Pearls of Wisdom from Jonathan Ortmans- President of the Global Entrepreneurship Network.
It is vital for entrepreneurs to realise that they are not starting a new business, but rather conducting an experiment. And in doing that they are boot strapping their ideas/experiment. Figuring out, would this idea work. Going through a process of collecting data, forming their team and figuring out if it is possible for it to work. The world is seeing a massive shift towards experiential learning. No longer is learning restricted to classrooms and universities. Most successful entrepreneurs set out because they are curious, more than being driven by the idea of making money.
The internet among other things has provided a vast opportunity to draw information from. There are also many global networks of entrepreneurship being established. We are also seeing governments adopt a much more scientific approach in supporting entrepreneurs.
The notion that failure is a barrier in a culture to allow entrepreneurs to thrive, is slowly dissipating. What is important is, to learn from the experience, recycle the idea, put together a new team and move on with more knowledge. And if you don’t move on to another start-up, you would be more employable than before you started trying in the first place.
Accelerators are also becoming global. The Silicon Valley team, geeks on a plane , will arrive in SA in March 2017. To determine if there are any SA start-ups, they can invest in.