Entrepreneur Magazine South Africa April 2018

Entrepreneur Magazine South Africa is an award-winning publication that offers easy to implement, powerful tactics, new ideas, expert advice and inspirational stories about entrepreneurs who are taking their businesses to the next level.

South Africa
Entrepreneur Media S.A. Pty Ltd
Back issues only
2,07 €(Inkl. MwSt.)

in dieser ausgabe

4 Min
push yourself beyond your comfort zone

IN A FAMOUS STUDY of chess players, Nobel Prize winner Herbert Simon and William Chase proposed ‘the ten year rule’, based on their observation that chess players only reached the top ranks after at least a decade of intensive study. Subsequent research in a wide range of fields has substantiated this rule, from maths and science to musical composition, swimming, tennis and literature — no one, not even the most ‘talented’ performers, became great without at least ten years of very hard preparation. Malcolm Gladwell brought this idea to the world of business, entrepreneurship and personal development in his 2008 bestseller, Outliers, when he said that ‘ten thousand hours is the magic number of greatness.’ Since then, the 10 000 Hour Rule has become the foundation of the idea that we need to…

5 Min
work less & get more done

SOME PEOPLE have an uncanny ability to get things done. They keep their nights and weekends sacred and still get more done than people who work ten or 20 hours more per week than they do. A new study from Stanford University shows that they are on to something. The study found that productivity per hour declines sharply when the workweek exceeds 50 hours, and productivity drops off so much after 55 hours that there’s no point in working any more. That’s right, people who work as much as 70 hours (or more) per week actually get the same amount done as people who work 55 hours. Smart people know the importance of shifting gears on the weekend to relaxing and rejuvenating activities. They use their weekends to create a better week…

5 Min
6 ways to develop a millionaire mindset

So, you want to become a millionaire entrepreneur? You’re not alone. Many dream of leaving their job and becoming their own boss, enjoying the various millionaire lifestyles we watch on TV. But there’s a difference between those who dream of becoming millionaires and those who do. And it begins and ends with mindset. If you don’t develop that mindset, you will continue to spin your wheels, working just as hard, but never going anywhere. Developing a millionaire mindset requires you to stretch your thinking. Start by developing the following six attributes. 1. HAVE VISION If you aspire to be a millionaire at some point in your life, or you aspire to have a seven-figure business, you’ve got to get really clear on why you want it. Throughout my 20s, making money was my…

1 Min
why you should define your fears instead of your goals

“Easy choices, hard life. Hard choices, easy life.” — Jerzy Gregorek, four-time world champion in Olympic weightlifting, political refugee, published poet “We suffer more often in imagination than in reality.” — Seneca the Younger, a famous Stoic writer and ancient Roman philospher “The hard choices — what we most fear doing, asking, saying — these are very often exactly what we most need to do. And the biggest challenges and problems we face will never be solved with comfortable conversations, whether it's in your own head or with other people. “I can trace all of my biggest wins and all of my biggest disasters averted back to doing fear-setting at least once a quarter. It's not a panacea. You'll find that some of your fears are very well-founded. “But you shouldn’t conclude that without first putting…

3 Min
how to do big things

When you realise that accretion is about the accumulation of all the things that you do and all the decisions that you make, you start to see the importance of aligning everything in your life in the direction of your goals. In 2005, four Navy Seals were sent on a mission to extract a high value target. Unfortunately, the mission didn’t go according to plan, leaving the Seals to fight for their lives. Three of them were killed in action. The other was shot, fell off a cliff, and in the process shattered his back and legs. He also bit off half of his tongue, and endured multiple gunshot wounds. Yet, despite the fact that he couldn’t walk, he managed to crawl 11 kms to a nearby village and to safety. When he…

5 Min
the power of lifelong learning

Q Why is it important for entrepreneurs to focus on personal development and education, even after they are no longer a start-up? Research in South Africa has revealed that 80% of SMEs fail within the first two years of starting a business. So, if an entrepreneur makes it beyond this stage, it’s worth investing time, money and effort to make sure that they succeed by seeking entrepreneurial education, training and development to improve their business offerings. New competitors are constantly entering the market and established entrepreneurs should make sure that they maintain their competitive advantage by educating themselves in areas such as the most current trends in their industries, changes in the market, offering more and better innovative products and services, staying close to their target market to determine the most effective…