The Heart of the Economy

It is said that between 60% and 80% of this country’s GDP is generated by the activities of entrepreneurs that employ between ten and fifty employees.  Assuming that these numbers are true, then entrepreneurs form the heart of the economy.

Over the last view months, Skopus Business Consultants detected a slow groundswell of interest from people who want to start their own businesses.  Many cases we encountered were about people who do not know where to start or who are intimidated by lack of finance. Banks are still very prudent in their credit policies.  In addition, the past recession and the slumber in the present economy affected many peoples’ credit records, thus not making them an attractive risk for prudent banks.  On the other hand, venture capital from non-banks could be murky waters to navigate.  It is a world in which even the boldest hesitate to enter.

These were some of the factors that we considered when we announced the Skopus Entrepreneurship Prize.  We hope that this initiative can help to make a difference in many South African lives.

This is the official blog of Skopus Business Consultants.  Visit us at www.skopus.co.za

The Skopus Prize is a trademark and intellectual property of Skopus Business Consultants.

More details about the Skopus Entrepreneurship Prise can be found at www.skops.co.za