Fast Track Your Way To Successful Entrepreneurship

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Entrepreneurship is becoming more popular among the youths of Africa as a career which can allow them to boost both their personal and professional lives. As there is a prominent lack of employment opportunities, teamed with political disturbances and socio-economic challenges across the continent, deciding to become an entrepreneur can actually prove beneficial for you. However, becoming an African entrepreneur would mean that you develop all the necessary business skills and knowledge. Moreover, you need to be prepared to drive your business through the constantly evolving market and the socio-political challenges in Africa. Let us take a look at what you can do to become a successful business leader….

Being An Entrepreneur In Africa

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Africa is presently going through different problems like illiteracy, poverty, unemployment, terrorism and political turmoil. However, the scenario can be changed when the African youth take up entrepreneurship to enhance the capacity of the nation and create more jobs. Effective entrepreneurs can drive industrial as well as national development. But there are too many obstacles which discourage most aspiring entrepreneurs to get started.

Ashish Thakkar, who survived the Rwandan genocide, launched his own computer business after completing high school in Uganda. Now his business, the Mara Group, has expanded a lot and has become one of the most reputed conglomerates in Africa. Thakkar now leads a group of businesses with over 7,000 employees and functions in more than 19 African nations across different industries, such as agriculture, manufacturing, information technology, real estate etc.

Need For Promoting Entrepreneurship

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Regarding encouraging entrepreneurship in Africa, Thakkar said,

“We focus primarily on young entrepreneurs. I know from experience that when you are young, the concept of networking is very alien and you don’t know how to go about raising capital. Learning the hard way, on the job, helped me understand why unemployment is such a big issue in Africa and globally. According to our government, the answer to unemployment is foreign direct investment. But I don’t believe that’s the only option, we should also look to nurturing Africa’s small and medium-size enterprises (SMEs).”

He further added,

“On average, SMEs provide 65% of private-sector employment in Africa… I frequently meet with entrepreneurs all over Africa, and my first question is always, “Look, what can I do for you?” They never tell me that money is their primary need, what they are really looking for is guidance. Many young African entrepreneurs are the children of civil servants or farmers. They don’t come from business backgrounds, so where can they turn for advice?”

How You Can Be An Entrepreneur

This is where the need for business education comes in, if you ask me. Nowadays, it has become imperative that you pursue an MBA to gain the necessary entrepreneurship skills, especially if you don’t have much knowledge about the business world. But as studying at a traditional business school can be highly expensive these days and result in a heavy student debt, it is better to pursue a fast track MBA online programme. Studying a fast track MBA will help you learn about the various facets of business and boost your leadership and managerial skills in the most affordable way. This will surely make you more prepared to launch your startup and become a successful manager and business leader.

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As online courses are flexible, you will be able to gain relevant work experience while studying and get a deeper understanding about the industry and market. Moreover, you can advance your fast track degree to the final year of an accredited MBA degree programme from an associated university. A fast track MBA degree online will make sure that you acquire the right skills which will enable you to not only start your business but also to manage your company effectively.

How do you plan to become an entrepreneur? Feel free share your views and add to the discussion by commenting below.

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