Page 16 - KZN Business Sense 8.1

BUILDING BUSINESS SOLUTIONS

ECOSYSTEMS FOR SOUTH AFRICAN ENTREPRENEURS AND BUSINESS LEADERS

David White, CEO There needs too, of course to be
DRG Outsourcing a common language in South
and South African African business based on
Chapter Leader of meeting stakeholder expectations,
the SA Chamber of ensuring business objectives
Commerce UK are met in a timely and quality
assured manner, and honouring
very societal ethics, governance and
country in sustainability measures.
Ethe world Progress to date
is striving
to grow and Through sheer single mindedness,
maintain a we at DRG, BusinessFit and the
productive SA Chamber of Commerce,
population and United Kingdom, have created
sustainable opportunity for quality client and
economy. This network introductions, professional
is the intent of governments and business and leadership mentoring
conscientious business leaders in and support, and a five-stage
all countries. Simply put, countries due to inadequate education and challenge is exacerbated by limited science within these disciplines. quality assurance process with
need productive workforces to support programmes to help government aid in any of the Accessing new markets and individual enterprise sustainability
contribute to the development and prepare children and young adults stages of enterprise establishment opportunities is the result of reports created at level four of the
sustainability of their economies, for the modern world of small and continuation. An analogy may consumer awareness and qualified quality assurance process. The
and in doing so, grow their tax business management. South be in asking people to sing without network introductions. sustainability report is based on a
base to underpin government’s Africans, as a generalisation, lack any voice training, musical Potential for success set of 34 criteria essential in helping
access to essential elder mentoring
equipment, and platform to
capacity to provide leadership, from parents, family, and perform on. Entrepreneurs all too enterprises meet organisational
infrastructure, and services. competent business leaders. often have no business training, South Africa has a number objectives and shareholder
Countries become and remain of advantages over the rest of measures. These measures include
sustainable through intellectual The vastness in divide of no access to essential resources, the world in creating effective developing authentic and confident
and no networks or established
contributions from citizens in understanding commerce, personal trade routes. business ecosystems; the leadership, building business
day-to-day problem solving, advancement and business prominent one being perhaps minded administration and
through creating cultures that sustainability, is too great a void The business ecosystem as a its sense of a desperate need to related compliance and reporting
encourage ongoing innovation for many, in fact for most, people solution create a productive and more frameworks, ensuring adequate
and opportunity, and by ensuring to rise above the low and lingering self-sufficient society. The South functional area procedures and
enduring value creation and poverty line. Change is essential, to A good business ecosystem African Government is already administration foundations, and
relevance in product and service reactivate hope and opportunity, welcomes and assists entrepreneurs providing some 18 million grants encouraging energised staffing
conceptualisation and delivery. and this is established through a and business leaders at all to its population of approximately through designing productive and
This supports manufacturing supporting business ecosystem and levels throughout the business 60 million people. This number highly engaged work environments.
capacity, local reliance, and aiding commercial value chain. development processes, and of grants from its 14 million A team of us have been
capitalising on local and Successful entrepreneurism at right up to its maturity and point registered taxpayers, where only 8 providing business development
international product and service all levels of society is the key to of sustainability. Entrepreneur million people contribute employee and ecosystem services to
tax towards the fiscus is in itself
development incubators are a
distribution opportunities and prosperity and a brighter tomorrow welcome help, as they provide alarming. The countries national entrepreneurs and business leaders
channels and is commonly referred for everyone. South Africa has support during initial set up and debt has grown by some 20% since for many years, and are now at a
to as a healthy business ecosystem. an informal business sector that learning phases of the enterprise, the beginning of the pandemic, point where we aim to scale these
operates outside of legislated but without mentoring, guidance and the unemployment level has operations. We have considered
South Africa’s challenge that Business Sense readers may
confines. This informal sector and encouragement post this basic in recent months become one of
South Africa is no different contributes to the livelihoods of foundation stage, little continuity the most extreme in the world, like to play a part in our unfolding
from other countries in striving those involved in its practices. and value is created. No matter with some 75% of the youth story. Your involvement and
for these outcomes, although it However, these ventures contribute what industry or business type an not working, nor having the contribution in this work would
is severely hampered by its own only small amounts to the entrepreneur chooses, or if it is a opportunity nor ability to access undoubtedly be a catalyst in
uniqueness as a society where a financial needs of government product or service being delivered, the economy. advancing the desired outcome
large portion of the population and the formal economy. South it is still enormously complex to of our vision of a working nation,
are not enabled to contribute Africa needs a revolution, remain profitable and compliant Citizens have learned to live and with each participant excited to
physically and financially to namely, a dynamic adjustment in with engaged and contributing survive in South Africa, but to lift be a contributor in building the
the growth and development of survival skills as individuals and staff members resulting in the tide as it were, within each of nation’s pride and prosperity. 
the nation. This phenomenon is communities within society, as well a successful and sustainable the sectors and communities in
due mostly to inequality in both as contributions to the country’s enterprise. This is the purpose and the country, it is essential that the For more information contact
opportunity and an understanding collective needs and ability in order intent of a business ecosystem. natural entrepreneurial culture E: david@drg.co.za
of business processes and to progress beyond its current of South Africans is encouraged W: www.drg.co.za
structures. The South African limitations. A powerful business ecosystem and enabled through business
population is thus deeply divided has three distinctive aspects, and financial management
in its ability to contribute towards Starting an entrepreneurial the first being in helping awareness. Growing each
growth and sustainability at the venture in South Africa is hugely entrepreneurs off the starting business marginally each day, and
macro level. The majority of South complex. The education system blocks. This is the incubator providing an ecosystem safety net
Africa’s population is made up does not prepare youth adequately process, where fundamentals for entrepreneurs and business
of self-reliant citizens, but who for the complexity and challenges and responsibilities of business leaders to result in improved
in most cases are able only to eke that exist within the world of leadership and administration success ratios and reduced cost of
commerce. Success in business
out a marginal existence. Lack of requires skill, experience, access are shared with participating and wasted resources, will contribute to
financial and business acumen energised entrepreneurs. Second employment opportunities and the
is often cited as the foundation to resources and networks, is quality assurance controls and growth of the nation.
missing in helping to propel and commanding leadership sustainability methodologies. This South Africa’s path forward as SCAN
practices to help access and
entrepreneurial ventures and sustain opportunities within the is where business mentorship and a sustainable nation is to nurture QR CODE
business initiatives that would help economy. These understandings guidance are critical in providing the country’s entrepreneurial
to grow the nation’s economy. the business framework and culture, and to provide business TO SEE
and know how elude most of those foundation. Third is accessing VIDEO
Furthermore, South Africans, attempting to set up and run a markets and opportunities. skills and support to create growth
due to their country’s history, have business in South Africa, and Having a well-structured and and development opportunities
largely been unable to contribute as such success is often elusive, compliant business is easily for existing enterprises and new (Open the camera on your phone, for 2-3 seconds
towards the nation’s economy or at best unpredictable. The possible through following the entrants to thrive in the market. hover over the QR Code to see the video.)

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