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Business Tips – From Employee to Entrepreneur – Part 3

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Please note that this pertains to South African Legislation, The Basic Conditions of Employment Act and Best Practice requirements.

So far we have looked at:-
1. The difference between being an employee and an employer;
2. Your Purpose:
3. The People around you and
4. Your Personal Footprint.

Believe it or not, there is a whole lot more – today we will explore a few more.

1. Knowledge
We all know the statement “Knowledge is Power”! Well, I would like to challenge that particular statement – you see I personally don’t believe that “knowledge” itself is power – I believe that it is “What” you do with that knowledge that makes it powerful.

Now that I have gotten that out of the way, let me say this – you need to continue learning, you need to “grow” yourself. You need to research and plan and strategize and develop and you can only do this if you learn about new things, expand your knowledge and understanding.

Remember though that knowledge without the utilization of that knowledge is useless. Just like a thought without action remains just a thought – knowledge without the action remains powerless.

2. Generosity
Now generosity is not limited to putting your hand in your pocket – actually, if the truth is told, that’s the easy way out. There is the generosity of spirit where you share with others, things like your time, your knowledge and your expertise. You may not be giving out money but you are giving of yourself.

The truth of the matter is that the more you give the more you get and more especially, the more that you give without thought of what you could get – the more you will get, the more you will attract to yourself and the more that you will receive.

Of course, that is not to say that you have to give everything away for free – that would certainly not be good business acumen, but if you can lend a helping hand to give some good advice or have even just listened and been a sounding board, then please pause for a moment and help out. You will find one day, that when you need help, it will be offered or arrive unexpectedly and in great abundance.

3. Technology
Now this one brought a huge big smile to my face – the proverbial “technophobe” that’s me. Technophobe or not, the fact of the matter is that today’s technology does things faster, more efficiently and more accurately than we can do things manually. Look at the way manual books were done in the past and how accounting packages now deal with entries, and double entries or how we used to “dial” a number on a landline and nowadays how many of us no longer even have landlines but conduct business and even run our businesses, manage our diaries and communicate with the world on cell phones or tablets or laptops or notebooks.

Nowadays there are gadgets for girls and gadgets for boys – electronic devices that are geared specifically to make life easier. Remember though that “easier” often also means “faster”. Be aware of what is new and what’s improved, it doesn’t mean that you have to buy everything that hits the shelves, but at the very least, be aware of what is hitting the shelves and invest in what can be of the most assistance to you.

Next time we will continue to look at some of the other issues that you will need or be aware of to become a successful Entrepreneur.

Nikki is an Internal Auditor and Business Administration Specialist who can be contacted on 083 702 8849 or or

Part 1

Part 2

Part 4

Part 5

Part 6

Part 7

Part 8

Part 9