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As an entrepreneurial audit firm of like-minded professionals, MMS aims to connect with, understand and solve any entrepreneurial client’s business needs. As entrepreneurs ourselves, we understand fellow entrepreneurs very well. The importance of entrepreneurs, SMME’s and small businesses to the community and economy should never be underestimated – it is this sector that Government is looking to as a catalyst in solving South Africa’s unemployment challenges in years to come.
We believe that each entrepreneur should be treated as an individual and not seen with ‘cookie-cutter’ business eyes. In order to nurture growing businesses or start-ups, entrepreneurs need support from not only the government but various business sectors in South Africa.
In an effort to inspire entrepreneurs, the MMS Group have compiled this list of tips:
  • Never lose sight of who you are
    Stay true to who you are and what you want to achieve.
  • Embrace hard work and determination
    A start-up is never an easy road, there will be limitations and obstacles to overcome, stay focused on the end goal – the hard work will pay off.
  • Failure is part of success
    Do not despair if you fail or fail repeatedly, as long as you learn from your mistakes, success is within reach.
  • Do not be afraid to ask for help
    Find a mentor you look up to who can give you insight and put things into perspective when you need it most.
  • Choose your team carefully
    Whether you are choosing your auditors, service providers or hiring employees – ensure everyone shares your vision or at least understands it.
  • Grow a thick skin
    Being an entrepreneur is tough – don’t take setbacks personally and work on a strong and disciplined business acumen.
Entrepreneurial myths debunked
A recent study by the UCT Graduate School of Business researched the The Duchess’ success story as a case study and this is what they found:
  1. All you need is a good idea
    Although a good idea will go a long way in terms of success, a refined and calculated business and marketing plan will be the indicator of success.
  2. Launch your business and the people will follow
    Sitting back and waiting for business to come in is a mistake, take your product to your target market and choose your market mindfully.
  3. Experience is needed in the market you are dabbling in
    You need experience in the field you are penetrating, you will need to understand how your industry works and how to leverage that to your advantage.

When you have entered the entrepreneurial market, choose the MMS Group as your partners in auditing, accounting, tax and advisory services. We understand and embrace the spirit of entrepreneurship. Visit our website for further information, alternatively contact us on 021 410 8709 or email us at info@mmsgroup.co.za.