RSM Botswana inspire young entrepreneurs
Zolani Kraai | Tuesday October 10, 2017 15:28
The words of encouragement were shared at the RSM World Day 2017 held at the UB library auditorium recently. The event, held in collaboration with Botswana Students Network (BSN), brought together aspiring entrepreneurs some yet to graduate, and those already starting entrepreneurship.
A tutorial programme consisting of RSM Botswana management was arranged. It emphasised on cultivating confidence within one’s mind for success as an entrepreneur.
RSM Consulting Director, Buzwani Manyepedza presented a write-up themed, Entrepreneurial work for profit and for money.
He stressed that one does not have to be a Chartered Public Accountant to run a business, but should at least understand what is entailed in basic income statement and balance sheet, and they mean.
Manyepedza further said continuous reading accounting theories is essential for accounting purposes and sustainability of the business.
He also stressed that a business plan is essential in every form of business in order for it to flourish and sustain itself.
Audit Senior at RSM, Zondai Gwarimbo, unpacked Grit theory to the students, saying in actual fact there are three types of it, which are meaningful to African entrepreneurs. He said one has to make mistakes and try again, even if one does not have the confidence.
Also, one has to lead in order for others to follow and that an entrepreneur has to be kind to people even when they are not kind to him or her.
For her part, Wazha Kelepile, RSM Botswana Tax Manager shared a differentiation of being self-employed and being an entrepreneur.
Kelepile said while being self-employed, there is no creation of a solution to a problem, but it the opposite when being an entrepreneur.
“Entrepreneurship creates an ecosystem that starts with wealth creation for yourself, investors in some cases, employees and then your community,” Kelepile shared.
She further said entrepreneurship is more than starting a company, but rather starting a micro-economy that drives a community.
Another speaker, Guru Gurumoorthi, Managing Partner at RSM, told the gathering that most of the entrepreneurs overload themselves with business work, saying doing so means they are employed in their own businesses.
Guru, as he commonly known, advised students to be rare entrepreneurs that should avoid micro-managing their businesses, but create room for advisory role to the management team they would have hired.