Cape ’ s entrepreneurship specialist Prof Christian Freidrich ( an extraordinary professor at UWC ’ s School of business and profess at the University of Applied Sciences in Giessen , Germany ) has dug a little deeper . He says that a massive research programme spanning the last 15 years has revealed that a smaller business can rise or fall on the decisions of the entrepreneur who owns it . This is because the owner is the source of action in a firm , makes the key decisions and deals with important customers , suppliers , and employees .
To close off 2022 , EO Durban members have shared 24 tips which they believe are integral to running a successful business during 2023 :
Denzil Steyn , CEO of Intellisec & president of EO
01 . Build your team , set direction and execute systematically and passionately , in that order .
02 . Don ’ t demand loss recovery from a chosen path . If it is not working ,
SA Real Estate Investor Magazine DECEMBER 2022 / JANUARY 2023 53