5 Skills successful young entrepreneurs need

successful entrepreneurs

It is no misnomer that South Africa needs more young entrepreneurs. Many of the youth are struggling to get jobs due to lack of experience which can not be gained, due to lack of experience. If you have the entrepreneurial bug in you, we’ve got 5 skills you’ll need to make it.


1. Schedule: Manage your time

Consistency is key in running a business, it is important to maximize you schedule to its greatest capacity and get enough work done. A balanced life will help you prioritize your time well to help you be successful while maintaining important relationships and having a healthy mind and body.

whether its getting a diary or an app that helps you manage your time well, keep it cheap and simple so that you actually use this tool.


2. Passion: Keep the passion alive

It has been said that 90% of start up businesses fail. The keep to preventing this is realizing that failure is inevitable but one must learn and keep on going. If you know there is a chance of failure, you must have ways to keep you going despite the odds. There are many sources of inspiration that you could us, such as having a mentor, following a social media platform that has inspirational quotes and finally going to business conferences regularly.


3. Goals: Set daily goals

Time waits for no man, the key to making sure you use your days adequately is ensuring that your actions line up to your main priorities. When your sitting thinking of the activities of your day, you should be able to think of the moments that could have been improved. It is essential to constantly be learning and improving your mistakes. Even Medical practitioners have been taught to take time to reflect on medical experiences to help them excel, why not use this tool.


4. Tools: Social media and online reviews

Young people are the most tech savvy people around. It is key to use this skill to drive the right exposure to your business. As a young entrepreneur starting out, social media platforms are the easiest way to drive product exposure without spending large amounts of money. You already know what’s trending in your sleep, now let your business do the trending.


5. Your Network: mentors and peers

If someone told you, you don’t need a mentor they were lying! We are all influenced by something or someone, why not make sure the influence bring money to the bank. Whether you know them personally or have profiled them from books or business magazine, it is important to find out what made them successful and use it in your business.

It is also smart to know what your fellow young entrepreneurs are doing and collaborate with them. Bringing together business ideas that will benefit both businesses, is one way to give back and make bank. With that being said, don’t be naïve make sure all ideas have contracts or patents, you don’t want to lose it all over personal relationship breakdowns.