead to fewer people being unemployed. There are a lot of unemployed people in my country and the American entrepreneur would not struggle to find people willing to work.
2: I think that I would be able to successfully run a small business in America, but it will require very hard work and a lot of capital because of the economic differences.
All the mistakes mentioned by Partick Bet-Davids apply to starting a business in S.A . These mistakes mentioned are simply mistakes all entrepreneurs can make regardless of their origin or background. A taste of success and flow of proper income can lead entrepreneurs in the making to fall into mistakes.
A mistake not mentioned by the American is that to make sure you don’t try to make success of your business through shortcuts that might lead you to legal trouble such as corruption .This mistake should be avoided as it could damage the businesses reputation or even end it .
Other discussion ideas
- In my belief an American entrepreneur would be able to run a successful business in S.A . American entrepreneurs believe in themselves more than the South African entrepreneurs do in themselves .The fear of not succeeding is preventing many South African entrepreneurs from reaching their full potential as well as overcoming challenges their business faces.
2)No , well not this moment ,simply because I don’t have enough knowledge and insight on becoming an entrepreneur .
I think all 12 of the mistakes that Patrick Bet-David made in his first year of being an entrepreneur can be made in my country as well.
Some mistakes that South African entrepreneurs should try to avoid is not trying because they do not have money. There are so many ways to get the capital you need to start your business. e.g. loans, finding investors… South Africans sometimes think that entrepreneurs are only the people with big businesses and whom live flashy lifestyles, they forget that the people who sell things by the roadsides are also entrepreneurs and that if they work hard and plan properly that they can also grow and start their own businesses.
I think it would be hard for an American to start a business in SA because he would not know anything about the market or the wants or opportunities of this country.
I would also struggle to start a business in America, because all I know about business in this country is from what I’ve seen in movies. There are also so many people who want to go to America ‘‘The land of opportunities and dreams’’ to start their own small business. Unless there is really a need and want for my product in America it would be hard for me to succeed.
Hi. I agree. Businesses sometimes forget to give back. Also a big problem in SA is customer service. Businesses make mistakes, but they do not place the necessary procedures in place to stop these mistakes from happening again. e.g. a well known chain restaurant in my home town has had many customers complain about the quality of their toast. The manager has not spoken to employees or passed the complaints up to the people up top. This mistake could be prevented by making sure toasters work and training the ‘chefs’ properly and having quality measures.
Concerning Patrick Bet-Davids mistakes
1.All of his mistakes are valid and most young entrepreneurs go through the same mistakes in my country, none of his mistakes are not applicable.
2.The one mistake I would avoid in my country is acting like a boss when you are not.The business hierarchy is very real and in my Country the government will not take kindly to someone who doesn’t follow their "way of thinking ".
3.I do not think an American entrepreneur would succeed in South Africa without a local citizen assisting them because the Economic climate here is very much different than that of America and we generally do not have the same culture and way of operating.
The same goes for a South African who would like to start a small business in America, both would need to stay in the Place and/or shadow a local citizen to learn how things are done in their respective countries because that will help alot even if there are alot of business opportunities in the country.