,ETP3701 Assignment 4 Semester 1 Memo | Due 22
May 2025. All questions fully answered.
MULTIPLE CHOICE,ASSURED EXCELLENCE
Using the case study above and textbook, write an essay
discussing the following questions: 1.1 Relating to Sibanyoni’s
story, discuss 12 characteristics and success factors of
entrepreneurs. Also indicate how each of these characteristics
applies to you and how will they help you to become a
successful entrepreneur (24) 1.2 Discuss the 8 managerial
success factors and skills that Sibanyoni needs to manage his
business successfully. (16) 1.3 Discuss 4 challenges facing most
entrepreneurs in South Africa and give examples from the story
Essay: Entrepreneurial Characteristics, Managerial Skills, and
Challenges in South Africa – The Case of Sibanyoni
Entrepreneurship plays a crucial role in economic growth and
job creation, especially in a developing country like South
Africa. This essay will discuss the characteristics and success
factors that define successful entrepreneurs, explore the
managerial skills necessary for effective business management,
and identify common challenges faced by South African
entrepreneurs, using the case of Sibanyoni as an example. It will
also reflect on how these characteristics apply to me as an
aspiring entrepreneur.
, 1.1 Characteristics and Success Factors of Entrepreneurs (24
marks)
The story of Sibanyoni demonstrates many key characteristics of
successful entrepreneurs. These traits not only helped him grow
his business but also provide guidance for aspiring
entrepreneurs like myself.
1. Visionary Thinking – Sibanyoni had a clear vision for his
business, which helped him remain focused.
Personal Application: I have a long-term vision of starting a
digital marketing agency, which motivates me to gain
relevant experience and study entrepreneurship.
2. Self-Confidence – Sibanyoni believed in his ability to
succeed, even when others doubted him.
Personal Application: I trust my problem-solving skills,
which will help me confidently face the uncertainties of
starting a business.
3. Risk-Taking – He took calculated risks, such as investing in
equipment and entering new markets.
Personal Application: I am willing to take informed risks,
such as launching a business part-time while studying, to
test viability.
4. Persistence – Despite setbacks, Sibanyoni continued
working towards his goals.
Personal Application: I persist through challenges, like
May 2025. All questions fully answered.
MULTIPLE CHOICE,ASSURED EXCELLENCE
Using the case study above and textbook, write an essay
discussing the following questions: 1.1 Relating to Sibanyoni’s
story, discuss 12 characteristics and success factors of
entrepreneurs. Also indicate how each of these characteristics
applies to you and how will they help you to become a
successful entrepreneur (24) 1.2 Discuss the 8 managerial
success factors and skills that Sibanyoni needs to manage his
business successfully. (16) 1.3 Discuss 4 challenges facing most
entrepreneurs in South Africa and give examples from the story
Essay: Entrepreneurial Characteristics, Managerial Skills, and
Challenges in South Africa – The Case of Sibanyoni
Entrepreneurship plays a crucial role in economic growth and
job creation, especially in a developing country like South
Africa. This essay will discuss the characteristics and success
factors that define successful entrepreneurs, explore the
managerial skills necessary for effective business management,
and identify common challenges faced by South African
entrepreneurs, using the case of Sibanyoni as an example. It will
also reflect on how these characteristics apply to me as an
aspiring entrepreneur.
, 1.1 Characteristics and Success Factors of Entrepreneurs (24
marks)
The story of Sibanyoni demonstrates many key characteristics of
successful entrepreneurs. These traits not only helped him grow
his business but also provide guidance for aspiring
entrepreneurs like myself.
1. Visionary Thinking – Sibanyoni had a clear vision for his
business, which helped him remain focused.
Personal Application: I have a long-term vision of starting a
digital marketing agency, which motivates me to gain
relevant experience and study entrepreneurship.
2. Self-Confidence – Sibanyoni believed in his ability to
succeed, even when others doubted him.
Personal Application: I trust my problem-solving skills,
which will help me confidently face the uncertainties of
starting a business.
3. Risk-Taking – He took calculated risks, such as investing in
equipment and entering new markets.
Personal Application: I am willing to take informed risks,
such as launching a business part-time while studying, to
test viability.
4. Persistence – Despite setbacks, Sibanyoni continued
working towards his goals.
Personal Application: I persist through challenges, like
