With a relatively low culture of entrepreneurship, the small business sector is increasingly becoming a major focus area for Government. The small business enteprises (SMEs) are expected to contribute the majority of jobs in the country by 2030 – according to the National Development Plan (NDP).
Entrepreneurship is by its nature about taking and managing risks – whether one is an entrepreneur or a corporate player - one is likely to directly or indirectly influence the success of small businesses.
Questions to ponder:
-How is your organisation influencing the success of small business?
- If you are a small business owner, how can risk management practices assist in creating/maintaining a successful entity?
Share your thoughts in the comments section