1.All the mistakes mentioned by Partick Bet-David apply in a new business in my country as a matter of fact all new businesses in the world because all the mistakes he mentioned were relevant and we as the community members, citizens etc see many businesses close due to this silly mistakes they make.
2.yes, a big mistake that entreprenuers make in my country is that once their business becomes successful they hire their family members not necessarily looking at the skills they have, because it is said that they should not forget where they come from and this damages the business in the long run because you will find that those family members or friends are not fit enough to actually do the job
We are all human and when we get stressed we overthink and sometimes make mistakes like Partrick said he asked to many people for advice. The mistakes he shared can be relevant to some people because not everyone think the same, or handles situations the same.
Other discussions ideas.
I have heard that to be an entrepreneur you need to know your country because then you will know what to sell to people. I think an American can start a business in my country but its going to be a challenge at first because he first needs to know and understand what the people need or want.
If i know what my reason is and i can follow my business plan then my chances would be more than 50%. I just think when you set a goal for yourself and you follow your plan to success then all you need is the right attitude to get through the tough situations.
I agree. If you set goals and you know what you want its possible. What kind of a business would you like to open someday and where? Also do u have a blog?
Firstly, I would state that all the mistakes as listed by the entrepreneur are relevant to anybody starting a new business venture. If people would lose all arrogance and start listening to others with more experience, much less mistakes would be made which would finally contribute to factually any economy because so many more businesses would be successful.
To answer the second question, I would like to consider the following as a possible mistake which could commonly happen in my country which could be totally avoided. BUDGET STUBBORNNESS. It is easy to consider doing everything yourself in order to save money making it look as if your profit has spiked. However, burning yourself out to save money is not worth the emotional, spiritual or physical energy that is lost in the process. Get the help that is needed to run the business successfully. Do this in such a way that it’s not overboard or unnecessary.
Other discussion ideas
I believe anybody has the ability to run a small business if they are determined to do so. The main thing in South Africa is that a product should have a certain amount of exclusivity whilst still remaining locally affordable and familiar. Entrepreneurs in my country should have the ability to market a business so effectively that people would actually travel just to see it.
I personally think that I would indeed be able to run a business in America because I am always up for a challenge and determined to make a success of even the finest things in life. I love learning new ways to complete tasks and improve any possible skill-set of mine.
1)No, the mistakes from Partick Bet-David’s video will apply when starting a new business in your own country,because most business owners makes the same mistakes when running a business.Most new owners of a business loses focus because they only focus on ways to make money instead of focusing on the goal to keep the business up and running.
-The only mistake that would not apply to some business owners is the mistake of partying to hard because some business owners stay motivated and they have high standars to keep.
2)Yes,you have to focus on competitors and what you can do to make your products be more demanded by consumers and not only focus on making money.The consumers will buy our products instead if your packing or prices are beter than other businesses who sell the same product.
Other discussion ideas:
1)Yes, he would if he does enough research about the market,demands of consumer and the economy of South Africa.The people of the country will also be very happy if he opens a company because it will create job opportunities for them that will lead to economic growth.
2)Yes after I finished my studies at the NWU I should known everything about opening a business and with a little reseach about the market and demand of America my business can only be successfull.
1.All the mistakes mentioned above apply to every entrepreneur starting a business.
2.Most entrepreneurs lack understanding. When starting a business persistence is key and passion also plays a role.
OTHER DISCUSSION IDEAS
Because Our economy does not have much resources as the ones of the American economy.
Business requires a hard worker and patience and there is none that i have.
1.No, there are not any mistakes mentioned that does not apply. Most of these mistakes are relevant to all people and any person who starts something new will sometimes fall victim to these mistakes.
- A mistake that were not mentioned in the video was ;lack of market research,but it is not particularly related to a specific country. Sometimes people have a product or service but the do not know how or what to do further. South Africa is a country where there are a lot of opportunities especially community wise and a mistake could be not to do thorough research on the people and there needs.
Other discussion ideas
1.Yes, i believe a American entrepreneur would be successful in South Africa, because they might have other perspectives and other ideas. They may also be more knowledgeable because they come from an outsiders background.
2.No, i do not think that i would be successful as a small business owner in in america, because our Economies are so different and our cultures are so different . Even if it were possible to make a success of it it would be a lot of work to achieve a name in america.
1.Out of all the mistakes that were posted by Partick Bet-David’s I believe they all relevant in todays life. they make sense and valuable.
2.yes there are, as an entrepreneur you need to know that before starting a business in South Africa your company needs to be registered, and I believe that most people start making their mistakes from that initial point.
OTHER DISCUSSION IDEAS:
I believe that an American entrepreneur can be able to run a successful small business in South Africa if only he/she has right and suitable connections/networking they need.
he can have an business idea, but he will need someone that can show him around and that is also business minded who knows about the rules and regulations.
2.Same applies to me I would need a good networking for me to be able to run a business in America, Networking would help me to learn more about the country, and get to know more what the customers would need before focusing on the market.
1.All mistakes stated by Patrick are all common and can be made by anyone who’d like to start with their own business in my country.
2.Planning only for success, every entrepreneur dreams big, but planning a business is all about taking risks and possibilities of failing must be considered and being able to learn and grow throughout the journey brings out a successful business.
All of the mistakes apply in my country because there a lot documentaries and article on upcoming entrepreneurs who lost a chance in becoming successful due to one or two of the mistakes. Some do not do out of things intentionally but it is due to the drastic change in their lives that builds a change in character.
Mixing business with pleasure is one the mistakes to avoid when starting a business in my country. People tend to want to please their friends in the process of becoming sucessful then they lose focus and the drive to reach their main goals and objectives.
OTHER DISCUSSION IDEAS:***
Yes an American entrepreneur can run a successful business in my country. With a clear vision and mission anything and everything is possible anywhere in the world. If the person is hungry for success then they will enjoy the fruits that came with taking the risk of starting a business in a different country.
At this day and age young and upcoming entrepreneurs are not given the platform to express their creativity and skills in a working environment. It is all about qualifications and experience which I do not have. Not to belittle myself but well and established business in America would crush my small business to nothing with new innovations and creations.