OTE2601
Assignment 2 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: 15 June 2025
QUESTION 1
In South Africa and around the world, many small businesses face challenges that lead
to failure. Learning from successful entrepreneurs like Patrice Motsepe—who
overcame financial and strategic obstacles—can help young entrepreneurs avoid
common mistakes. Below are ten reasons why many businesses fail:
1. Incompetent Management
Many business owners lack essential management skills such as planning, marketing,
and staff management. This often results in poor decision-making, inefficient operations,
and weak leadership, which can cause the business to fail.
2. Lack of Experience
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
Assignment 2 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: 15 June 2025
QUESTION 1
In South Africa and around the world, many small businesses face challenges that lead
to failure. Learning from successful entrepreneurs like Patrice Motsepe—who
overcame financial and strategic obstacles—can help young entrepreneurs avoid
common mistakes. Below are ten reasons why many businesses fail:
1. Incompetent Management
Many business owners lack essential management skills such as planning, marketing,
and staff management. This often results in poor decision-making, inefficient operations,
and weak leadership, which can cause the business to fail.
2. Lack of Experience
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
