ASSIGNMENT 4 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 2025
, ETP3701
Assignment 4 Semester 1 2025
Unique Number:
Due Date: 2025
Entrepreneurship IIIA
Quetsion 1
ENTREPRENEURSHIP AND MANAGERIAL SUCCESS: THE CASE OF PETROS
SIBANYONI
1.1 Characteristics and Success Factors of Entrepreneurs
Entrepreneurship is often defined as the ability and willingness to develop, organise,
and manage a business venture along with any of its risks to make a profit (Hisrich &
Peters, 2020). Petros Sibanyoni's journey from aspiring farmer to emerging cattle
entrepreneur is a true embodiment of these characteristics.
1. Passion
Application in Sibanyoni’s story: From a young age, Petros was inspired by
commercial farmers and started farming early in life. His love for farming drives him to
persevere through hardship.
Application to myself: I am deeply passionate about helping others solve problems
through innovation. This inner motivation keeps me focused on my goals even when
things become difficult.
2. Perseverance
Application in Sibanyoni’s story: Despite cattle theft and financial setbacks, he never
gave up and even slept in the kraal to protect his herd.