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25 April 2019 | Story Igno van Niekerk | Photo Igno van Niekerk
Allon Raiz
Entrepreneurship is the future: Allon Raiz provides tools for tomorrow at recent UFS Business School guest lecture.

Allon Raiz treated staff and students to an entertaining, insightful and thought-provoking session on Lose the business plan: what they don’t teach you about being an entrepreneur on Thursday 10 April 2019 at the Bloemfontein Campus. The University of the Free State (UFS) Business School hosted Raiz for a guest lecture on going beyond the business plan.

Raiz, the founder and CEO of Raizcorp is the host of The Big Small Business Show on Business Day TV. He is also the author of two best-selling entrepreneurial books, and he literally gets down to earth about talking business issues when he takes off his shoes as he takes the stage to deliver a talk.

What they don’t teach you

Raiz started the session by sharing the fact that 96% of small businesses fail within 10 years. From his research and experience, he shared the three main attributes always found when studying successful entrepreneurs: “They see opportunities, take risks and add value.”

He was however clear on the fact that there is no such thing as a typical entrepreneur. “It is not about a set of characteristics, it is about a set of probabilities.”

Effective entrepreneurship education

After sharing his personal journey to entrepreneurial success, Raiz explained that entrepreneurs had different expectations in terms of how much they wanted to earn, and how big they wanted to grow their businesses. Although entrepreneurs come in all shapes and sizes, there are some generic tools which all entrepreneurs can use. These include finding role models, being resilient, and having an internal locus of control. 

The essence of Raiz’s message was that no matter what you want to do, don’t wait and make plans – take action. In short, lose the business plan – start working on the business.

News Archive

Enactus heeds call to be of service to its communities
2017-01-17

 Description: Enactus Tags: Enactus

The newly-elected vice president of Enactus
University of the Free State, Solomuzi Khati
(third from left) with members of Enactus on
the Qwaqwa Campus.
Photo: Thabo Kessah


The future of South Africa is in good hands if Enactus activities are anything to go by. Enactus is an international non-profit organisation bringing together student, academic and business leaders committed to using entrepreneurial action to improve lives. And the Qwaqwa Campus chapter is doing exactly that – changing lives.

Community engagement
This team of enthusiastic and energetic students have touched the Qwaqwa community in more ways than one through their community engagement activities. One such activity was when they adopted the Team Spirit Centre as their partner for development and empowerment.

“Up to now, the chapter has lived up to its purpose of assisting and uplifting the Qwaqwa community. As part of our programme, we identified a problem that we are currently helping to solve,” said Solomuzi Khati, the newly-elected vice president of Enactus University of the Free State.

Skills development
“We have realised that many centres housing orphaned and vulnerable children, like the Team Spirit in Makoane in Qwaqwa, are not sustainable. Our project introduced a business concept to the centre where we helped to plant vegetables so the owner Mrs Manthabeleng could then use and sell at a later stage,” he said. “In the process, students and Mrs Manthabeleng would develop various entrepreneurial, finance and business skills for future use on top of the centre generating income to sustain itself,” he added.

Appointment of Advisory Board
Khati also revealed Enactus was in the process of inviting business and community leaders into their Business Advisory Board. “This is a group of business people who are recruited to serve as mentors for our team. Typically, a Business Advisory Board is composed of 10-50 business leaders in the community. Board members can keep students informed of current business concerns and trends, provide financial or in-kind assistance for projects, critique annual reports and presentations, and provide networking opportunities.”

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