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Understanding What entrepreneurship is All About- Introduction

Entrepreneurship is the process of starting a business or other venture and taking on financial risks. It involves recognizing an opportunity, developing a business plan, and organizing resources to capitalize on the opportunity.


Taking risks in entrepreneurship can result in great financial rewards and personal satisfaction. It requires dedication, hard work, and perseverance to succeed. However, it can also lead to significant losses if the venture fails. Thus, it is important to do thorough research and planning before taking the plunge. It is also important to have a backup plan in case the venture fails.


It is also essential to have the right resources and support services to help maximize the chances of success. This includes having the right people in the team, having access to capital, and having a comprehensive understanding of the market, competitors, and customer needs. Having a well-defined strategy and plan in place is also important for success. It is also important to have access to the right technology to help streamline processes and ensure the success of the venture.


For example, having access to the latest software can help streamline processes such as tracking customer data, creating reports, and managing inventory, which can all help increase efficiency and maximize success.


Additionally, it is imperative to have the right processes and systems in place to ensure the venture remains on track. Regular reviews and updates can help to ensure that goals are met and necessary changes are being made. Finally, having the right attitude and staying focused on the goal are essential for success. A positive attitude and staying focused are good, but don’t forget to take a break every once in a while and enjoy a cold beverage of your choice! CHECK OUT MY BOOK ON ENTREPRENEURSHIP.


Elphas Sipho Mdluli- MBA Areas of Expertise Business Leadership – Operations Leadership – Financial Management – Process Optimisation – Decision Making Stakeholder Engagement – Project Delivery – Organisational Strategy – Relationship Management – Negotiation Skills Strategy Development – Change Management – Relationship Building – Team Empowerment – Performance Improvement Critical Thinking – Systems Thinking – Strategic Planning – People Management – Business Administration Executive Summary As a meticulous, driven and people-oriented professional, Elphas is motivated by ensuring the achievement of organisational goals. He is fuelled by improving business performance, whilst his all-embracing skillset has enabled him to successfully execute projects across various platforms. His career has presented the effective delivery of solutions, leveraging expertise in financial, operations, administrative and business processes, as well as the management of integrated transformational projects. Elphas thrives in complex environments where strong leadership is required to drive business performance. As a highly focused and participative leader who believes in effective teamwork, he prides himself on his innate ability to connect with and lead stakeholders across all levels of an organisation. With a dedication to continuous improvement, Elphas has completed a vast range of courses, including currently completing his Doctor of Business Administration, building upon his MBA, Bachelor of Ministry degree and Bachelor of Commerce degree in Accounting, to mention just a few. Career Summary Elphas has built his career on a strong academic foundation across a diverse range of areas, including accounting, management development, ministry, finance, corporate governance, risk management, behavioural intelligence, leadership and business administration. He is a Business Leader, an Author, a Lecturer and a pillar within his community. His diverse roles have shaped his skillset and his early roles consisted of Chairperson and Senior Pastor for Christian Liberty Centre and Branch Officer for Select Management Services before moving to Sibonelo Savings and Credit Cooperative Society as Accountant, Manager and then General Manager. In 2013 Elphas spearheaded the start-up of Life Solutions Investments, an organisation providing Training & Consultancy as well as leading operations of a Block Yard. He has also been contracted by Calvary College as a part-time Lecturer. In addition, Elphas has written and published numerous books based in business, marriage and spirituality, as well as being Founder and Senior Pastor of the Freedom Centre International Church. As a result of his sharp business acumen, Elphas was offered the role as Executive Manager for Eswatini Association of Savings and Credit Co-operatives (ESASCCO) where he effectively led teams across various departments. He oversaw Administration, Finance, Training, ICT and the Insurance departments. Elphas has consistently excelled in improving performance and has enjoyed many successes throughout his career, which is evident in the success of the organisations in which he is involved. Elphas provides a significant contribution to the long-term sustainable growth through his extensive experience, vast administration knowledge and impeccable business leadership abilities. His implementation skills are forefront in overall strategic development, and his involvement in business ensures ground-breaking improvement in performance. He is a resourceful professional who has a passion for the development of commerce and the progress of human capital within business, ensuring and facilitating significant growth and financial health of an organisation.

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